Fear is a Powerful Force when Buying a Home in Lakeland Florida
In one of my previous blogs, I have written about setting priorities when it comes to home buying here in Lakeland, Florida. I have been working with a young family looking for a home. I've shown them numerous homes that were within their price range and style; recognizing that it would be an opportune time to buy. Buying a home is not my decision to make and I will pressure nobody to buy any particular home at any price I show; however, I'm here to counsel my buyers about pricing, location and the potential ability the property may or may not have. Still, the young family is torn in their decision to buy a home and have yet to make a serious offer.
Buyers search endless hours on the internet for their dream home at a bargain price. When they do find their dream home they become very exuberant about buying their home signing the purchase contract only to rescind the next day because of fear. Given the economic crisis, job security, high gas prices, and turmoil on Wall Street - these are all contributing factor causing insomnia to many confident home buyers.
For real estate professionals, it is intricate to estimate home values today, it is even more complicated to predict the value of real estate in the future. Nevertheless, buyers who purchase their homes at rock bottom price in well established communities will see their homes appreciate over time. This simple statement by Warren Buffett applies not only in the stock market; it also applies in the real estate market: "Be fearful when others are greedy, and be greedy when others are fearful." In today's Buyers Market - bad news is good news; it lets you buy a slice of America's dream at a much discounted price.
If you are seriously considering buying a home, let me suggests a few things that I have experienced when working with home buyers:
- Purchase your home with your eyes wide open, ignoring the negative atmosphere of news reports.
- Obtain every solid piece of information about your next home, your neighborhood, your community.
- Re-examine you reasoning in purchasing your home.
- Delaying a home purchase due to instability in the housing market could mean lost opportunity for you.
- Don't let the abundance of inventory find yourself confused by an array of choices - hire an experienced Realtor® that can help you clarify your choices and bring it back into your perspective.
- More importantly now for you is to hire a strong local mortgage lender, who will work with you to obtain all necessary documents to get a loan approval to be a strong buyer.
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Fear is a Powerful Force when Buying a Home in Lakeland Florida
Petra Norris - Realtor®
Licensed Florida Real Estate Broker
CDV TransAtlantic, Inc.
P.O. Box 92050 - Lakeland, FL 33804-2050
Telephone (863) 618-6919
I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.
HI PETRA!
These are excellent tips for a home buyer. I really like eyes wide open. That's code for really know what you're doing and what you want and even more know who the go-to person is. In this case, it's you Petra!
Great job!
Yvette - Thanks for your kind comment. In today's market, we have to emphasize and re-emphasize on what is important when it comes to home buying.
I think more and more buyers are in fear of the news that is given to them on the 6 o'clock news and I feel if I give my buyers all the information they could possibly need, they won't have that fear.
But, fear does seem to control others more than others.