Who Wants to Spend More Than They Have To?

Real Estate Agent with Meredith Bay Lighthouse Realty

I admit it and I am not ashamed. I am CHEAP! I find it difficult to even imagine walking into a department store and not search for the discount rack. It's a thrill! Every time I can find a bargain, my heart races and my palms get sweaty. I think about how much money I'm saving and, well... it's better than chocolate.... and you know how good that is!
 Shopping Spree The truth is, I try my best to get the most for my dollar.It doesn't matter if it's groceries, clothes or gas to fill the car. If there is a less expensive place to purchase, I'm on it! So, for all practical purposes, I can understand my Buyers being cautious, taking their time and waiting for the best price on their new property. AND, this is a Buyers Market. Two words, when put together, make the Buyer feel they are the ones in charge. I guess they are...but... only if they are the ONLY Buyer looking at any particular property. Only if they are the only Buyer that sees that home as a possibility in their future. But, they are never the ONLY one.

It's like the famous Filene's Basement Sale on wedding gowns in Boston. A ton of Brides, their friends and Moms await the opening of the store, ready to hurl themselves into a buying frenzy. A multitude of gowns thrown over the arms of  Mom to guard while the bride tries her best to decide which one is for her. As hard as Mom tries, there's always someone who will come around the other side of the rack and snatch that beautiful dress from her hands and make it her own.   3D Prom Queen 

As you may have guessed, here comes the Real Estate lesson! Prices have dropped, considerably. But they also rose over the last 2 to 3 years at a much higher rate. Appreciation of this size must have a correction, and I believe we have seen it. A few years ago, an average Buyer couldn't consider the high price of purchasing waterfront here in the Lakes Region of New Hampshire. The costs were, well, insane! Today, the prices have corrected and many affordable waterfront homes can be found! So, if you're looking for a deal... and who isn't... Take your Realtor out and don't be afraid to make an offer. Property is at a bargain and you're not the only Buyer looking to save big!

Comments (6)

Vicki Bishop GRI - Alabama Real Estate
Coldwell Banker United Realtors® - Bay Minette, AL
Thats what i have been telling my buyers, that the time to buy is now.
Aug 13, 2007 04:59 AM
Erica Wallace
the Wallace Consulting Group - Boston, MA
totally agree.....being a first time buyer now is ideal but even those who have to sell to buy and either lose money or break even will make out on the purchase they can get now with the mortgage rates still pretty low. great post! 
Aug 20, 2007 04:58 PM
Monika McGillicuddy
Prudential Verani Realty - Atkinson, NH
NH Real Estate Broker
Has business picked up for you? We've been pretty busy...best December in a long time.
Jan 17, 2008 10:49 AM
Jim Marks
Coldwell Banker | Wright Realty - North Conway, NH
Team Wright Realty

Miss Cheryl!

Where is your blogging wit gone too? We need ya' back on AR for blogging 'happy-happy-joy-joy' !

Yer Pal from the Presidential Days...



Mar 14, 2008 03:12 AM
David Slavin
Keller Williams Premier - Katy, TX
CDPE, ABR, SRES Keller Williams Premier
With all of the buyers looking for deals, those deals are no longer great.  The price of them is rising because of the volume of buyers.
Mar 14, 2008 08:13 AM
Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent
yes it seems like having buyers is the way to go right now
Mar 14, 2008 08:33 AM