tag:blogger.com,1999:blog-4797432599663441966.post8126584678287230956..comments2007-12-18T00:15:11.048-05:00FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-4797432599663441966.post-61659608324230714822007-12-18T00:15:00.000-05:002007-12-18T00:15:00.000-05:00

Hey Anonymous,Have you read any of this blog, besides this post?If you really think that homes are going to drop $100,000 in a "few months" then this blog is exactly right, then you should NOT BUY.And if you are right, and it DOES drop $100k in a few months, guess what... you STILL won't buy, because you will think it will drop more.Again, if you are trying to time the market, I don't suggest

FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-6319233921330059072007-12-17T14:53:00.000-05:002007-12-17T14:53:00.000-05:00

OK, so the best day is the day I decide to stop worrying and take on $100,000-200,000 in debt for 2-30 years that I could have avoided if I had just waited a few months?So, your point is that $100,000 in debt magically disappears over the course of five years? Or that buyers should just suck it up and pay $1000 a month extra on upside down mortgages so that their Realtors (TM) can collect a nice

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-21533619829350265672007-09-25T17:38:00.000-04:002007-09-25T17:38:00.000-04:00

Hey there Frank, from just across the river. Thanks again for a great write-up. I'm sure all of us are quite sick of the low-ball offers and buyers who keep asking the question you so eloquently answered. I hope you get as good a laugh as I did yesterday....I have a property on the market now for $695k, reduced from $850k, that was once ratified for $810k but couldnt go to settlement because

Developers Agenthttp://www.developersagent.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-74310345939251749382007-09-11T13:44:00.000-04:002007-09-11T13:44:00.000-04:00

Frank,Good stuff here. Buyers need to realize that getting a great deal and getting a great place to live may not always co-exist. It is a ggod time to find "values" in our market, but I agree a "home" should come first!

Eric Ransomwww.realestatelaundry.comnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-68889814022702823242007-09-07T18:10:00.000-04:002007-09-07T18:10:00.000-04:00

Well said!

Julia Huntsmanhttp://www.blogger.com/profile/17422861850430681110noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-55561367860602755422007-09-07T10:16:00.000-04:002007-09-07T10:16:00.000-04:00

Dear notabrokerthankheavens,You got me!That probably wasn't the best choice of words. What I meant was December is fairly dead since everyone is stressing over the holidays and right after the first I have experienced many more buyers, or at least lookers (ie Open houses and places going under contract.)So I thought I'd be all smart and go back and run some actual numbers for Dec vs Jan. To my

FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-42954535347346934472007-09-07T08:58:00.000-04:002007-09-07T08:58:00.000-04:00

Flood of buyers after Jan. 1st? I love the sound of broker flacks whistling in the dark.

notabrokerthankheavensnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-3524327225316057092007-09-05T10:56:00.000-04:002007-09-05T10:56:00.000-04:00

THANK YOU!! That's the question I get most often from both the realtor and lending sides. When is the best time to buy? I've always said there isn't a specific answer and it's situational, you've put it another way that seems to help take the stress off. Great post!- Tchaka

tchaka owenhttp://www.blogger.com/profile/01854363105662976449noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-19790102138790453682007-09-05T09:20:00.000-04:002007-09-05T09:20:00.000-04:00

Bravo Frank!Loved your post. Couldn't have said it any better. I'd love to share this with some of my Buyers who just can't seem to pull the trigger - always looking for the best deal. They really need to start thinking about what really makes a home a home. It's more than just where you sleep at night – it’s where you renew emotionally – where you find balance. A home isn’t a home unless it

Diane Szoke & Carolyn Dubrofsky:http://activerain.com/cyhnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-12554856462743879542007-09-05T09:19:00.000-04:002007-09-05T09:19:00.000-04:00

GREAT post! I've missed your posts recently but this one reminds me why I love reading them. So many buyers read the news and focus too much on the investment aspect when they truly want to buy a home. When I work with buyers I try to ascertain very early one which type of buyer they are: investor or homeowner. Thanks for getting our attention and reminding us!

Lake Norman Real Estate ~ Diane Aurit:http://activerain.com/dianeauritnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-64698572293062907292007-09-05T08:41:00.000-04:002007-09-05T08:41:00.000-04:00

Good post. Thanks for sharing.

Bob & Carolin Benjamin - E Phoenix Valley Real Estate:http://activerain.com/benjaminteamnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-31017933639958579582007-09-05T08:40:00.001-04:002007-09-05T08:40:00.001-04:00

As a buyer's agent I am seeing some great buying opportunities and I know they won't be here for ever.

