What are Buyers Waiting For ?

By
Real Estate Broker/Owner with Century 21 O'Donnell

 I understand that consumer confidence is down, gas prices are up, food prices are up etc. Real estate values are down, interest rates are still great; how much better can it get? Supply is high, multiple properties are available that will fit a buyer's criteria, the choices are many. What if prices trend down a bit more, so what! What if interest rates go up. There are so many factors to be considered when purchasing a property. There is an old expression that says, "He who hesitates is lost."

The mentality is like that of a gambler who just won a big jackpot but gives all his winnings back to the house thinking he is going to win a bigger jackpot. When the supply drops the demand will take prices back up. Strike now!

Comments (5)

Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Hi Joe,  Lately we have seen a small increase in the positive news about the housing market.  As these increase we will see the buyers return.  Good selling to you.

Jun 25, 2008 04:47 AM
Rebecca Schrader
Competitive Insurance of Dundee - Dundee, FL

Couldn't agree more and love the gambler idea.  I think many believe the best way to afford foreclosure is to RENT. 

The smart money is poking around, the rest will follow soon I hope.

Jun 25, 2008 04:47 AM
Ryan Horne
Home Team Realty - Seaford, DE

Totally agree!! Now is definately the time for buyers to strike. It is a buyers market, but will not be forever. There are many great programs available for buyers especially first time buyers that make the purchase even easier. Buyers take advantage of these advantages NOW whil there is still time!

Jun 25, 2008 04:52 AM
Jonas Kruckeberg
First Priority Financial - Temecula Murrieta Mortgage - Temecula, CA
Temecula Murrieta Mortgage

You are definitely right about that......Buy LOW and sell HIGH!!!!!!!

Jun 25, 2008 05:22 AM
Patrick Cashman
AmeriCorp Mortgage - Newtown, PA
NMLS#215938

Joe I wish I had read this blog before I talked with you today. You are exactly on the mark. Hopefully your team sees the potential out there. Thanks for the opportunity looking forward to a great summer!

 

Jul 16, 2008 08:42 AM