Editors Note: This was written during one of the worst recessions in our countries history. We may not be in an extreme market downturn but the advice is timeless.

Of the sixty or so surveys that you guys sent to me a large majority of them dealt with fear. The fear that whatever you buy will be worth less money the very next day after you purchase the house.

This is a very valid concern. I completely understand where you are coming from.

When I bought my first home it was near the height of the real estate market here in Stratford CT. The year was 2004 I believe.

We were so excited to be getting an affordable home in a good neighborhood. Prices were rising so quickly and with every passing month it seemed like houses in Stratford were getting more expensive.

We could have waited to buy a home. There were plenty of nice places to rent here in Stratford at the time. But we weren’t buying a house as an investment. If we were than the absolute worst time to buy a home was when we did. Prices were sky high and of course they came tumbling back down.

Our house is now worth less than what we paid for it! But, so what. We live here in Stratford. We don’t make money or lose money because the value of our home is down. We still own a great home and have a mortgage that we can afford.

We are not moving anytime soon. Sure, out home is a little small for the four of us by todays standards. But that’s ok. We bought and house and have a house that we call a home here in Stratford. Who cares what the value of the home is.

I know many of you wont agree with me. I’m not sure that if I was looking for a home in Stratford right now I would agree with me. I might keep signing six month leases and shop homes for the next eighteen months before I buy.

It’s a scary real estate environment for investors but I truly do believe that buying in a market downturn is a great strategy when you are looking for a place to live. Barring any catastrophes there’s no way that in ten to fifteen years your home won’t be worth more than it is today.

Any questions? Use the contact form below. If I don’t have an answer I’ll put you in touch with someone that will.

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This colonial on Norman Circle in Stratford CT caught my eye this morning. It’s a very nice looking four bedroom with a real master bedroom and walk in closet. Lots of room to spread out for a big family here at just under 2200 s.f. You probably wont have to stand in line for a bathroom either with two full bathrooms and a half bath to boot.

Keep reading to learn more.

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