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Mike Cooper's Blog

By Mike Cooper | Broker in Winchester, VA

Never Try To Catch A Falling Piano!

Never Try To Catch A Falling Piano!

When I was a pattern day-trader, I had a saying that is relevant to real estate as well.  I always said, "You never try to catch a falling piano."  Why?  I think it's obvious that your chances of survival are very low.  My wife has a baby grand piano sitting in our living room, and I can tell you from experience, it's really heavy. 

The same is true in real estate.  A lot of would-be buyers are sitting on the sidelines waiting for the bottom.  That's where my old piano saying came from.  So many traders were sitting around waiting for a stock that had taken a hit, for whatever reason, to hit bottom.  Normally, by the time it hit bottom it took a big bounce back up and they missed it.  I saw it over and over.

Housing prices are currently hovering around 2000 real estate prices.  Interest rates are also at a five decade low.  How much lower can these two go?  Not much.  I've seen real estate in my community drop 50% in some areas, and even further in others.   Most local areas have fallen 20-30%.  There is a good chance they are near, or at bottom. 

So, before a piano drops on you, get involved and buy that dream home that you've been driving past all year.  It may be at the bottom, or it might drop another .05%, but I can almost guarantee if you're watching it, so is someone else.

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Give me a call for all your real estate needs, and let's make something amazing happen. 

Mike Cooper @ Cornerstone Business Group, Inc., 888-722-6029

Real Estate Sales and Property Management


(Disclaimer:  All grammatical mistakes, punctuation breakdowns and misspellings are purely for your amusement and entertainment.  Feel free to cackle.)

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