After 10 years of selling real estate, this is my second buyers market.
The major difference is that technology has come a long way in helping to educate consumers, and keep them informed. One month after becoming licensed, the MLS system upgraded from three-ring binder notebooks in individual real estate offices, to a computerized system where every broker could input listings, and the information could be accessed by any member of the MLS. Wow, what a concept!
However, the thought of using a computer every day was unimaginable to many agents, and several left the business. I had a background in technology, so I welcomed the change. Having everything systematized meant accessing the data quicker, and also being able to provide the information to consumers quicker.
Even when I purchased my first condo, I tried to convince many of my friends to buy homes. Many were fearful, but a few did decide to buy. As the years went by, and property values increased, a lot of us reaped the benefits of buying in a buyers market.
Timing the real estate market is like playing double-dutch jump rope. Two ropes constantly go around, and you have to time it just right so that you know how and when to jump in. I remember how frustrating it was when I was learning, but once I got the rhythm, it was easy to learn when to get in, and when to get out.
Are you going to be one of those people who buys in a sellers market, and sells in a buyers market? You don't have to be. As your real estate guide, let me help you learn how to time the market so that you know what to expect, and how to use different sources of information to make wise decisions about your future.
Next week, I'll show you where to look to help you time this real estate market, and markets throughout the country...so stay tuned!