If you are thinking about selling but worried about the soft prices lately... don't forget while what you have to sell has softened in it's price... so has the house you are going to buy!
P. Timothy McDonald, Esq. - Warwick, RI
I have been saying exactly the same thing for a month now. People are trying to time the market - by the time you see the bottom of the market it will be gone.
Mar 02, 2008 10:32 PM
Samson Properties - Fredericksburg, VA
Realtor Fredericksburg Virginia
I think every agent has been using this line. I tell all the people that come to me looking for advice about selling their house in this market. Thanks for the good reminder.
Mar 02, 2008 10:33 PM
The Bean Group - Londonderry, NH
Realtor, Integrity and Honesty
I posted something similar the othe day, I stated that Banks still have good loans to offer (FHA has updated its loan program) and althougth prices are coming down, will interest rates be going up?
Mar 02, 2008 10:38 PM
Allen Real Estate Services, Inc. - Sarasota, FL
Sarasota Real Estate Agent
I agree customers are trying to time the market. Our area has had a "Time to Buy" campaign in place for over a year pointing out all the reason to buy: high inventory, interest rates. Prices seem to be stablizing but national negativity in the news doesn't help. I also agree that like the stock market, when the bottom is reached, you'll will look back and see where the bottom was.
Mar 02, 2008 10:48 PM
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
A lot of reasons why people are sitting, but you're right...prices are awesome now.
Mar 02, 2008 11:02 PM
Baird & Warner Downers Grove - Downers Grove, IL
Realtor - Downers Grove
I agree with you on this one. I explain this to my clients this way, too or whatever they are trying to get for selling, they will make up on the buy side of their transaction. Great reminder!
Mar 02, 2008 11:02 PM
Realty One Group Mountain Desert - Tucson, AZ
Real Estate Is About People
Ding ding ding...we have a winner! Now IS the time to buy! Prices, interest rates, inventory to choose from...time to make a move, buyers.
Mar 02, 2008 11:25 PM
Keller Williams Realty - Hilton Head Island, SC
Our Association of Realtors has been promoting that statement for over a year now. It is interesting too when you look at the ocean front home sales where I live. . . they have been going strong! The rich know when to buy!
Mar 02, 2008 11:29 PM
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes
Ocean Front is usualy and most often consistent for sales. Unlike other properties inland. There's just so much ocean front and everyone wants it. Location, location, location!!!
Mar 02, 2008 11:37 PM
Coldwell Banker Ponderosa - Paradise, CA
Coldwell Banker Ellison Realty 352-209-4044 - Ocala, FL
Realtor, Homes, Farms & 55+
That is exactly the balance in this whole market that sellers are just not getting the picture of! I keep telling my sellers to negotiate hard on the buying side because that is likely going to happen to them. Its a balance to be recognized.
Mar 02, 2008 11:46 PM
Keller Williams Greater Omaha - Omaha, NE
Welcome to ActiveRain!
If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain. It has a few simple steps of what to do now that you have joined.
If you ever have any questions, just let me know.
Troy TrummMar 03, 2008 02:58 AM
eXp Realty LLC - Tigard, OR
Principle Broker Oregon
Keith,
That is what is so funny about sellers, they are so worried about getting the most for thier home that they forget that the house they are trying to buy is discounted just as much as theirs! This is wise advice and hopefully at least one person listens!
Welcome to the rain and look forward to seeing you around,
Mar 03, 2008 04:11 AM
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner
Hi Keith,
Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!
-Keith
Mar 03, 2008 06:00 AM
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876
Hi Keith,
Good Luck to you and your business! B-)
I see this is your first post on Active Rain. Congratulations!! I just wanted to welcome you to a fantastic Real Estate Industry Network! Welcome aboard, I hope you'll continue to Blog, and invite others.
I’ve added a link to a post called, “NEW MEMBERS – Start Here” that will hopefully get you up and running with the least amount of effort, and also help you to navigate around Active Rain more efficiently.
I hope you'll find this to be a useful post in helping you get started.
Again, welcome to Active Rain, the best place to start, and have a Blogging experience!Good Luck to you and your business! B-)
Mar 03, 2008 03:32 PM
Capitol Home Inspections - Richmond, VA
Richmondnulls Home Inspector - Capitol Home Inspections
Hi Keith,
All of the investors that I do home inspections for are loving this market. They all have bought more recently than in the last 2-3 years. I have also seen a lot of people moving from apartments to houses as well because of the market.
Ray McMurdy
Capitol Home Inspections
804-639-1171
Dec 02, 2008 11:54 AM
Jefferson Properties, LLC - Midlothian, VA
We are Richmond Real Estate
Hi Keith,
You are absolutely correct. Anyone in our market that has been in their house for 5 years or more is going to make a killing but they keep focusing on what it was worth 2 years ago. If they keep waiting for it to go back up, whatever they are buying is going to go up by the same amount. If you are staying in the same general area, the prices for buying and selling are going to move together.
Joan
Jan 07, 2009 10:22 AM
Egg Harbor Township, NJ
I see you haven't posted in some time.... Things have changed at ActiveRain... Its a great social environment filled with industry knowledge and connections from around the world, stop by you might like what you see !!!!
Jan 21, 2016 04:31 PM
Comments(18)