Seems simple enough - here's a great article on when to buy (and the answer is "NOW")...
http://realtytimes.com/rtpages/20071016_buyersmarket.htm
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About Me
- Mike Kinlaw
- I am a Realtor with Prudential Georgia Realty in Hoschton, GA. I live in Jefferson, GA. I was born and raised in Virginia and moved to Georgia in 2000. If I'm not playing with my kids or with my wife, my favorite hobbies/sports are basketball and golf. I am a basketball fanatic. Many moons ago, I used to teach school and coach. However, my dad became a Realtor and I eventually followed in his footsteps. He is an extremely successful Realtor, and I am very proud of him (professionally, but especially personally). My mom and great aunt Elinor have been (by far) the biggest influences on my life. My goal is to daily improve as a husband, father, son, friend, Christian, and professional.
4 comments:
Hi Mike,
This article was great. My fiance and I are getting ready to buy our first house. We want to be in Jefferson. I'll email you with our criteria, if you'll please help us in our search.
Hi Steve,
I'm glad you enjoyed the article. Sure - send me what you're looking for and we'll get you plugged into the MLS and get your own personalized webpage created for you in no time. Then the system will e-mail you each morning when a new listing is added that meets your criteria. You will find out about new listings nearly as fast as we (Realtors) do. You'll certainly know about them faster than the other buyers you're competing against!
You'll be able to categorize all of them into "Likes," "Possibilities," and "Dislikes." You'll also be able to see a ton of information on each property, including all the pictures, virtual tours, plats, etc. when available! I look forward to hearing from you.
Mike
Mike, Why do you think buyers aren't buying? Are they scared of the "soft market" we hear about on the news every day? It seems like everybody would buy now while the rates are so low.
Hi Shantel,
You ask a good question. One of my clients asked me the same thing a few weeks ago. I told him that every time I hear someone on the news say something about how “bad the market is,” I wish they’d finish their sentence with “...if you're a seller” or "...unless you're a buyer." They’ve scared a lot of would-be buyers out of buying when they should be doing exactly the opposite. Why don’t you hear that we had the 5th best year ever in 2007 - Yes, last year was the 5th highest-selling year in GA's real estate history!? Why don’t they say, “Man, if you’re in the market to buy and especially if you don’t have to sell your house to do it, then you’re crazy not to buy now”??? If the auto industry couldn’t sell cars and were taking losses b/c they had to drop their prices, they’d report that the auto industry was in peril…but it would be the perfect time to be a car buyer, huh? Doesn’t seem to make sense. Guess what they say about the positive not selling is true. The great news for you as a buyer is that a soft market leads to conditions perfect for buyers. It’s a buyer’s market – and has been for a while now. It’s an absolutely wonderful time to buy – and Georgia’s an absolutely wonderful place to do it. With our median sales price being as low as it is (and especially now that areas like Florida is in the shape it's in), people are flocking to Georgia. We’re the 5th fastest growing state – and are always in the top 10. Our market – barring a nuclear attack or something – is going to be strong year after year for quite some time, after this “correction” comes (well, think that’s already taken care of itself, huh?) and goes. What that means for you in the short term is – you get to buy now in great circumstances (unprecedented, unheard of interest rates, desperate sellers/investors, enormous supply, lower sales prices, cutthroat competition among sellers/listing agents/mortgage lenders, etc.) In the last few weeks since the rates have been dropped so low, we've seen a lot of activity in the market. Buyers are getting smart and realizing that there can be no better time to buy than now.
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