We're gonna look at three things to consider as you try to time the market, versus working on your own timeline.

Make a decision on what makes sense for you and your maybe your family and for your future investment down the road as long as you have that time horizon there's other ways to think about it.

𝐀𝐫𝐞 𝐘𝐨𝐮 𝐓𝐫𝐲𝐢𝐧𝐠 𝐓𝐨 𝐓𝐢𝐦𝐞 𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭???

We're gonna look at three things to consider as you try to time the market, versus working on your own timeline.

1️⃣ 𝐇𝐨𝐰 𝐥𝐨𝐧𝐠 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐠𝐨𝐢𝐧𝐠 𝐭𝐨 𝐡𝐨𝐥𝐝 𝐭𝐡𝐚𝐭 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲?

We have to look at the amount of time you're trying to hold the property. If you're looking to live in a property for at least five to eight years, and own that property, that could be potentially a good indicator that it's time to buy a property today.

Regardless of where the interest rates, are regardless of where the pricing is. as history will show us, it makes more sense to own a property for a long amount of time than it is to try to time it.

Right now, we're at rock bottom interest rates, but high prices If we get lower prices, we make it higher interest rates.

How do all these things affect?

2️⃣ 𝐓𝐡𝐞 𝐩𝐨𝐰𝐞𝐫 𝐨𝐟 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬.

There are a lot of people are saying the market's run up the market's frothy and they're not wrong, the market's definitely very expensive right now.

Since 2012 to 2013 we've really seen a one-way trajectory up, but interest rates are at rock bottom prices and a lot of people will tell you to live in the payment not in the price you bought the house for.

Renting versus owning and the difference is like down to the penny of what that looks like today. We'll just be more high level talking about the points of what to consider if you're trying to time the market.

If we look at what economists are saying, if it's right time for you you're always gonna come back to it. Do you nee that big house? Are you gonna hold it for five to six years? You need extra and less space whatever the real deciding factor is.

3️⃣ 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐲𝐨𝐮𝐫 𝐰𝐫𝐢𝐭𝐞-𝐨𝐟𝐟𝐬.

I want you to consult with your accountant every state is different every accountant operates differently on-what you can and can't write off.

In a 500 000 even a million dollar purchase or less you're going to be writing off almost definitely almost all of your taxes and your interest depending on what town you're buying, and how high your taxes are but all of your interest on your your mortgage, and all the taxes on the property that can equate to a half-million dollar property, anywhere from a thousand two thousand dollars a month of write-offs which equates the real hundred dollars a month savings, not including the principal paid out and not including appreciation.

I'll share a quick story about my family. We bought a home in 2018 even though we're in the real estate business, and we knew the market was screaming hot, we wanted a very particular house and we were worried about our timing for us not for the market and we knew that we're gonna hold the home at least seven to ten years, or maybe beyond that.

We weren't as concerned for the numbers that we paid for our house but the ups and downs and the percentages are all exactly what's happened. Even a shorter period of time and in a turbulent market, things can still be beneficial if you time it for your family rather than timing it for the market itself.

Make a decision on what makes sense for you and your family, and for your future investment down the road, as long as you have that time horizon, there's other ways to think about it.

I hope this was helpful, if you have any questions or if you want to talk about a specific situation for yourself, feel free to reach out to us.

Have a great day and talk to you soon! 👋