September 8, 2009----Stock traders say it, books are written about it, consumers think it, and everyone hopes for it. What is it? Buying when the market it at the bottom. How do you know? Is there some big flashing light that you might have missed all these years? Maybe it's that 20 year old kid who wrote about making millions in Las Vegas. Stop dreaming, stop procrastinating!
It's easy to figure out when to buy. Real estate is, in a normal market, an appreciating investment. Louisville, Kentucky has shown us over the years it is a very stable area. But, if you are looking to buy, you should greatly consider buying now, or soon. We know that our market is down, yes, but do we know if it's on the upswing yet?
When do you know what the bottom of the market is?
When it is on it's way up.
It doesn't make much difference then, if you are planning on living in the home for 5 years+, to buy the home on the way down or on the way up if it is at, or near, the bottom. These two points in time are the exact same.
Look at the image below. Would it not benefit you the same to purchase the home at point B as it is to purchase it at point Y?
RE/MAX Associates- Louisville, KY