WHEN IS THE BEST TIME TO PURCHASE A PROPERTY?

The New Year brings with it the opportunity to take on new challenges and realizing long held goals. Whether you wish to lose weight, purchase a home or take this prime opportunity to purchase an Investment Property, there’s no time like the start of 2013 to get the ball rolling. I propose to ask you this question when is the best time to purchase a property?

Much has been written and published by all media reporters and some misguided economists about this topic; particularly in 2011 and 2012. They had predicted property crashes, and falls of up to 50% and that the economy would not recover for many, many years to come. Did you ask your brother, or brother in-law who had read in any of the newspapers or heard some economist who had said or written that this is not a good time to buy, or did you hear from your accountant or

Financial/broker adviser who were trying to sell you something or other in a get rich scheme.

Let me tell you about all of these reports which we all have seemed to follow like a lemming to our own detriment (oh let me explain what a lemming is. A lemming is “doomed conformist” a member of a large group of people who blindly follow one another on a course of action that will lead to destruction for all of them) these people have their own agenda and that is to sell newspapers and get unwanted and unnecessary media coverage, and most of them are not qualified to make such comments or give such advice. Having cleared that point let me explain what, and why I perceive the future to be in our industry.