Investing - Twin Cities Real Estate
The Search for VALUE in Today’s Market
Price and value are not the same when buying real estate. Price is simply a figure; a number; an amount that a given buyer wishes to pay or can afford. Value on the other hand is relative and possibly subjective, but one that generally represents “a lot (of house) for the money”. A buyer purchasing a property for tens of thousands of dollars below the listed price may feel good about the purchase, but may not have received as good a value as a buyer paying the listed price on a property that was priced below market.
Today's Investing Game Plan
We are in the midst of tough real estate recession; the worst this country has seen in decades. Real estate prices in some areas have fallen to the point where many people are paying more on a mortgage than their property is actually worth!
