The Question of Timing the Market

Colorado Springs Real Estate Video Blog with Jason Daniels

You can’t time the market—when you should buy or sell depends on your personal situation.

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Whether you’re a buyer or a seller, it’s not possible to time the market. You can only tell if a market has gone up or down about six months after it’s already been where it’s been.
How do you know when the best time is for you to buy or sell? The answer to that question is based on your family and housing needs. Obviously, you want to buy low and sell high if you can, so depending on your circumstances, you should meet with a Realtor or a lender and get their input on your situation.
If you’re a buyer, it’s not just home prices that affect your decision—you have to take into consideration interest rates too. If prices are going up but interest rates are staying the same, it’s better to buy now because if both of these things start increasing, it will make things even more expensive for you. Most likely, you’ll need a mortgage to purchase a home, so keep an eye on both of these variables.

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I recommend making your buying or selling decisions based on your family and housing needs.

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As far as what’s the best season of the year to sell, every month is a good time to sell as long as you have the right Realtor and the right marketing plan. We sell a lot of homes during the summer, but sometimes the homes sold in winter do so at a higher average price. In the summer, you deal with more tire kickers, while the winter brings out more serious buyers. Specifically, the end of January through March and the month of June are the times of the year when you can typically sell your home for more.
If you’d like to have a conversation about when the best time would be for you to buy or sell a home, don’t hesitate to reach out to me. I’d love to speak with you.