Here is an example of how this works.
The difference between the two homes is $200,000.
If the market comes off, say 10%, the price difference will now be $180,000.
“That’s $20,000 less than if you purchased when both homes were worth in an up market,” says Gladney. “This example will work every time and the higher the price the bigger the savings will be. That’s why Warren Buffet says ‘buy when everyone else is selling cause it’s really the best time.’”
“It’s impossible to say when we are at the bottom, but we do know we are on the right side of the buying curve” Gladney emphasized. “The only way to know when the market has bottomed out is when you see a price increase and by then it’s too late.”
At Morrison, we’re striving to balance our passion for building quality homes and positive building experiences with our commitment to keeping homebuyers, customers and staff healthy and safe. Read more about our response to the COVID-19 pandemic. While showhomes are still open to the public, showings are completed by appointment only. Please get in touch with us for more information or view and shop our homes online!