Buy or Wait

I'm currently working with investors. I work as a Realtor for Century 21 Adventure, Inc. My market is in Fredericksburg, VA. It seems that most of my clients have decided to wait to purchase, thinking home prices will decrease another 20%. My perspective is a bird in hand is better than two in the bush. Prices may come down further. They may not. That's a chance they are willing to take. I'm confronted and asked daily about our current market conditions. I explain to them that now is the best time to get a once in a lifetime deal .Investors can make a fortune with flipping foreclosures. I advise my move up sellers that they may take a hit on the sale, but gain back on purchase. As Realtors, many buyers and sellers look to us and our input in their decision making process. We need to emphasize the positive points on purchase deals. The upside down clients need to consult their lender via hardship contact. The market will get better. Hang in there.