Is FEAR or COMPASSION keeping you from buying in this market?

By
Real Estate Agent with RE/MAX Suburban 475.135322

Fear Girl Debra Kukulski Cary IL Real Estate

 

 

I know one of the things that keeps buyers from buying now is fear....fear of becoming unemployed, and that is definitely a valid fear.  No one wants to take on a new mortgage they are not sure they will be able to keep paying.

Another fear I have heard many people express is fear of "taking advantage of another persons misfortune".  I have found that many compassionate buyers and I can understand how they can think this as we are looking at so many foreclosures and short sales on the market today.  Being a very compassionate person myself,  I have heard so many of these sad stories and I try to help as many sellers as I can though this incredibly tough situation.  It is not easy to hear of people losing their homes, every situation is so very sad.  But what the buyers must realize is, the sellers that are trying to do a short sale WANT you to buy their home.  It is much better for them than to go through a devastating (emotionally and financially) foreclosure.  This is a much more gentle and kind solution for a seller in this situation.

In the case of a foreclosure, where the bank has already taken back the property, they also WANT the property sold.  We have so many distressed properties on the market now, it really makes tough competition for the seller who are not in a distressed situation.  REALLY Tough Competition!   The distressed sales really put pressure on the other sellers to lower prices and stay competitive.  The sooner we can move these properties off the market (by purchasing them!), the sooner the housing market can recover and the sooner prices can stabilize, which helps every homeowner out there.

So, please don't let fear keep you from buying in this market.  You are not only helping yourself by getting a fantastic deal and historically low interest rate on your mortgage loan, but helping all of us homeowners, by helping the real estate market and prices stabilize.

It is time to come out and buy now.....fabulous deals everywhere you look, and rates are historically low.  We usually do not have both of those things happening at the same time in the real estate market!

And, Yes, people can still get mortgages!

 

 

To Search Homes For Sale, Please Contact Me Directly Or Feel Free To Search On My Website!

 

Search Waterfront and Fox River Front Homes For Sale Here

 

 
 

It is an EXCELLENT TIME TO BUY NOW, especially for first time buyers, second home buyers, investors and move up buyers.

REAL ESTATE IN ILLINOIS IS ON SALE! :-)

 

I hope you find this information useful.  I am only a phone call or email away of you need real estate help:-)

Debra Kukulski Real Estate Consultant

If I can be of assistance to you, please do not hesitate to call or email me.  It will be my pleasure!  

By the way, if you know of someone that could benefit from my high level of service, please call or email

me with their name and daytime phone number and I will make sure to follow up and

take great care of them. 

The majority of my business is referral and repeat clients.  I am so grateful my business keeps growing from your loyalty and helping your referrals:-)

I appreciate YOU and your referrals!

 

 

I can be reached at my direct number at the office: 847.516.6760.  I look forward to hearing from you!

 

 

Posted by

 

To Search Homes For Sale, Please Contact Me Directly Or Feel Free To Search On My Website! 

Search Waterfront and Fox River Front Homes For Sale Here

 

 
 

It is an EXCELLENT TIME TO BUY AND SELL NOW, especially for second home buyers, investors, move-up buyers and even first-time buyers!

 

 

I hope you find this information useful.  I am only a phone call or email away of you need real estate help:-)

Debra Kukulski Real Estate Consultant

If I can be of assistance to you, please do not hesitate to call or email me.  It will be my pleasure!  

By the way, if you know of someone that could benefit from my high level of service, please call or email

me with their name and daytime phone number and I will make sure to follow up and

take great care of them. 

The majority of my business is referral and repeat clients.  I am so grateful it keeps growing from your loyalty and referrals:-)

I appreciate YOU and your referrals!

 

 

I can be reached at my direct number at the office: 847.516.6760.  I look forward to hearing from you!

 

Information deemed accurate and reliable but not guaranteed. Source MRED MLS.Disclaimer: Information herein may come from various sources, some of which may not be reliable and may change without any notice. Debra Kukulski does not guarantee or is any way responsible for the accuracy of the information in this blog and information provided is without warranties of any kind, either express or implied. Information on this blog represents the opinions and ideas of the author; comments by others may not express the views of the author.  All photos and content may not be duplicated without express written consent of author.
Copyright © 2016 By Debra Kukulski, all rights reserved.

 

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Rainmaker
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Susan Laxson CRS
HomeSmart Professionals - La Quinta, CA
Local Knowledge & Global Network

Debra, interesting concept on buyers and your take on compassionate buyers isn't one I had considered.  Good post - thanks!   

Sep 16, 2010 03:23 AM #1
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Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

First time buyers need to be educated when it comes to purchasing a home from an experienced Realtor. The facts speak for themselves.

Sep 16, 2010 03:24 AM #2
Rainmaker
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Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

I guess I have the compassionate buyers, which really is a wonderful thing! :-)  Thanks for your comments and have a great day!

Sep 16, 2010 09:14 AM #3
Rainmaker
185,778
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

Harry, I definitely agree with that.  There are so many more challenges today and it makes sense for buyers to find one Realtor to work with and trust to look out for thier best interests.  Thanks so much for stopping by today:-)

Sep 16, 2010 09:16 AM #4
Rainer
140,489
c m
Colorado Springs, CO

I SO get that! The not wanting to take advantage of the sellers misfortune, BUT I have been on both sides.  Back in the late 80's when the hubs got a new job and we had to sell quickly, we sold our "12% interest/ no where near worth what we paid for it house"  to a couple who assumed our loan.  They had declared bankruptcy, and couldn't qualify for a new loan, but could assume our loan. We let them, and then prayed that they would not default.  That was over 20 years ago, they have added on, remodeled, etc., ( we drive by occasionally when we are in that town).  The house we bought after that, was one we were renting when the owners went...you guessed it, bankrupt!  We bought it from the bank, for a GREAT price, and though we were sorry for the family, we knew that our gain did not hurt them, they were already in trouble... nice post clarifying for those who are on the fence!

Nov 05, 2010 03:36 PM #5
Rainmaker
185,778
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

Hi Cheryl.  I can definitely understand the sentiment, because one of the saddest things is to see someone lose thier home.  But helping them get it sold instead of going to foreclosure.....I feel that is the lesser of two evils for a homeowner.  It sounds like both situations worked out well for you, without anyone getting hurt.  It is so interesting that 20 years ago, people were going through similar things in the real estate market, but no one seems to remember that very well.  Although interest rates were high, we have really never seen a market with so many foreclosures and I hope we never do again.  I really love to help people avoid foreclsoure, but I think a lot of people do not realize it is very sad for us, too, to see people hurting and having such a hard time.  But we have to work through it and do our best to help all of the people we can.  Buyers really do not need to feel guilty, either, because they did not cause the situation, as you say, Cheryl, but buying a distressed property is helpful, either to help someone avoid forclosure, and help move these properties off the market so we can sooner get back to the "upswing" of the market again.  I have also worked with sellers that have not been so cooperative with the buyers, but I do understand that in a situation like this, it is sometimes easy to blame other people.  It is just such an emotional thing to go through for the homeowner. 

Nov 06, 2010 02:46 AM #6
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Rainmaker
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Debra Kukulski, Broker Associate

SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL
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