All Forum Posts by: Joe Szymczyk
Joe Szymczyk has started 10 posts and replied 63 times.
Post: Sale timing? Market peak getting close
- va beach, va
- Posts 66
- Votes 4
Originally posted by @Andrew Syrios:
I would guess we're nearing the peak, but I was guessing the same thing a year ago. You never can be 100% (or even close) when it comes to trying to guess the market.
Andrew in my area RE has not recovered yet to 2007 prices ...I would hope we get to that level and pass it a little before we drop again.
Post: Sale timing? Market peak getting close
- va beach, va
- Posts 66
- Votes 4
Originally posted by @Lawrence Leung:
Joe Sz , Crystal balls and speculation aside, nobody on BP can give you a specific answer to what you should do because everyone’s situation is different. The best (IMHO)you can do is seek out a tax and wealth advisor that you can work with so they can better understand your long term preferences as it relates to your estate and then give you advice on sustainable income into retirement (passive and/or retirement accounts), charitable preferences and heirs, if applicable. One you have a strategy, you can work with the advisor to decide on which real estate vehicles can help you going forward like what @Jay Hinrichs suggested.
I am the financial adviser. I am looking to see if anyone is using any tools or signal ...that help estimate when things are getting to a point when it's wise to sell due to indicators ....even if market rises more..its ok...long as I have the ability to know that things are high in value...
Post: Sale timing? Market peak getting close
- va beach, va
- Posts 66
- Votes 4
Hello,
How are you guys determining when a proper/ty has maxed out its value from the market recovery and its time to sell ?
How are you detetmining when we are close to a peak in the housing market?
Is anyone using real estate for income in their retirement. Years? Or is everyone liquidating be for 70?...how long you think u will keep the rentals into retirement?
Other than 2007 wwhen were the other drops in real estate values that were huge?