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Despite the fact that some sources predict a recession starting in the fourth quarter, waiting for the perfect time to invest can result in missed opportunities. It's common to hear people sitting on their cash, waiting for the market to stabilize before investing. However, as an experienced realtor of nearly two decades, I advise my clients that if they are investing for the long-term, they should not be afraid to invest in most environments.
Trying to time the market can be a risky strategy, and there are some advantages to investing in real estate during uncertain times. Right now in your market there may be less competition from other buyers who are holding back due to economic concerns, which could lead to better deals for those who are ready to invest.
Of course, it's important to focus on the fundamentals of the investment property itself, regardless of market conditions. Is it in a desirable location? Does it have good cash flow potential? Is it structurally sound? These are the types of questions that investors should be asking themselves before making any investment decisions.
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