It occurred to me this morning that can getting our news and information these days can be a little like being an oyster on the beach.
There is the overwhelming amount of information out there. It is almost a Tsunami of content.
Sometimes it means you get covered with green slime.
You can use something like Google reader and the shared items of friends.
Blogs offer another alternative. Unfortunately like mine, they are all over the place.
You can try to find websites that are about areas that interest you. You can look into forums where people are known by their handles and their online expertise, but they have their own set of problems.
My best advice is to make sure you temper what you read with some of your own research and thought.
The problem is that doing that is easier said than done. It is hard to detach yourself and your interests from the bigger picture.
Sometimes the information we are hearing from all the sources is so overwhelming that people end up paralyzed. That is close to what has happened to the real estate market today.
There is so much negative press and discussion out there, that people are afraid to act or think in their own best interest. I have more people looking for property than I have seen in a long time, but last month Carteret County, NC MLS had a record low number of transactions. This February may be worse.
People seem to be waiting for a signal. I am not sure what the signal is, but I doubt we will know until we are well past it, and prices have started to rise.
As I mentioned in a post on my Reston blog, the huge price gains of the last few years have disappeared. We have more affordable housing at the coast than many urban areas.
I remember when people first start buying computers, you often heard the idea that it was better to wait until prices quit going down. It would have been a long wait.
Of course I didn’t wait. I got my first Apple II+ in August 1982. I ended up working for Apple for nearly twenty years.
Had I waited, I might never have had that opportunity.
Another example is the purchase of coastal property that my wife and I in September 2006. We bought near Cape Carteret, NC at not far from the top of the real estate market. I knew it was close to the top of the market, but we had been looking for three years so we bought, and I even went a step further.
I ended up being so impressed with the real estate firm that I decided to become a Realtor®.
Eighteen months later I have just received a reward from my firm, Bluewater GMAC Real Estate, as the “Up and Coming Star” for 2007.
While real estate is a challenging profession right now, I think it will be a good fit for my third career.
On top of that I have looked at about 250 homes since we bought ours. I still have not found one that I like more or one with the same features at a better price than ours in Bluewater Cove.
If we had waited to buy, I might not be in real estate. I certainly would not be ready for the good times when they eventually get here. There probably won’t be enough real estate agents when the market turns because many are quitting now.
I would have also missed some the great weather and beach living here in Carteret County.
I feel fortunate to have not let myself get caught in the green slime that drifts by these days.
Sometimes you just have to find your own current instead of staying on the beach and taking what drifts by you.