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I met some wonderful people today while showing a property in Auburn. It is a country home across from a golf course on an acre… oh, and it gets better - is for sale under $300,000. While it is not Elite Properties’ listing, the potential buyers appreciated knowing that they could ask pointed questions about the house without hurting anyone’s feelings.
Which makes me think about the new club of buyers I’ve been running into lately. This market sure has created a new surge of investors and as well as first-time buyers. I guess every new market downturn brings with it its own club of new investors. What I’m seeing is the new buyers are not as scared of a market turnaround. They’re in it for the long haul. Even the first-time buyers today have an eye to retiring with their real estate intact. They understand the value of a home and are aware of the advantages of rental properties.
Like the clients I met today said, “Owning real estate in California is like owning gold. Why would you EVER sell?”
Well said! I thought. My thoughts exactly.
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