Now it's time to turn the media hysteria to your advantage!
The general media has invested so much ink and air time into perpetuating the notion of a housing bubble that it's now time to turn that to your potential advantage. Just a short while ago, any buyer had to brave the auction style feeding frenzy, lick an envelope, submit their "sealed bid" cross their fingers and hope that their 5% over the asking price offer was enough to do it against the dozen or so other interested parties. No doubt that makes for happy sellers. However, since we all need a place to live, don't just about all sellers turn right around and immediately become buyers? And, if they were trading up to a larger home, didn't that just mean that they were going to pay proportionately higher on their next house to assure the didn't just render themselves homeless? You bet it did. That brings us to the opposite conclusion applicable in today's buyers market, which is that taking a bit of a perceived hit on your sale means you're turning around to enjoy a respectively larger bite of benefit on your purchase.
There's so much any to say here that I've just attach it as an MP3 and also for your viewing pleasure. As a PDF. Please listen on a print away.
Authored by:
Donald W. LaPlume
Sensible Mortgage Solutions Corporation
603-543-3700
and
Brian Larrabee
Estate of Mind Inc.