Recently when watching a news channel the discussion turned to the decline of the American dollar and the repercussion that had on the wealth of us individually as citizens.
The one thing they all agreed upon was that regardless of whether the dollar was weak or strong, the most solid investments or retainers of wealth were gold and real estate, even in this economy. Real Estate has gained 5% consistently through the years. In Oklahoma we have been fortunate that we have not seen a major readjustment to that growth. We have maintained steady growth.
In states where the Real Estate market was recently hit hard, the growth exceeded 5% growing in some areas to 25% and even 50% a year. The recent decline was a readjustment bringing that growth back to realistic values and growth rates.
Most people buy a home because they want to own their own home; a place that is theirs. But a whole other sector of the population knows and has known for some time, is that homeownership is the single largest creator of wealth for most Americans.
Even if you currently own your home, a down market is the best time to upsize from your current home to a larger, more expensive home. This seems just as contradictory as purchasing stocks when the stock market is down, but we all know that to gain wealth you much buy low. If you own your home, you must sell first to take advantage of the housing bargains out there.
I’ve heard a lot of sellers say that they want to wait to sell until the real estate market turns around. They are reasoning that they will be able to get much more for their home at that point, which may be true, but then they will spend even more to purchase a new home.
Let’s say you loose $5,000 by selling your current home now, but you are able to save $20,000 when you buy a larger home. You have actually saved $15,000. Were you to wait until you did not loose the $5,000 you would be paying $20,000 more for the new home. You have actually lost $20,000.

For most it will require a complete shift in logical thinking, but for those who truly use real estate as an avenue to gain wealth, they know, understand and take advantage of this principle.
So, if you have been considering selling your home in order to purchase a larger home, now is the correct time. Take advantage of this market to gain real estate wealth.
Give us a call today to prepare a current market analysis of your current home. 405-921-8449.
www.DreamsDoComeTrue.us