The big question on everyone’s minds these days is, “What is the real estate market going to do in 2019?” Will it go up or is there a crash on the horizon? The answer is anyone’s guess.
Many real estate experts like to predict the future path of the market, but the reality is, no one knows for sure what it will do. That’s the nature of the real estate market: it fluctuates. The only thing anyone can know for sure is that the market WILL change because it always does. That little thing called supply and demand ensures that a market – any market – will change, for the good or for the bad, eventually
Preparing Yourself for Market Fluctuations
Since it’s guaranteed that the real estate market will fluctuate, it’s important you prepare yourself for these changes. Here are a couple of smart moves for anyone who dabbles in real estate investing.
Listen to Experience
Whether you’re new to investing or an old pro, it’s a good idea to listen to others who are more experienced than you. Let them tell you what they think the market is going to do, but never put faith in someone who says they know without a doubt what the market is going to do. No one has an actual working crystal ball that sees the future. And definitely steer clear of people who tell you the market is going to crash “because it’s due.” It simply doesn’t work that way.
Make Smart Deals.
While it’s good to listen to others who have “been there, done that,” it’s important not to make rash decisions based on their opinions. Don’t make sketchy deals and be sure to include a “just in case” clause to protect yourself and your investing business should the market take a nosedive.
There’s no way for anyone to know what the real estate market is going to do. It could go up, and it could just as easily experience another crash. Trying to predict its course is an act of futility. Rather than trying to figure out what it’s going to do, it’s best to be smart in your dealings and protect yourself “just in case.”