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Time vs. Timing: The Power of Long-Term Ownership
New Woodstock Restaurant, Vendor Guides, and Atlanta Christkindl Market news!
Path & Post
November 19, 2024
Welcome To Off The Beaten Path
This week we cover:
🙌 Handpicked Tips: It’s All About Timing
📈 The Weekly Market Update
📅 Toro Development Company secured $560 million
🦄 A Luxury 6-Bedroom Home
📰 New Statistic for Housing Costs
🙌 Handpicked Tips For Buyers
Time in the Market vs. Timing the Market: What You Need to Know
Wondering whether to buy now or wait for "the perfect moment"? Here's what buyers must understand about real estate timing.
The Power of Long-Term Ownership:
Property values tend to double every 20 years (even with modest 3% annual growth)
You build equity while living in your investment
Avoid costly buying/selling fees from frequent moves
Ride out market fluctuations with confidence
Why Timing the Market Often Fails: Market timing sounds great in theory, but here's the reality:
Even experts can't consistently predict market peaks and valleys
Transaction costs eat into potential gains
Emotional decisions often lead to buying high and selling low
You miss out on years of potential appreciation waiting for the "perfect" moment
Smart Strategy for Today's Market: Focus on buying a home that fits your lifestyle and budget, then plan to stay put for at least 5-7 years. This approach has historically outperformed trying to time the market.
Quick Tip: Instead of timing the market, time your purchase around your personal and financial readiness. The best time to buy is when you're financially prepared and find a home you love.
Check out our detailed guide on making smart, long-term real estate decisions.
📈 The Weekly Market Update
This week the median list price for Metro Atlanta, GA is $405,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 31,934.
📅 Local Events
Toro Development Company secured financing for the $560 million, 42-acre development, slated for December.
The popular Atlanta Christkindl Market is opening a second location at Galleria on the Park in Cobb County this holiday season.
Fire & Stone Italian Pizza is set to open in Woodstock's historic train depot.
🦄 Unicorn Property of the Week
Luxury 6-Bedroom Home in Gated St Marlo for $1,350,000
📰 News Roundup
Snoop Dogg listed his Georgia mansion for $575,000, featuring 6 bedrooms and an in-law suite.
New York City banned mandatory broker fees, ending a long-standing practice of forcing tenants to pay landlord-hired agents.
A striking Sea Island mansion, designed by renowned architect John Portman in the 1980s, hit the market for $40 million.
MLSs remain vital to real estate, with industry leaders confirming their value for data accuracy, market efficiency, and consumer protection.