Why Buying Or Selling Now May Not Be The Best Time

 

The Market's Hot, Gotta Get In Before I Get Priced OUT!  Right?

It's A Sellers Market, Best Time To Sell, Right?

But If I Sell A Few Months Later, I'll Make More Money, Right?

 

Buyers, I know what you're thinking.  

 

It's a seller's market, it's a bidding war out there, it's too crazy out there, I should wait until the market slows down.  

 

But, you do realize that if the market is going up 20%/yr, every month you wait, you're going to be paying 1 – 2% more and for a $500,000 property, every month you wait, you're going to be paying $5000 – $10,000 more.

In that case, buyers can easily get priced out of the market if they sit on the sidelines.

If you buy now, then at least you know that whatever you buy, it'll likely go up.  

Will the market slow down eventually?  Of course.  

Will there be a correction?  Real estate runs in cycles, of course there'll be a correction, but the question is when?

What if the market crashes?  The economic fundamentals aren't pointing in that direction.  

 

Sellers, I know what you're thinking.

 

The prices just keep rising, if I wait, I'll make more money.  

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