Whats Up Now
My personal opinion you can buy today but do it carefully. What will be your costs to carry the property at todays interest rate, can the property stand on its own if it needs to become a rental. How old are the things that need to be replaced on the property, whats your budget. In order to sell right you need to buy right. The bubble buyers will start seeing foreclosures in 2024 and 2025. I'm basing this on the indicators, Click
The days are long gone for sellers to price their homes at pre sold 180 days data. Its over!!! If you're going to list, it needs to be about 30% to 40% below pre sold 180 day data,
as of 10-31-23. It's a limited buyers pool and you need to be rational when listing your property right the first time. Don't get stuck on data chasing thinking your home is worth 180 day data. I experienced the 1980's, I experienced 2008 and sellers were bringing money to closing, because they were upside down bubble buyers. I'm not going to lead you to think its a beautiful sunny day when I know different based on the indicators, Click
As a buyer's agent and a seller's agent my goal is to help you make rational decisions when the elephant is in the room. Buyer's, make sure you are safe, you may need to stay on the sidelines and hold off buying. If you do buy make offers within your rental budget.
Pig in the python, click
Text 435-753-4577
Seasoned Broker 41+ yrs
I'm a Not a NonTraditionalBroker.com
I'm an UnTraditionalBroker.com in an
alternative real estate marketing world.
You have options when selling your
home right the first time, in a
messed up economy.
Powell, not confident, indicator