ATTENTION BUYERS!!! Buy Now! - this is the message industry experts are attempting to convey. And not just because someone needs that extra sale or needed commission. With mortgage rates at historical lows, and property values at or near bottom, industry insiders are scratching their heads wondering why more people aren't taking advantage of this great buying opportunity.
As the renowned real estate trainer and mentor David Knox quotes:
"Some get it, some don't!
Some will, some won't!
Those who do, do! Those who don't, don't!"
The message is really simple from a different perspective. REALTORS and agents across the country know how trying it has been to find good qualified buyers. They are out there! Finding Buyers hasn't been my problem - it's getting them to move. Those that are eligible to buy it seems are fence-sitting waiting for the bottom of the market. "My Uncle Ned told me I should wait for the bottom of the market!" Uncle Ned, the meatcutter, pipefitter, airline pilot, etc. Everybody has an Uncle Ned, right? Uncle Ned's advice isn't close to the same advice a local REALTOR or Mortgage Professional would give.
The other day, I asked a friend of mine who plays the stock market, whether he has ever successfully timed the bottom of a market swing. His reply - "No." If market timing were that simple, there would be many more rich people in this world. Everything we were ever taught, while in school and during the course of our entire lives, was to always Buy Low and Sell High! If most buyers would concentrate more on just buying low with historically low interest rates, then market timing isn't really that important. Waiting for prices to drop another 5-10% means nothing when interest rates climb three quarters to a point above where they currently are.
Consumers will lead us out of this recession and when it's all in the rear-view mirror, there will be a big collective sigh of relief and two catagories of post recession comments: 1) "I'm sure glad we bought when we did!" and 2) "I sure wish I would have bought when the market was at the bottom."
You see, nobody knows what the bottom looks like when you are there. It's only when your on the way up that you recognize it. By then, you missed it!
Hello Johnny Public! Thinking about buying? JUST DO IT!!!
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Randy Landis, Broker Associate, ABR, ACRE, GRI, RFS
SERVING
Tupelo MS / Saltillo MS / Guntown MS / Belden MS / Plantersville MS / Verona MS
Baldwyn MS / Fulton MS / Pontotoc MS / Sherman MS / Blue Springs MS
*Lee County*Prentiss County*Itawamba County*Pontotoc County*Union County*Monroe County
Randy Landis, MS Real Estate Broker, B-15996, GRI (Graduate Realtor Institute), ABR (Accredited Buyer Representative), ACRE (Accredited Consultant in Real Estate), RFS (Residential Finance Specialist) HUD Registered/Certified Selling Broker (Buyer Representation)
Click to visit Tupelo Area Homes . com
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once again, a real estate "professional" provides some of the worst advice in the current market. no one will time the bottom, but if there is more bottom to come, now isn't the time to buy. if real estate "professionals" would ever figure out that we've been in a bubble and bubbles usually pop about as much as they inflate, then maybe they could start convincing sellers that their homes aren't worth as much as they think they are. real estate "professionals" forget they have a conflict of interest and therefore should declare as much when pretending to give "professional" advice.