Listen. We don’t like thinking about it. We don’t like talking – or writing – about it. But the fact remains that like all things in life, real estate is cyclical in nature, ebbing and flowing like the tides.

But we also believe that despite this sobering reality, an ounce of prevention is worth a pound of cure and for those that prefer to be proactive, housing bubbles don’t have to be scary.

In fact, we’d argue they present incredible opportunities if viewed through the right lens with the right attitude, approach and – dare we say – real estate professionals at your side.

So if you’re reading the headlines – like we all are – and want to know how to prepare, here are a few tips to do just that.

1. Don’t Panic. Sure, the word ‘housing bubble’ has left all of us skittish but if you can afford your house payment, a troubled market is unlikely to affect you.

1. Employment. The more job security you have, the less likely an economic slowdown will affect you. So if you have a stable, reliable job, stay put and ride it out.

1. Fixed APR. Consider refinancing into a fixed-rate loan. And if you have a home equity loan with variable interest rates, consider refinancing both into a fixed-rate mortgage so you always know what to expect – and budget.

1. Don’t Move. While you might be tempted to bail, selling may cause you to lose money – and make it difficult to buy back in. Sit tight and remember that time will always correct a slumping market.

1. Mind The Gap. Be sure to maintain a gap of at least 20 percent between what your home is worth and the amount you owe. And the more you widen that gap now, the better you’ll weather an uncertain future.

1. Double Down. Whenever possible, pay extra toward your mortgage each month to bring down your debt quicker and reduce years from your payback period – and money owed from accrued interest.

1. Don’t Borrow. Even if your home has appreciated significantly, don’t cash out the equity as it will widen your debt and increase your monthly payment, sometimes leaving you owing more than the home is worth.

1. Keep It Cute. During a bubble, there are plenty of factors beyond your control but one thing you can control is maintaining your home’s value by continuing to perform routine repairs and maintenance.

1. Focus. While knowing your home’s current market value can be informative, your outstanding mortgage should always take precedence and deserves your focus as it’s your ticket to living rent-free for the rest of your life.

At DeLeon Sheffield, we’ve seen – and survived – it all and are here to help you do the same. So whether the time is right for you to buy or sell, or you think it’s best to stay put, we’re here for you, every step of the way, to ensure that your home is – and continues to be – your best investment yet.

Because at DeLeon Sheffield Company, ‘We’re More Than Realty; We’re Family.’