I still do not understand why there are so many buyers that are still on the fence and not taking the plunge into the market.  With home prices having dropped substantially and interest rates as low as they are, homes are on SALE.  The economy of course is not in very good shape, but people still need a roof over their head right?  If you don't own a home you are going to rent somewhere...why pay rent to someone when you could purchase a home and pay the same amount (or very close to it) monthly.  I have spoken to a good number of buyers who have money in the bank (which is losing money) and could easily purchase a home, but they are stuck on the idea that the economy is going to get much worse and prices are going to fall another 50%...

The economy is obviously in terrible shape and every market is different, but how much lower do you think home prices will go?  Maybe I'm too optimistic, but I'd rather my glass be half full then empty. 

Buyers, now is the time to buy real estate and if you are still skeptical at least look at your options.  Many first time home buyers have no idea that they can purchase a home when they are more then qualified.  Don't miss out on the REAL ESTATE SALE!

Chris M.T. Bodden

www.BoddenRealEstate.com

Chris M.T. Bodden - RA,CDPE

Keller Williams Realty

808-780-8857

chris@boddenrealestate.com

www.BoddenRealEstate.com

 

3 Comments on Buyers Beware...

MAR
05
2009
713,225 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

You are right Christ, this is the best time in 50 years to buy a home.  Not all people will loose their jobs!  And houses are priced as such that they could even make their mortgage payments with the unemployment if they do get laid off.  No one wants them to spend every cent that they qualify for! And even if they did loose their job you can stay in your home for almost a year in Indiana from the time you miss your first payment before the foreclosure process is complete.  How long do you think your landlord will let you stay?  Kind of a sick way to look at it, but in Indiana it is reality!
6:31am • #1
MAR
11
2009
131,631 Points 1 Featured Post

Its like double dutch.  They do not know when to jump in.  They keep thinking next month, next week, or next year will be better.  They don't realize the best time is now before they throw away more money renting.
9:02am • #2
316,859 Points 16 Featured Posts Localism Sponsor

Chris, all those undecided buyers will wait until the last minute to buy... and then complain that the prices are going up again!  It's just human nature...

Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

Regina P. Brown
11:44pm • #3


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Chris M.T. Bodden RA,CDPE- www.BoddenRealEstate.com

Kapolei, HI

More about me…

Keller Williams Realty

Address: 725 Kapiolani Blvd , Suite C302, Honolulu, HI, 96813

Office Phone: (808) 780-8857

Email Me

Chris M.T. Bodden's perspective on the local real estate market in Hawaii. I am committed to serving my clients needs in all aspects of real estate, & being their 'go to guy' when it comes to real estate. I specialize in residential real estate on Oahu/HI, covering everything from luxury properties to short sales & foreclosures. With the high number of foreclosures & short sales in todays market, I have adapted to keep the upper hand & make sure that my clients get the best service possible. In addition I also work extensively with people in the military who are relocating to or from Hawaii. First time home buyers are another major area of my expertise. I used to be a Loan Officer this is a huge asset to my clients because I can help point them in the right direction & make sure that they are getting the best deal possible. I have yet to have a client who has not been satisfied with my service. Buying or Selling real estate I can help you. More information at www.BoddenRealEstate.com.


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