by Amanda Ines

Created on: April 06, 2010

The world is in crisis and this is probably the time when the prices of all properties have dropped more than ever before.  Bearing in mind that most of us have already reached rock bottom, the only way to move forward after having reached rock bottom is to go up. So in other words if we and the economy are going to start to recover and go upwards, then it only stands to reason that the prices of properties will recuperate and also start to go up.

So then, if you are one of the lucky few in the world who still have some savings, money, healthy bank account or even some cash under your mattress this is the time for you.  This is the time for any buyer to be able to pick up a good deal.  The real estate world can be compared at times to the world of stocks and shares in that you have to know when is the right time to sell and when is the right time to buy.

There will be lots of property owners out there who are going through a really tough time, probably having lost their jobs and so consequently not being able to keep up with their mortgage payments. They are just longing to sell/get rid of their property which they bought several years ago with lots of illusions of having made a good investment. Now on finding themselves in water up to their necks that illusion is no longer so and instead has become a nightmare which they want to get rid of. They will be happy if they just manage to break even which means they would accept selling for exactly the same price as they bought.  They have realised that this is no time to think of making a profit on any property that they bought and just to be able to sell and get rid of it and get rid of the commitment of paying a mortgage each month will be very well received.

So obviously all of this lets the buyers out there who, as mentioned before still have some money, know that this is THEIR time.  It is the time for you to buy a 4 bedroom villa that was originally going at the asking price of €1.400,000  for the song of €700.000.  You can't go wrong because when the economic world gets better this villa will surely go up again in price and if you want to re-sell it again when times get better you can do so and gain a profit or you can just enjoy your villa knowing that you paid one of the lowest prices for a 4 bed villa!

I myself, who has been in the real estate business for the last ten years, curse whenever I see all the fantastic offers that abound everywhere because I don't have any spare cash to be able to snatch up any of these offers. However, if I did have the cash I know that I would be heading to making myself become a very rich lady in the future.

There is a time for selling and there is a time for buying and this is definitely a time for buying. If you are a seller my advice is don't sell at the moment unless you find that is absolutely necessary due to your economic circumstances.

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