06 October 2008
Big Sale
Have you heard about the big sale going on? Yeah, there's a big sale going on. Where? Stocks and Real Estate. Let's think about which one would be the best buy. Stock prices are very low right now, that's true, but so are houses and land. Now let's compare buying a stock to buying a property. Could you go to your stock broker and say, "I want to buy some stock, but I don't have all of the money to pay for it, in fact, I only have about 10% or 20% of it." What do you think your stock broker would say (after he quit laughing, that is)? Could you go to your REALTOR with the same scenario? Of course you can, because this is normally what a REALTOR would hear. Typically people buy properties with only 10% or 20% down and use other people's money (a mortgage) to pay for the rest. Try doing that with a stock!
I did mention a big sale, so here are just a few of the great deals you can find in our area.
Marianna - A 3/1.5 brick home for $115,000
Chipley - A 3/1 brick home for $85,000
Bonifay - A 2/1 brick home for $48,000
Blountstown - A 3/1 immaculate home with new paint inside and out for $62,500
Compass Lake in the Hills - 1 acre lots for under $8,000
Sunny Hills - Lots for under $9,000
Cottondale - A 3/1 brick home for $110,000
If you are looking for a home for your family you just can't beat these prices. If you are an investor consider the fact that you can invest in the stock market and have your investment disappear if your stock goes belly up. Property, on the other hand, is a tangible asset that never goes away.