Charlottesville Area Real Estate Blog

Timing the Market as a Buyer

There's always the thought that timing the market to when it's at its lowest point, or at least at a discounted value, is the right time to jump in and buy. Even if you could get it right, is it actually worth it? The trouble with this strategy, is that there are just too many factors to consider.

How much drop are you expecting? Will that drop be recognizable? At 1-3%, there's so many variables when comparing houses, you likely won't even notice. Is a higher drop even likely to happen?

What if you wait for the drop, but in turn, prices go up? Specific to right now, in the Charlottesville area, prices are mostly still going up despite what the news is telling us.

How will you know when you've found the bottom? Suppose you did find the bottom, or at least are satisfied with...