The Sky Is Not Falling! Why This Is The Time For Smart Buyers To buy!

By
Real Estate Agent with RE/MAX Elite

 Brentwood TN Real Estate

Everyday seems to bring more bad news for the Housing Industry. Lenders caught in the sub-prime melt down are closing their doors while banks and prime lenders are tightening loan requirements. Mortgage rates are rising and PMI (private mortgage insurance) showing industry wide narrowing of guidelines and options all contribute to the general "panic" atmosphere buyers perceive in the Brentwood TN Real Estate market as well as other areas.

 Add to that increasing tax, foreclosures and sellers who have not yet seemed to see the light and you have one big roller coaster ride, complete with stomach dropping fluctuations in the stock and bond markets. The FED has slashed rates attempting to hold off a recession that some say is already here. Too little too late? Will it get worse from here?

Maybe so, but I think the bottom is much closer than buyers may guess.

Now is the time to buy, before interest rates rise substantially. I foresee 3rd and 4th quarter rises as the market adjusts and evens out more.

 

The  spring season is almost here, now is the time to take the plunge.
There will not be a better time for months, possibly a year or more. With FHA and conforming loan limits being raised for 2008 and Fannie and Freddie speculated to not be offering these until June or so there will be a small window in which buyers can scoop these "treats" up.

 

 Buyers educate yourselves on the "real" numbers and take a pass on the news headlines decrying doom and gloom for buyers in general. The media is in full panic monger mode and nothing sells like recession fear!

Look deeper, engage the services of knowledgeable and integrity bound lenders and Realtors. We are here to help clear away the fog of fear and show the very real opportunities for the smart buyer in the current market.

So buyers, take your fingers off the panic button , pick up the phone,
grab your mouse and keyboard and start
looking for the the facts in your area!  

  

 The sky is NOT falling!

 

 

 

                                        

                                     Those who move now will be ahead of the pack come next year!
                                                                     
 
Vanessa Stalets
615-957-6333
Brentwood TN Real Estate

RE/MAX Elite
615-661-4400
                                                                                   

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Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Vincent- Thank you, I too would love to plaster this message on TV and the papers. A bit of counter media if you will...
Feb 26, 2008 01:24 AM #9
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Lu- Thanks for the wishes today, they are always appreciated. Thank you for commenting and reading! :.)
Feb 26, 2008 01:25 AM #10
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Al- Thanks for the compliment! Hopefully some of those buyers will see the opportunity and take it!
Feb 26, 2008 01:26 AM #11
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Charlie- I agree, the problem is getting this message out and then having credibility in the minds of buyers. We all can help by blogging and talking about it!
Feb 26, 2008 01:28 AM #12
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Elizabeth- I do not see panicked sellers...yet. I see frustrated sellers but prices are not reflecting panic in my eyes at least. I do agree that buyers are "waiting" and that they will miss it by being overly cautious.
Feb 26, 2008 01:30 AM #13
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Kent- Great analogy! Grab your swim suit and jump in y'all! :.)
Feb 26, 2008 01:30 AM #14
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Brad- Thanks for the high praise, maybe if we all get out the message it will help! Thanks for reading!
Feb 26, 2008 01:31 AM #15
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Mike- Glad to hear it! As a great home inspector I am not surprised you are in demand!
Feb 26, 2008 01:33 AM #16
Rainer
123,025
Julie Neerings~Lifting Hearts ♥ Building Dreams~
Agent Referral - Salt Lake City, UT
Oh my gosh Vanessa can we get you all over the news and in newspapers? This is fantastic! I feel that for many people it is a matter of trust right now. They have seen and heard so much negative that we as Realtors and lenders need to get the positive out there. 
Feb 26, 2008 01:39 AM #17
Ambassador
1,553,456
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"
Vanessa  This is another of your typically excellent posts - easy to read and understand your message,  Karen
Feb 26, 2008 01:50 AM #18
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Julie- I know right? The thing to do is be as honest and up front as possible, some will hear us and believe!
Feb 26, 2008 02:03 AM #19
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Karen- Why thank you for the praise, that means a lot coming from one of the great bloggers I know! I just wish we could get the message out there more!
Feb 26, 2008 02:05 AM #20
Ambassador
1,885,012
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Vanessa, I think this market is going to turn soon and the buyers that are sitting on the fence maybe sorry they didn't act sooner. It is a GREAT time to buy, I couldn't agree more!!
Feb 26, 2008 02:17 AM #21
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Gary- I too think the bottom is closer than some suspect. Get it while its hot! So to speak...lol
Feb 26, 2008 02:51 AM #22
Rainmaker
2,812,351
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
Vanessa, I love your pictures!  The sky is NOT falling and all the experts agree with you, it is a good time to buy.  I really do believe in the Spring people are going to realize that there's never been a better time to purchase!  And I hope they come to you in your area to do  it.
Feb 26, 2008 03:15 AM #23
Rainer
136,482
Gayle Balaban
The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E - Chattanooga, TN
E. TN Waterfront Real Estate
I believe that the outcome of the election will have a great bearing on the national financial landscape.
Feb 26, 2008 12:32 PM #24
Ambassador
254,433
Melissa Grant
A Serendipity World - Greenbackville, VA
The Law of Attraction In Life & Business
EXCELLENT ! Now, it's time for the buyers to listen up and for us to continue to educate !
Feb 27, 2008 06:31 AM #25
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Carole- Thanks, I hope so too! *wink* on all counts~
Feb 27, 2008 06:34 AM #26
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Gayle- Yes it will, either way...
Feb 27, 2008 06:35 AM #27
Rainmaker
307,507
Vanessa Stalets
RE/MAX Elite - Brentwood, TN
REALTOR, Brentwood TN Homes, Real Estate
Melissa- You are right on target! If we all get the message out there, maybe we will be heard!
Feb 27, 2008 06:36 AM #28
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