Many people pay attention to real estate trends - and for good reason. RE trends can greatly affect the way that markets progress. You can, therefore, pay attention to real estate trends, but the most important question would be: can you beat them? Do real estate trends necessarily have to trump your plans, or can you get around them?
A simple answer would be, well, both, yes and no. Beating trends or getting trampled by them depends, for the most part, on you! There are also instances where you may not have a chance. At the end of the day, what you are doing, who you are dealing with, and how dedicated you are to your goals are factors which matter.
In a buyers' market, for instance, it won't be too easy for sellers to get the upper hand; but while it may not be easy, it is definitely not impossible. You may still be able to put your home for sale at a premium price and find somebody who wants to buy it. This depends on the type of home that you are selling, your asking price, the local market, and of course, your ability to find a suitable buyer.
While trends are fairly rigid, they are by no means set in stone. So before you give up with a mournful expression, know that whether you are forced to follow real estate trends or play on your own terms depends upon you as much as it depends upon market dynamics. As is true for every other business, trends can also, to a large extent, be dealt with - the key is to know what you are up against, and then stick to your guns no matter what happens.
>By Ashlee Pannell: A Dallas Real Estate Broker, With Nu Home Source Realty a Dallas Real Estate Company. We are Home of the 20% Commission rebate to most of our buyers. Ask about our bucks for buyers program.
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