It never ceases to amaze me when I hear clients talking about "I'm just waiting for the exact right moment" or "I'm certain the Fed is going to lower rates further." Gary Keller does a wonderful example of how most people miss out when they are timing the market.
I recently attended a "Shift" class with Gary Keller (Founder of Keller Williams Realty), He did this wonderful demonstration with his hand. He starts way up and then begins to lower it slower and slower, saying to us, "tell me when I've hit bottom," then all of a sudden his hand jumps back up. That's what happened to rates last week.
If you're one of those people who are just waiting in the wings for the market to hit bottom, you're missing out. Sure, prices in the Pierce Co. market have declined 14% overall in the past few months, but activity--particularly for first time home buyers--has picked up by 25% in the first quarter, making up 51% of the Buying market out there. If you're in that demographic, you've got stiff competition right now. Not only do you have stiff competition in the lower price ranges, you're losing out on inventory as the interest rates rise--They jumped up a point within the past week!
If you're sitting on the fence right now, jump off! Get in the game! Don't lose out on this market sweet spot. Contact me today, and we'll get started in the process. I'm here to help :)
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