Harrisonburg Real Estate Guru

Buying a Home- An Investment or A Place to Live?

December 5, 2009 on 5:22 pm | In Best Retirement Locations, Find Homes in Rockingham County Virginia, Harrisonburg Virginia Real Estate, Real Estate Advice From a Pro | No Comments

Buying a home?  Well… why are you buying a home?  Are you buying a home to sell at a huge profit in a few years?  Not so fast! 

You should be buying a home to live in and to enjoy with friends and family and hope that one day it will be worth more someday.  A home is a utilitarian product and should not be viewed as a short term investment vehicle.  However, the people of America were deceived into believing that real estate was much like the stock market, or other financial markets, where you could buy and sell, over and over, (churning) and make some good money.  Like the dot-com boom, and other similar financial booms, there is always a bust.  Unfortunately today we are experiencing the bust in real estate.  Easy money and loose credit created an environment where many speculated and some made money but an awful lot of people were left holding nothing but the bag.  Such is nearly always the case in these “gold rushes”. 

Location, location, location it is said, is the most important aspect or attribute of real estate. Well our area has watched much of our market remain nearly unchanged because of our location and because of the conservative nature of its population.  This is not an insignificant thing to be considered if you are thinking of relocating or retiring soon. 

The long and short is that the Harrisonburg-Rockingham County area is a great place to live, and if you are considering a move, I’d love to speak to you.  

Barry Suttles – Realtor 

540-246-5666 mobile anytime 

Kline May Realty