Timing the Real Estate Markets! Don't Miss the Boat - The Time to Buy is Now!

By
Real Estate Agent with Crye-Leike REALTORS® 165062

"Gee I could have had a V-8!"  The biggest mistake in most persons lives is looking back over their shoulder and realizing they made a mistake!  It is a great time to buy a home in AtlantaDon't wake up one morning regretting it!  "I should have bought when prices were at rock bottom!"  Even for Atlanta real estate professionals with loads of experience, timing the market is almost impossible.  Is it the right time to buy?  Will prices go lower?  Are their better deals out there?  What is the rock bottom price the seller will take?  Should you buy a new home, resale or foreclosure?  Buyer beware!  At some point the activity picks up and those great deals are gone while the buyer's are still paralyzed with indecision!  The worse thing in life is the kid in a candy store looking at all the candy he/she can buy with that $1 bill!  The only problem is that they can only purchase on thing!  What will the buyer buy?  Will it be the right purchase?  Will it be the best possible price?  One things for sure, it cannot get much better than this!  Rates are great, and the sellers are really willing to deal and have sweetened the pot with updates, paint, granite counters, and stainless appliances!  Times a wasting!
 

  • There are 83,000 Atlanta Homes for Sale 55975 Detached Homes and 11135 Atlanta Condos and Town Homes
  • Sales Have Dropped to 2400 Atlanta Homes Sold in January and 386 Town Homes and Condos Sold in Atlanta Jan 08
  • 30 Year Fixed Rate Mortgages are around 6%
  • There are over 7600 Foreclosures on the market in January!
  • Many New Atlanta New Home Builders are offering special incentives.
  • Many Atlanta home sellers are willing to pay your closing costs!

Jim Crawford

 

 

 

 

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James Crawford ABR, Broker Associate

 

 

 

 

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Rainmaker
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Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

I'm doing well but I'm not confident that NOW is the time to buy. I believe our real estate values are going to drop further this year. All of my sales in 2007 and so far this year, whether they were my listings, my buyers,  or both, were houses and condos that were priced well below the competition, and then sold for an offer that was even lower.

If Atlanta has leveled off, that's great news for us too! I hope you're right! 

Feb 24, 2008 01:50 PM #1
Rainmaker
1,308,937
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager
Hi Jim,   Good post.  This should get people to thinking again about what a great opportunities there are in nearly every market across the nation.
Feb 24, 2008 01:51 PM #2
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Lisa Hill (Daytona Beach REALTOR®)  Buyers have to start thinking when is the right time to come back into the market.  Lots of product to choose from, low 30 year fixed rates, and sellers that will entertain offers are key ingredients for buyers great deals!
Feb 24, 2008 02:37 PM #3
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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 Carol Williams Wenatchee Real Estate  Yes!  There are some great opportunities out there!  It is always smart to keep buyers abreast of inventory levels rates and other activity in the market!

Feb 24, 2008 02:38 PM #4
Rainer
74,558
Darryl Glade
RE/MAX N.O. Properties - New Orleans, LA
New Orleans Real Estate
Jim, I have been reiterating the same thing to my clients. Regardless of whether you think the market is going to move further down, rates could not be any better, there are tons of properties to choose from, and sellers that are willing to deal...the time is now!
Feb 25, 2008 12:43 AM #5
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Darryl Glade ~ New Orleans Real Estate  I  agree.  With inflation start up again, and gasoline .75 cents a gallon more than a year ago...mortgage rates will not move lower.  They may go higher shortly.

Feb 25, 2008 12:51 AM #6
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"
Jim   Iagree - you could keep waiting and thinking prices will go lower.  That may be true, but they miss all the other benefits of home ownership and then may wait too long anyway,  Karen
Feb 25, 2008 07:38 AM #7
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Karen Kruschka - One of the most experienced agents in Northern Virginia  Correct, they have to be selective, and do a lot of research!  Not every deal is going to be a steal or a fantastic bargain!  But selectivley...some of the deal these coming few months will never be duplicated again! 

Feb 25, 2008 08:33 AM #8
Rainmaker
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Ray Nellum
Envision Real Estate Group, LLC. - Fort Smith, AR
Fort Smith Real Estate
I've gotta agree with you Jim.  It's a great time to buy and the selection is great as well.  Best of luck.
Feb 25, 2008 09:40 AM #9
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Ray Nellum, Fort Smith Real Estate  It is!  But the buyers need someone wiht experience to guide them trhough the minefield!
Feb 25, 2008 09:55 AM #10
Rainmaker
286,422
Tina Maraj
RE/MAX Cornerstone - Fullerton, CA
Top Agent in Fullerton 2016-2018 714-403-7901
Ha ha ha, Jim you are too funny! Are you going to go around smacking potential buyers in the head like they do on the V8 commercials?
Feb 25, 2008 10:02 AM #11
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Tina Maraj Shah Realtor  LOL! It is one of my favorite lines with buyers.
Feb 25, 2008 10:17 AM #12
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