Is this really the right time to buy?

The cycle of investment…

Real Estate Cycle

This is a cycle for anything you buy.  Whether it be a gold, silver, stocks, real estate, etc. 

It starts with optimism, goes to excitement, then euphoria, then prices fall off, then they come back again. That is the natural cycle.

A time when most people are excited about buying something is when they’re at the greatest risk of buying that. With the prices at their highest.

The point of maximum opportunity is when people are not excited about buying it, when the prices have fallen, when they’re in that despondency, depression mode, which real estate is in right now. We have a saying for it: You want to sell high and buy low.

Real Estate Cycle

 

William E. Wood and Associates

Licensed in VA