In the case of real estate, these postulations are not as significant in the conclusion to time convinced markets as they may seem. At this time, the real estate market in many areas is deflating after a momentous period of positive reception and requirement. Purely put, this represents a buying occasion for the savvy consumer. So, should you try to remain and find the bottom of the current market? In my attitude, you should consider it.
Are you smart enough to do this? Yes. Most financial markets can be a bit multipart when you get down to the nitty gritty of the circumstances. The stock market is predisposed by a wide assortment of factors that would seem to make it virtually unfeasible to time price arrangements unless you have insider information. That being said, tens of thousands of day traders seem to be able to make solid profits doing it. If they can do it with stocks, you can definitely do it with real estate.
Will you miss the bottom of the market? Maybe, but I doubt it. The beauty of timing the real estate market is, indeed, time. Unlike stocks, real estate prices tend to move over slower periods of time. In a fast moving real estate market, you still will have a pair of weeks to appraise the price movements. Simply put, they do not move over minutes or hours but in easily exclusive trends. Even if you miss the absolute bottom as prices spring back, you should still get a very good deal compared to prices two years ago.
Monday, October 30, 2006
Should You Time the Real Estate Market?
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