Waiting For The Election Before You Buy?

By
Real Estate Agent with Keller Williams Realty

A strange phenomenon that occurs during presidential election years is people who wait until after the election to purchase or sell a home.  The logic behind the wait is to "see what happens".  Though it is understandable that there may be a shift in the market one way or another due to a presidential candidate, it might not be a good reason for waiting.

Consider this:  Even if we find out that a particular person will become President in January, we know that there will not be any policy changes by their administration until that time. We also know that most political change takes time.  Many changes that Presidents make aren't felt until the next administration.  Therefore, if a buyer or seller is worried about what will happen in the next few months while they are purchasing or selling a home, there is probably little to worry about.

We will see many changes with whatever administration takes over in Washington in a few months, but a buyer or seller of today shouldn't lose too much sleep over it.

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Bill Kennedy

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