Real Estate: Which way is up?

Contributor Jeff Popick concludes that in today’s market, there is no one right answer for every person or for every situation

Real estate buyers, sellers and, well, everyone else for that matter, are being bombarded with so much conflicting data. We’re at the bottom; we’re headed down deeper; real estate is recovering; real estate is tanking. So what’s a prudent person to do?

Proceed with caution.

Try to absorb as much information as you can, while also taking into account the source of the information.

If the National Association of Realtors tells you that now is a great time to be buying real estate, you might peel yourself off the sidelines and make a beeline to your next purchase of real property.

But wait. When has the National Association of Realtors ever said not to buy?

If your uncle tells you the sky is falling and that you should sell your property immediately, it might be with all the right intentions, but it might also be that Uncle Jed is getting his information from members of his “trusted” bridge club in Tennessee.

The fact remains, in this economic environment, there is no one right answer for every person or for every situation.

Because you know your situation best, and because your family’s future is nobody’s responsibility but yours, you need to be more vigilant than ever.

Some good news is that a new program, Real Estate Masterminds has taken to the Collier County airwaves on 98.9 FM WGUF.

The show will be on every Saturday and Sunday morning from 9 to 10 a.m., and will offer listeners straight talk and profitable insights on all things real estate. Oh, and by the way, it will be hosted by yours truly, Jeff Popick.

An early revelation this Saturday, Popick says, will be the secret to getting property sold – even in this market.

“Some of the misinformation out there is stemming from the real estate community itself,” says Popick.

“I recently heard about a woman who has had her property listed for sale for 18 months, and her real estate agent assured her it is realistically priced. That’s unconscionable, and an all-too-common tragedy.”

© 2009 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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