Good Morning Everyone,
I read an interesting blog post this morning on Activerain and it got me to thinking that perhaps the subject was one I needed to touch on here. It is how an election year affects the Real Estate Market.
What I have observed is that it creates fear in both Buyers and Sellers. Now I admit, the past several years have also contributed to that fear factor but this year the Presidential Election seems to be creating more uncertainty than ever. Why, I am not sure. I think perhaps because the American people are so polarized on one side of the fence or the other and they fear that if their preferred candidate doesn't get elected the world as we know it is going to end.
The fact is that no matter who gets elected in November nothing is going to change quickly, particularly when it comes to Real Estate. The industry is still troubled and it is going to take a very long time for all the issues are resolved. The truth is Real Estate is an every changing industry. It doesn't matter who is in the White House, real estate values go up or down depending on the underlying economic conditions, interest rates, & inflation. No matter what happens in November one thing can be said with certainty, what is true today may not be true a year from today. If we have learned nothing else from the crisis of the past few years, we should begin to understand that nothing in this life is guaranteed.
Should that final statement affect your decision whether to buy or sell today? No, it really shouldn't, because whether the values go up, down, or stay the same, you will have made a choice that will affect the quality of your own life. What happens in Washington DC really doesn't have much to do with that one way or the other. Waiting could affect you more than making a move today.
Something to think about anyway. Have a great week!
Sandra Paulow, Associate Broker, GRI, SFR 928.242.0300
From Contract to Closing, "EXPERIENCE" makes the difference!
Success with Sandra!
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