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Black Hills Real Estate Company discusses buying land as the economy turns around

February 27,2013


Black Hills real estate company, Dakota Gold realty, discusses why now is the perfect time to purchase a new home

Rapid City, S.D. - Discussions over the turnaround of the economy seem to be on everyone's minds these days. While some may get discouraged by the slow improvement, others see a possible opportunity to take advantage of record low land and housing interest rates.

"Purchasing a home or land right now may be a great investment option for those looking to add to their current portfolio. Experts have forecasted housing prices to remain low for quite some time but it's the interest rates on financing one must pay attention to," said Bill Laskowski, Real Estate Agent with Dakota Gold Realty in Lead, South Dakota.

In anticipation for economic growth, many real estate mortgage rates have begun to rise from the national average of 4.5% among the various banks and credit unions across the United States.

"Although it's nothing to be concerned about just yet, there will be a very slow and steady rise in interest rates. I advice all future buyers to think about their future investment needs and strongly consider taking full advantage of buying in the current downed real estate economy," added this Black Hills real estate agent.

Along with watching for the rise in interest rates, Laskowski also advices his clients to consider other elements that play part in purchasing within today's economy.

Profit: Consider the profit you may potentially make on the property you have in mind. Does the profit outweigh the current cost and finance rates?

Potential Loss: If you are selling your current property to purchase a new one, it is wise to always look at what you may lose to gain a new home or piece of land. Can you make up this loss in profit five or ten years down the road?

Possible Rental Options: If you are making the purchase of a second home, you can look at rental options for one of the two properties to bring in extra income and decrease the mortgage loan faster.

Looking beyond the current situation to see the potential opportunities, one may see that there is a great window for the market to turn around, making your new real estate investment even more rewarding.



About Dakota Gold Realty

Dakota Gold Realty based in Lead, South Dakota, specializes in residential and commercial property sales in the Black Hills. With property listings in Lead, Deadwood and Sturgis, the talented agents at Dakota Gold will help you find the right property at just the right price. For more information about the company or to view their current listings please visit, http://www.realestateoftheblackhills.com



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