Real Estate has always been an asset to be kept for the long haul. Always. The money to be made can periodically be incredible, but, for the most part, it's about keeping a roof over your head without paying someone else's mortgage.
I haven't written a blog in a bit, but honestly, I've missed it, so here you are!
I've been at it for over 2 decades, got a great partner at the beginning of 2022, and am working to help people navigate through 2023.
We all know that the last couple of years have been a wild, dirty, crazy ride for anyone looking to buy and sell real estate. But, heck, what the devil is going to happen in 2023?
It's not going to be wild and crazy. It's going to be slow and, probably not so steady. But, I don't think it'll be the dirty mess we had during the pandemic. Notice I said 'think'. Because, no one can predict exactly what will happen.
The last few months of '22 slowed tremendously as interest rates skyrocketed. Don't bother to mention to the kids what interest rate we paid for our first home. They won't get it. And, it's really not the same anyways.
For now, the harsh reality is that we have low inventory and seemingly high interest rates. I'm seeing lenders with one loan instead of 12 in their pipeline. Seeing money being tossed at buyers from lenders and sellers alike to entice them to buy a home.
I'm seeing homes sell too. BUT, it's over, the madness is over.
So, how do you move forward? The same way you've handled it always. If you need to sell, you sell. If you want to buy, you buy. Just know, it won't be easy for either party. Gone are the days of the quick sale. Gone are the days of 2.75% interest rates.
It's time to just deal with what you've got. Get yourself a great agent, make a plan, do what they say, and roll with the wave. Because, this wave is likely gonna be a long ride.
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