MEDIA DISTORTION OF REAL MARKET

By
Real Estate Agent with Keller Williams Realty

It is time for every family or individual whose lifestyle is evolving to quit reading and believing everything they hear in the media about the doom and gloom of the housing market.  These negative "the sky is falling" reports have ABSOLUTELY NOTHING to do with your life needs!  You and your family's needs and desires are constantly evolving.  You listen to these reports and say to yourself, "I can't sell my house now.  I'll only lose money on the sale".  Or you'll think, "I can't buy now, I'll pay too much".  So you listen to the negative reports and do nothing.

Well guess what?  There has never been a BETTER time or a WORSE time to buy or sell your home.  Real estate prices are clycical and go up and down.  Nothing has really changed in the last fifty plus years to determine when the "right" time is to buy or sell a home.  The right time for you to buy or sell is when it fits your lifestyle and the growth of your family.  Remember, you are progressing through life on a relatively short trip.  You should realize that how and where you live are the important factors in buying or selling a home.  You cannot put a price on the quality of life that you enjoy. 

Yes, you are investing in property that you hope to make a gain on, but are you not really investing in your life as well?  Why stifle your evolving lifestyle needs because you read or hear negative articles about housung?  If you wait for a perfect time to buy or sell, you may just run out of time altogether. 

Let us have your thoughts on this.

Comments (5)

Linda Flack
Realty Executives in The Villages - The Villages, FL
The Villages is where you retire with attitude

Absolutely!  A very wise friend of mine stated it like this when asked how you know when we are at the bottom.  He said you will see it in your rear view mirror.  The meaning being, we have passed it and yes you missed it again so hurry up buy now. Interest rates are great and prices are great.  If you are selling and then buying this is the perfect time.  You are just trading $'s for $'s.  Everything goes up and down together.  Some sellers think they are being singled out.  Of course they aren't.  Moving at this time is less expensive in closing costs too.  DO IT NOW!

Jun 02, 2008 11:59 PM
Steve Homer
The HBH Group (Keller Williams affiliate) - Round Rock, TX

I have a theory about media-created "false" recessions every presidential election year.  You can see the trends every four years and I think the media is to blame.  In our business, May 2008 was the best month we've had in 7 years...  How can that happen in a recession?  I think the world needs to turn off it's TV and Radio news, and just live...  LOL

Jun 03, 2008 12:05 AM
Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
Florida List For Less Realty, Inc. Broker/Owner. - Cooper City, FL

CM & JM,

The media is normally 6 months behind reality or in this case Real Estate.

They distort the truth and expound on the BS in hopes of a better story....

Jun 03, 2008 12:52 AM
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

In general I think you are 100 percent right. What has made this situation a little different is the fact that the run up was on borrowed money and so the dip is a lot deeper as folks who had no business getting a loan simply walk away. That does drag on the rest of the market . So this correction is taking longer than maube any other one other than the depression in the 30's. But again Alll the positives for home ownership are there

Jun 03, 2008 01:01 AM
Christopher Hallmark
The People's Home Mortgage Corp. - Matawan, NJ

Just remember,

 

only bad news makes the front page

 

Regards,

 

Chris Hallmark

Nov 13, 2008 06:15 AM