[Stephen Husted] (0:00 - 1:30)
I had this buyer back in the market was crashing. I would say this was 2009-2010 range and she wanted to buy a condo. We went and looked at condos and she found this property and we sat out front and she looked at me and said, am I making the right decision on buying a house?
And I had told her, look, I don't have a crystal ball. I don't know what's going to go on in the market, but we already know what's been going on. You know, there was a lot of short sales and foreclosures at that time.
And this complex that she was buying in had so many foreclosures and short sales. And she moved forward. She bought the condo.
Then there was another unit, same size, went on the market and it was like a hundred grand below what she paid. And she freaked out. And I told her, you know, stay the course, you know, you're living in this property for a while.
You're not selling tomorrow, so you'll be good. Just stay in it. And fast forward to 2018, she finally then sold it.
And she made $550,000. But here's the thing. At that moment when she was going to write an offer, there was so many what ifs.
What if the market does this? You know, all these scenarios that were going on, you know, what if I can't get financing? You know, like there was just a lot of turmoil.
And so markets always are doing interesting things and people have to kind of adjust for it. But at the end of the day, if you can get into an asset and you stay in it over time, it usually works out in your favor. Not always, but usually.
