One of the biggest fears, rationales, objections, and reasons why buyers and sellers wait is because of timing the market. As you can expect, buyers usually want to buy at the best and lowest price and sellers usually want to sell at the best and highest price. I say the term “usually” because the best price sometimes isn’t what each party wants depending on their personal situation, financial situation, and other factors.

One of the biggest problems with timing the market is that you just simply can’t.

Why can’t you time the market? The problem why you can’t time the market is no one can know when prices have hit the absolute bottom until prices start going back up again, just like selling at the absolute top – you won’t know until the prices have already started to go down.

No one can perfectly time a market, but the good news is that having a real estate agent as your trusted advisor will be one of the best tools to help you find that ideal home with a great deal or on the selling side, get top dollar for your home with the right pricing and marketing strategies.

As a buyer, it is good to ask “Has the market dropped enough now to make a sensible purchase?” Likely yes – are you purchasing a home to flip it in the next year or two, or are you buying a home for long-term investment? Real estate is a cyclical industry and will always rotate from a buyer’s market to a seller’s market and keep cycling.

It is important to know that when real estate is held long-term, you are usually protected from short-term and cyclical changes.

You know the saying: what comes up, must come down and what comes down, must come up! (It’s science – Newton’s law!)

Please reach out with any questions. I encourage discussions on all things real estate. Happy to help, happy to educate!

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Chat soon.

Your local real estate agent, Nina