How is the market??
I get asked that question many times a day and my answer is…………….
It depends……..Are you buying?? Selling??? Or Investing??
Obviously, the answer is different for all. Unfortunately (or fortunately), no one has the “Magic 8 Ball” or can predict for sure. That has always been the case. The only constant is that Real Estate has always recovered and retained its value. The great thing about owning a Home is you can live in it, enjoy it, raise your family in it and you have the tax benefits,
One of the determining “market” factors is where you live or where you want to live. At this point the California Coastal Communities are holding their values much more than the Inland areas. If you are not looking to “flip” and want to live in it and enjoy it until the right time to sell and you find a HOME that you like and want to live in…….then this is a GREAT time to BUY!!!
Thinking of selling your home??? What is your motivation? Are you testing the market or do you need to sell? Right now…..”testing the market” is probably not a great idea. Pricing is the #1 key. The first two weeks are crucial!! If an agent or buyer thinks you are over priced….they won’t come back and will move on and you have lost your competitive advantage. EGO aside….how motivated are you? I know it varies in different areas, but I have heard sellers say “I’ll price it High and tell them to “make an offer”. The problem with that is…..buyers are saying “why bother”, I’ll look elsewhere. Please remember, when you are selling…..The Buyers determine the price. On a “positive note”, there are always reasons that people are buying and selling.
To name a few:
- Getting Married
- Getting Divorced
- Starting a family
- Expanding a family
- Empty nesting
- Job transfers
- Losing a loved one
- Increase in income
- Decrease in income
- And Many More!!
Thinking of investing??? Investors are back!!! This is a “shift” in the market!! If they are back, then they think…..like Warren Buffett and Donald Trump …..this is the Best Time to Buy!!!!
What do you think???? What have you experien
