Thinking Points For Buyers

by Joe Klock

- The doom and gloom you're hearing about in the mass media should not affect your decision to act if you are ready, willing, able, and eager to do so.

- Prices may still go lower, but as soon as they hit bottom, they will rebound with a vengeance, quickly wiping out any advantage you might gain by waiting.

- Right now, you have an unusually wide selection of properties to choose from, including those owned by people highly motivated to sell immediately.

- With so many potential buyers holding off, you have a much smaller number of people competing with you for the available properties.

- When the turnaround comes, those "waiters" will be your competitors, making your offer less attractive to those selling their homes.

- Financing is still available at historically low interest rates, but are sure to escalate when activity resumes at more normal levels.

- Even if you SHOULD pay a little more than you would if you actually hit the "bottom" of the market, normal appreciation would make the difference irrelevant within a few short years.

- If you as an individual ARE ready willing, able, and eager to make a move, the time for action is NOW!