Why Now May Be The Time To Invest in Real Estate
Greetings I hope you are enjoying nature’s spectacular fall fireworks of stunning changing leaves. Along with the seasonal cool down and shift in weather patterns, typically comes a similar shift in our real estate market. This doesn’t seem to be the case -at least not yet- though the majority of prognosticators think that things will eventually cool, citing impending rise of interest rates and the result of supply and demand fueled bidding wars driving rapid pricing gains leaving many buyers out in the cold. Still I continue to field inquiries from clients who wonder whether our area presents good investment opportunities.
The answer to this question really depends on your expectations as well as your goals. Some are focused on the appreciation over time of their asset. Others want to generate cash flow on their real estate investment. And sometimes the goal is a combination of the two. And while I’m neither a tax preparer or financial advisor, there are additional benefits to owning real estate investments including: Mortgage Reduction, Leverage and Tax Advantages. But risk tolerance must also be considered. I believe our healthy economic base will continue to drive demand for housing - whether one needs to purchase or rent.
Job growth and historically low interest rates make the cost of acquisition favorable while the potential appreciation could enable an attractive return on equity. Will we continue to see such huge year over year increases in value? Does remote work/more flexible work arrangements make other areas more attractive? How will proposed zoning changes - allowing multi family dwellings or ADUs – impact available inventory and the potential rental landscape? What will be the downstream impact of Seattle Council’s recent housing ordinances be?
𝐒𝐨 𝐦𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐭𝐡𝐢𝐧𝐠𝐬 𝐭𝐨 𝐭𝐡𝐢𝐧𝐤 𝐭h𝐫𝐨𝐮𝐠𝐡. 𝐈 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐥𝐲 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐧𝐨𝐰 𝐢𝐬 𝐚𝐧 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐞 𝐭𝐢𝐦𝐞 𝐬𝐨 𝐢𝐟 𝐲𝐨𝐮’𝐫𝐞 𝐭𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞, 𝐥𝐞𝐭’𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐲𝐨𝐮𝐫 𝐞𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐠𝐨𝐚𝐥𝐬 𝐚𝐧𝐝 𝐫𝐮𝐧 𝐭𝐡𝐞 𝐧𝐮𝐦𝐛𝐞𝐫𝐬 𝐭𝐨 𝐬𝐞𝐞 𝐢𝐟 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐦𝐚𝐤𝐞𝐬 𝐬𝐞𝐧𝐬𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮.
Call/text or email me anytime! ginam@windermere.com.
