Why Buying Or Selling Now May Not Be The Best Time

 

The Market’s Hot, Gotta Get In Before I Get Priced OUT!  Right?

It’s A Sellers Market, Best Time To Sell, Right?

But If I Sell A Few Months Later, I’ll Make More Money, Right?

 

Buyers, I know what you’re thinking.  

 

It’s a seller’s market, it’s a bidding war out there, it’s too crazy out there, I should wait until the market slows down.  

 

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But, you do realize that if the market is going up 20%/yr, every month you wait, you’re going to be paying 1 – 2% more and for a $500,000 property, every month you wait, you’re going to be paying $5000 – $10,000 more.

In that case, buyers can easily get priced out of the market if they sit on the sidelines.

If you buy now, then at least you know that whatever you buy, it’ll likely go up.  

Will the market slow down eventually?  Of course.  

Will there be a correction?  Real estate runs in cycles, of course there’ll be a correction, but the question is when?

What if the market crashes?  The economic fundamentals aren’t pointing in that direction.  

 

Sellers, I know what you’re thinking.

 

The prices just keep rising, if I wait, I’ll make more money.  

 

What if the market slows down in the upcoming months?  Maybe I should sell now, but what if I can make a few hundred thousand dollars more if I wait a few months?

It’s a great time to sell now, there’s no inventory out there.  I’m going to make a killing!  

 

Ok, I’ll buy.  Ok, I’ll sell.  But when’s the best time?

I go into a lot of deal in my book, The Book on Vancouver Real Estate.  I wrote a blog post a while back that shared about this.  I also did a youtube video on this topic.  

 

At the end of the day, it’s all about when you’re ready to buy and sell.  I never pressure my clients to buy or sell if they’re not ready.  I value the relationship way more than getting them to do the deal.  There’s a lot of differing opinions out there, just because everyone tells you to buy, doesn’t you go out and buy.  Just because everyone tells you to sell, doesn’t you go out and sell.  Listen to your gut and take action when you feel ready.  

On the flip side, don’t use the “I’m not ready” excuse when you have a legitimate reason or need to buy or sell.  

What Our Clients Say

“I think Gary’s a very professional Realtor, that’s not just coming from me as a Mentor, it’s because I’ve worked with him, he truly cares about the client… You want to work with someone who is caring.”

I know so much realtor, but he’s the best one. Once I talk to him about the investment, he’s thinking, “Okay, this is the only person I trust.” Usually I just refuse to have any connecting with a salesperson or a realtor, but he’s only the exceptional one. Make friends with him.”

“It’s because of [Gary’s] knowledge, his insight, the way that he analyzes and he’s able to put real estate in perspective… he really is genuinely interested in me and what i’m looking for, that blew my mind… because he knows the market and he specializes in the luxury market he’s really able to provide that insight”

“The word professional sums up Gary, extremely knowledgeable… extremely honest, he didn’t sugar coat things… Gary will get it done, he’s done it for me, he’s done it for lots of people I know.”

Let Me Help You Achieve Your Real Estate And Financial Goals

Real Estate investing can be a long and arduous task. But it doesn’t have to be.

With my help, and my team, we’ll make sure the process is smooth, straightforward, and as simple as possible for you. As an award-winning REALTOR®, my team and I work with diligence to help you achieve your goals. We’ll deliver exceptional results with attentive care.

So whatever your real estate goals are, 
Let’s Make it Happen.

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