Timing the real estate market can be a tempting strategy for both home buyers and sellers, but it comes with both pros and cons.
Pros of timing the real estate market:
- Potential for a better deal: If you can accurately predict when the market is going to decline, you may be able to buy a home at a lower price. Similarly, if you can predict when the market is going to rise, you may be able to sell a home for a higher price.
- Faster sales: If you time the market correctly, you may be able to sell your home more quickly. In a hot market, properties tend to sell faster, which means you may be able to close the deal and move on with your life sooner.
Cons of timing the real estate market:
- Risky strategy: Timing the real estate market is…
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