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Updated about 10 years ago on . Most recent reply

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Jason Lee
  • San Mateo, CA
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When exactly is the 'right time to buy'?

Jason Lee
  • San Mateo, CA
Posted

So i've read through the BP ebook and other books related to real estate. Most of them say that the right time to buy for an investor is when there is a lot of inventory and when the prices are low. When exactly is the 'correct time' and where could we find resources for research?

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Duncan Taylor
  • Real Estate Investor
487
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Duncan Taylor
  • Real Estate Investor
Replied

If you are in for the long haul, the right time to buy is whenever you find an opportunity fitting your investing goals and within your means and ability to complete the purchase.

Trying to time any market for the "right time" is foolish, risky and rarely successful.

Set your investing goals and parameters based on the conditions you see around you and then execute to your plan. The market will do what the market will do. Update your plan when appropriate and then continue to execute your plan.

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