I’ve been getting 2 questions about this market.
- Is it a good time to sell? and
- Is it a good time to buy?
How can that be, you ask, since buyers’ market and sellers’ market are often quite different?
Let’s start with buyers: Should I Buy or Hold Off?
We’ve seen appreciation in the double digits for well beyond the past year. Some people are hoping if they wait it out, they’ll see a drop or a foreclosure event reminiscent of 2008/2009.
There doesn’t appear to be an end in sight. In some areas, we’re seeing the appreciation of 20% plus inside of just a couple of months. So, you can either get in NOW and ride that appreciation wave up OR you can choose to wait and let the prices get even higher.
![](https://heathertankersley.com/wp-content/webp-express/webp-images/uploads/2021/03/buying-a-house-in-this-market-300x216-1.jpg.webp)
So, while it may be frustrating to put in several offers before getting one accepted… or having to come in a good bit over the appraised value, it’s definitely worth getting in NOW!
Sellers: Should I Stay Put For A While Longer?
![](https://heathertankersley.com/wp-content/webp-express/webp-images/uploads/2021/03/seling-a-house-in-this-market-1.png.webp)
So, if you cash your equity out NOW, then you can start the clock over again while we ride the next wave (Remember, the Texas Demographic Center is predicting a population increase of nearly 28% between now and 2030).
This means you can potentially cash out A MILLION DOLLARS tax-free.