In today’s real estate climate this is a question that is on
everyone’s mind; but if you have been around for a while you would know
that this is the same question that is on everyone’s mind all the time.
It is pretty easy to say you buy when the price is lowest and you
sell when the price is highest, now that was simple. Of course who will
you sell to and who will you buy from if everyone subscribes to that
mantra.
Most people make real estate decisions based on need. Questions like
what do I need now and how will this improve my quality of life dictate
many purchase and sale decisions. In many cases the real estate climate
plays only a small part in the decision.
An apartment may be too small, a new child is on the way, a recent
marriage is making things crowded; these may all be reasons for that
first purchase. Maybe the starter home is getting cramped and you need
more space, a good reason to sell. A recent pay increase may create the
opportunity to explore a larger home, selling and buying. A job transfer
or a decision to retire may be a great reason to explore options
elsewhere. On a daily basis buyers and sellers make these decisions and
come up with the right answer to the question; today is the best time
for me to buy or sell.