There is Gold In Them Hills...

Posted at 5:29 PM, Jan. 12, 2007

There has been several articles in circulation lately about the Buyer's Market we are currently experiencing.  Of them, I find the behavior analysis to be the most interesting.  One recently described how buyers are now moving forward with actual earnest instead of watching from the sidelines.  I can't help but picture buyers watching the real estate market as if they were watching the stock market.  Looking for that bottom, then Buy! Buy! Buy!  Its like those of the old west waiting with their pitch axe for the pioneers before them to yell, Gold!

What I think perhaps is being overlooked is the fact that buying real estate is neither gold-digging or playing the stock market.  Buyers should focus on whether or not they are prepared to buy, regardless of the market conditions.  Unless you are looking for deals and steals as an investor, buying a home represents far more than gaining quick wealth.  It represents people.  It represents hope in a better future. 

If you happen to be looking for perfect timing, well, don't.  There is no such thing.  The only right time is the time that reflects your needs and circumstances.  Look for a home that best serves you.  How many times are we driven by "sales" and purchase things that quite frankly, we justified buying  based on it's price?  How many articles of clothing hang in your closet that seemed like a steal at the time but really just don't fit into your lifestyle? 

Of course it is smart to shop around and of course it makes sense if you can buy a better home at a good price.  Just don't approach it with a bargain hunting mentality.  When you find that right home for you, structure your offer wisely and approach the situation neither foolishly or arrogantly, your new home will always feel like money well spent.