Give me Realty or Give me Death.

By
Education & Training with Blue GMAC Realty

Oh brave souls that fight the good fight, that challenge those whom seek to undermine us, that forge new alliances and boldly go into that dark night. To those who practice this profession of Real Estate, I salute you my brothers and sister.

Once again the angry voices of those who seek to control us and to subtract from our worth are jumping on the naysayer bandwagon and are preaching the gloom and doom message that the sky is falling and the real estate markets are not worthy of investment. HORSE HOCKEY!!!

The media is, after two years of negativism, still screaming the same old message, that now is not the time to buy real estate. That sellers do not need REALTORS to sell their homes. That the bottom is not yet here. That buyers should work with several agents to assure that they are getting to see all of the inventory. That buyers should offer at least 10 to 15 percent below asking prices. That holding off the purchase of real estate is a smart idea for now.

So let me ask the $64,000 dollar question then. When is a good time to buy a home? Is it to wait until the media reports a rebound in the market? Is it to wait until the media decides that it's a good time? Or is it to wait until the economy gets better? Quite possibly by then it will most definitely be too late.

Let me misquote one of our patriarchs:

 

It is in vain, sir, to extenuate the matter. Gentlemen may cry, Sell, Sell-- but there is no sale. The spring market is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding buyers remorse! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is a home so dear, or property so sweet, as to be purchased at the price of doubt and cynicism? Forbid it, Almighty God! I know not what course others may take; but as for me, give me Realty or give me death!

 

Authors note: I mean no disrespect to Patrick Henry and have misquoted him on purpose. If this has in any way offended you, too bad.

Comments (4)

Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor
Let's suppose that people wait until the newspapers proclaim that the absolute bottom has been reached and that it's OK for people to sell thei homes. The will be such a influx of properties onto the market that prices will drop even more. Yes, today is the best time to buy - usually is.
Feb 27, 2008 05:39 AM
R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham
Bank of England (NMLS#418481) - Raleigh, NC
Bob Mitchell (NMLS#1046286)

I'll fess up, I'm torn on this one.  There are some markets that I would stay away from....that the bottom "probably" hasn't been reached.  That said, the true $64,000 question is right now......not "if" but when is the real estate market going to rebound. 

If you look at buying a home as a long term investment, now very well could be the "best" time to buy!

 

Bob Mitchell

ValueList Real Estate Services, Inc.

 

P.S.  I heard a rumor that Patrick Henry was as pissed as a hornet...;-) 

Feb 27, 2008 05:44 AM
Danny Bruno
Century 21 Beachside - Rancho Cucamonga, CA

You must operate in the realm of reality.

The mean price of homes nationally is 3.8%  national income standard 205k - 215k. The mean price is going to drop to 2.5% which is the historic norm for home pricing (134k). This is reality, affordable housing does not exist and rates have gone up since the Fed has attempted to lower rates. The 30 year is at 6.10% today. Until prices drop further and mortgage rates began to reflect what the buying public can afford to pay, or incomes rise which is not likely the market will remain flat. If the media starting reporting the real  true picture of what is happening to our economy and banking system people would panic!

 DB

Realtor

Feb 27, 2008 05:47 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in the year 2017!

Feb 07, 2017 07:29 PM