Submit Feedback
Member Login
Blogs Homepage
Featured Entries
Recent Entries
Recent Comments
Tags
My Starred Entries
Create A BlogThe Donald Says it’s Buying Time |
Posted at Santa Cruz Real Estate by Lauren Spencer
Sep. 16, 2008
.jpg)
On August 12th, Donald Trump was interviewed on Good Morning America about the real estate market.
“If you want to buy a house, there’s probably never been a better time,” he said.
Donald Trump, arguably the most successful real estate investor in the country said people looking to sell their homes should hold off if they’re able to do so.
"It's a tough market. It's a horrible market," he said. But "this is the absolute time to buy. It's not the time to sell."
"The fact is that most of the country is very, very weak," Trump said, adding that buyers should use that to their advantage.
For those who find themselves in a must-sell position, the man known as "The Donald" said sellers should "make sure the house is in great condition."
It could mean more money for you home, he said.
On Facing Foreclosure
Due to the credit crisis, sparked by the flood of irresponsible loans made over the past few year, many Americans are in danger of losing their homes.
For these people, Trump said all hope is not lost, even if the bank has filed a foreclosure notice.
Why? Banks don’t want your home, because then they would have to sell it in a market already flooded with homes for sale.
"The banks want you in that house," he said. "Call your bank. Work out a deal."
He said in many cases friendly bankers are eager to work with trouble home owners to find a financial option viable for both parties and added there is a way people should approach the institutions.
"Above all else be nice. Don't go in too aggressively," Trump said.
For consumers dealing with the not-so nice bankers, "you may have a really bad banker in which case you get a really good lawyer and sue them," he said.
Below is a link to the video of the interview:
Word of the Day
Ask the Experts
Question of the Day
Member Login
Join RealTown
Request Password
RealTown RSS Feed