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Who DOESN'T Like Shoe Shopping?

By
Real Estate Agent with Prudential Fox & Roach, Realtors

You know, like a lot of other central New Jersey home owners, there's nothing we love more than a great shoe store. OK...maybe Lorraine loves a great shoe store a little more than Gil, but you get our point. So we got a real kick recently when Keeping Current Matters posted a blog comparing the current real estate market to a shoe store.

How many shoes would you buy if your nearby shoe store offered these perks:

  • An almost endless selection of shoes in every size, color, and price range
  • Shoes were discounted 30% or more

  • Your credit card could finance the shoes for 30 years at 4.5%

No doubt, you'd need to rent a U-Haul truck to get your shoe purchases home! And the analogy is an excellent one, because today's real estate market is just like that shoe store. There's a incredible selection, terrific bargains, and unparalelled financing terms.

There are some other important points to remember, as well. First, shoes wear out and are eventually tossed away. A home endures. Second, shoe styles change regularly. The idea of owning a home is still the American Dream. Finally, shoes are worth less as soon as you wear them. Homes appreciate in value over time.

Think about shoes. A lot of us can remember Steve Martin's hilarious bit about “The Cruel Shoes;” beyond that, how many deeply embedded memories do you have of any of the shoes you've owned? But EVERYONE can remember their first home. Who forgets the holidays they've shared in their homes? Will you ever forget the first time you had the whole family over to your house?

Did you ever have a pair of shoes that didn't look “quite right?” Sure, you can die them...a costly (and frequently “iffy”) adventure. Not so with your own home – you can decorate a home to your tastes! Ever had a pair of shoes that looked great, but just weren't comfortable enough for everyday wear? Home ownership neighborhoods are stable (with lower crime rates). And kids who grow up in these neighborhoods achieve higher levels of education.

If you'd stand in line to buy the perfect shoes, why wouldn't you explore owning a home? Mortgage money IS available at super-low rates and with reasonable down payment requirements. And you can also get great deals on short sales and foreclosures.

We're The Marchany Team, and – whether it's shoes or homes – we KNOW central New Jersey. We're right where you are, whether you're in South Brunswick or Monroe (Middlesex County). If you're looking for a terrific new home in Mercer County, we'll find your place in the sun in Princeton Junction, East Windsor, West Windsor, and Robbinsville. And if you're ready to put your Franklin Park or Hillsborough (Somerset County) home on the market, we're prepared to find the buyers who are looking for your home. Call The Marchany Team today at (732) 997-0019, and don't forget to “Like” us on Facebook! We are dedicated to helping you in every way possible.

Posted by

Reba Haas
Team Reba of RE/MAX Metro Eastside www.TeamReba.com - Bellevue, WA
Team Reba, CDPE

ok, you had me at SHOES! :)  Actually, it's an interesting little article comparing the two desires. And the thing is, unless you're buying collector's item shoes, they usually become worthless after a time if too well worn/loved. A house has much more staying power as long as attention is paid to it.

Aug 12, 2011 01:47 PM