Timing The Market In Georgia Might Be A Bad Move

 As I recently posted on my Georgia Real Estate Blog, timing the market for real estate is a bad move.  Likewise, I think buyers are also asking the wrong questions.

It's not about how much the price goes up or down.  In Atlanta, swings of 3% to 5% are common, but it's rare to see the reported 20% decline in price that's on the nightly news. 

However, a small swing of .5% in interest rate is the equivalent to a 5% change in price.  That's 10 times the difference there.   So the real question is, WHEN WILL INTEREST RATES GO UP?  

Keep in mind Real Estate is a long term investment.  I've been saying it for years and Gary Keller recently repeated the same thing, "Real Estate is like a 'forced' savings account (when you buy right)."  What's buying "right?"  You might ask.

In this market it's hard to make a mistake, but trying to get a "deal" over fulfilling the needs of your family is a good way to buy wrong. There's too many good deals to be stressed out over the "best" deal.  Let the investors haggle over that one.  

At the end of the day, the difference is only going to be a few percentage points, better to take advantage of the low rates. 

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