Realism -- seeing the risks, having the courage to bear bad news, and being prepared for famine as well as plenty.
Realtors tend to be a very optimistic group. That’s our job, to encourage people to make wise decisions. So we have to find something good in every market or we will be out of business.
I enjoyed this article by Deanna Salazar and Kerry Brown. Sometimes facts can help put some perspective into the local market. Not that we aren’t being effected by Washington, but there are other things to consider when buying or selling in the Boise Market.
Deanna “Late Night Letterman” Salazar’s Top Ten Good Things About Today’s Economic Storm
10. National existing home sales up 7.4% year over year in August! Sold properties in Ada & Canyon Counties for Sept 08 = 784 compared to Sept 07 = 690! Good news!
9. Warren Buffet has confidence in the market investing 20 billion while endorsing the financial rescue plan stating it would maximize benefits for the housing and financial markets.
(When Warren Buffet talks… everybody listens!)
8. Fannie Mae and Freddie Mac, the mother and father of mortgage loans for all Americans are still open for business with little or no major changes in operations.
7. Your money in the bank is now insured by the FDIC for up to $250,000.00.
6. Gasoline is back down to merely extortionate prices from obscenely extortionate pricesJ
5. Real Estate is on sale, folks! Just a few years ago buyers were scrambling over each other to pay $150 or more per sq ft for tons of homes. Do you know how many similar homes are killer deals at $85-$95 per sq ft now—same type of home? They’re all over the place! Buy while we’re still having the sale!!
4. Property Virgin? A $7,500.00 tax credit can now be yours when buying your 1st home!
3. Think there aren’t any loans out there? Nobody can qualify? Simply not true. With as little as 3% down, FHA limits are up to over $300K and 0% downpayment programs for VA borrowers up to $417K!
2. Capitol Hill and Wall Street bigwigs are exposed as blubbering hypocrites daily! J
And the Number 1 good thing (even in our stormy Oct 2008 economy…..)
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Each day we can….get hot water and electricity at our fingertips. We can travel from the Atlantic to the Pacific without showing identification and passports at each state, we have a bigger selection of food in our stores and restaurants than most countries could imagine, 95% of Americans currently have a job, we can read what we want, enjoy a movie, talk on our cell phones, push a button and depend on emergency services to help us and send our children to school without fear of bombings and militias. Not so bad, huh?
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Real estate agent that loves the country and selling real estate. Helping you navigate your rural property purchase whether a hobby farm, horse property, or a building lot with elbow room
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Sara,
Good comments, however, what about another one: We are thinning the herd and getting rid of many of the weak, tired, ineffective Realtors. Darwinism is alive and well in Real Estate. Thanks for the idea for another blog.
Jim
So true....another very positive thing happening for the consumer. Thanks for the addition!
Sara,
Well done! All one has to do is to see another country and how they don't have nearly as much freedoms or the lifestyle we are blessed with.
As for the local market, its the buying opportunity of a generation, in my opinion. Didn't Warren Buffet just buy a couple of home manufacturers?