"If you don't own a home, buy one. If you own one home, buy another one. And if you own two homes, buy a third and lend your relatives the money to buy one." - John Paulson 9/27/2010

Can you believe this guy??? There is no question that John Paulson is a bull when it comes to residential real estate. Should we care what Mr. Paulson thinks? Should we listen to him? The answer to both questions is, without a doubt, ‘YES'. But who is John Paulson? Paulson is the person who made fortunes betting that the subprime mortgage mess would cause the the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell.

According to Forbes magazine John Paulson is: a multibillionaire hedge fund operator and the investment genius who made a killing going short subprime mortgages a few years ago. According to the Wall Street Journal Paulson is: a hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.

I couldn't agree more!

How many excuses have you heard in the past few months?

Some are legitamate but most aren't. It's that simple.

 

Here's some facts:

Prices on homes are the lowest they've been in years and years.

Mortgage rates fluxuate but they are still the lowest they've been in years too.

Selection of homes to buy is high, inventory is up.

 

All of this is equals some pretty darn good reasons to buy right now. I can understand if your job is in jeopardy or the economy has taken it's toll on you but for everyone else now is the time to buy.

Why wait until everyone else starts buying and jump on the bandwagon? Prices go up, selection goes down and you get into bidding wars. Remember those? Now you might be saying "well, the prices might come down just a little more". Really? I don't have a crystal ball but I'll tell you this, and history has a way of repeating itself, when it does start getting busy again the prices will go up, creating a "snowball" effect. Too many homeowners have lost  serious amounts of equity and they'll be looking to recover that asap. It's only human nature.

So if you're a buyer or a potential buyer, take advantage of this market and you won't have to be one of the people that will be saying "I should have bought in 2011".

The prospect of spending a beautiful Sunday afternoon stuck inside of somebody else's house by myself did not exactly thrill me. You get to stare longingly out the windows, as the world and sometimes your life, passes you by. There are children joyfully playing, neighbors triumphantly walking in exercise, and cars driving by filled with the anticipation of going somewhere new and exciting. But not I. I am here. In this house with only a couple  hours of solitary confinement to look forward to. Help!

Did you ever feel that way?

Yesterday was unexpected. Maybe the stars were aligned differently or I was just due, who knows. But yesterday was indeed very different. I arranged my paperwork on the kitchen table and walked to the door to see what I'd be missing today. Lo and behold, there in the driveway was a potential buyer waiting for me to "open". That was different. I almost asked her if she was lost or if she was just a nosey neighbor. Turns out she saw the advertising and really wanted to see the home. Wow. It didn't stop there either, a total of 7 different groups visited and 4 of them are serious, genuine buyers. Doing some quick Math, I realized that since there was only 1 home to sell the 4 different buyers, I have to find some more houses quick (-;

What a great way to spend a Sunday afternoon!

 

 

If Shakespeare was with us today, would those be his famous words?  Or perhaps Woody Allen would have said it instead. One can only wonder...

Anyway, since I just joined Active Rain, I have been debating with myself (and yes, it gets ugly sometimes) about blogging. Before I expound on my dilemma, I have to first ask the most obvious question, and that is, what exactly is a blog? For that matter, does the word blogging have one g or two g's??? And whose brainchild was it that keyed the vernacular "blog" in the first place. According to one source, the term blog is defined as "To write entries in, add material to, or maintain a weblog." Okay, that works for me but I do not ever want to be referred to as a "blogger". Ever. Many an uncomplimentary dispersion have been cast my way but that word conjures many 'mental pictures' that no one would want to be associated with. Sorry. And to further emphsise the point, what does that make you who are reading this??? A blogee? I certainly hope not.

No delima anymore, I will blog. You have my solemn word. I will try my best to write not only entertaining but also informative blogs to all my fellow, dare I say, blogmates. Ouch.

Step aside "location, location, location", it's time for "blog, blog, blog".