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Can You Predict The Right Time To Buy/Sell Real Estate?FridayswithFred

By
Real Estate Agent with Fred Sed Group ~ Your Premier Southern California Realtors CA BRE #01423187
 

If you’ve been following the real estate in the last year one question that you may have is if it’s possible to “predict” when it’s the best time to buy or sell a home.

The answer to this question is no. We can’t predict when it’s the best time to buy or sell a home because nobody can see into the future and tell you when you should make your move.

All you can do as a buyer or seller is to identify when is the best time for you to buy or sell a home based on your personal situation.

How to Identify When It’s The Right Time to Sell Real Estate 

When it comes to selling a home, the most important thing that you must do is identify how much money you want to net for the property and have a plan in place for the proceeds of the sale of that property after you sell it.

Before selling a home, you should obviously be aware of the condition of the Real Estate market and find out if it’s a buyer or seller's market. You should also review mortgage interest rates to determine if rates are still low because when combined, these two factors are often major indicators of the strength and direction of the Real Estate market as a whole.

When Is It the Right Time to Buy A Home?

Some of the things that you should do to identify if it’s the right time for you to buy a home include asking yourself if you’re financially qualified, do you have the down payment ready, are you able to get a fantastic interest rate on a mortgage loan and is your employment situation steady?

If all of these answers are positive then you should have confidence that it’s the right time for you to buy a home in Southern California or another location nationwide.

It’s A Case by Case Situation

Although the Real Estate market has been hot in the past, the reality is that today’s Real Estate market is balanced and has a mix of both buyers and sellers. With normal market activity, anyone who wants to enter the market should realize that there isn’t a “crystal ball” that will predict where the market is heading and they should base their decision to buy or sell a home solely on their personal financial situation and goals.

Contact the Fred Sed Group

To learn more about if it’s the right time for you to buy or sell a home, or to view homes for sale in Southern California, contact the Fred Sed Group by calling us at (800) 921-9231 or connect with us online.

 

 

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