Always Win In Real Estate When Buying: Through data and logic!

There is only 1 sure fact when buying a house. The house price will go up it’s just a matter of time. In the history of the housing market, housing prices have risen and the’ve fallen but over time they’ve always risen more than they’ve fallen. There have been short windows of 2-3 years where houses could drop lower than they started but over long periods of time real estate always goes up.

Here’s some tips on how to always win in the real estate market:

1) Buy a house you love

You never know when real estate can take a turn. We have seen the last downfall around 10 years ago, and with approximately 10 year cycles we could be looking at another downturn coming soon. That means you may be with your house for a while, make sure you absolutely love it. If you’re looking at buying and selling quick have a trusted source to talk to about the data. If you’re looking at moving in for 5-10 years then you want to make sure you are living in a house that brings you the most joy.

2) Buy a house others will love

You can’t completely control risk factors that means to prepare for the worst case scenario you may have to rent out your house if things get tough. Make sure you have a house that has high income potential if you hit hard times or you need to utilize your house to make you income.

3) Buy a house that is in an area where supply remains constant

This is the best way to minimize risk. If you buy a house in a zip code that doesn’t have much supply left then you don’t see the prices drop as much in the bad years and the prices increase more in the good years. If you’re buying in an area where there is lots of land to build on, you can not control or even predict supply. This makes it a variable that adds risk. The best places to buy are areas where there is not much more land to build on so supply is a constant with no surprises.