Westmoreland County ahead of the frenzy!!

By
Real Estate Agent with Keller Williams Realty

It's been a while since I have been posting and I really want to get back into it. 

Like many of you I am so frustrated by what this media frenzy has turned this crazy market into. 

Here's my point of view about it. 

In the area I live in we have had a rather steady market with only a few percent increase in the value of homes per year.  Ranging from 3-6%.  Unlike many hot markets we never saw a huge increase therefore the "market crash" didn't really affect our home values. Well it shouldn't have.

I have always thought of Westmoreland County as a service area.  We earn our money from others buying our product then we go and pass it on to the next business.  Years ago we lost the majority of our big industry and have basically been relying on each others services and business.  SO with this said we've been ahead of the "financial crisis" for a long time.  Everybody else is just catching up!! 

Now the sad part is I have talked to many people who have absolutely in no way been affected by the market and yet STILL feel it's a bad time to buy a house.  WHY?????   It's a  GREAT TIME to buy!!  They honestly can't give me a good reason except they feel the media has made people believe we are going to be standing in bread lines!!

Doesn't it make sense that if you want to improve market conditions we should be PREACHING how great times are to come and that there is ABSOLUTELY no reason not to buy if you are qualified!!  It seems that somebody is really enjoying creating chaos.

This concept of sellers being asked to rent out their homes to buyers who have no reason not to buy is ridiculously!! 

I do feel like I should state that I understand that there are people in my area that have truly been affected by the market and I don't want it to look as those I am mocking them I am not.  I am generally speaking!

Moral of my ranting!!   Westmoreland County has been suffering a "financial crisis" as they call it for years  we are ahead of the game-GO OUT AND BUY A HOUSE!

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Rainer
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Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

The national news stories on the financial and housing markets definitely have frightened a number of prospects and frightened prospects don't buy.  My submarket has actually seen an increase in sales and an increase in median prices.  Although these increases are modest compared to the past 10 years, they still are increases.  Yet, we daily have to explain to prospects why it is a good time to purchase and why we won't accept a lowball offer.

Nov 09, 2008 01:11 PM #1
Rainer
23,476
Rick Fitzgerald
AAM Capital - Chattanooga, TN
The MultiFamily Expert

There really hasn't been a better time to buy in a long, long time.  Good credit and job gets you financing.  The biggest problem in our market is having to sell your house to get that great deal. Everyone wants that great deal but doesn't want to sell their house as a great deal.

Love PA and your part of the country by the way.

Nov 10, 2008 06:45 AM #2
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Rainer
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Melissa Merriman

Realtor Greensburg PA
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