Buy low, sell high is something we've all heard before. It's something we all plan on doing. So why is it that few are engaged in the process? I can tell you in one word.
Fear, that big, fat, ugly four letter word.
When you listen to the news today, it does make you fearful to not only buy, but just even look! So why don't we take the emotion out of buying, and look at it like any business man or woman would look at any buying decision.
Well, when it comes to making business buying decisions, I can't think of anyone more qualified to give advice on this subject than Warren Buffet. 
So here are some quotes that Warren Buffet said about how he invests:
• We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
• Risk comes from not knowing what you're doing.
• Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
• Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
• A public-opinion poll is no substitute for thought.
Let's look at what the following:
• We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. I think it's fairly safe to say that a couple years ago many people were being greedy. Buyers should have been fearful at that point! Today most people are fearful. So what do you think Warren Buffet would do.....Bingo! Be greedy!
• Risk comes from not knowing what you're doing. This is where having a Realtor is essential. Realtors can provide you with Information! And that information can help you minimize your risk. With access to market information, you don't have to take someone's word that you are getting a great deal.
• Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years. Buy for investment, not for speculation. If you are buying on speculation, you are gambling with large stakes. You might as well go to Vegas and really enjoy yourself.
• Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. People will make money in any market. You need to figure out if it will be you.
• A public-opinion poll is no substitute for thought. This is my favorite of the bunch! Don't let the media do your financial planning!!! Work with your Realtor to become educated. Then make smart decisions for yourself.
Remember, sensational stories sell newspapers. The market is correcting and in the words of Martha Stewart, that is a "good thing". Work with a professional Realtor to gain the information you need to make a Fact-Based (not fear based) buying decision. You'll be glad you did.
Pam Pugmire
Your Idaho Real Estate Professional
Serving Boise, Meridian, Nampa, and Eagle Idaho
Search for Southern Idaho homes for sale
Call or text me at 208-921-4800
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