Buying to flip not smart in today's market
If home doesn't meet long-term needs, don't buy it
By Dian Hymer, Sunday, May 11, 2008.There are deals to be made in the current real estate market. Home buyers in many areas finally have the upper hand. Ironically, buyers tend to pull back when the market is soft and buy when the market is high.
Savvy investors attempt to buy when the market it low and sell when it's high. But, it's impossible to time the market, so there is always an element of risk involved. Here are some guidelines to keep in mind if you're considering buying a home in the current market.
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