Since the media, family and friends are helpful, easy ways to get information about the market, most people seem to rely primarily on this. However, are you getting the complete story? The full picture? The media reports with extremes, dealing with generalizations due to the amount of coverage they have to provided, and lets not forget their goal is to get your attention and create the number one station with shock and awe type news. I would not throw away these resources to gain perspective on the market, but I would caution you to use these resources in conjunction with the experts in real estate who have made this their life vocation, especially in the midst of such constant shifting in the market. Fear seems to be the number one drive amongst buyers and sellers today. However, this same fear has the very potential to make you lose out on an incredible opportunity in our market. There is always opportunity when there is a shift…you just have to identify what it is. Real Estate is a cyclical business. What goes down always comes back up. This is neither the first nor the last time. It is a myth to think you can buy and sell every 3 -5 years and expect to make an abundance in cash flow on both ends. This is a completely unrealistic expectation, and you will set yourself up for failure at this unattainable goal. The truth is real wealth comes from a combination of appreciation plus debt pay down. When selling right now expect to lose or break even, but then know that the seller will pass this savings on to you as well. The market expectation and perception have failed you. The continuous lie that society seems to feed us in all aspects is that you can get something great for nothing. This is not the rule to life, only the exception. The biggest gains are those held onto over a period of time. When to know when to buy: Establish on a sheet of paper your wants in one column and your needs in another. When you walk into a house, go over this list and see if it fits. Then imagine that someone else came right in and bought it right then and you had to go on your way and look for something else…Can you live with it? Would you rather I'm glad I did buy or wish I had? Waiting for a home to drop is the biggest mistake. It usually will either be picked up by another buyer or the 10-20k drop in price will be eaten up by the shift in interest rates that are volatile right now.
About Hillary Ulrich:
Is service a thing of the past? I am here to bring true service back to the DFW Metroplex. I grew up in Dallas and attended TCA. I am a graduate of Texas A&M University and am part of the HomeCity family. I bring personalized hands on service that goes unmatched. I make sure my clients feel as if they are my only client. I know that giving a 110% means nothing if you don’t end up with the home that is right for you or sale your current home. My specialty is matching you up with that perfect home. I work with both buyers and sellers, and I enjoy both sides of the transaction because both allow me to utilize my strengths of persistence, reliability, integrity, and negotiation. I am dedicated to providing exceptional service for a greater purpose.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
