Difficult Market Conditions?

“Life is difficult. This is a great truth, one of the greatest truths. It is a great truth because once we truly see this truth, we transcend it. Once we truly know that life is difficult-once we truly understand and accept it-then life is no longer difficult. Because once it is accepted, the fact that life is difficult no longer matters.”                                  Scott Peck, The Road Less Traveled.

Real Estate is difficult and it is not difficult. This has always been true.  Right now, more than usual, market conditions are changing by the hour with no stable or predictable future insight.  What does that mean for buyers and sellers? Homeowners and potential homeowners? Does that mean it is the end of the seller’s market? Will there be an increase in inventory? Will there be money to borrow? These unanswered questions make the market difficult.

Building our understanding of real estate on a firm foundation reminds us of our fundamentals and makes it not difficult. The market conditions are the same for everyone.  We all need a place to live, a place to call home. If we need to sell, we need to sell. If we need to buy, we need to buy. If we need to rent, we need to rent. 

We still assess sales and purchases based on the value of the home to us.  We can still get from lenders an understanding of what we can afford. We can still inspect homes and review property conditions.  We still know what home maintenance looks like. 

Real estate is difficult and it is not difficult.  Even when it is not easy, it is still simple. When we balance our emotional response to a home with our logical response to the facts, we can live in our wisemind.  And that truly is the place we call home.

We hope you and your loved ones are well and staying safe. We, probably like you, are working from home, but we are working. Please contact us with your real estate questions or just life questions.  What a great time to reconnect with each other.

 

Posted on April 2, 2020 at 7:18 pm
Adam Hamalian | Category: Uncategorized

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