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Everyone knows its a buyers Market, except Buyers!

By
Real Estate Agent with Cornerstone Realty

The current market has everyone scared.  This includes buyer AND sellers.  Buyers are afraid that if they buy now, the market may still come down.  Sellers are afraid that they won't get the top dollar for their homes or that no one is buying so theres no point in selling.  I believe we are in transition and the market will find its way out.  We have to keep plugging, keep writing offers and stay positive.  As it is a buyers market, there are still great buys/deals to be had.

To Buyers:   Take advantage of the fact that sellers may be scared as well.  This IS a 'buyers' market.  There are many choices to pick from and if you are ready, willing and able, no seller should turn you away.  Put all your ducks in a row, present yourself ready and submit an offer.  My job as your agent is to keep negotiations open so that we can agree.  However, even if you do buy and the market still goes down, I believe it will not go down much more.  The benefit of an "investment" is that over time you make money.  Just like the stock market, there are highs and lows but over the long haul, its an investment worth having.  Take advantage of the current market and let your home be your  investment.

Right now is a great time to buy.  Get your buyers out there and start writing offers.  Make the market adjust to you.  We will make it out of this strange and unstable time we are in. And we will all be better after it- agents, buyers and sellers.

Angie Barringer
Re/Max Towne Square - Braselton, GA
The truth is, it isn't a great time to sell, but many are forced into that corner, and you are right, buyer's can take advantage if, IF, they are in a position to do so. (Clearly, given my blog-vent today, I fear that buyer's are taking advantage of more than just pricing, even unknowingly. There are many areas that buyers could use some awareness!)
Sep 10, 2007 06:58 AM
New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
RE/MAX Properties Unlimited, Real Estate - Morristown, NJ
There is a lot of termoil in the market and the buyers just cannot be made to believe that when that happens it is a good time to act.
Sep 10, 2007 07:18 AM
Matthew Rosov
Amerisave Mortgage Corporation - Laurel, MD
Certified Mortgage Planning Specialist
It's the ones with vision and foresight that will reap the rewards of our current marketplace.  The fruit is hanging low and the hungry ones are grabbing everything they can!
Sep 10, 2007 07:20 AM
Brad Snyder
Sierra Vista Realty - Sierra Vista, AZ

Education is a very important part of our jobs. Helping our clients understand current market conditions, especially how they apply to your area is one of the most important things we can do. This is a great buyer's market and buyer's are scared and we can help them.

thanks for the awesome post Kim.

Brad

Sep 10, 2007 07:21 AM
David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City

The Buyer problem today is that they believe all homeowners are in trouble. This results in many homeowners taking low offers because they can no longer wait for a better one, and market value begins to suffer for all.

When the media stops covering the "foreclosure debacle", we will see the markets improving. Front page stories in Chicago about the Las vegas horror stories don't help Chicago homeowners in negotiating with local buyeers. 

Sep 10, 2007 07:59 AM
Ann Guy
NA - Allentown, PA
The panic is what will create the chaos.  You are right, real estate is an investment and it may take a little time to get a good return (just like everything else).  Things have a way of workinging themselves out.  And this too shall pass.
Oct 02, 2007 02:52 AM
Anonymous
Homeboy

The "foreclosure debacle" will continue whether the media covers it or not. The government is hoping lenders will come to terms with most of the people who have these loans, but there are a lot of people who have lived beyond their means and they will lose their homes. Keeping interest rates low has put a finger in the dike, however, inflation looms and people are beginning to understand that there is a differnece between corporate inflation (which weighs heavily in todays assesment) and consumer inflation, which has a direct effect on the real estate market. The touted low inflation does not accurately reflect the impacts of the devalued dollar on consumers; especially because so many things are imported these days. I think these factors need to play out before we see a bottom in the market.

Oct 09, 2007 04:37 PM
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