But for who?

I want to share a quick perspective from both a boom and bust housing market. Every one of us likes to take a logical prudent approach when it comes to buying or selling our home.

It is understandable because it is a HUGE purchase and there are a lot of things to consider. But when it comes to real estate, in general, many people just treat it differently than other big purchases. For instance, we witness over the last 8-9 years a heavy boom toward runaway housing prices. Every stakeholder involved couldn’t justify the values of homes and the appreciation rate.

However, everybody went along with it and we were just seeing how this is going to play out. Logically we all said the fundamentals didn’t make sense but that is what happens in Real Estate.

Now, I am not saying we are in a bust, however, here is what happens when we are. We see homes take longer to sell, homes prices start to decrease, incentives start being offered to buy a home, etc. Now here is the paradox… when the housing market gets a little soft home buyers back away but when home prices are soaring home buyers jump in. What a paradox and it’s just weird.

 It is comparable to the day after Thanksgiving Black Friday. In many retail stores, everybody runs into the stores when there are sales and big savings. Imagine the store manager announced on the intercom – we have more inventory in the back that we are bringing out and reducing the price. Would that make everybody excited and stay or would they all run out the door? In real estate, they all run out the door. It is crazy!

My main point is this, buying or selling your primary home should be done when it makes sense for you and your family’s needs. When your finances and life say it’s time. At that moment it doesn’t matter what is happening in the market you can navigate through it and meet what you are trying to accomplish.

The most important thing at that time is, what’s your game plan? I started by saying that this real estate market is creating problems. The biggest problem it creates is it puts people in a frozen state, it puts you into a “we are going to wait and see what happens”. I understand the concerns with the unknown.

However, if you gain some clarity on what you want your housing to look like, create a plan, what are the hurdles for you, & keep refining it… things will become noticeably clear.

That’s not only a good feeling it’s something you can run with.

Explore the “2nd Story Process: @ www.joeduenas.com