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60163 : Real Estate Advice

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  • Home Buying1
  • Home Selling1
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Activity 3
Dan Tabit, Real Estate Pro in Issaquah, WA
Mon Mar 17, 2014
Dan Tabit answered:
Norm,
The accuracy of forecasts gets lower the further out you forecast. A weekend weather forecast is more reliable than one 30 days out. The same is true for forecasting the Real Estate market.
Assumptions must be made and if the assumptions are true, the forecast will be pretty good. If they are wrong, then no one knows.
For example, we've seen a general positive trend for many months in most markets. As long as things stay the way they are, it's reasonable to assume Summer of 2015 will be fine What if, however the election this fall changes things, Russia and the US get more intense over Crimea, a terrorist event occurs somewhere, a major scandal breaks out in Washington DC, etc. I hope you get my point.
If you can't sell until next summer, there's little knowing where the market will be then will matter. Either it will be okay or it won't. If you could sell sooner, you can decide that summer of 2014 is good enough, or in the fall or maybe right now.
Anyone telling you anything with certainty either has a time machine or is guessing.
... more
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Kimberley Pe…, Real Estate Pro in Glen Ellyn, IL
Fri Nov 8, 2013
Kimberley Petersen answered:
As a local expert in the Berkeley Market. I would feel comfortable saying that we will likely see price increases, in a healthy manner. without knowing any exact details it is hard to give a true answer to your question. I would be glad to take a look at the property for you though. ... more
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