A Great Time To Buy? Well, a Great Time to Convince the Public that They will have Good Title!
Property rights are at the core of our expectations and beliefs in our society. This post from Mike Jaquish gets the words right for what I'm been trying to articulate, and in fact was trying to work out in a phone call with a client last night. As a seller, a buyer and a partner in major accounting firm, this client is a great person to talk things over with. We decided that on the one hand, no amount of wrong doing by individual homeowners justifies sloppy and illegal paperwork by financial institutions. On the other hand, no amount of wrong doing by "banks" or "the credit system" justifies walking away from the obligations of a mortgage. Finally, the public needs to be reassured that "if" they want to buy or sell a home, this is a great time because of the attention to the rights and obligations of being a homeowner, as well as the availability of choices and low interest rates. Like Mike, I never presume to give advice about deciding whether to buy or sell a home, my job is to give advice about how to buy or sell. Thanks. Suggested and will reblog
A Great Time to Buy? I quit playing that tune years ago.
To play the mantra that "It's a Great Time to Buy," has always seemed self-serving to me, particularly when used to "Create Buyer Urgency." What is THAT all about, when a Buyer has engaged me as a fiduciary, and I make it my goal to create urgency in them to buy? Why? To build my business? Not me.
My clients are people who have made a decision to buy, or to sell. I can give input, data, information, guidance, some protections, but generally, "I'm a market taker, not a market maker." I do not create Buyers or fan the emotions of Buyer Urgency.
However, Please do NOT for a moment doubt that I don't see great value to owning property; to holding a deed and insurable and marketable title to my own piece of dirt, terra firma, a chunk of this rock. I certainly do. And I assume that this desire for strength through ownership is the driving motive for my clients:
To be property owners, with all the attendant rights and privileges, with the security of a homeplace that is not subject to the whims of a landlord. And with all the attendant responsibility and accountability, of course, that an owner enjoys.
And I don't like making demands of the US Government. Too many US Residents and Citizens have watered down our liberties with out-stretched hands based in perceived entitlement rights. But, today, I have a demand of government, a reasonable demand, a demand that I think fundamental to our nation's roots:
Make me believe, and make US citizens confident, in the safety and sanctity of our individual property rights. I think that concept falls under the guise of "...promote the general welfare, and secure the blessings of liberty to ourselves and our posterity..."
Make me and my clients believe that we will not be anecdotal and disposable should our good title and promised due process be cavalierly attacked.
Make us believe that property can be reasonably conveyed to others, that the market is sound enough to allow that.
Make us confident that those fundamental blessings are truly respected and defended at all levels of government.
Do it now.
A self-serving demand? OK. Yes, it is. I own a home. I help folks buy and sell homes, and get paid for that service. I would like to continue in that occupation. I'll buy that it is self-serving, to a degree. I'm also comfortable that when I am served in that manner, that millions of Americans will also benefit, via promotion of the general welfare, and securing of the blessings of liberty.
See, doubt regarding title supersedes doubt about lending and encumbrence. It is at the core of property. Borrowing and lending don't much matter to cash buyers, or to those with 100% equity. But, those folks need to believe that they can convey their properties, that there is fundamental legal process to promote that perception of liquidity. Stealing away confidence in the process steals away liquidity in the market.
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Mike Jaquish, REALTOR®
919-880-2769 www.MikeJaquish.com
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Broker Associate, KELLER WILLIAMS® Realty, Cary, NC
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