Secrets for Timing the Real Estate Market

There is more to real estate market timing than adhering to the principle of buy low and sell high, but many buyers and sellers seem confused.

I've always wondered why buyers wait for a seller's market. Why do they want to frantically scramble to outbid each other and snatch up limited inventory by paying over market? Yet, when market conditions actually favor buyers, so many seem to adopt this sit-back-and-wait attitude. What are they waiting for? They're waiting for the market to further drop, as though they possess a crystal ball on which hyper-hysterical headlines scroll.

When the market falls, it's time to buy. The question isn't whether you'll get a good deal. The question is how good of a deal will you get?

Sometime around late summer of 2005, investors left the marketplace as prices headed south. But guess what? They're back, and they're striking incredible deals. Buyers should be out in groves instead of lurking behind indecision. Because the market will eventually turn back into a seller's market. It's how the market works, in cycles. But don't take my word for it. Here's an explanation of how billionaire tycoons time the market. The first thing you do is . . . read more

More Articles by Elizabeth Weintraub, click below:

• Best Time to Buy a Home
  
• Should You Wait to Buy?
  
• Before Buying a Short Sale

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