“The best time to buy is always now”…I’ve heard that said many times over the past 28 years of my real estate career…and in most times that has definitely rung true…Of course, a lot of the folks who bought in 2004 through 2006 might not necessarily feel that way, but for those who did that don’t need to sell right now, they have had the enjoyment of a wonderful home in Naples Florida…and many of them feel the price they paid pales when compared to the great times they’ve already shared with friends and family since making that purchase…
I can think back about a customer I worked with years ago who “overpaid” for a home in Aqualane Shores…he paid $800,000. and in less than a year the home went down to $600,000—I was relatively new in the business and I felt awful, but told him to hang onto it if he could and I would let him know when the market came back and would suggest a better time to sell…Well, for those of you who know the Naples market, you’ll know that it’s tough to find a nice home in Aqualane Shores today for much less than $2 million…He doubled his money a few years later…Real Estate is cyclical, and these times too shall pass and in the years ahead we will be looking back at “now” and will recognize the great opportunities that buyers had in 2009.
A few years ago when home values were escalating more quickly than we could track, people were kicking themselves for not having bought earlier…Personally, I think that’s what people will say again someday when they talk about 2009! Even if prices go down a little bit more, the selection today is fabulous and the interest rates may never be better! There are 78 million baby boomers beginning to retire this year…we don’t need a very high percentage of them to select Naples as their destination city for retirement or 2nd homes to see the market take off…Right now we are experiencing an extremely favorable buyer’s market, and the Boomers will be fueling real estate sales in places like Southwest Florida for years to come!
So, if you’re sitting on the fence trying to decide whether “now” is the best time to buy, take it from me…”The best time to buy is always now“!
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