10/25/2022
TIME IN THE MARKET ALWAYS TRUMPS TIMING THE MARKET.
I posted this a year ago when so many buyers wanted to wait for the market to “cool down”…. If they bought, they could’ve gained close to 20% equity already and locked in an epically low rate.
Now buyers are saying they want to wait for rates to come down or the market to “bottom.” yet if they buy today they could get better prices and terms than if they wait for rates to come down. Why? Because when rates come down, all the buyers who are doing the same will be back to put you in crazy bidding wars again and drive prices up again.
Then they can wait for the market to “cool down” again.
THERE IS NEVER A PERFECT TIME TO BUY, FOLKS! But if you bought 30 years ago you could’ve gained 290% equity by now….. and that’s just nationally. In many areas of Los Angeles, we have well exceeded that.
If you want to own property and build generational wealth, the best time to buy is NOW.
Dm me one friend (or yourself) who wants to buy. Let’s start a conversation, look at the numbers for you personally, and see if it makes sense to buy now or make a game plan for future!
Alexandra Lumukanda
Dre 02136435