Discipline and homework are the keys to scoring big as the real estate market turns. As any accomplished bargain hunter knows, a big score doesn't just happen, you have to work for it. That usually means research, patience, discipline and a bit of luck.
That's all the more true at a time when expectations and market realities are in turmoil — as is the case right now with residential real estate. In the darkest days of the economic downturn, the risks of wading into the market were at least as high as the potential rewards of scoring a deal. But now that things have settled a bit and the way forward is starting to appear, the risks — in terms of financing rates, job security and other variables — have lessened, as have the number of bargains.
see full article here by by Deirdre McMurdy
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