Irvine, CA Real Estate – Why buy a home – Part 2

by Robert Mack on August 3, 2008

in Irvine Real Estate

First and foremost reason to purchase a home, in my opinion, is simply to own it, owning a piece of America, and for those with small children, to grow in a home rather than in an apartment. To establish roots.

While this may be a sentimental reason many buy homes for investment purposes, others buy for second residence purposes. No matter what your reason, to own property in

Irvine is like to own gold. Many professionals refer to the old adage: location, location, location. In my opinion, although true, however, this may not be the case these days. Everything is relative. I mean you buy a run-down house in the worst location of a city and still make a profit after renovation and sale or rent out. Granted your profit margins will be minimal, but if it is done in volume and over an extended period of time your financial realization would be a considerable chunk. One strike of the forger’s hammer on the anvil generates a tremendous force than the thousand strikes of the tailor’s needles on the linen. In other words, the financial realization of properties bought and sold in attractive and much sought-out areas gives rise to huge profits and quickly. Both scenarios depend on many factors: Capital, lower interest rates, economy, opportunity, diligence and perseverance, your willingness to commit and take calculated risks.

Views, comments, responses and constructive criticism are welcome.

Make it a great day.

The Mack Team

Robert & Tania Mack

Century21 Professionals

Irvine, Orange County, California.

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