It's A Great Time To Buy A Home. It's A Great Time To Sell A Home.
Remember that awesome band, Creedence Clearwater Revival? Well, one of their big hits, Who'll Stop the Rain comes to my mind when I hear all the conflicting news reports from all aspects of media 
regarding the housing market. I have to borrow a line from that great song, "Clouds of mystery pouring Confusion on the ground"...
Following is a great blog from Lenn Harley.
IT'S A GREAT TIME TO BUY, I MEAN SELL. I MEAN. . . . . .
"It's a great time to buy a home."
About two minutes later, we hear, "It's a great time to sell a home."
I have a real disconnect with conflicting claims.
A good time to buy is when prices have been dropping due to verying market conditions, some of which we cannot control, like government policy.
A good time to sell is when prices have been rising due to verying market conditions, primarily a healthy national economy.
I concluded years ago that predicting the real estate market is like shooting a moving target. It's not easy. Takes practice, practice and more practice. It takes the proper tools. It takes time. That said, while I'm comfortable with an confident that I understand the real estate market, advising consumers about future prices is very risky.
I can shoot a moving target. However, I wouldn't predict the real estate market.
Predicting the real estate market is the job of certain economists, pundits and prognosticators. When was the last time you heard one that got it right? I can name one who is good for comic relief.
Have you ever been asked by a buyer, "What will prices in this area be in a year or two?" Well, if you're smart, you simply give that consumer the present day market stats. If they're able, they can extrapolate present value to future values if they know the trends.
My response to clients or customers who want me to predict the future value is simply, "That's above my pay grade."
This is not a simple matter. We agents and loan officers are captives of a market over which we have little control.
All we can do it work hard for each customer and client that engages us and stick to the facts.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, serving home buyers in Loudoun County VA.
_______________________________________________________________________________________________________
Want to learn more about Loudoun County, VA? Join Loudoun County, VA on Facebook!
Comments (0)Subscribe to CommentsComment