There are a lot of factors that can impact real estate trends, including the time of year. The market’s ebbs and flows are often dictated by the seasons: For instance, summer months might be busier than winter, while the winter holidays can lead to a slump in sales, or the inverse, depending on the type of property or region.
As a real estate professional, you need a firm grasp on how the changing seasons impact your local market. Here’s how the experts of Forbes Real Estate Council, including ACME’s Courtney Poulos – recommend taking advantage of the current time of year when handling clients and investments.
There’s Never A Wrong Time To Buy, Only Sell
Our brains are so fascinating. Most buyers wait until the market is appreciating to know it’s “OK” to buy and then wait again when the market is turning down, as they don’t want to buy a depreciating asset! The truth is there’s no wrong time to buy, only a wrong time to sell. Look outside your own market for opportunities as the market shifts and wait patiently for the next cycle to time the sale. – Courtney Poulos, ACME Real Estate
Read more at Forbes.com.