I’ve taken a
small survey of about 50% of my past clients
who bought homes between January 2001 and January 2009 to
find out if they knew
what they know now, would they have purchased again? I can tell you
this, the
answer didn’t surprise me, but would it surprise you?
63% of my past clients said if they knew then what they know now, they wouldn’t have bought a home when they did. They said they would have bought a home, just not when they did. The number one thing I heard was “We got caught up in the hype and I think we over bid on our home”
Most said that they would have had more patience, waited a little bit longer and built up a bigger down payment. Some said that if they had known of a tax rebate they would have waited the three years and got that, but that was only about 10% of the people.
So, what advice can I give to today’s buyers? Take your time, don’t rush yourself and don’t think if you don’t buy today you won’t be able to buy. There is a home for you and at the price you can afford, don’t be pressured in to a home you really don’t want just because you don’t see your home on the market today.
Right now interest rates are low, prices are almost half of what they were a few years ago in some areas and all indicators say that the interest rates and prices will eventually go up and possible as soon as early 2011. So, don’t lose out, but also don’t feel that if you don’t buy today. When prices and interest rates do start to rise, more than likely it will be slowly and not over night. Right now there is plenty of money to be leant and plenty of great homes out there.
If you are in the market for a new home, don’t hesitate to call me as your dream home could be waiting.
Todd Clark and the Friendly Home Team
Knipe Realty
Todd@IFoundYourNewHome.com
Phone: (503)524-9494
Fax: (503)746-9573
I am a licensed Realtor who specializes in Washington County, Oregon and also work in both Clackamas and Multnomah Counties including the cities of Aloha, Beaverton, Canby, Clackamas, Gladstone, Gresham, Happy Valley, Hillsboro, Milwaukie, Oregon City, Sherwood and Tigard. All information contained in these posts are copyrighted and cannot be used without prior written approval authorization from the author me Todd Clark. If you are looking for an outstanding agent please give me a call I would love to help you with all your real estate needs.
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