Real Estates Timing

Newton's Law "What goes up must come down." Now, who would have thought physics would come in handy after high school, right? Well take a look around us and at our economy. The number one question a realtor gets asked every time is "when is the right time to buy or sell a home?" Well my number one question to my clients is "what is the reason behind you wanting to buy or sell your home?"

If you are looking to sell your home and come out with a profit then look no further then how many homes are for sale. Talk with your realtor to see how many homes have sold in your area. How long have they been on the market and in what condition? With low inventory but a high demand; you might be able to come out with more money than originally anticipated. 

If you are looking to buy for a great price, try not to focus so much on interest rates as you should on the economy. When we start to notice a decline in jobs, and how much households are spending then we know that an unfortunate hardship is upon us. This means that more homes will be given up through necessity (more foreclosures and short sales). Although it is not something anyone wants to see, this might be an opportunity for an investment. Homeownership is something that is built around the "American Dream" and will continue to be looked upon as something valuable. However, does a home need to be owned in order to be a home? Do you really ever own your home? 

Before you decide your reason, make sure you talk to your real estate agent about your "why" and address any questions or concerns to make sure the decision and timing is right for you.  

Any more questions regarding real estate? Are you in need of a real estate agent? Give me a call today!  🧘‍♀️