Now is the Time To Buy That New Home!

Sellers have to also be careful if they lower the price to where it should be Buyers still want to lowball and fell they got a deal... interesting times for sure!

Your Friend in Charlottesville Virginia!

My son has taken the advice and is searching for his first home.  He lives in Maryland, so I can't help him in the search, but he has sure called me quite often with lots of questions.  (He has never called me this often, ever.)  He may have found himself a home already. 

BLR Guy,

I like the idea of using a Buyer's Agent, the consumer will have an advocate on their side. 

blrguy...

   how do you get people to understand.. that replacement costs, construction materials are still rising (China and other countries demands are jumping), labour continues upward with inflation.. even diesel for contractor's trucks etc. is $4.00 gallon plus..  that it's going to be hard to see prices drop like some wishful hope..

   especially considering that the median is already in many markets at or below historical multiples...

   Now add 3 million plus a year to each years population.. people living longer...  new home construction being cut.... that supply and demand seems to be hard factor to change for one's own whims...

    unless you're buying or selling in a market with declining jobs and population....  those stable markets don't look that far down the road.. to many...

   of course, with rents rising.. lots of landlords are likely quite glad to see renters put off buying.. while they pick up some decent buys.....

In your way ED- you make a Good Point .... sure seems that THOSE DOING THE TALKING aren't  actually  in the market and aren't being paid by commission..

Better Go talk to some WORKING Knowledgeable Realtors who've been around and KNOW YOUR  LOCAL MARKETconditions... sounds better than reading a journalism major on some other coast (who may be still renting wishing they had bought sooner too! LOL)..  maybe you are in an area losing jobs and people moving away as fast as the truck is loaded- a good Realtor will let you realistically know what to expect there..

Don't forget agents are paid for doing the job and closing the deal for EVERYBODY!.. commissions are paid only when the service is rendered regardless of the selling price agreed upon... good markets or bad... prices up or down...  check with your local banks- most know it pays to retain knowledge & experience to best 'get the job done' and chose to use Realtors to sell those fore-closured homes... financial institutions aren't in the business to lose money....so they too must be finding Realtors are best in helping their bottom line!

(shame, those economists and  article writers you'll paying attention to.. aren't being paid a commission and only being paid when they are right...might be smart to start paying attention to how much real- real estate experience those pen pushers actually have before listening to their tips on how to bet.. your hard earned dollar) oh, BTW  most jobs do depend upon commission sales people to move product.. even if your job making it is  paid by the hour..seems a little motivation (coupled with specialized knowledge) gets the job done..and delivered at the best price possible..  Some still recognize COMPETITION and a free market can be  a good thing for the country. Supply and Demand still works... and blaming agents for market conditions doesn't change the facts of the market.

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AND YES...ED....you can generally find that there's alway seems to be some talking mules that are a little slow to get on the right track..

but it's important to make sure you're listening to the ones going in the right direction!

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There sure was a lot of those media writers who predicted a housing "BUST" for years and years before prices stopped going up...  sure seems like if someone listened to them a lot of money would of been lost at the table to someone else.. and last time I checked , in most markets, prices are still FAR MORE EXPENSIVE even at a foreclosure sell than if buying just a few years ago... (not to mention..no one mentions paying RENT vs. that mortgage payment doesn't "save" much even during the month!)

but everybody's free to keep renting.... just haven't seen anybody make much money paying profits to somebody else who's the real  equity owner, have you?

ED's still talking, "Always a bottom when you are paid a commission"  no doubt regardless...

 others are  calmly considering  the fact that:

 While some are still indulging the whims of looking for the  bottom

 and ending up completely empty..

  some are busy filling their glasses

living &  enjoying their one time in this party

where, when, and how they want..

Isn't it most likely that for those thinking that their personal house is NOT first and foremost a home,

dictated by their lifestyle... but rather merely a principal investment...

likely they were strongly  influenced by the media.

now didn't that kind of thinking  come from reading those salaried article writer's opinions?

Meanwhile, although acknowledging the historically based  potential economic wisdom of buying your home; wasn't it  those Good Realtors who told you about the costs and warned about possible pitfalls-  those taxes,insurance, mortgage payments, maintenance repairs soon needed.... as well as  the jobs,  schools, churches, parks, attractions, location factors as well as changes happening in the community?...

not to mention helping you find the best available options for your interests and budget..

Yes Sir... there's "Always a bottom when you are paid a commission"- TRYING TO DO THE BEST FOR YOUR CLIENT THAT YOU POSSIBLY CAN! 

Not only is it morally right, it's the way to successful close the deal to actually get paid for all your efforts; but also the only real way to build future business.  Long term interests over ride short term gains with true Professionals.

"Always a bottom when you are paid a commission"     The bottom-line is... doing it RIGHT!