Fri 21 Dec 2007
There’s No Such Thing as a Bad (real estate) Market.
Posted by Steve under Buyers & Sellers Info
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Richard Gaylord, 2008 President of the National Association of Realtors says, “Regardless of where we are in a cycle, there are always plenty of people ready to buy and sell”. The NAR president backs up this claim with these facts: the 2007 existing-home sales surpassed those of 2002 (which were at the time a record year).
Now is a great time to be a consumer “Today, buyers have more choices and favorable interest rates”. With the help of a professional Realtor we can put together good deals.
In my opinion; people I’m currently working with who have adopted a wait and see attitude, will soon miss the opportunities and will be facing “I waited and saw” only to realize they waited too long and then bought for more than they could have in retrospect. It’s been my experience prices never stay down long, and given time will exceed the last market peak after a short correction.
