Like everybody else, I have seen a decline in the value of the homes where I live. Yes, I have been frustrated just like everyone else. Actually, I've been more frustrated because my home is for sale. I've decided to take a little bit of my own advice: stop, look and listen (corny, but it's effective). Stick with me.
You see, I built my own home about five years ago. At the peak of the peak of the market. As a builder, everyone thinks I built my home for free. Let me be the first to say that I wish that were true but it wasn't. Did I build it for a better price than other people in my neighborhood? Does a barista at Starbucks get a discount on coffee? Of course I did.
Here's the kicker: I am in the same boat as all of my clients who have their home for sale. I needed to stop worrying about what I couldn't control (the market), look around and determine if I'm okay with selling my home in this economy (I am) and listen to my own advice. What is that? That the real estate market, like any/all markets, is cyclical and this too shall pass. When? Well, my crystal ball prediction(s) will have to come in the next post.
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