Some basic strategies can be used successfully in virtually all market conditions. Become educated in your local market first by understanding the large-scale trends from global down to national, regional, and specific neighborhoods. Learn about target neighborhoods, enlisting the aid of successful real estate professionals along the way.
These professionals will help interpret market indicators, such as the average length of time houses are sitting on the market this month versus last month or last year. Armed with this type of information, you will be able to make good decisions.