The Advantages of a Soft Market

Remember the ancient curse, "May you live in interesting times"? While many Bahamas real estate owners are indeed cursing the current climate, many buyers see opportunities. In a "soft" market, the short-term options dwindle, but seasoned investors in for the long haul are positioned to take advantage.

In the words of billionaire J. Paul Getty, "Buy when everyone else is selling and hold until everyone else is buying.
Just like the stock market, more money is often made in a down cycle than in an up real estate market and the Bahamas is no exception.

Slower times encourage sellers to be more open to negotiation. Combine acceptance of lower prices with currently lower interest rates, and you've got the perfect recipe for Bahamas real estate bargains. Real estate is continually cycling, and it's guaranteed that prices will rise again. The time to get in is now, before that begins to happen.

A "buy and hold" strategy works in this market if you have the funds and while your property appreciates. While you wait, if you have a building consider leasing it. The property can help to pay for itself with rent collected, and an investor who can pay off a small mortgage is in an excellent position indeed.

Now is the time to get going on the Bahamas real estate front. Some of you are looking to make your first purchase. There has probably never been a better time to buy. 2012 will soon be on us. Set your goals now. There are also many owner financing opportunities out there. Best of luck to everyone for next year. Buy well and you won't regret it.