The annoying sound of opportunity
What does OPPORTUNITY sound like? Will you know it when it presents it’s self?
In the current phase of the Tri-Valley real estate market the sound of opportunity is “Chirp…Chirp…Chirp…”
Walk the streets, drive slow, listen for the annoying sound of chirping smoke detectors. Bank owned homes are sitting vacant, lawns are sprouting weeds, and smoke detector batteries are running low. Notices posted on doors are a sign of the times.
For Buyers, this is a time to become a neighborhood expert. If you really know values, it’s becoming possible to catch some really good deals. Be careful not to fall for the idea of “it last sold for $700,000 so $500,000 must be a good deal”. Work with your Realtor to establish the proper current price but also be realistic about the future.
If prices decline another 20% this year( and they could) will that hurt you? Not really, if you have a long term plan for the property. A truly good deal needs to have multiple “exit strategies”. Buy right, plan carefully, make rational choices.
The OPPORTUNITIES are out there if you are prepared to hear them.
Eric Haggin
925 336-6462
