I’m writing today specifically to give you permission to transact.

If you’ve met with your family and your financial advisor and you’ve collectively decided that it makes sense for your financial plan to acquire a new property - do it.

If you’ve met with your family and your financial advisor and you’ve collectively decided that it makes sense for your financial plan to sell a property you currently own - do it.

I’m seeing too much concern/anxiety out there about where real estate markets will go from here and how to best “time” one's next real estate transaction. I don’t see a lot of value in speculating or prognosticating about where your gut (or my gut) is telling us about the direction of real estate prices. My encouragement today will be on the importance of patience and how fear and greed typically cause the most damage.

Note, the focal point for me today is more on one’s primary residence or second home. There is a different type of analysis when discussing investment properties. For investment properties, we’d most likely be juxtaposing multiple opportunities and concluding which poses the optimal risk/reward outcome. The acquisition or sale of a residence - your home specifically - will have more qualitative factors that need to be weighed, assessed, and considered.

Links mentioned in this episode: