Last week on the Today Show, during a segment on the national real estate market, CNBC’s Jim Kramer uncompromisingly stated, “now is the absolute worst time to buy!”Concerned that remarks such as these from so-called experts might be pushing potential buyers to the sidelines? Here’s what Gary Keller, co-founder and chairman of Keller Williams Realty has to say about waiting out the current market :
First, residential real estate is not a national market product — it is a local one. To say from a national position that this is either a good time or a bad time to buy real estate is like saying the national forecast for the U.S. today is 92 degrees — it is a useless and irrelevant perspective. What is happening in your local market is all that matters.
Second, trying to predict when it is a good time to buy, or not, means you’re trying to time the market. Staying on the sidelines is the surest way for most people to never time anything correctly.
Last, and maybe most important — there are always two markets in every market. There is the market of properties that are good buys and there is the market of properties that are not a good buys. Tami Winbury at Keller Williams Realty will help you find the Right Home for You and Your Family! She specializes in working with Buyer, Sellers,Short Sales and Foreclosures.
Interestingly enough, this is true in either buyer or seller markets. To categorically say that this is the time to buy or not is absolutely ignoring the fact that every market really has two markets inside it.
Have you been watching the news about real estate? It is crazy with all the "sky is falling" discussions around foreclosures and short sales out there. When it seems that the real estate market cannot get any crazier, it does.
With this continuing media frenzy around the real estate market, I want to remind you that the most important real estate market is the street where you live. If you are curious about what is happening on your block, please give me a call so I can give you the numbers that are specific to you.
Generalizations about national and even local real estate trends are difficult to translate to your home. I am happy to help you make sense of it all and forget the hype.
http://www.venturacountyhomesforsale.net/
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