First of all–Happy New Year to all! I hope you all had a great holiday and find yourselves refreshed. My holiday was hectic, but only because we were blessed with too many friends and family to see in a short time. It was great fun to reconnect with many folks I hadn’t seen in ages–some, in years.
One topic of conversation that came up time and again with friends and family over the break was, “I want to buy a home, but I’m playing it smart and waiting to time my purchase at the bottom of the market.” Well, I’ll tell you, just like I told all of my friends, it is completely impossible to “time” the market. I don’t care who you are, it is impossible (unless by complete accident). Here’s why: the only way you will know that the Pierce County real estate market has hit it’s lowest point is when the market starts to go back up again, right? At which point, it is now no longer at it’s lowest point and you are riding the curve on the upside!
So what should a smart buyer do? Well, as Gary Keller, founder of Keller Williams says, “There are always two markets inside every market: there is the market of properties that are good buys and there is the market of properties that are not good buys.” Sounds painfully obvious, doesn’t it? But many of us get caught up in “This is a buyers market” or “this is a seller’s market” and forget to remember that great buys (and horrible buys) exist in EVERY market. Don’t sit on the sidelines, waiting for the perfect “time” to buy…. instead, be smart and keep an eye out for the perfect property to buy. If you know your area and stay on top of current listings (or have an agent who does), you WILL find that amazing deal–no matter the “timing” of the market.
Here’s to a joyous and successful year for all!
