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Foreclosures Inside Edition! Shall we continue making the same mistakes again and again? Warren Buffet's lesson and more.

By
Real Estate Agent with EWM

Miami, September 11, 2008

Prices are smacking the real estate market, and now more than ever, it is time to buy. And you might think: "Ah, this is coming from a desperate realtor trying to make a sale". Well, let me remind you of a few facts.

 We've been taught by the elderly and by our teachers that we learn from experience. However, reality shows us that many human beings, or most of us, tend to repeat our mistakes.

During the real estate craze of the early 2000s, everybody was buying condos and homes because their friends, their mother in laws, their distant cousins, their next-door neighbors and even their  bitter enemies were "investing" in real estate. Later on, many of us realized "how foolish was I",  to follow what everybody was doing.

And. Now what? We are repeating the same behavior. Nobody is buying because the market is "plunging"; nobody is buying because prices are going to "keep declining"; nobody is buying because there are "too many foreclosures"; nobody is buying because "Obama is going to be the next President of the US"; nobody is buying because "McCain is going to be  the next President of the US"; nobody is buying because "I don't like Biden"; nobody is buying because "I don't like Sara Paulin"; and so on and so forth. Bottom line NOBODY IS BUYING, and guess what? As Warren Buffet says it: "Be willing to be different. Do not do base your decisions upon what everyone is doing or saying".

So ... what are we waiting for? Prices are low, interest rates are low, sellers are depressed ... so weight your options and go for it.

Adriana Faerman

  

ADRIANA FAERMAN, PA

BROKER ASSOCIATE

Your Green Friendly Realtor

M 305.773.0253

F 786 524 2210

  

                                                       

 

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