Top Ten Reasons NOT to buy a home Right Now!

By
Real Estate Agent with Rector Hayden, Lexington, Ky


10)  There are just too many homes to choose from in the higher price ranges.
      It is just too difficult to decide on which home to buy when there are so many choices.  I can really identify with Brett Favre.  I mean how can I ever decide to buy when so many people want me to buy their homes.  It is so much easier when I don't have to worry about dissappointing so many home owners trying to sell their homes.

9)  There are so few homes in my price range.  Our  best friends just found a home they wanted to buy and there were three offers made on the home before they could make their offer.  We really don't believe in making hasty decisions.

8)   The weather is atrocious.  We started to look at homes and they were just too drafty and too cold.  I really want to wait until spring.

7)  I think prices are still going to keep declining.  My aunt Millie says, "never trust the media, never trust a lawyer and certainly never trust a realtor."  I have talked with several realtors and they are just too optimistic.  That is a sure sign to me that prices will continue to fall.

6)  We don't have 20 percent down.  We will never pay mortage insurance.  We pay all of our bills early and we have outstanding credit.  We have high standards and will not compromise.

5)  We sold our home and invested all of our money in gold bulllion last year.  We plan on renting until after the great depression and inflation of  this century.  We are digging in for the long haul.

4)  We will not borrow from a bank.  The government bailed out the banks.  If we accept money from a bank we are supporting the Government  Bank Bail Out.  NO WAY!

3)  My hairdresser's dad's mother in law is a retired realtor.  She has invested in homes for the past 40 years and she owns a ton of real estate in town.  She says prices will continue to decline for a least two years.  I really trust my hairdresser.

2)  It is just too good to be true.  You are telling me that I can buy cheaper than I can rent.  That has to be a lie. 

1)  Interest rates are too low.
     If we lock in a really low interest rate right now we will be stuck.  We love to refinance.  My wife and I seldom get to sit in soft chairs, sip on a diet coke and be served cookies.  If we get a rate too low on our new home we will not have any reason to visit our mortgage officer every few years.  We really love to play the refinance game.




 



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Paul Campbell

The Jubilee Team of Rector Hayden Realtors

Lexington's Green Thumb Realtor

The Jubilee Team,  Paul Campbell and Dorothy LaBar

Paul's Contact Info:  859.684.5890   pcampbell@rhr.com

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Ambassador
895,725
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Paul....hysterical!  I love this post.  Needs to be featured and sent to every client that is out there!  Nice one!

Oct 28, 2011 04:23 PM #1
Rainmaker
497,885
Sonja Patterson
Keller Williams - BV - College Station, TX
Texas Monthly 5-Star Realtor Recipient for the Hou

Paul, I love this!! Esp. #1...sitting in soft chairs, sipping on diet coke and getting cookies served to me is why I'm in real estate! LOL!!  Thanks for the laugh!!

Oct 28, 2011 04:46 PM #2
Rainer
107,937
Ted J. Macy
Top Agents Atlanta Metro - Milton, GA

Paul, Cute, being a contrarian can pay off.  Some people are just not ready to be homeowners.

Oct 28, 2011 04:48 PM #3
Ambassador
2,361,970
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Paul, I know that Buyer.

  Actually, I know several people that meet your Top 10 Reasons...

   Great Blog!

Oct 28, 2011 06:07 PM #4
Rainmaker
1,124,744
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Paul - great post!  You really made me laugh, even though some of those reasons are true.  Thanks for making me smile!

Oct 28, 2011 06:41 PM #5
Rainmaker
34,486
Craig Cooper
Chase International Real Estate - Tahoe City, CA
Creating-Preserving-Growing Wealth in Real Estate

very funny Paul!!! That was great fun and like all of your fans have admitted. life is truer than fiction.

Oct 28, 2011 06:54 PM #6
Rainmaker
180,945
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Larry,

I started writing that about a year ago and forgot that it was just a draft.  I often have an idea and start a writing and then don't finish it.  For some reason last night I decided to look at my drafts and that one jumped out at me.  It made me laugh and wince at the same time because I have a buyer right now that fits about half of the those reasons.  I am just about ready to call it fourth down and punt them to a more deserving realtor.  LOL

 

Oct 29, 2011 01:56 AM #7
Rainmaker
180,945
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Sonja

All of these points have some truth to them.  There are a certain number of people who need to feel pampered.  Heck, I am one of those people myself at times.

Oct 29, 2011 01:58 AM #8
Rainmaker
180,945
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Ted, Fred, Laura and Craig,

 

When I discovered this in my draft messages yesterday it was so timely.  I had just yesterday morning had a repeated experience with a contrary buyer.  Reading my own writing that fit this current client was funny but also a little scary.  I think I need to laugh a little more.  Sometimes I take life too seriously!

Oct 29, 2011 02:02 AM #9
Rainer
205,520
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
I bet some folks make it several points into your list before realizing that it's a spoof! Funny post, thank you.
Oct 29, 2011 05:57 AM #10
Rainmaker
180,945
Paul Campbell Realtor Lexington
Rector Hayden, Lexington, Ky - Lexington, KY
Kentucky Homes for Sale

Mark,

 

Yes, it was intended to get people to think a little and then cause a little laughter, we all need a good laugh!

Oct 29, 2011 09:37 AM #11
Rainmaker
656,967
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

Those buyers better get busy - interest rates are going to rise. Soon, they'll be able to buy when it will cost them more, and just wait with anticipation for a chance to refinance!

Oct 30, 2011 05:46 PM #12
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