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To be or not to be...

By Phil Mahr

Real Estate Agent with World Class Properties

April 27, 2010 03:17 PM

Recently, I had a client tell me he's waiting to purchase a home, thinking home values will continue to drop. He's not alone, many buyers are fence sitting waiting to see what happens. What's the problem with this mind set? First, no one really knows what's going to happen. Yes, most likely we will have higher end real estate still decline, and yes we do have the all mysterious "Shadow Inventory."

Is this enough for us to play the wait and see game? Rates are at an all time low and waiting could force you to take a higher rate. A 1% rate change may wipe out any gains you might make waiting for the perfect time to buy. The big questions is; in your particular price range, how much more will home prices drop and is it worth waiting?

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Sara Woolford & Steve Golson, ALHS

iTexas Realty Co. - San Antonio, TX

Hi Chris-

I have no idea what these people are waiting for. this is the time.

-Sara in San Antonio

Apr 27, 2010 03:34 PM

David North

Coldwell Banker Bain - Duvall, WA

for a rewarding real estate experience

It's a great time to be in touch with the various market fundamentals and be giving honest advice to clients based on how those fundamentals align or don't align with their goals and circumstances, isn't it? Good advice is always precious, but especially so when multiple, sometimes conflicting changes are occurring in the market.

Apr 27, 2010 03:39 PM

Linda Hinson

S & L Properties - Calabash, NC

I am so sick of hearing that prices may go lower I think I will wait. In our area, you can still get good buys but no steals...many have already missed the timing.

Apr 27, 2010 03:49 PM

Lisa Walston

Atlas Property Group and Abbey Church Properties - Greenwood, IN

You can't time the real estate market any more than you can time the stock market. Buy a home if you want (need) a home. Don't buy if you don't want or need to. It should be pretty basic but people try to outsmart everyone else and they all make it too darned complicated.

Apr 27, 2010 03:52 PM

Don Spera

CR Property Group, LLC - East York, PA

Serving York and Adams County, PA

I don't like speculation. We play the cards that are dealt us. Those of us that were in the business when the interest rates were 13% found ways to make things work, we just have to stay as creative as possible by keeping up with all the programs that are set forth and utilize them in the best interest of our client. As a wise instructor told his class one day, "what do you do with the people that are sitting on the fence"? He said sharpen the post. That will make them fall one way or the other. Meaning, offer a better incentive and they will fall your way or just not be serious enough.

Apr 27, 2010 06:28 PM

Sergio Rebollo Jr.

Real Estate TeamMates - Miami, FL

Welcome to ActiveRain. This is a great community to network with others as well a great place to learn from other's experiences and knowledge. I've enjoyed it; I hope you enjoy it as well.

May 03, 2010 10:52 AM

Letitia Stevenson

BHHS Fox & Roach | www.DelawareValleyRE.com - Greenville, DE

Listing Agent DE/PA/MD, Digital Marketer & Coach

Chris, Welcome to Active Rain! Active Rain is a great place to share your knowledge, expertise and thoughts, as well as network and learn so much from the vast pool of talent already onboard.

Welcome Aboard and Much Success!

May 18, 2010 10:34 AM

To be or not to be...

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