01-03-2008
Recently on Larry King, Trump said. “It’s an amazing situation. There are tremendous opportunities. You know what’s interesting; I was begging people not to buy real estate two years ago. And everybody was interested in buying. And now they are less interested, and this is the time they should be going out — not buying, negotiating to buy. This is the time.
Trumps also addresses the foreclosure issue,
TRUMP- But this is the time. You were talking about books. This is the time that people should be going out and making unbelievable deals on real estate. And one other thing, Larry, you read all the about sub prime and all about the people (ph). I don’t understand where these people come from. The bank sends them a letter, and they leave. They send them a letter, you have to be out. They leave. Why don’t they call up the bank and negotiate?
KING: Yes, everything is negotiable.
TRUMP- buying a home is a long-term investment. You buy a home and enjoy the tax benefits and the pride of ownership and as the years pass you enjoy making a lot of money from your home rising in value. Most of the wealth in this country has come from real estate. Most people who have wealth have made that wealth through real estate- either all or in part, through owning real estate.
Of course the market goes through cycles, but if you stay for a while, all real estate (especially in metropolitan areas) goes up in value.
The media as a whole is one of the biggest factors in different real estate markets suffering this year, but it’s not everyone. People who know investing know the best time to buy are when everyone else isn’t buying. And in real estate, the best time for buyers to buy is in a “buyers market”. Hence, the name… (Article Posted in General Real Estate)
John Roebuck agrees, “there will be great opportunities for buyers in 2008 as sellers move to reposition portfolios, liquate un-needed properties and make their companies lean and mean. We are working on several large projects like the 40 plus property sold at our Auction Center this last fall. The auction method to buy and sell real estate has become the preferred process. We sold over 70 million dollars of real estate this past year at Auction. The National Auctioneers Association projected over $300 Billion in sales for ‘07, the fastest growing segment for real estate.” To find out more information on buying and selling real estate at auction please contact our office at 888-763-2825 (toll free).
