Time the Market? Why not Time Your Life Instead?

By
Industry Observer

Time the Market?  Why not Time Your Life Instead?

There are lots of real estate professionals trying to convince potential home buyers that now is the time to buy.  They typically cite home price trends and mortgage loan interest rates, along with a suggestion that timing the market is difficult and usually not productive.  While I agree with much of what is published, there is one important question I would like to ask.  So what?

People considering buying a home, either a first home or one to replace a home that no longer suits their needs, are consumers.  They are not traders looking to maximize an investment play.  They are consumers thinking about buying something they will use to improve their lives and the lives of those they love.  Why do so many of us sink into economic explanations of why they should buy now? 

If you're a consumer who is thinking of buying a home, the only good reason to buy now, last year, ten years ago, or ten years from now is that it will make your life better.  If you have the economic capability of making your life better, why wait another day?  Are you afraid you might have a better life for too long?

Even if you get a bad deal on a good home, you can make up the loss by finding a way to increase your supply of money.  Maybe a second or better job, maybe win the lottery, maybe sell the kids to the Gypsies (yes I'm kidding about the kids).  On the other hand, how are you going to replace the day or month or year you lost while making a decision to upgrade your lifestyle? 

 

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Minnesota Dakota County Apple Valley
Groups:
The Lounge at Active Rain
Chicagoland and Northern Illinois Real Estate
Bananatude
Minnesota Real Estate
Bartender, Make it a Double
Tags:
market
lifestyle upgrade

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
305,262
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Seriously, Mike!  People add stress to their lives by waiting.  It's the not knowing or lack of action that makes people become worried.  Just move, people!

Nov 12, 2011 04:31 AM #1
Ambassador
3,159,147
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Powerful message.  Why wait to improve your life?  Why put it off one more day? 

Nov 13, 2011 02:57 AM #2
Rainmaker
522,372
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

It seems that too often, both real estate professionals and their clients lose sight of the primary reason people buy homes. 

Nov 13, 2011 03:47 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
522,372

Mike Carlier

More opinions than you want to hear about.
Everyone has opinions -- what's yours?
*
*
*
*
Spam prevention