I feel many buyers now are thinking of why they do not want to buy a home rather than why to buy a home. It is funny some of the reasons buyers use for not buying a home. Here are a few reasons we have been getting:
1. Prices are going down more
2. Interest rates are going down more.
3. The economy may get worse
4. All kinds of little reasons- carpet wrong color, paint wrong color, no pool, bedrooms too close to great room, exposure wrong, HOA dues too high, don't like tile and/or carpet, price too high, neighbors too close, HOA does not cover enough.
There are many more reasons we hear on a daily basis. We role play these objections in our office. I have not seen the market like this that people have so much resistance to buying. I sure hope this changes soon.
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