Media
Exaggerates Condition of Housing Market!
The media thrives on bad news,
sensationalizing everything they report, very seldom just “telling it like
it is.” Ever since Paris Hilton got out of jail, they’ve had to latch onto
something else “big” and chose the housing market. They make it sound as if
everything bad happening to our economy is due to a weak housing market.
The truth is now is the time to buy a house! You won’t hear that from the
media, but we’re telling you this because there are some excellent deals out
there just waiting for you! Inventory is high and many sellers need to sell
NOW! This means that a shrewd buyer with good credit can afford to buy their
dream home now instead of later. Investors can shop for a great deal now,
flip the house when the market returns, and walk away with a good profit.
The housing market is experiencing what is known as “deferred demand” where
the need for homes is there, so demand does not go away. Empty nesters and
seniors look to downsize; young marrieds want to quit renting and invest in
their own home; couples divorce and still want the investment of a home,
albeit a smaller one; couples with growing families need larger homes . . .
there will always be demand.
Today’s buyer understands that houses are not like plasma TVs. When the
price was $10,000, most people decided they could do without; but, as
pricing dropped, more consumers decided to indulge themselves. Houses are
not like that. Everyone needs to live in a home and will often change homes
to meet their changing needs.
In summary, now is the time to move because:
1- Inventory is high, offering a large selection and great deals
2- Sellers are anxious to sell and many need to sell now
3- Prices are at their lowest in five years
4- A returning market means higher selling prices – not good for the buyer
5- Deferred demand is accumulating, so the market will bust out because
people will no longer wait and will decide to act to meet their family needs
Don’t believe everything you hear in the news! The housing market is not as
grim as the media would have you believe. . . it’s just more exciting to
report bad news. If you have good credit, act now!
- Marv Kombrink has been working in his family-owned real estate business
since 1991. Specializing in Geneva, St Charles and Batavia Illinois
residential real estate his team stays on top of the latest trends while
maintaining superior customer. |
