Question Details

Keith Gibson, Real Estate Pro in 76107

When is a good time to buy or sell?

Asked by Keith Gibson, 76107 Mon Apr 28, 2008

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5
Motivation and risk level as it relates to local market conditions.
0 votes Thank Flag Link Tue Apr 29, 2008
Keith
Answering your own post is tacky.
I would re-think strategy.
0 votes Thank Flag Link Tue Apr 29, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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I believe is based on the market for the given area. Here in Dallas real estate markets we have certain areas that successful in sales 365 days out of the year, vs. other areas that are only good for sales during the busy months April ~ July.
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0 votes Thank Flag Link Tue Apr 29, 2008
It depends on the reason behind the motivation for buying or selling. If someone is trying play the real estate investment game then interest rates, unemployment figures, government regulations, qaulity of life standards, housing supply & demand figures all become deciding factors on the decisions to be made. Also, when picking a home to buy for ones homestead local info should be taken into account as well. Remember real estate by nature is local and a long term investment, and can be risky when chasing short term profits. Sellers need to take into account local market conditions as well as lending practices & interest rates when pricing their property. Trying to get more for a property than the market will bare will only cost the owner time and money. Call me today and let's talk real estate!
0 votes Thank Flag Link Tue Apr 29, 2008
Keith,
It is always a good time to buy or sell when you need to buy or sell. Most of us never (or very rarely) have the ability to time our transactions.
0 votes Thank Flag Link Mon Apr 28, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
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