Best Time For Buyers

Real Estate Agent with RE/MAX Benchmark Realty Group

I have been working with very qualified buyers but the wall I have been hitting is that the buyers believe if they continue to wait they will get the home they are most interested in at a "better price."

Well, I recently sent a response email to one of my buyers to inform them that not only one of the properties they were waiting on is under contract but all 3! I then went onto explain that it is a "Great time for buyers to purchase with the interest rates remaining low - it won't be forever - the market will turn again into what is referred to as a "Sellers" market." Then at the very end of my email after sign off I entered the following message, "Good news for buyers - the Feds have dropped the prime interest another half a point this is a good time to purchase property - the interest rates are great and FHA & SONYMA have great programs as well as most of the Banks - and with the inventory of properties on the market - buyers are reaping the benefits! "

I have since put together additional 3 deals this month.

We (Realtors) have to let the buyers know, very carefully, you don't want to insult anyone, that the market is still good and if you are truly in want of the "home ownership" dream, its better to buy now then it was in the height of the market, when it was a "Sellers Market". We need to educate the buyers and sellers, look this is our profession, do you educate your doctor or accountant? No, they educate you! Take the same initiative and educate your CLIENTS & CUSTOMERS!

It is a GREAT MARKET - interest rates and inventory - provides the best opportunity and choices to buyers!

Comments (6)

Lu Kalaj
Vision Realty Centers - Brighton Township, MI
Good houses do not last long, especially if there are plenty to choose from, and buyers looking for them.  May 2008 bring you the buyers that make good decisions, and not greedy ones.  Lu
Jan 30, 2008 10:59 PM
DDR Realty
DDR Realty - Newburgh, NY
Orange County NY
Congratulations to you. And I agree. The activity in our local area is starting to pick up. Hopefully we are in for a great 2008. Tell Tim, I said "Hello"
Jan 30, 2008 11:01 PM
Tara Colquitt
Tara Colquitt, The Credit Woman, LLC - Philadelphia, PA
Credit Counselor

Patti: I think every Realtor should have the buyer write down exactly what they want in a home. Keep it in their file. When they find that home (or something close) at a price that is right, then you have the proof in your hands. Sometimes people need help deciding they have found the perfect home. And it is better when it is in their own handwriting!


Jan 30, 2008 11:35 PM
Patti Corcoran
RE/MAX Benchmark Realty Group - Montgomery, NY
Thanks for the input...I appreciate hearing your views!
Feb 01, 2008 03:21 AM
Tim Corcoran
Keller Williams Realty - Middletown, NY
"A Name You Can Trust... Results You Can Count On"
Great News If we all did what we should then buyers will buy Great thoughts
Feb 02, 2008 08:06 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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