I have been thinking about this today. It seems that we (or I) am typically right behind the ball - lagging a few steps behind - when the real estate market goes up or goes down.
For instance, we sold our home in California in 2000 as the market was going up. "If" we had stayed six months longer, we could have sold it for more, and then you know what happened after that.
Then, we moved back to Arizona and waited for a year and a half to decide just where we wanted to build a home. If we had purchased immediately.........well, you get the idea.
So, in 2002, we did purchase our new home, had it built and moved in on November 22, 2002. We did GOOD!!!
During the next two/three years, we could have bought, sold, bought, sold and made more money, BUT I didn't know that so..........we didn't.
NOW, I'm looking at the market and thinking to myself. Okay, "they" say the market will correct itself beginning in 2009. If that's the deal, then 2008 will be a GREAT time for buyers to buy a home. Otherwise, they will be competing with all of those jumping on board in 2009!
Now, how's that idea sit with all of you? Think 2008 is a GREAT YEAR TO BUY A HOME?
Thinking of moving to Mesa, Arizona? For new construction or resale, stop by www.TeriEllis.com or call me at: 480.216-3334 for Excellent Customer Service - Always!