Timing The Market

By
Real Estate Agent with Coldwell Banker Los Gatos

DISCLAIMER: The information contained in this blog is my personal opinion. This information can not be considered as legal or financial advice nor should it be relied upon as legal or financial advice.

On October 15, 2008 the International Monetary Fund issued an economic forecast for the United States.  They said that we are in a recession now and that we would not see any growth until mid 2009.  There would be no growth to the end of the year and that in mid 2009 we will begin to see small gradual improvements in the economy.

Many buyers attempt to "time" the housing market and try to buy a home at the bottom of the market.  This is very difficult to do.  I look at it this way.  Say a car dealership wanted to generate some excitement and get people to buy cars.  They would place an ad in the paper advertising a sale of a popular car at a rock bottom price.  When people arrive to look at the car they find that the car has already been sold. This is because in small print in the ad, it said that there are only 1 or 2 at this price.  The buyes are disapointed and they either leave the dealership or buy something else. 

Attempting to buy at the bottom of the housing market is like going after the 1 or 2 cars, most people will be left out of the deal and end up leaving the market or buying something else at a higher price.

My advice is to look and look and be very selective on the area that you want to live in.  The location, location, location principle applies here. You want to spend the next few weeks and months looking for a good value and then make the decision to buy.  After you buy expect the housing market to fall further, that's ok, whether the storm and believe that there will be better days ahead.  You bought a home that you want to live in and enjoy the neighborhood.  The timing thing maybe ok for a day trader that wants to time the stock market, but not for a "real" homebuyer.  Real homebuyers understand that in the longrun price will appreciate.

For in-depth San Jose, California Real Estate market research:

 http://www.asanjoserealestateagent.com/Real-Estate-Market-Research-San-Jose.htm

DISCLAIMER: The information contained in this blog is my personal opinion. This information can not be considered as legal or financial advice nor should it be relied upon as legal or financial advice.

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Topic:
Home Buying
Location:
California Santa Clara County
Tags:
advice
buyer seller
san jose real estate agent
timing the san jose housing market

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Dan Pizano

San Jose Realtor Real Estate Agent
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