Timing the Real Estate Market

[John Colburn]

Can you time the real estate or stock market exactly - certainly not.   There is no way that anyone can predict the exact peak of the market.  

That said you can tell when the market is close to its peak.   

A good example is a property I have now.   In 2005 the market was hot very similar to todays market the house sold for $279K to a first time home owner.   The market tanked and the family walked away from the home and I purchased it in 2010 for $135K.   Now the house is worth $350K.  

Timing here makes all of the difference.  For the first time home owner buying at the peak will have a life long impact with bankruptcy and investment lost.   I was lucky and was able to buy at the right time.