New Listing! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES MONTROSE $595,000 62644 Jacob Drive 3 Beds 2 Baths 12101 sqft 11 Acre Don Bailey, 970 209.8257 New Price! MONTROSE-COMMERCIAL $505,000 317 N 7th Street 1 Bath 12,000 sq ft Linda Steil, 970.417.8082 New Price! New Price! THE GLENS $489 550 2609 Glen Mor Drive 3 Beds 2 Baths 202 sq ft Linda Steil 970.417 8082 LOGHILL-RIDGWAY $875,000 Furnished 22 Poplar Place 3 Beds 2 Baths 11,620 sq ft. Linda Stel 970.417 8082 FOCUS ON TIME IN THE MARKET, Tove these numbers context, let's take a look at a breakdown of NOT TIMING THE MARKET Should you buy a home now or should you wait? That's a big question on many people's minds today And while what timing is right for you will depend on a lot of other personal factors here's something you may not have considered what you stand to gain once you buy in this example, let's say you went ahead and bought a $400,000 home at the beginning of this year Based on the expert forecasts from the HFES you could gan more than $85.000 in household weath over the next five years. Thers not a snaumber This data reps paint the picture of why time in the market rely If you're able to buy all today's rates and prices, it may be better mater to focus on time in the market, rather than timing the market THE DOWNSIDE OF TRYING TO TIME THE MARKET Trying to time the market isn't a good strategy because things can change Here's an example. For the better part of the year projections have said mortgage rates will come down And while experts agree that's still what's ahead, shifts in various market and economic factors have pushed back the timing of when that happen Here's how that's impacted homebuyers who've been sitting on the sidelines As US News says "Those who put off buying a home during the past few years as they were holding out for lower mortgage rates have been left out of the market mortgage rates have stayed higher for longer than previously expected keeping monthly housing payments elevated in other words affordability didn't improve for those who chose to wo THE ADVICE YOU NEED TO HEAR IF YOU'RE READY AND ABLE TO BUY NOW Right now, you may be focused on what's happening with mortgage rates and how those impact your monthly payment, but don't forget to factor in home prices Prices are expected to continue climbing just at a more moderate pace And unde a moderate rise in prices may not be fun for you now, once you own a home, that growth will be a huge perk. That's the time in the market piece Sure, you could try timing the market, but the equity you'll be masing out on in the meantime is something to seriously consider you're ready and able to buy now, you have to decide is it really worth waiting? This is why timing the market may not pay off if you're ready and Rather than focusing on timing the market. It's better to have able to buy now THE PROOF IS IN THE PUDDING HOW HOMEOWNERS BENEFIT FROM RISING HOME PRICES time in the market As US News Real Estate susp "Theres never a one-size fes-all answer to whether now is the precisely what the market will do in the near future Delaying your pans ao means masing out on the equity you'd ganght time to buy a home. There's also no way to predict you went ahead with your purchase today. And the potential equity gans that are at stake my you Each quarter, Fannie Mae releases the Home Price Expectations Survey, it asks over one hundred economists real estate experts and investment and market strategists what they forecast for nome prices over the next five years in the latest release experts are projecting home prices will continue to ne through at least 200 BOTTOM LINE Perfectly timing the market shouldn't be the goal. This decision should be determined by your personal needs financial means and the time you have to find the night home" if you're debating whether to buy now or wart remember it's time in the market, not timing the market. And if you want to get the ball rolling and set yourself up for those big equity gains, let's connect to make it happen bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Trena Unrein, Brian Unrein Autumn Barrett, Don Bailey. Jeff Keenfuss, Kree Christie, Linda Stel, Makaya Cervone, Michael Scott Dosch, Heidi Lutz, Mehdi Sepah, and Donna Justin New Listing ! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES MONTROSE $ 595,000 62644 Jacob Drive 3 Beds 2 Baths 12101 sqft 11 Acre Don Bailey , 970 209.8257 New Price ! MONTROSE - COMMERCIAL $ 505,000 317 N 7th Street 1 Bath 12,000 sq ft Linda Steil , 970.417.8082 New Price ! New Price ! THE GLENS $ 489 550 2609 Glen Mor Drive 3 Beds 2 Baths 202 sq ft Linda Steil 970.417 8082 LOGHILL - RIDGWAY $ 875,000 Furnished 22 Poplar Place 3 Beds 2 Baths 11,620 sq ft . Linda Stel 970.417 8082 FOCUS ON TIME IN THE MARKET , Tove these numbers context , let's take a look at a breakdown of NOT TIMING THE MARKET Should you buy a home now or should you wait ? That's a big question on many people's minds today And while what timing is right for you will depend on a lot of other personal factors here's something you may not have considered what you stand to gain once you buy in this example , let's say you went ahead and bought a $ 400,000 home at the beginning of this year Based on the expert forecasts from the HFES you could gan more than $ 85.000 in household weath over the next five years . Thers not a snaumber This data reps paint the picture of why time in the market rely If you're able to buy all today's rates and prices , it may be better mater to focus on time in the market , rather than timing the market THE DOWNSIDE OF TRYING TO TIME THE MARKET Trying to time the market isn't a good strategy because things can change Here's an example . For the better part of the year projections have said mortgage rates will come down And while experts agree that's still what's ahead , shifts in various market and economic factors have pushed back the timing of when that happen Here's how that's impacted homebuyers who've been sitting on the sidelines As US News says " Those who put off buying a home during the past few years as they were holding out for lower mortgage rates have been left out of the market mortgage rates have stayed higher for longer than previously expected keeping monthly housing payments elevated in other words affordability didn't improve for those who chose to wo THE ADVICE YOU NEED TO HEAR IF YOU'RE READY AND ABLE TO BUY NOW Right now , you may be focused on what's happening with mortgage rates and how those impact your monthly payment , but don't forget to factor in home prices Prices are expected to continue climbing just at a more moderate pace And unde a moderate rise in prices may not be fun for you now , once you own a home , that growth will be a huge perk . That's the time in the market piece Sure , you could try timing the market , but the equity you'll be masing out on in the meantime is something to seriously consider you're ready and able to buy now , you have to decide is it really worth waiting ? This is why timing the market may not pay off if you're ready and Rather than focusing on timing the market . It's better to have able to buy now THE PROOF IS IN THE PUDDING HOW HOMEOWNERS BENEFIT FROM RISING HOME PRICES time in the market As US News Real Estate susp " Theres never a one - size fes - all answer to whether now is the precisely what the market will do in the near future Delaying your pans ao means masing out on the equity you'd ganght time to buy a home . There's also no way to predict you went ahead with your purchase today . And the potential equity gans that are at stake my you Each quarter , Fannie Mae releases the Home Price Expectations Survey , it asks over one hundred economists real estate experts and investment and market strategists what they forecast for nome prices over the next five years in the latest release experts are projecting home prices will continue to ne through at least 200 BOTTOM LINE Perfectly timing the market shouldn't be the goal . This decision should be determined by your personal needs financial means and the time you have to find the night home " if you're debating whether to buy now or wart remember it's time in the market , not timing the market . And if you want to get the ball rolling and set yourself up for those big equity gains , let's connect to make it happen bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Trena Unrein , Brian Unrein Autumn Barrett , Don Bailey . Jeff Keenfuss , Kree Christie , Linda Stel , Makaya Cervone , Michael Scott Dosch , Heidi Lutz , Mehdi Sepah , and Donna Justin