I have read several posts lately from around the country that testify to the fact that more and more buyers are missing out on potential deals. Because they are dragging their feet. I had one just last week. We found a house, a great deal almost $40,000 below tax value. No real repairs to be done except paint and carpet. He was supposed to come and sign Thursday and then Friday. Well then finally came in Monday, well when he got here in the morning to sign first thing I go to look and it is under contract. I have recently seen several other of my fellow AR members testify on their own blogs of the same thing. Good things do not last forever and this "PERFECT STORM" for buyers of a buyer's market and historically low interest rates will not last forever. Let's face it the theory of diminishing return is soon to be in effect. I heard on the new that the new construction numbers are at an all time low. Now this is a bad indicator for the economy but it is the free market healing itself in our arena. Now that there are not so many homes being built the inventory will start to go down. Once the inventory gets back down to a manageable level the market WILL TURN! Make no mistakes this will happen and for some buyers it will happen while they are asleep at the computer. They are going to see a once in a lifetime opportunity pass them right by. I saw some figures the other day stating that the last time the interest rates were this low was 1951. So OK that was 58 years ago. The average lifespan for a male is approximately 75 give or take a few years. So maybe in another 50 yearsthis will come back around since we all know everything works in a cycle. Don't know about you but I don't think I will still be here in another 50 years. This phenomenon may last another couple of months it may six months but, it will not last forever! Don't you wish you had bought Microsoft stock when it first came out or, Google. Now it is going to be soon don't you wish you had bought a home in the first quarter of 2009.
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