Is it too late to sell?
When to buy and when to sell, those are the most important questions facing the real estate investing market. Some people are content to be in an economy when it’s obvious what to do – if prices are high, sell; if prices are low, buy.
But sometimes you find yourself in this kind of economy, where prices fluctuate and nothing is certain. So what do you do?
Take the latest reports as an example. Home prices are up 2.7%. So now what? Is it too late to buy? Is it too early to sell? Luckily for all of you out there the “experts” are totally split on the issue. Some are predicting this to be the final upturn of the market and prices will continue to rise gradually until one day we’re at pre-recession levels. Others think that this is just another “up” in a long series of ups and downs. Here’s how the story plays out according to them:
- Shadow inventory gets used up
- Supply drops
- Prices increase
- People get excited, begin to sell
- Supply increases
- Prices drop
So it’s a bit of a cat and mouse game, constantly chasing the “perfect time” to make your move. But let me tell you a non-secret. There is no perfect time. Every move takes some risk. Every sale is taking a chance. But the secret to good investing is to make a move when you see an opportunity. Don’t wait for someone else to beat you to it. Get prepared now, put yourself in the right position to make a move and then do it. Act! Take a risk and take your payout.
I can’t stress this enough, get the training, resources, and information you need now before it’s too late to act. Then when you’re ready you won’t just see opportunities – you’ll make them!
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