"The Only Market That Matters Is Yours"

For months now, the national media has been bombarding watchers of the news and readers of the newspapers with "real estate experts" stating that the housing bubble has burst nation wide. Many of these experts are not real estate agents or in the field working with buyers and sellers daily. Also, real estate markets are local, not national. Any questions you may have about your real estate market should be directed to a real estate expert in your hometown.

Here’s what Gary Keller, co-founder and chairman of Keller Williams Realty has to say about waiting out the current market:

First, residential real estate is not a national market product — it is a local one. To say from a national position that this is either a good time or a bad time to buy real estate is like saying the national forecast for the U.S. today is 92 degrees — it is a useless and irrelevant perspective. What is happening in your local market is all that matters.

Second, trying to predict when it is a good time to buy, or not, means you’re trying to time the market. Staying on the sidelines is the surest way for most people to never time anything correctly.

Last, and maybe most important — there are always two markets in every market. There is the market of properties that are good buys and there is the market of properties that are not a good buys. Interestingly enough, this is true in either buyer or seller markets. To categorically say that this is the time to buy or not is absolutely ignoring the fact that every market really has two markets inside it.

If you have any questions about the condition of the Myrtle Beach area real estate market, I am your local real estate expert, and you can ask me. I will be happy to help you with any real estate questions - whether you are a buyer or a seller!