Buying Market Trends

Patience, Trust and Timing

A little patience can bring great rewards in real estate, but it can be hard when emotions are flying high and money is involved. Trusting your own instincts and keeping to your goals and knowing when to jump in and when to hold back will usually brings the results you desire. If you miss out on a property, it doesn’t mean there won’t be another just like it or better. And yes, even in this market, buyers are missing out on properties. I think it is especially true right now that timing is key. Prices are getting to the point where buyers are jumping in, so you need to be ready to act, especially in the lower price ranges of single family homes in my area of service ($400,000 to $700,000). Buyers have already seen what is on the market and are keeping an eye to the new listings that are usually better-priced than those that have been on the market for some time. Listings are off the market sooner. Does this mean the inventory is coming down in my area? Yes. Does this mean that the free fall of prices has slowed and stopped? Yes. Does it mean that we are at the bottom? Not sure, but we are definitely at a plateau. Is it the right TIME for me to buy or do I need more PATIENCE? My answer…..TRUST your own judgment and stick to your goals.

Jackie Gibbins, First Team Real Estate, 949.525.5905

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