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, Licensed Broker , MS B-15996

  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, Licensed MS Real Estate Broker acting in the capacity as Broker Assistant and Real Estate Consultant to Jimmy Langley, Managing Broker/Chief Appraiser at Jimmy Langley Realty and Associates. 

         Click to visit Tupelo Area Homes . com  

 

 

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3 Comments on Why Buy Now? ....when who knows whats coming.

MAR
21
2009

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.
chuckg
6:08pm • #1
MAR
22
2009
172,045 Points 5 Featured Posts Called Shot Master

Thanks for your insight Chuck, but I never once said we were at the bottom.  Buyers are under the belief, from sometimes ill-advisement, that they should wait.  Wait for what?  I suppose you have never invested in stocks either by using the wise method of 'Dollar Cost Averaging".  Were you aware that there are approximately 39 counties in the entire country that currently make up the housing bubble and the mass numbers of foreclosures are tied to these regional markets.  You can not build a home in our local market for what you can buy a house for and in some areas of our market, we were never overpriced to begin with.  Our local market is fairly representative of middle America.  You should understand that the problem is two-fold!  There is the bubble and then there is the sub-prime and lending debacle.  I will restate again, NOW IS THE TIME TO BUY IF YOU ARE Qualified and IN THE MARKET!  With the media 'professionals' saying there is possibly as much as a 12.5% correction left (and they are probably referring to the 'bubble regions'), then a further slight dip in prices will not matter to a serious buyer who can get in at historical low interest rates.  When inflation rears it's ugly head when the economy does pick up, rates will go up and it won't matter whether you missed the bottom by a month or six!!!  If you intend to own a home, then you should only be thinking long term.  You need to quit thinking like a speculator wherein a good part of the problem lies!
6:34pm • #2
MAR
25
2009
172,045 Points 5 Featured Posts Called Shot Master

I had to follow up with my previous post just to prove a point to CHUCK G., and if your listening Chuck, then what do you make of yesterday's (3/24/09) Wall St reports that exisiting home sales are UP,  and home prices are UP,  and for a little icing on the cake, durable goods orders were UP 3.4%.

Maybe my (and many other industry and economic leaders) advice was not exactly 'the worst', huh?

By the way Chuck, what industry do you work in?  I must have missed that.
8:43am • #3


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Randy Landis

Retired in Samar, Philippines

Tupelo, MS

More about me…

Retired in Samar

Address: 2000 Winfield Dr., Tupelo, MS, 38801

Office Phone: (662) 844-4624

Cell Phone: (662) 260-2626

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Broker Assistant and Real Estate Consultant to Jimmy Langley, Managing Broker and Chief Appraiser at Jimmy Langley Realty and Associates in Tupelo, MS. Tupelo Area Real Estate, home sales and marketing related information and discussions covering the NE MS area and beyond. Serving Tupelo, Belden, Saltillo, Guntown and surrounding communities. CAUTION - This blog MAY contain real-time comments and discussions surrounding the real estate industry, locally and beyond.


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