My silence for some time has been for a reason. The economy has not been helpful to the market, the media is droning on and on about everything negative and I am just tired of listening to bad news. Quite obviously it is scaring the home buyers out of the market. So I decided to take some down time to observe what is happening and give my own thoughts structure.
The buyers who are sitting on the fence today are actually going to be losing out very soon. Just as they always say- Buy when the media says "FIRE" ! But the buyers today are behaving exactly the same way as the ones in 2008. And all of my buyers who bought in 2009-2010 paid atleast 25% more than the prices in 2008. We went up further from the 2009 -2010 prices as well and the buyers think that the impending second recession is going to bring the prices down to prices lower than the 2007-2008 levels. I remember the time when my son told me to buy Apple stock when it was just under $100 and I thought to myself- I will buy it when it dropped more. And what happened? I lost the opportunity to make a fortune !
Now I don't even bother to convince my clients that this is a great time to buy. Sounds like a sales pitch and a broken record. If you cannot see the opportunity, you will be like me- looking back in hindsight and losing the dream of becoming a millionaire !!! Interest rates are low as could be but if fear grips you, that's ok - because the ones who have the guts will be the ones who will run way ahead in the race. I have family in India where they pay atleast 15 times more for the kind of square footage we can get here, their interest rate is 16% and the people who buy homes know that once they get their foot through the door it will pay off in the long run- despite the corruption in their system !!
It is a open door for huge opportunities because what is available at basement pricing now will be a premium in 10 years from now. And if I am alive I will look back and laugh because the fearless will be laughing with me.The nay sayers will keep their money in the banks at a paltry 1% interest and will continue in the path of mediocre growth.
San Ramon, 94582 Housing Market Analysis from 2009-2011 YTD
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Specializing in homes for sale in Windemere and Gale Ranch in San Ramon California; Dublin Ranch; Danville. Certified Pre-Foreclosure Specialist, Distressed property expert.
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