Real estate guessing game

Brandon Scott is a Sherwood Park & Edmonton based mortgage consultant and the author of a weekly column entitled Real Estate Solutions in the Sherwood Park News. This article was originally published on January 11, 2013 The year 2012 is officially history and with the New Year upon us it is common to see many helpful advice columns. These lists contain a lot of advice on how to live a more balanced life, keeping New Year resolutions, working-out, losing weight and numerous other topics. There are also people that will make predictions for what will likely happen in the New Year. Truthfully, does anyone really know with certainty what the upcoming year holds?  Sure we can try to speculate when certain events will occur but there is no guarantee. Real estate is no different. How much will the value of your home appreciate in 2013? Or will this be the year that interest rates rise? Common questions but the answers can be quite complicated or cloudy at best since there are numerous factors which impact our economy. There will always be someone that tries to make a guess based on the information they have about what the future holds. Look for example at the recent Mayan apocalypse which clearly did not come to pass. How many people fretted or worried for nothing? There is a phrase that says something like “Who of you by worrying can add a single hour to his life?” To relate this to real estate, who of you by worrying can sell your house for top dollar, or ensure the rates don’t sky rocket? No one can. So for the upcoming year, regardless of what may come to pass, whether you need to purchase, sell a home, or lock in an interest-rate surround yourself with as much information you can, make a decision that you think is best for your current situation and leave the lists and predictions behind. Save yourself the anxiety and stress of trying to figure it all out and enjoy the place you call home for the benefits it provides today; knowing tomorrow will take care-of itself when it arrives. Wishing all of Sherwood Park and Strathcona county health and happiness for 2013. Download the current e-edition of the Sherwood Park News