low interest rates: Buy Now No Need To Wait Any Longer
- 08/24/11 07:48 PM
Tim illustrates that the effect of a 1% drop in interest rate is akin to home price dropping by 10%. That's got to make buyers sit up and take notice. I also like how he presents the case to "Buy now, no need to wait any longer" which conveys the message a little more effectively than the ubiquitous "It's a good time to buy." Go check out Tim's other blogs. There's always a thought-provoking blog there. Buy Now No Need To Wait Any Longer
Every day we hear from potential buyers that they are waiting for the right time to buy their … (2 comments)
low interest rates: The buyers are coming! The buyers are coming!
- 02/21/09 01:20 PM
To say it's exhilarating is an understatement. The local news confirms it....although the median prices are lower than they were a year ago, the number of sales increased. Buyers who were apprehensive months ago, seem to be buoyed by the good news that list prices are lower, the interest rates are still low, there are quite a few properties to choose from, there's room for negotiation, and there are more incentives (tax credits) available for home buyers. And according to DQNews reports: California January 2009 Sales Report An estimated 29,458 new and resale houses and condos were sold in California … (17 comments)
low interest rates: Freezing rain didn't stop me and my buyers from looking at properties today
- 12/21/08 01:43 PM
We were cold, wet and freezing. But today, I had two sets of clients to whom I was going to show several properties. So as long as they're williing to go out, I'm willing to take them. RAIN, FREEZING RAIN. The rain was relentless. Every time I got out of the car, located the lockbox (which for some reason always seems to be in nearly inaccessible places) took off my gloves to enable me to use the lockbox keys, it was like dipping my hands in a vat of ice water. Entering vacant properties with no heat provided temporary respite. MOTHER HELPING DAUGHTER The … (20 comments)
Tim illustrates that the effect of a 1% drop in interest rate is akin to home price dropping by 10%. That's got to make buyers sit up and take notice.
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