Are you Stuck in Analysis Paralysis?

Yes you the guy sitting on the fence! And You with the overpriced listing sitting in the corner! Are you over analyzing what is happening in the Western New York Real Estate Market?

There are some general rules that if you follow when making a decision to or Real Estate in Western New York that you use to ensure that you make a sound decision. What do we mean by this?

Read Also: Choices too much for today’s WNY home buyers?

These are things to think about when you are trying to decide if now is a good time to purchase a WNY home or is it time to sell your Western New York home.

Get with the times!

Western New York Seller’s tend to be 6 months behind what is going on in the market. So make sure that you always look at where the WNY market is headed, not where it has been.

SOLD Highest Price LEAST Amount of Days on the Market is your goal!

Take off the rose colored glasses!

Seller: You need to look at what is really going on in the market. Not what you think is going on, but what really is! Look at recent sales. Make sure that you are the best property in the bottom 25% of those listed.

Buyers: You are not going to get a 4 bedroom, 3,000 square foot home on 2 acres for $50,000. Get off the Fence! Buyers stop waiting for the market “to hit bottom”!

Well think about the possibility that you could end up having to purchase less of a house because interest rates go up when you perceive that the market has hit the bottom. If you are qualified, ready and able, plan on keeping your home 4 or more years – it is time to get off the fence and purchase that Western New York home!

Reality Check For WNY Real Estate!

Been on the market for 3 months with no activity? Cut your asking price and get your !

Have a Plan! It doesn’t matter if you are buying or selling Real Estate in the WNY area, make sure that you plan for the worst case scenario. Can you really afford to purchase a WNY home now? Are you stretching beyond your means?

Read Also: Preventing Costly Home Selling Mistakes

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