What the heck is up with Buyers today???

By
Real Estate Agent with Affinity Real Estate Group

So today I'm in a bank and i hear the loan officer tell the buyer, "hey if you want my honest opinion the real estate market is going to be going down at LEAST until October.  If I was investing I'd definitely wait."

I was totally shocked.  Here's a guy that's going to be in a new profession within just a couple of months....  and he's giving bad advise.  The Seattle Market has gone up 1.2%.  We're in the top 10% of markets in the nation... and this is the advice given to potential buyers.  

I'm totally shocked!  It's a great time to buy! 

What are you doing to help your buyers realize that this IS the time to buy a house? 

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Groups:
Realtors®
Online Marketing Help Center
Puget Sound - WA Real Estate
Keller Williams Realty Bellevue
Tags:
buyers
for agents
lead generation
realtor procedures

Comments 13 New Comment

Anonymous
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Rainer
116,600
Bob Volanti
Fresno and Clovis, CA Realtor
London Properties Ltd

Lise,

Wonder if the banker could tell the buyer what the interest rates will be in October or how their lending practices might freeze that buyer out. I tell people to buy and sell when they have the need, then stay put and don't worry about it.

Last but not least, don't expect to use the property as an ATM machine. Shelter first, investment second.

May 20, 2008 12:39 AM
Rainer
29,614
Andy Laughlin
ConnectRealty.com

Hello, I don't know if you have heard of Connect Realty yet, but it is a great new company that is growing Fast!! Take a look at my blog "The Future Of Real Estate!!" Let me know if you want to hear more.

Andy Laughlin

Bellingham, Wasington Real Estate

andylaughlin@connectrealty.com

May 23, 2008 11:10 PM
Rainmaker
1,178,730
David Saks
Memphis, Tennessee
The Real Estate Mart of Tennessee, Inc.

It is a great time to buy with great credit, but I perceive market correction to be seven plus years away. Taxes, refinancing, new financing and other factors will weigh heavily on the conditions affecting market correction.

May 23, 2008 11:13 PM
Anonymous #12
Anonymous
Anonymous

The loan officer in the bank probably just repeated something that she has heard someone else say.  The media reports daily about what a "bad" market we have and some people listen.

Here in CA I think it is agreat time to buy.  Lots of inventory and motivated sellers.

May 23, 2008 11:43 PM
Rainmaker
93,550
Leslie Stewart
Realtor , CRS, eCertified, Oregon Licensed Broker
Prudential Real Estate Professionals

We have been trying to fight fire with statistics and education.  It is a slow process.  Buyers trust what the media says it is difficult to fight it. 

May 24, 2008 01:54 AM
Anonymous
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Rainer
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Lise McCleerey

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