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Buying or Selling a Home/China's Economy= Real Estate?

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Question
Hi,

I'm planning on purchasing a residential property and turn it into a rental property. However, with the recent negative financial situation in Greece and China, would that affect the real estate market in the US? thanks

Jackie

Answer
Hi Jackie,
Yes, any failure of the monetary system of another country can affect our economy, including the real estate market.  The real estate market, however, is generally slower to respond to negative events than say, the stock market, where prices can fluxuate many times daily.

I am not a securities expert and, by law, cannot give you any more information than I did above.

If you find a property that you want to purchase and rent out, as long as you get the property at a good price relative to its condition and the rent would not be exorbitant, my personal opinion is that you should be safe.

I hope this helps.
Thanks,
Elizabeth

Buying or Selling a Home

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liznarr

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I can answer questions relating to the purchase and/or sale of residential homes and land, including what a really good agent should be expected to do and/or not do; where to turn when problems occur; and questions regarding disclosure. I`m a Licensed Realtor in the Southeast since 1984 with designations of Broker, GRI, CRS, and CBR (Certified Buyer Representative). Current active and Life Member of Million Dollar Club, Certified by State Real Estate Commission to teach Pre-Licensing and Continuing Education courses, specializing in Agency. Currently serving on Grievance and Professional Standards Committees, and Education Committee in past.

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