Navigate this real estate market carefully with an experienced professional

By Willie Gold, Associate Broker of GMAC Real Estate Fredericksburg

I subscribe to several stock investment services, one of which is Morningstar ETF Investor. A recent email I received from them had the caption: Bear Market or Bull Market Invest Successfully in Both. The author, David Silva, began the short treatise by writing; “In today’s turbulent market, should you be buying, selling, or sitting it out? …. You can’t help but wonder if you ought to be doing something.” I saw that and thought, ‘wow, how well does that comment apply to the real estate market today’.

Then, about the same time, I received another email, this one from TransUnion. TransUnion is a company I do broker professional opinions (BPO’s) for. A BPO is a quasi-appraisal, without all the detail typically found in an appraisal one might need for a bank loan. The company looks for someone, such as myself, that is a licensed real estate broker with lots of experience. (I have 35 years experience as a Texas licensed real estate broker. )

The company was cautioning their vendors, such as me, that “as we navigate through this challenging market (my emphasis), our collective ability to provide quality service is paramount to our success” (some paraphrasing involved). Again, very appropriate for today’s real market.

Challenging market? Should I Buy? Should I Sell? These concerns certainly come to mind as we ‘navigate through the murky real estate waters today’. My thoughts? Navigate carefully by seeking out an experienced, knowledgeable real estate professional. We here at GMAC Real Estate Fredericksburg pride ourselves on just that. Greg Oehler, our broker, and I together have many years’ experience in real estate. Both of us navigated through the disastrous times of the 1980s when the country experienced many similar difficulties in real estate, with the rampant foreclosures, falling prices, and slow sales that we see today.

So, what should I do, buy, sell, hold? Consider the following:

a) If you don’t have to really sell at this time, hold off for awhile, let the market settle down, it will, it always does.

b) Need to Sell? Most important in today’s market is that the property is priced right. Don’t hope for—or expect—a miracle buyer that will step up and buy when the home or property is way overpriced. Buyers will be ‘navigating carefully’ too and will be doing lots of value comparing, assuming they have a knowledgeable Realtor to guide them.

c) Need to buy? Work with a knowledgeable Realtor, one who knows the market and will work for you, not just for the commission. There will be some good buys out there if you know how to find them.

So, let us at GMAC Real Estate Fredericksburg put our resources to work for you. We are ready, willing and able.

Willie can be reached by cell at (830) 992-0481, at the office at (830) 997-6123, or by email.

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