We are in a time where everyone is talking about what is going to happen. Whether it is the real estate market, the economy, the government, the world, the spiritual arena, I could go on, but I would never get to the point.
As a realtor I am constantly faced with the question, or presented with an opinion, of what is coming in the real estate market. Because I am not a genie in a bottle, nor do I have a crystal ball, I can unequivocally say – I don’t know!
Some folks believe I should know, and many folks claim to know what is coming, I guess I’m just not that smart.
Last year when the quarantine hit, I truly believed it was going to tank the market. I had no idea it would just abound and end up as one of the hottest markets ever seen. So that is why I can say resolutely, I do not know.
Here are the things I do know - Glass Half Empty
Other things I do know - Glass Half Full
Administrations change every 4-8 years, and the economy shifts with it, in some way or another. I saw a sign on a property last year that said something like “Land for Sale – depending on who wins election.” That is a permanent decision based on a temporary situation.
My parents bought a home in the 80’s, from a couple that were selling out and moving to a type of religious complex, all because of what the preachers and prognosticators, were saying at the time. Not many years after, the head of that ministry was accused and tried for adultery and embezzling. Now the, once beautiful complex and theme park, has been sold off with huge empty buildings, and a variety of housing. Millions and millions were lost to investors and families. The family that sold that home to my parents, made a permanent decision based on temporary situation. They had to start all over.
Buyers have called me, wanting to find land so they can live off-grid and become preppers because they are listening to some saying we are in for a really bad time. It is supposedly coming soon and we will need to be self-sustaining. I heard the same thing about Y2K and we all know how that turned out.
However, many real estate experts say that we will never again see the housing crashes as drastic as we have in the past. There will be an adjustment at some point, but so many things have been put into place to prevent the predators from destroying the market in that way. So there is hope for the future.
If you are thinking about selling out to become a prepper, selling so you can get the equity and pay cash, or you need a larger home because of your family situation, let’s talk. I can help you weed through all of the variables and try to help you make the best decision possible. This is no time for a rash decision, and I would love to be your trusted real estate advisor, to help your situation. Sometimes just talking it out, helps alleviate the concerns and you may just decide to stay where you are. I truly want you to come to the best decision for you and your family.
If you are interested in what some of the real experts say about the market, go to Home - Real Estate Center (tamu.edu). Texas A&M Real Estate Center has Housing, Employment, and Index reports as well as other industry information.
Update from the Wedding!
I wanted to just let you know the wedding was absolutely beautiful and they are happily settling in to their new life together. Thank you for your sweet comments and congratulations. We had a wonderful weekend.
Connecting you with Happenings and Places!
I am a proud member of the Wise County Chamber of Commerce. They provide support for businesses in and around Wise County. There are Chamber offices in Bridgeport, Decatur and Chico, but many of the smaller communities do not have a city office, so that is the strength that WC Chamber brings.
Recently they created a calendar of area events, that highlights what was going on in Wise County. Below are just a few coming up! But click on the links below to go to their website and like their FB page, so you can see all of the great happenings and information.
(20+) Wise County Chamber of Commerce | Facebook
Wise County Chamber of Commerce – Welcoming, Uniting and Promoting Business
God is the only one who can make the valley of trouble a door of hope.