Buyers Beware...

By
Real Estate Agent with Keller Williams Realty RS-64070

I still do not understand why there are so many buyers that are still on the fence and not taking the plunge into the market.  With home prices having dropped substantially and interest rates as low as they are, homes are on SALE.  The economy of course is not in very good shape, but people still need a roof over their head right?  If you don't own a home you are going to rent somewhere...why pay rent to someone when you could purchase a home and pay the same amount (or very close to it) monthly.  I have spoken to a good number of buyers who have money in the bank (which is losing money) and could easily purchase a home, but they are stuck on the idea that the economy is going to get much worse and prices are going to fall another 50%...

The economy is obviously in terrible shape and every market is different, but how much lower do you think home prices will go?  Maybe I'm too optimistic, but I'd rather my glass be half full then empty. 

Buyers, now is the time to buy real estate and if you are still skeptical at least look at your options.  Many first time home buyers have no idea that they can purchase a home when they are more then qualified.  Don't miss out on the REAL ESTATE SALE!

Chris M.T. Bodden

www.BoddenRealEstate.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Hawaii Honolulu County Kapolei
Groups:
Americas Relocation Home Services - Our Mission is to Connect Home Buyers & Sellers With Local Real Estate Professionals
ABC's of Real Estate Marketing
Diary of a Realtor
Honolulu Real Estate Association
Addicted to Active Rain
Tags:
buyers
buy
home purchase
honolulu
kapolei
ewa beach
foreclosure
for sale
short sale
hawaii
do not miss

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,396,155
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

You are right Christ, this is the best time in 50 years to buy a home.  Not all people will loose their jobs!  And houses are priced as such that they could even make their mortgage payments with the unemployment if they do get laid off.  No one wants them to spend every cent that they qualify for! And even if they did loose their job you can stay in your home for almost a year in Indiana from the time you miss your first payment before the foreclosure process is complete.  How long do you think your landlord will let you stay?  Kind of a sick way to look at it, but in Indiana it is reality!

Mar 04, 2009 10:31 PM #1
Rainmaker
180,951
DeAndrea "Dee Dee" Jones
Home Buyers Marketing II, Inc. - Manassas Park, VA
The NorthernVARealEstateLady & DMVRealEstateChick

Its like double dutch.  They do not know when to jump in.  They keep thinking next month, next week, or next year will be better.  They don't realize the best time is now before they throw away more money renting.

Mar 11, 2009 02:02 AM #2
Rainmaker
525,202
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Chris, all those undecided buyers will wait until the last minute to buy... and then complain that the prices are going up again!  It's just human nature...

Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

Regina P. Brown

Mar 11, 2009 04:44 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
114,369

Chris M.T. Bodden

RA, CDPE - www.BoddenRealEstate.com
Ask me a question
*
*
*
*
Spam prevention

Additional Information