Guide To Seattle Real Estate

A few days ago a first-time buyer posed this question. “When is the best time to buy?” She wanted to know when the housing prices were going to be steady and not in risk of falling. The Seattle Real Estate market has held out so far but no one has a crystal ball. Whenever YOU are ready, is the correct answer. Now there are a few caveats to this answer, of course.

No one can be sure what the market is going to do next. We always hear about the people that “gamed” the real estate market. They were smart and bought at just the right time and made a fortune, Right? What we hear are the anecdotal stories that our friends and connections tell us. Notice that the only stories that people tell are of tragedy or great success. No one talks about everything in-between. Just like the news we only remember the extremes.

It is better to be apart of that in-between realm rather than risk trying to “game” the market and lose. As long as you choose the home you buy wisely, and one that you can afford, you will be just fine. Especially for first-time buyers, buying a home can be a complex and scary process. Buy when you are ready, not when someone tells you that “The market is hot” or “Better move now before you miss out.”

Even a broken clock is right twice a day. The real estate agents that are always saying than “Right now is the best time to Buy or Sell” are just that, a broken clock. They have a 50% chance of being right over the long run. The “Bubble heads” that are always talking about the impending doom of the real estate market, have been talking about the bubble for years. Way before our current expansion. If everyone would have listened when the Bubbles first started talking about the bubble they would have missed out on the great gains in the market.

If you buy or sell when you are ready and make good decisions based on which home you buy or how you present your home when selling, you have a much better chance of being “right.” If you are your own clock, you can be right all day long:)