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Well, let's start with a few of the obvious things; first off, we have some of the most amazing weather in all of America! But I could be a little biased as I was born and raised here. Although most would agree that Southern California is one of the most temperate climates in all of California. We have neither severe cold spells and not often do we experience excessive heat. And the options environments are crazy good! Most of us can be in completely different landscapes in a little over an hour. In theory, you could be skiing in the morning and then surfing by the afternoon! I think we can all agree that Southern California is one of the best places to exist!
Now, let's talk Real Estate. As a Realtor, I often hear questions and concerns from people wanting to somehow predict our regions housing market. This, however, is not an easy answer. There are so many variables that can affect our housing market, I cannot overstate this point; there is not one way to predict what our housing market will do in the future for 100% certainty. With all of the knowledge, experience and information that the housing specialists have, like weather men, they might be lucky sometimes but they will not ever be right all of the time with their predictions. Interestingly enough, we all sound a lot like specialists when talking about the past. While it is true that the past can be a great indicator of the future, it's even more important to acknowledge that there has never been a time in history that is exactly like this one; politically, socially, economically, etc. These are just of a few of the many variables that have a trickle down affect on our housing market today. There are so many parts and pieces that are constantly moving and shifting, making it hard to know what to do and when to do it, from those standpoints.
With that being said, "how do we decide when to buy, sell or hold a property in Southern California?" The best answer is, BUY WHEN YOU"RE READY, SELL WHEN YOU'RE READY AND HOLD IF YOU'RE NOT READY!. For instance; if the needs of your family require more space, you have prepared and have the funds ready for an upgrade, interest rates are low and maybe you've started to notice some pretty shady characters lurking around your neighborhood, now might be a good time for you to start thinking about a move. In this case, whether or not the real estate market sky rockets in the next few years or whether it takes a dive, this may have no bearing on your move whatsoever. Because the good news is, your sole purpose is not the immediate investment, unless you are planning to "flip" the home by immediately trying to turn it for a profit; when you buy a home with the long term financial investment and life long investment for your family in mind, you cannot go wrong. Try not to get hung up on all of the "what if's" of the decision, and try to consider the variables of "timing the market" as a guideline not as a deciding factor on your move. You will always be the best predictor for what works best for you. You cannot go wrong if you've made the best decision you know how to for your family's future!
