Buy Real Estate NowWhen I am asked by real estate agents or by consumers whether or not it is a good time to buy my answer is always the same “YES”. Thankfully I do work in a market that hasn’t been hit as hard in this housing down turn, but it has been hit. But all that means is that I have to work harder and do more prospecting to get clients…but back to my point.
It’s a Good Time for Buying Real Estate For Many ReasonsFirst, home prices are lower than normal so buyers can get a pretty good deal. Second, interest rates are lower than normal…it’s a perfect storm. First time home buyers can and should take advantage of this storm. Using FHA financing, they only need 3.5% in cash for the down payment. If they can get the seller to contribute to their closing costs (if not pay for all of them), they can get into a house for very little money. So buyers who want to take advantage of these historic lows are primed and ready to buy.
No More Gloom and DoomWe have to remember that consumers are constantly being fed real estate gloom and doom by the media. It is up to us, as real estate professionals to set the record straight. No matter what market you are in, it is always a good time for buying real estate for some people. If you are unemployed or don’t have the necessary money for a down payment, then no, it isn’t a good time for you to buy…but if this is or has been your buyer’s situation, then ten years ago during the housing boom wasn’t a good time for them to buy either. No matter what type of market we are in it is our responsibility to educate our buyers and help them assess their financial situation. So the next time you are asked, “Is it a good time for buying real estate“, say “yes, it’s a great time to buy”!
Real-Life Real Estate Training – The Training You Need, When You Need It
- Have you struggled turning contacts into clients?
- Are you working hard, but hardly making any money?
- Are you beginning to think you made a bad career choice?