Human nature repeats itself in the stock market and now the real estate market. Prices are at their lowest in 2 years and more buyers than not won't pull the trigger. The hesitation to buy at these great prices is prevalent. The market upswing will invariably occur after the prices increase. Whether its stocks or homes, those brave souls that start the movement by buying at the bottom create their own success and take the largest return.
We've just finished our first really slow summer season of the past 5 years. There's a huge excess of inventory. There are bargains to be had and deals to be made. Make offers now.
Interest rates haven't risen yet. If you're a credible buyer, if you can secure a loan, as a buyer to a seller, you are golden.
The time of seller capitulation is here. This may be the best buying opportunity that we've seen in our market in years.
Saturday, August 25, 2007
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