Let’s talk about timing the markets. I think it’s a thought that sounds really good in theory, but in practice, it’s a little difficult.
So obviously, we always want to sell high and buy low. I think that’s kind of the idea that we all have when we are dealing with real estate. But think about the fact that that generally does not happen in the exact same market. So timing the market, I think, when you are buying not for investment, but for your primary residence, is almost impossible. Because to time the market well, you have to think about not only when you’re going to buy, but when you’re going to sell. And while that’s easy to do or easy to think about in terms of stocks, or investments, it is a little more difficult when we’re buying a home for maybe your family because if October turns into the month to sell, you have to then buy something else or have a place for your family to live.
So if you’re looking at buying a primary residence, I would suggest looking at that whole big picture and not worrying as much about timing the market because it will probably make more sense over time and less sense to try to target the exact buy date and sell date to make maximum profit when it’s your primary residence. So let’s save that for investments and for primary residence, we’re going to look at it in a slightly different way.
If you’re thinking about buying or thinking about selling, I’d love to talk to you and help you put together a game plan that’s going to give you that big picture to make it all make sense for you both for yourself your life, your lifestyle, your family and your finances.