I interact with a lot of buyers and sellers, and these days the future of real estate is always a topic of concern. Is now a good time to buy or sell, are we heading for another double-dip, are home prices going to fall lower, etc. While I don’t have all the answers, if you have to make a move, then try to minimize your worry or concern about the future and try to keep a realistic perspective. Since you need to act in the present, looking too far ahead can hamstring you or backfire.
If you are a buyer and you need to make a purchase, then stay focused in the present. Preview homes with an eye to your wants and needs of a new home. If you allow too much concern about the future to creep into your mindset, then a perfectly good home at a good price can slip away. The haze of worry can cloud your judgment and you will not make the offer on the very home you had been looking for. You will then proceed to go looking at home after home, week after week, month after month, trying to find it again, all the while looking back in regret at the missed opportunity.
If as a seller you prolong or put off listing your home, waiting for better times, you may actually miss that ideal window. If you need to sell, the same advice of focusing on the present is best. If you worry that your home is not worth as much as it was, that is not useful to you now. No one’s home is worth as much as it was here in South Orange County five years ago! What is useful is how do you get the best price right now!
I am not saying don’t take the future into account. What I am saying is put it into its proper perspective. You have no control over the future. What you do have control over is what you do right here and now. So prioritize your wants and needs and take positive action in that direction.
I am very good at helping you plan and strategize in achieving your real estate goals. Together we can make it happen. Give me call 949.525.5905.