What Would You Do if you Found the Perfect House?

Good Saturday Morning Everyone,

I have a question for you today?  What would you do if you found the perfect property at the right price, would you move or let fear stop you from buying it?

Fear, such a little word with such a big meaning.  The uncertainty of the economy in the past few years has made us all fearful.  Buyers are afraid to buy for fear the value of the property they want will drop more.  Sellers are afraid to drop their prices because they think prices will go up again.  Renters are afraid to buy because they are more comfortable letting someone else worry about the care and upkeep of their home.  Everyone is afraid because the economy is still on very shaky ground.

I can't blame anyone for their fears but many people are losing out because of it.  I can't tell you how many disappointed buyers I have worked with in the past couple of years who have found the perfect property at a price they can afford who have walked away to "think" about it only to lose out to another buyer who was a little less uncertain than they were.

Time is of the essence, even in this market, to move on a property if you find what you want.  Keep in mind there are probably at least five or six other buyers out there who are looking for the same thing in the same neighborhood at the same price.  If their fear factor is less than yours, they win, you lose.  The banks are counting on that scenario on those foreclosures too.  They put properties out there at bait pricing hoping to spur multiple offers and bidding wars for their homes.  Is it right, no.  Are they getting away with it?  Yes, and they are doing it very successfully too.

The point of this post is to help all of you understand that in many years there has never been a better time to buy a home.  Paying rent is essentially helping someone else pay their own mortgage.  Staying in a home that is too small or two big because of fear is not the best course of action.  The USA economy is largely dependent on a healthy Real Estate Market because it keeps everyone working.  Plumbers are kept busy, electricians are working, stores sell goods to those plumbers and electricians and people moving need things for their homes. 

Fear is being reinforced daily by the News Media and the Government and in every aspect of our lives.  We are creating a society of fearful people who stay stationary because everyone tells us it is wrong to do anything else.  A stagnant economy and housing market only reinforces those media reports.  It keeps us all paralyzed with fear.  Shake off those fearful shackles and lets take our Country back from those would encourage us to stay fearful.  You can start it by making the move you need to make to better your own life.  Once that ball starts rolling it won't stop and things will get better.

Have a great weekend and I'll be back soon.  Until next time....

Sandra Paulow, Associate Broker, GRI, SFR  (928) 242-0300