Let's spread some sunshine

By
Real Estate Broker/Owner with RE/MAX Action Real Estate

Now is an amazing time to buy real estate!

Interest rates are historically low.  There is lots of inventory.  Builders are making deals.  The sun is shining. The birds are singing and the crisp autumn breeze on my face makes me happy to be alive!  Gosh, I feel like singing show tunes.

If you are in Real Estate, that is what ought to be running through your head and flowing from your mouth.  Sure things are a bit tough now.  We all know that, but the public is hearing enough of the bad stuff from the media.  Bad news sells better than good news.

We have been through an incredible run in real estate.  It was fueled largely by loose lending practices that put a lot of people in homes who really didn't' qualify.  No doc loans at 580 credits scores -what were we thinking? 

Now we are back to basics.  The market is correcting itself and it will take some time. There is an ample credit supply out there, but not 580 credit score buyers who want 100% financing. 

Real Estate is local. Your situation may be better or worse than an agent from another area of the country, but keep your chin up.  Interest rates "are" historically low.  There "is" lots of inventory.  Builders "are" making deals.  Now the stuff about the birds, the air and show tunes.  Whatever floats your boat.

The elements are there for the market to pick up, but we have to be cheerleaders to our clients.  It really is a great time to buy a home.  Sell that thought to your clients and anyone who asks you how the market is.  With roughly 1.3 million Realtors nationwide we ought to be able to drown out some of the negative reports from the media. 

Just keep smiling.

Comments (4)

Al Maxwell
Keller Williams - Marietta, GA
Real Estate Agent
Gary, you are right. Keep smiling and hang in there. (I think it actually is a good market)
Oct 17, 2007 12:33 AM
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros
You are right tyet this morning on CNN they are talking about the mortgage melt down again so we have a lot of negativity to overcome
Oct 17, 2007 12:36 AM
Anonymous
David Kelso

Gary, you're right...everything seems to be in place for a hot market, except for one thing. Buyers psychology.And pyschology drives our market just like the stock market. If the press would cut back on all the front page negatism, perhaps we can begin that slow road to recovery.

 

Paying 50% for Daytona Beach Referrals 

Oct 17, 2007 12:36 AM
#3
Rick Davis
American Pride - Blaine, MN
MN Real Estate & Mortgage Source
Gary, Great post.  I completely agree with you, lets lead the buyers to their ultimate goal, homeownership.
Oct 17, 2007 12:51 AM