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Monday, October 27, 2008

Indecision in the Viera Real Estate Market

Do you ever find yourself facing a situation searching for an answer? We all do at some time. Sometimes we look for every tidbit of information, equipping ourselves with all the facts available so we can see the whole picture.

This is a good thing. After all, the best way to make any decision is to gather all the facts, analyze what we know, consider what we don't know and then....act.

Where is the market heading? Conventional (or should we say "popular"?) wisdom says downward, even more! Do we really know for sure?

No one has that answer...with 100% certainty. In the short run, it does seem to be continuing a downward trend. There is still uncertainty out there. This government bail out and its impact on the financial markets is still an unknown.

I was thinking this morning of a phrase I have heard many times through the years - paralysis by analysis. This appears to be where our Viera market is at this time.

Sure, folks are buying. Folks who have job transfers need homes. Folks who are leaving the area for jobs elsewhere. Folks are retiring from the northeast and moving to the Viera area.

Is this the best time to buy your Viera home? There is no one best answer to that question that fits all folks. The answer depends on your circumstances. Is this the best time to sell your Viera home? Again, your circumstances will dictate your response.

I can not tell you to buy now or wait. Because I do not know what the future market will be in a month or six months, I can't answer that question for you.

For some the answer is to buy or sell now; for others the decision is to wait.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty Rockledge, Florida. Call me if I can assist you in your efforts to buy or sell residential real estate in Viera, Suntree, Rockledge or Cocoa Florida.

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