A thought for Thanksgiving!

Posted in General Real Estate , Myrtle Beach Real Estate

What has happened to the age old investment adages of Buy Low – Sell High and Buy on Bad News, Sell on Good News? It seems we are in the exact opposite state of mind.  Everyone is trying to sell either from necessity or fear… And not buying because of fear…

How many times have you seen or heard the following?

Bring any offer
No offer is too low
Seller must sell

WHERE ARE THE BUYERS? WHY ARE THEY NOT BUYING?

With the FED’s announcement of a massive new program to buy mortgage-backed securities rates have made a historical drop.  This perfect storm of pricing, supply, and mortgage rates is not likely to been seen again in our lifetime. 

Ask your potential buyers do you want to be in the first wave and get the Best deals or in the second wave and get the ok deals?  To use a basketball phrase now is the time to “cherry pick”.

One final thought to remember – Nobody ever times the top or the bottom – Has the real estate market hit bottom? No one knows… However, it is HIGHLY unlikely we will see another 20 or 30% pull back in pricing…

NOW IS THE TIME TO BUY REAL ESTATE… Real Estate is cyclical and the greatest long term investment on earth.

One Response to “A thought for Thanksgiving!”

1. Chantelle Sackman says:

   June 14, 2011 at 5:12 pm

   Sala de leos…

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