For every investor that sees despair on the horizon, another will see an opportunity. Such is the case in dealing with cyclical real estate markets. You can wait for the perfect time to get started, but what you will find is that there is no such thing. There may be times that are better than others, but even the seemingly perfect scenarios will provide challenges. That is why it is so important to get started and deal with whatever market presents itself. When it comes down to it, there is never a bad time to invest in real estate. Opportunities will always present themselves. It is up to you, however, to make sure you take advantage of them.
Many investors have acknowledged that the last five years were their most profitable. Even with the increased competition, fewer loan products and decreased inventory, they have found a way to close deals and grow their business. If you decide to make an excuse as to why you can’t find or close deals, you may be missing out on a golden opportunity. If you were an investor largely dependent on short sales and foreclosures, the reduction over the last few years should lead to less competition in your area. The best investors and businesspeople are the ones that can quickly adapt to any situation and any market. Once one door closes, it is up to you to open another.
Instead of getting hung up on thinking that you missed the bottom of the buying market, you should look at how much room there is to grow. Trying to time the market by buying at the bottom and selling at the top will prove to be almost impossible. If you wait too long, you will miss the boat and wish you had just gotten in when you did. Everyone wants the best possible deal, but sometimes that is not always the case. If you look at where the property currently is and where the market is headed, you will find that are still sitting on quite an investment.
The same can be said about mortgage interest rates. Some investors are disappointed that they did not refinance or buy when rates were well under 4%. Even though they are still historically low and just off of the bottom, there is a feeling of regret and that they missed the boat on the best possible deal. The reality is that they are still really low and you still can get a great deal, just not the best one you could have had. This shouldn’t prevent you from taking action. This should serve to motivate you to stay on top of the market, your investing area and your business so you never miss out when opportunity presents itself again.
Ups and downs, stops and starts, recoveries and rebounds are all used to sum up the market for investors of every level. If you listen to two different analysts, you will probably get two different versions as to where the market is headed. Instead of sizing up the market and waiting for just the right time, you would be better served to take action and dive right in. There will never be a perfect time to start investing.