What does this mean to me?

Just over a year ago I transitioned from a Real Estate agent for a Real Estate Investor. As an agent they tell you to know your market. You know the normal things like average house sales, how many average days on market and so forth.

Now that I've transitioned and its my money at stake I realize we need to dig deeper than what's happening in the now and really consider the future. I mean if I messed up a Sell price as an agent then then ill just have to drop the price. Now if I mess up the price it could be $10,000 or more out of my pocket. That just makes it much more real.

We are in a very crazy market right now inflation is at almost 7% and the def is raising interest rates to try and combat that. Gas prices are going nits at over $4.50 a gallon and the cost to build anything is crazy. Before I would say wow that's crazy, now I realize what I should have been asking: what does this mean to me? For example rising interest rates take down the amount of money a buyer can spend or is willing to spend on a property and high costs of goods makes it more expensive for me to renovate a home. You may say so Jason you need to stop for a bit. Lets look at it differently, when I buy a home its based on how much its going to cost to fix. It doesn't mean I have to stop, it means I have to keep a good eye on the market so I can make fair offers based on the market. If its costs $20,000 more to renovate then I have to buy the home for $20,000 less.

I invite you to take a look at what you are paying to as an agent, investor's business owner and say what is going on in the macro economy and what it means for me. Take a peak through that crystal ball. Once you take that peak don't say well hell I cant operate now, say HOW CAN I CHANGE MY BUSINESS TO OPERATE IN THIS ENVIRONMENT!