Why investing in Salisbury Real Estate is A Good Idea.

    Why investing in Salisbury Real Estate is A Good Idea.
    I get asked this question a lot every day “Should I buy a home in Salisbury right now”, my answer: Absolutely!!! The Salisbury area like all markets has been hit with the downturn in real estate. We have not been hit as hard as a lot of markets, but we did see a significant decline in prices. When prices go down, this is the best time to buy!! For a First time buyer this is a perfect time, or for the investor as well. Prices are down and interest rates are at an all time low. Besides this, the Salisbury area is somewhat unique, which offers some opportunity that some other areas do not offer, for potential future upside in growth for the Salisbury real estate . Many people are fearful to invest or purchase a home at this time. It was Warren Buffet who said “Be fearful when others are greedy, be greedy when others are fearful” you don’t follow the train of investing; you try to get in front of it. Now more than ever is a great time to buy a home in Salisbury, or anywhere for that matter. Below are a couple of factors that will contribute to real estate growth, and why the Salisbury area is a great place to buy or invest in a home, especially now.
    The Salisbury area has a nationally recognized, rapidly growing university. Salisbury University is growing at an expediential pace. The University is investing hundreds of millions of dollars in new buildings, real estate and infrastructure to improve and handle growth. The student population has nearly doubled in size in the last ten years, to a population of over 8200 students. Salisbury University is recognized for its various educational accolades, while being affordable. Why is this good? This brings in people from all over the country, the students need a place to live, and parents have started buying houses for kids to live in while in college. Staff and professors also need homes to live in. This in turn also provides a very strong rental market. For and investor there will always be demand for rentals, and if a homeowner needs to rent for whatever reason there is a demand for rent as well. As the university continues to grow, staff, students, professors all need housing!!
    The Salisbury area is also the corporate headquarters for Perdue Chicken. This in one of the largest poultry companies in the world. Perdue every year brings in professionals from out of the area to live in the area to work at headquarters. These professionals are usually paid a good income, and they need places to live as well. Some Perdue employees are only hired for a short time, so this helps add to the already strong rental market, and some are hired to work for a while. For the long term employees, they need housing, and generally purchase houses to live in. Even in the downturn Perdue has continued to strive and grow. When the economy turns around this will add more jobs, and these employees will need housing.
    The Salisbury area is also home to a nationally recognized hospital PRMC. The hospital attracts and recruits professionals from all over the country. PRMC has also recently had over $100 million dollars in rehabilitation and expansion. PRMC had been ranked in the top 5% in the nation for clinical excellence. PRMC has continued to grow and expand. As the hospital grows, it needs more employees; these employees will also all need housing causing needs for both rentals and housing purchases.
    If you couple of these factors with the proximity of Salisbury to Ocean city a east coast vacation staple as well as its proximity to Baltimore, Washington, Philadelphia, this makes it a very attract place for people to chose as an area to live in. Salisbury offers the eastern shore life style with access to bays, rivers, and the ocean, as well as affordable living in an accredited All American City. All of these factors have poised Salisbury for continued growth, which is why it is great time to invest!!

    I get asked this question a lot every day “Should I buy a home in Salisbury right now”, my answer: Absolutely!!! The Salisbury area like all markets has been hit with the downturn in real estate. We have not been hit as hard as a lot of markets, but we did see a significant decline in prices. When prices go down, this is the best time to buy!! For a First time buyer this is a perfect time, or for the investor as well. Prices are down and interest rates are at an all time low. Besides this, the Salisbury area is somewhat unique, which offers some opportunity that some other areas do not offer, for potential future upside in growth for the Salisbury real estate . Many people are fearful to invest or purchase a home at this time. It was Warren Buffet who said “Be fearful when others are greedy, be greedy when others are fearful” you don’t follow the train of investing; you try to get in front of it. Now more than ever is a great time to buy a home in Salisbury, or anywhere for that matter. Below are a couple of factors that will contribute to real estate growth, and why the Salisbury area is a great place to buy or invest in a home, especially now.

    The Salisbury area has a nationally recognized, rapidly growing university. Salisbury University is growing at an expediential pace. The University is investing hundreds of millions of dollars in new buildings, real estate and infrastructure to improve and handle growth. The student population has nearly doubled in size in the last ten years, to a population of over 8200 students. Salisbury University is recognized for its various educational accolades, while being affordable. Why is this good? This brings in people from all over the country, the students need a place to live, and parents have started buying houses for kids to live in while in college. Staff and professors also need homes to live in. This in turn also provides a very strong rental market. For and investor there will always be demand for rentals, and if a homeowner needs to rent for whatever reason there is a demand for rent as well. As the university continues to grow, staff, students, professors all need housing!!
    The Salisbury area is also the corporate headquarters for Perdue Chicken. This in one of the largest poultry companies in the world. Perdue every year brings in professionals from out of the area to live in the area to work at headquarters. These professionals are usually paid a good income, and they need places to live as well. Some Perdue employees are only hired for a short time, so this helps add to the already strong rental market, and some are hired to work for a while. For the long term employees, they need housing, and generally purchase houses to live in. Even in the downturn Perdue has continued to strive and grow. When the economy turns around this will add more jobs, and these employees will need housing.

    The Salisbury area is also home to a nationally recognized hospital PRMC. The hospital attracts and recruits professionals from all over the country. PRMC has also recently had over $100 million dollars in rehabilitation and expansion. PRMC had been ranked in the top 5% in the nation for clinical excellence. PRMC has continued to grow and expand. As the hospital grows, it needs more employees; these employees will also all need housing causing needs for both rentals and housing purchases.
    If you couple of these factors with the proximity of Salisbury to Ocean city a east coast vacation staple as well as its proximity to Baltimore, Washington, Philadelphia, this makes it a very attract place for people to chose as an area to live in. Salisbury offers the eastern shore life style with access to bays, rivers, and the ocean, as well as affordable living in an accredited All American City. All of these factors have poised Salisbury for continued growth, which is why it is great time to invest!!

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