Darrel Quebedeaux:http://activerain.com/darrelqnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-92164884594000666652007-09-05T08:40:00.000-04:002007-09-05T08:40:00.000-04:00

agree with Robert Kerr. Are you saying now is the time to buy because you want a commission check in a month? Try to look at the long term repercussions and how it will benefit you, as a REALTOR. Client "A" takes your advice and gets a "good" deal in today's market. Client "B" decides it's more prudent to wait, and buys for 20-30% less than Client "A". Five years elapse and Client A is

Barry Shapirohttp://activerain.com/findcamarillohomesnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-56597198433079517342007-09-05T08:38:00.000-04:002007-09-05T08:38:00.000-04:00

Good post Frank............Look forward to the next one.Duane Hosek in the Black Hills of South Dakota

Duane Hosek:http://activerain.com/duanehoseknoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-45508865027895874532007-09-05T08:37:00.000-04:002007-09-05T08:37:00.000-04:00

Good one Frank, I had to tell a client today that if he wansn't ready to stay in one place for at least 5 years he should hold off.

Brian Brumpton, Boise Idaho Real Estate Professional.:http://activerain.com/brianbrumptonnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-78591733610294792472007-09-05T08:36:00.001-04:002007-09-05T08:36:00.001-04:00

That David Lereah is a putz. Completely ruined the credibility of NAR (not that it was even relevant at the time)!

Kevin Tomlinson - Miami Beach Real Estate:noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-80400058092235551012007-09-05T08:36:00.000-04:002007-09-05T08:36:00.000-04:00

Well said.The market changes constantly and as soon as buyers and seller's realize that they drive and set the market the sooner we will all have a more stable market. Seller's need to come down in price and buyers have to make reasonable offers. My market has not hit bottom yet I think by summer it may start to stablize

Laura Jecker:http://activerain.com/laurajnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-80304222432275295212007-09-05T08:35:00.002-04:002007-09-05T08:35:00.002-04:00

Great post! It wasn't that long ago that people bought homes to live in, raise their families, and build memories. How'd we get so far from that so fast?

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-19758247474800510052007-09-05T08:35:00.000-04:002007-09-05T08:35:00.000-04:00

fantastic article Frank! One of the best I have read in a really long time!

Jennifer Walker-Derby, Realtor Extraordinaire:http://activerain.com/jenniferwalkerderbynoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-61921135214333186142007-09-05T08:34:00.000-04:002007-09-05T08:34:00.000-04:00

Great article, Frank. There are always going to be folks who was to beat the market in one way or another, so the question about when to buy is always there, and there is never a right answer for them. The long term value is, for most, the best reason, adn there are always good deals that will allow for that.Jeff

Jeff Dowler ~ Carlsbad, California Real Estate:http://activerain.com/jdowlernoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-59735411328491135942007-09-05T08:33:00.000-04:002007-09-05T08:33:00.000-04:00

In the stock market they say you can recognize a bottom when it is the topic of conversation on everyone's lips. When it is headline news every day. I wonder if there is a correlation between the stock market and the real estate market?

Laura Moore Godek:http://activerain.com/lgodeknoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-35130225308688772982007-09-04T09:25:00.000-04:002007-09-04T09:25:00.000-04:00

I always thought it was always a good time to buy, but not always a good time to sell.

Todd Endlichhttp://activerain.com/tendlichnoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-73492050894179403232007-09-04T09:24:00.001-04:002007-09-04T09:24:00.001-04:00

Securities brokers have always had the right response to this type of investor. They say "don't try to call market tops or bottoms..buy value and hold on for the long term". We in the real estate industry could learn from that simple response.

by Eric Kodner, Lake Minnetonka Homes & Madeline Island Real Estate:http://activerain.com/minneapolisbrokernoreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-3505939974137290122007-09-04T09:24:00.000-04:002007-09-04T09:24:00.000-04:00

Frank, I have a few buyers who are in "wait mode". No one can predict the market and by the time it starts to go up, those buyers will have missed out. If they need a home, buy now. If not rent. In my transient community a college town, we use to appreciate 8% per year historically. We plateued in 2001, in 2002, 2003, 2004, 2005 we barely kept up with inflation. In 2006 and 2007 so far we have

Ann Arbor Real Estate |Missy Caulk:noreply@blogger.comtag:blogger.com,1999:blog-4797432599663441966.post-65134647294705422512007-09-04T00:46:00.000-04:002007-09-04T00:46:00.000-04:00

Thank you for all your comments.I really do feel bad for those that are ultra stressed about timing the market. Some of them are even leftover from 2002 when they thought prices were way too high and they were waiting for a tanking (they would be $100k richer, even after the pullback). If somebody wants to find the bottom, I tell them that they aren't ready yet, and may never be.I also am

FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.com