It's a Buyer's Market, So What Are You Waiting For?

Real Estate Agent with Long & Foster Real Estate, Inc.

Maryland residents know that we're in a buyer's market, yet there are prospective home buyer's still sitting on the sidelines, risking every day that market conditions could be less favorable for them when they finally get into the game. 

The situation kinda reminds me of this cartoon:

Cartoon Fish - Credit R. Bolen

The procrastinating fish isn't really going to enjoy any benefit by (1) waiting for a bigger worm or (2) taking the bait now.  He's going to end up on someone's dinner plate, whichever choice he makes.

On the other hand, a procrastinating home buyer will benefit from taking advantage of today's buyer's market:  He and his family can start enjoying that bigger home in a better neighborhood NOW.

My advice:  Stop making excuses!  Finish those repairs to your current home so you can sell or rent it and buy another home... File that late tax return so you can qualify for a home loan... Make an appointment to see some available homes today - you will probably be amazed at the opportunities available now.


How many ways can we say this? It's a Buyer's Market!

shame on you!

Es un mercado de compradores (Spanish)

C'est un marché d'acheteurs (French)

這是一個買方市場 (Chinese)

Es ist ein Käufermarkt (German)

Đó là một thị trường của người mua (Vietnamese)

É um mercado comprador (Portuguese)

Translations:  Google Translate

Last but not least...

No one wants to hear those dreaded words from mom, "I told you so!" - If you don't take advantage of this buyer's market and you blow the opportunity to raise your children in a better neighborhood, she'll haunt you forever with those words ringing in your ears. 

Just sayin'...

Cartoon:  Thank you, Richard Bolen


Posted by

This infoMargaret Wodarmation was provided to you by Margaret Woda, an Associate Broker with Long & Foster Real Estate in Crofton Maryland. Contact Margaret today for general real estate information or to learn how she can help you buy or sell a home in Annapolis, Bowie, Crofton, Davidsonville, Gambrills, and Odenton. 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Ellie McIntire 03/28/2011 02:52 PM
  2. Barbara Michaluk 04/13/2011 10:50 AM
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Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Margaret

Thanks for the post and information. It is a buyer's market ;-). Have a good day.

Mar 15, 2011 01:31 AM #1
Alan Gross
PrimeLending, A PlainsCapital Company - Bethesda, MD
Loan Consultant

Not only are the home prices down and they are starting to stabilize and head up in the Washington area, but interest rates are rising. The rising rates will push some potential buyers out of the market and make it more expensive for others.

Mar 15, 2011 01:49 AM #2
Terrie Leighton
Ferrari-Lund Real Estate - Reno, NV
Reno Real Estate Agent ~ Selling Homes in Reno

I have a feeling there will be many who wait to long and will be kicking themselves for not taking advantage of the current buyers market!!

Mar 15, 2011 02:32 AM #3
Glenn Roberts
Retired - Seattle, WA

I recently read a book called Influencer but haven't seemed to mastered the technique yet. I've told many buyers that they should buy but most haven't made the move.

Mar 15, 2011 02:39 AM #4
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

You are right Margaret, so many are waiting and then disappointed when they find out they have waited too long when they find out the home they had their eye on is now gone.

Mar 15, 2011 03:40 AM #5
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Margaret, he who hesitates is lost and with the opportunities out there while mortgage rates are still low and the PMI insurance hasn't gone up as yet. It's money in their pocket.

Mar 15, 2011 05:33 AM #6
Judy Jennings
The Green Company - Ashland, MA
Broker - The Lanterns at Warren Woods - Ashland MA

Margaret - Nice touch with the different languages and the cartoon. Hopefully your procrastinating buyers (and mine) will get the message soon.

Mar 15, 2011 11:56 PM #7
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

LOL... This was inspired by someone very near and dear to my heart.  I just wnat to shake them and say, "What are you waiting f.or - REALLY?"  So many excuses and nothing real.  I know they're going to regret waiting.

Patrick, thanks for your comment.

Alan, you're right on!

Terrie,  I agree.

Glenn, Maybe I should check out that book.

Steve, I fear this combination of interest rate and prices will not last forever, and procrastinating buyers will los.

Ed, Have you figured out the magic words?  I can't get through to some folks who know they need to move, have the means to move, and are simply procrastinating.

Judy, Thank you!  I love that cartoon, and I contacted Richard when they first posted it... I think 2006-2007.


Mar 16, 2011 12:56 AM #8
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

Timely message, Margaret. I hope all of the buyers out there are listening, for all of their sakes. Where's that reblog button when you need it???

Mar 16, 2011 03:02 PM #9
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

William - I think it's there! (the re-blog button)  Anyway, I know too many people who could read this and think it's just for them.

Mar 17, 2011 03:14 AM #10
Janice Sutton
1st Stage Property Transformations - Murrieta, CA
Home Stager - Temecula Murrieta

Very cute post with a BIG message!  Hope everyone is listening!! :)

Mar 24, 2011 12:19 PM #11
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Howard County & Catonsville

YUP. Very glad the re-blog is working again. Great Maryland motivational post.

Mar 28, 2011 02:53 PM #12
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Margaret, buyer who are waiting for the "right time" or for the "bottom" just might miss the proverbial boat all together.

Mar 29, 2011 01:49 AM #13
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Margaret..What a true and adorable post ..especially about mother told me ..Thanks


Mar 29, 2011 09:54 AM #14
Thom Abbott |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

It's like the perfect storm....people should be buying because of the great opportunities...yet they are waiting.

One of my investors may be jumping in again...thank goodness!

Great advice for those Buyers' that are waiting for that worm to get bigger!

Search Metropolis Midtown Atlanta Condos For Sale

Mar 29, 2011 03:03 PM #15
Joyce Godwin, Realtor, CRS
14257 FM 2920 #115 - Tomball, TX
RE/MAX Elite Properties

Margaret,  With interest rates as low as they are, potential buyers who are renting, should really think twice before "waiting."  And sellers who don't want to sell because they aren't getting what they want for their current property, should rationalize that they will probably be able to make it up on the property they purchase -- and at a lower interest rate than they may get later.  Cute cartoon.

Mar 30, 2011 09:35 AM #16
Emily Medvec
Realty One of Santa Fe - Santa Fe, NM
Realtor | Serving Santa Fe & Northern NM

Waiting is not an option in a buyer's market. I still remember when they were off the fence so fast in a seller's market. There is a disconnect for some still waiting for the "bigger" worm per your graphic image, however, the smart ones are taking advantage of interest rates and often figuring out a way to finish their dream of their next move. Good post!

Apr 09, 2011 12:25 PM #17
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Maryland Real Estate & Military Relocation
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