All Home Hunters Unite!
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Network: All Home Hunters
Quote:Will they be included free with the house?
Originally posted by rahul_singh23
2. Hire underwear models: Want foot traffic at your open house? Hire a few underwear models to lounge around the yard and entry way.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Location: Mississauga/ Toronto, Can
Posted on: 21-11-08 01:31:01
No sales person (when doing a sales pitch) has ever told me 'now' is not a good time to buy, be it real estate, stocks or mutual funds.
If the market is rising, then the reason is, buy now as the price will only go higher and you will make a profit.
If the market is dropping, then the reason is, buy now as the price is rock bottom and will only go higher in future and you will make a profit.
Does not take a lot to figure out why.
Rare is the breed of sales persons who will tell their clients to stay away from the markets when they should be staying away.
Trinity
Location: Mississauga/ Toronto, Can
Posted on: 21-11-08 01:32:58
Duplicate post.
Quote:
Originally posted by Trinity
No sales person (when doing a sales pitch) has ever told me 'now' is not a good time to buy, be it real estate, stocks or mutual funds.
If the market is rising, then the reason is, buy now as the price will only go higher and you will make a profit.
If the market is dropping, then the reason is, buy now as the price is rock bottom and will only go higher in future and you will make a profit.
Does not take a lot to figure out why.
Rare is the breed of sales persons who will tell their clients to stay away from the markets when they should be staying away.
Trinity
Well said , the fact to remember is - you have the strings to your purse and you should use your calm and sense (common sense
) to judge what to do .......... whenever encountering an aggressive sales person , I just make my mind to take the decision later and inform so to him / her as well. Coming back to houses - no one knows whats in for tomorrow but the prospects appear gloomy - no one can deny that. Some times over consumption spirited by inflation and boom can also lead to high prices .......... thats where being conservative is prudent .
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Fido.
Blaming ALL RE Agent dosent make sense to me , there is few good few bad, it is our responsibility to choose the best. RE Agent will never say no to buyer or seller since its their only income source. YES a good RE agent should advise in at what price should be sell or buy and they way of protecting while buying and selling. – NOT ALL RE AGENT ARE FAITHFUL towards client ( most of them wants to make money – HERE u can blame on RE agent but not for buying or selling at certain time.
NOW ABOUT buying house , From my experience I can say there is two scenario:
1: Buy to LIVE-IN
You can buy anytime if you can afford since you are living in. But I learn different trick – when INTEREST RATE is low and market is down try to buy bit newer and big house ( bigger then u want for your self to live in ) which has more potential to re sell at good profit – ( ofcorse it has to be fit within your budget )– then wait till demand become high or interest rate start to rise then down grade to your needs. By downgrading to your need you will still have place to stay as well as chances are you will make good profit selling bigger house.
2: Buy to Invest
This is up 2 people – If they can hold the property for longer time – want to take risk – many factors and I cant comment on them since I am not one of them
Quote:See, this is a very good example of why RE agents solely cannot be blamed for this situation in the housing market.
Originally posted by meetonline
1: Buy to LIVE-IN
You can buy anytime if you can afford since you are living in. But I learn different trick – when INTEREST RATE is low and market is down try to buy bit newer and big house ( bigger then u want for your self to live in ) which has more potential to re sell at good profit – ( ofcorse it has to be fit within your budget )– then wait till demand become high or interest rate start to rise then down grade to your needs. By downgrading to your need you will still have place to stay as well as chances are you will make good profit selling bigger house.
2: Buy to Invest
This is up 2 people – If they can hold the property for longer time – want to take risk – many factors and I cant comment on them since I am not one of them
People have these kinds of plans and want to do these kinds of things and then go to RE agent.
What do you expect them to do?
If you go to a RE agent and tell him/her that you want to buy a 5,000 sq. ft. home, what do you expect them to say?
People have been using residential homes for speculative and investment purposes, just like stock shares and bonds and how can you blame RE agents for that?
It's like if you lost money on shares that you decided to buy, can you blame your bank/broker for that?
Same is true for mutual fund dealers that Trinity referred to.
People go to them and ask for double digit returns and tell them their investment horizon is 20 years and score high on risk tolerance.
What do you expect them to do?
They will obviously make you buy tech stocs and emerging market stocks.
Mutual benefit - you get what you asked for and they collect their commissions.
Same with RE agents.
Before we start blaming RE agents or mutual fund dealers, we should do some introspection.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
So much of blame game – everyone had shared their views.
Lets go back to original topic “ALL HOME HUNTERS UNITE! “
Guys lets use this forum for good purpose to get benefits of current real estate market. Since this topic is about Home Hunter , lets talk about buying scenario
Topic should be covers as: Is it right time to buy ?
What kind of property will be in demand? – condos, townhouse, detached house , multi-plex or commercial
Where should we buy ? (Everybody should put comment based on your neighbour hood) ?
What kind of Mortgage Term we should be get at this moment ? ( open, close, variable)
I AM SURE I AM STILL MISSING SOME GOOD POINTS BUT OTHER CD’S CAN ADD THEIR TOPICS
WHAT DO U SAY GUYS ? SHOULD WE FORGET ABOUT BLAME GAME AND GET BACK TO ORIGINAL POST ?
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