The combination of historically low mortgage rates, some buyers sitting on the sidelines, and potentially move motivated sellers makes this a great buying opportunity.

We are living through a period of tremendous uncertainty, fear, and social upheaval, bombarded with scary headlines, images, and daily death toll reports, stuck at home “indefinitely”, hoping to remain healthy and employed. Face masks, gloves, and social-distancing is our “new normal”. Those of us that do leave the house encounter mostly shuttered storefronts, bars, and cafes. Entire sectors of the economy are at a virtual standstill.

In this environment, what’s a homebuyer or real estate investor to do?

Well, to paraphrase the Oracle of Omaha, Warren Buffet: 

“Be greedy when others are fearful and fearful when others are greedy.”

I think history supports this sage statement. The best buying opportunities have typically been in times of great uncertainty and high volatility.

Top 3 reasons to buy now:

1. Mortgage rates at or near historic lows
2. Fewer buyers
3. Motivated sellers

Thanks so much for listening!

Yours truly,
Max Vishnev
Host & podcast creator

Full-time NJ Realtor with Compass RE | Long-time NYC renter turned NJ house-hacker & landlord | Catskills property owner | Happy husband | Proud father of two | Avid reader & coffee drinker | Lifelong learner

Check out my real estate articles on BiggerPockets

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Intro and Outro music (excerpted) copyright:

Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/

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