Barack Obama Speaks to the Nation

As the 44th President of the United States of America, Barack Obama said

“we must begin the work of re-making America“.  

To grossly pharaphrase he went on to say that ”we must restore science… use sun and wind… restore our universities… Some suggest we cannot tolerate big plans, but we have done it before. ” 
We must “take the shortest route to our common good…. Our founding fathers faced perils we cannot imagine… Those ideals still light the world and we will not give up for expedience sake…  Know that America is a friend of each nation and we are ready to lead once more…  Power alone cannot protect us… We will not apologize for our way of life or waiver in its defense..  Our spirit is stronger, you cannot outlast us and we will defeat you…. But the world has changed and we must change with it.” 

Enough of my lousy Obama paraphrasing… but I think there are some pertinent facts relative to Real Estate and even Real Estate in Montrose Colorado…

Should I Buy a House or Sell a House Now or Just Wait and Hang On?

Even after this well delivered speech of Baracks, I honestly have no better idea of whether the economy will improve from here before it worsens, or what time frame such economic changes might take…  but I think the “concept of change” is oozing from the ether,  especially in the USA but probably beyond. 

Hopefully this committment and desire for change will result in improved or renewed: spirit, ideals, standards, beliefs, faith & trust in our system and our country and our Real Estate, our homes and our investments.

I personally think now (if you have a job and can get a loan) is an excellent time to buy in most markets, there are Foreclosures, Short Sales, REO properties (ones the bank took back - stands for “Real Estate Owned” - go figure a bank term acronym)…  These properties are typically selling at a steep discount to the market, which is what causes the market to drop.  In otherwords, there is a flood of good priced opportunities on the market…  There are motivated sellers everywhere that are unemployed, or underpaid to support their lifestyle. 

This spells opportunity…

Buying or Selling (if trading up)

Opportunity for new people to move into their place and it may be hidden opportunity even for the people in trouble, being forced or asked to leave…. It might just be what gets them off the fence, what gets them to take action, get a new job, pursue their dream career, change directions… Start over…

It Makes Good Economic Sense to Upgrade Now

Even if you just think you might want a bigger house for that new kid, pet or friend… Now is a great time to trade up, because the higher end homes in Montrose have been harder hit than the lower end homes, so effectively even if you are down on your home at say 200K the home at 400K is down farther, so when the market returns… You make more equity back on your Home and/or Investment.  Obviously you only want to do this IF YOU CAN AFFORD IT…

Take Action -

With CENTURY 21 Action Realty and Chris Ormsbee

I don’t think it matters half as much what we do, or how we do it, but the fact that we do something to improve our current situation… 

Lets all be positive, try to accept or even embrace change, evaluate it, chew on it, if it doesn’t taste good after a while then spit it out and make suggestions on how to further spice it up to improve it… 

and most of all take some kind of action (preferably positive).   Action yields results!

Have a good day!

Montrose Colorado Realtor - Chris Ormsbee

AKA “Your Trusted Real Estate Advisor”.  If I am not already Your Trusted Advisor then I sincerely want to be.  Similarly if No Action on Real Estate is your Plan please recommend me to friends or family who might be looking to buy or sell a house or commercial property in Montrose Colorado.  

Great Home Deals Abound!!!