Real Estate
Home - Best Places to Live - Help

Ridgecrest Real Estate Blog

Comments on Ridgecrest Real Estate Conditions, Agents, Good Neigborhoods, and more!

Ridgecrest Real Estate Blog  
Investment vs. Quality of Life
by A User
Date Posted: 1/18/2009
I keep hearing about people who are wondering if they should buy a house in Ridgecrest because it is a good investment. In my opinion, it is more about quality of life, family, and other factors can influence where you choose to live ... and how happy you are living there. We have seen that homes are no longer ATM's, so you should love where you live.

Ridgecrest Housing Market
by A user
Date Posted: 1/3/2009
Ridgecrest Market Prices have increased dramatically over the last year. A duplex in the SE area I am purchasing has went from $125,000 a year ago when it was purchased to an appraised value of $276,000. I am purchasing it for $236,000 or $94 a sqft. However I prefer a combo of values from Cost, Income, Market analysis before I make an Investment decision to Include the Sqft I would like to sell at or want the property's appreaciation to be close to or expected to rise to within the next year or 3years out. My opinion is not to focus so much on buying or whether the market is high or low; declining or increasing (although Ridgecrest is increasing; especially multifamilies housing by leaps and bounds). Speculation and Investing is two different points of views when it comes to Real estate and I prefer alittle of both but you have to do your homework. You do not have to accept the asking price. You can always go lower and expect a yes or counteroffer by the seller. So do not purchase too high like most people buying in Ridgecrest do without getting what a certain price demands for the money. Bottom line Know when you want to Sell and not when you want to buy. Secondly know what you want to buy and what price you want to pay and when you want to sell before you invest anywhere. Thirdly concentrate on intangibles like how much equity and tax depreaciation etc. you would like built in before the buy. Fourthly if a rental; how much cash flow do you need? This will decide what type of mortgage you need (Most people do not even know their choice of mortgage) There is more than just 30year fixed conventionals out there. And lenders are competing heavily for you dollar these days.

Are prices going to fall?
by A User
Date Posted: 10/13/2004
looking to buy in ridgecrest

Post a Comment

Return to the Ridgecrest Real Estate Page

Ridgecrest Real Estate Sponsors
· Search Ridgecrest Homes for Sale
· Find a Ridgecrest Realtor©
· What is your Ridgecrest House worth?
· Search Ridgecrest Apartments for Rent
· Search Ridgecrest Foreclosures

Featured Ridgecrest Real Estate Sites

© 2020  HousingLeaders, LLC. All rights reserved.

HousingLeaders, LLC. is not responsible for content on external web sites.
Equal Housing Opportunity

About us | Terms of Service  | Advertise | Real Estate