So, you're finally ready to take the plunge and buy your first home! Congratulations! This is a huge accomplishment, and there's a lot to think about before you get started. In this blog post, I
Timing the Market Vs Time in the Market
Dated: January 31 2023
Views: 94
I've been hearing a lot of buyers talk about timing the market....
and yes I totally agree the market has ups and downs
But that perfect timing for the bottom is typically something that happens three or four months in the past, so by the time you actually pull the trigger its already too late!!! and even if you do know the bottom, you will likely lack the courage to act !!! and that’s not because it’s something that you’re doing wrong it’s just human nature. the headlines, the news and everything being put out by the media at that time will be so bleak. The last thing that you’re gonna want to do is step in and make a purchase in reality. What happens is most people miss the bottom, and instead those people that are trying to time to marketing typically buy on the way back up, so they don’t get those deals that they’ve been waiting for. However, the opportunity to buy when its right for you, and stop paying those all-time high rental rates that equal to throwing away money instead of building equity in that new property. The far better strategy then "TIMING THE MARKET" is "TIME IN THE MARKET!!!" We don’t know what’s gonna happen in the future, there are so many variables. What we do know one thing for sure, the longer that you hold real estate as an asset the more likely you are to experience great returns.
Get into the Market when the time is right for you!!
Rebecca April
Leveraging over 20 years of real estate experience in the vibrant Okanagan market and a profound background in interior design, I am deeply passionate about transforming your property aspirations into....
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