How to buy real estate in this economy

In this changing economy, it can be tricky to buy property. Here are some tips when considering buying real estate in this economy:

Buy less than you’ve been approved for – purchase a property that allows you to have and maintain a low debt-to-income ratio

Learn about mortgages, read the fine print, research as much as you can. Get the facts. Knowing the facts will help you make better, more informed decisions.

Put more than 5% down on your real estate purchase. Life changes especially in this dynamic economy and should you need or want to sell, you’ll have to come up with money just to sell.

Take advantage of the current lower interest rates so that you can keep your housing expenses down. But do not buy a bigger, more expensive property just because the interest rates are so low.

Take advantage of the fact that there is less competition as there are fewer buyers. Use your negotiation skills when purchasing property in this economy.

Buying property these days is not very difficult if you stay focused, balanced, and in control.

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About Stephane Manos

Stephane Manos has developed several online companies. While working as an online entrepreneur, he fell in love with the sales aspect and recruited some of the best clients and affiliates the companies have ever had. The fun, he found was in building the connections and relationships. One of Stephane's top qualities is being able to motivate. He found a passion in motivating others which in return motivated him. Happy colleagues and clients would send word-of-mouth referrals and increase traffic to his online businesses. Teamwork is something that Stephane promotes. The focus is not on self or individuals but in working as a team to reach the same goals. It is his role as a leader to lead the team by example. Currently, his interest is in real estate investments and financial investments. He is now looking into emerging markets such as the Middle East. He also believes some of the better deals can be found in certain parts of the United States. Many distressed buyers are looking to liquidate. Developing new online businesses, purchasing commercial and residential real estate, and developing rentals has led him to travel around the world. Stephane Manos contributes a portion of his time and earnings to charitable associations and philanthropic groups. His charities are: -Children's Telethon -AHEPA brotherhood and Shriners -REVIVRE Bipolar Support Assocation
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