Thursday, November 19, 2009

Buy Low, Sell High

Isn't that what we always hear? This is the most basic principle when investing. Allow me to do a simple comparison between real estate and the stock market. The stock market is now trading with the DOW Jones Industrial Average at over 10,000. Approximately 9 months ago Ford Motor Company stock was trading at about $1.26 per share. Many people would say, it's worthless, DO NOT BUY. Today the stock closed at $8.73 per share. Imagine if you would have purchased 10,000 shares of Ford stock in Feb. of this year for a total of $12,600. As of today, your stock would be worth, $87,300. WOW, a gross profit of $74,700 in only 9 months! Ford Motor Company is a proven business. We can look at it's stock for as far back as you would like. They are a great company.

Real Estate is pretty similar. Real estate is a great investment and has proven to be so for many, many years. Obviously, nothing is certain, the market does go up and down, but there are some things that are worth the risk. Right now in Franklin, TN the housing market is down 10.9% over the same time a year ago.


If you are in a good position financially and you can afford to get in to real estate as an investment or simply to move from a rental to home ownership, now is the time. Certainly, if you are a first time buyer or an existing home owner who has lived in the home for 5 of the last 8 years, NOW IS THE TIME! With the governments newly extended and expanded tax credits of $8,000 and $6,500, you really can't delay. If you want to buy low, this is your chance. These new tax credits require a contract to purchase by April 30th. Other stipulations apply. Call me for details.

Steve Blair
Affiliate Broker / REALTOR
7105 Crossroads Blvd. Ste. 102
Brentwood, TN 37027
Cell: 615-479-1639
Office: 615-377-6330
Email: Steve@SteveBlair.net
Website: www.steveblair.net
Twitter: www.twitter.com/BlairTweets

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