Why You Shouldn’t Try to Time the Real Estate Market

Should You Try to Time the Real Estate Market? While it’s tempting to wait for the perfect moment to buy or sell, market conditions are always changing! Instead, focus on affordability, long-term goals, and your personal situation to make the best decision. Let’s navigate the market together and find the right time for you! #RealEstateTiming #KimberlyCrouchRealty #WilmingtonRealEstate #BuyOrSellSmart #MarketTrends #expluxury

Buying or selling a home is one of the biggest financial decisions you will make. It’s tempting to try and time the market to get the best deal, but here is why it is not always the best strategy and why you shouldn’t time the market. First, let’s understand what timing the market means.

Hi, I’m Kimberly Crouch with EXP Realty.

Timing the market involves buying or selling a property based on predictions about future market conditions. While it may sound logical it can also be challenging and fear driven. So, what do buyers and sellers look for when they try to time the market?

First they look at market conditions like inventory and mortgage rates. Predicting these changes accurately is nearly impossible as they fluctuate daily. Consider opportunity cost which is waiting for the perfect market conditions. This can mean missing out on great opportunities as you are waiting for the perfect real estate storm. For instance prices can go up as you wait for affordability.

Let’s say you’re a seller trying to time the market and wait for the market to peak for higher profits. If the market doesn’t behave as expected you could end up with a lower sale price and longer days on market. The same with being a buyer, trying to wait for the lowest price might mean higher interest rates later which could offset any savings on the purchase price.

So instead of trying to time the market, focus on these three things: Look for affordability to your financial situation. Also take a look at your long term goals. Think about how long you plan to stay in the home as real estate is generally a long term investment. Finally always assess your personal circumstances. Your personal situation and needs should take precedence whether upsizing, downsizing, or relocating. Remember the best time to buy or sell is when you are ready both financially and personally.

Trying to time a real estate market that is often volatile and constantly changing will most likely cause you more stress and missed opportunities. If you have any questions regarding the market to help make the best decision, please reach out to me. Working with a knowledgeable agent who can help you navigate the market conditions effectively is key! And will benefit you down the road with your investment.

I’m Kimberly Crouch with EXP Realty – authentic coastal luxury at every price point.