I was showing property recently to a retired oil executive and he was talking about the price of oil shooting up due to the uncertainty in the middle east. Until there is some stability we might continue to see volatility in this market.
I realized that this kind of thing is true in real estate – there is a saying in real estate that “a confused customer never buys”.
I will never forget during the first gulf war how we couldn’t sell anything because people were uncertain of the future. People thought that we were going into World War 3 and they chose to sit back and wait and see what would come next.
Uncertainty is good if you are a buyer, and bad if you are a seller – just another reason why NOW is the time to buy.
P.S. – if you missed my blog yesterday, check out the featured clip – NOW is the time to buy – don’t miss out!