subject: Staying Motivated Through The Market Crash [print this page] Staying Motivated Through The Market Crash
It's no secret that the housing market is suffering due to the economic changes that todays' citizens are facing. Job lost is on the rise and more people are realizing that the home they purchased years ago; is actually too expensive for them after all. Others are finally financially able to purchase a home, but are finding it hard to get the support from the lenders that they need. However, it is important to remember that a positive attitude will succeed any disaster. If you are motivated and passionately involved, I am sure that you make still make a sale even in today's market.
Did you know that real estate value in most metropolitan areas double ever 10 years. This means an average of 100% increase about every 10 years. In short, this also means that real estate values must correct themselves within their 10 year cycles. From history we know that real estate values always double. Therefore, your existing houses WILL sell; you just have to be patient. Understanding that this process is essential for the value of real estate is key. This is actually the time when you would pay $330,000, for a million dollar home. Who could argue with that?
When the real estate market is crashing, the media outlook is very negative and discouraging for brokers and investors. The focus at this time is on foreclosures and sinking banks. Rarely do you see the upside of the market. Rarely will they show the average family purchasing their first dream home due to the crash of the market. For years, buying a home has been simply something that no all families were able to do. Now that foreclosure is on the rise, many are using their savings to take a chance on life..to finally purchase their dream.
When the market is great, it is easy to sell a house. When the market is bad, a person may assume that they simply have nothing to do. Not only is this not true, it is also a subconscious level of panic. There is actually plenty to do! Your goal should be getting your house exposed to as many buyers as possible. Instead of waiting for your house to look perfect, you can actually expose your house as much as possible so that buyers can see the potential that the property has. Remember that you have to be ready to sell when others are ready to buy'. The key to surviving in this market is to continue working. You must continue to do your job.
