Comments on: Buyer beware of what waiting can cost

By: Boat Rocker

Boat Rocker — Thu, 22 Jan 2009 05:22:34 +0000

Wow… again another prediction of doom and gloom.. If you wait, you’ll lose out.. That’s another realtor tactic of scarcity.. I’ve been on both sides of this coin where I was happy I didn’t wait then another side where I should’ve waited.. The fact of the matter is to use your own judgement and get sound advice.. Don’t ask your hairdresser or IT guy.. they won’t know and only talk to a Realtor that your really trust. Not the guy that just wants your commission. Sad to say that people are people and they have a need to feed their families so they need the sale. At least a friend will hopefully be honest with you and tell you where you can find the facts and work out the figures with you on what is likely to happen. And there are very few people who know when the fed will drop or raise rates until it’s too late but at least you’ll be ready when it’s time.

By: Mario Boulder, CO

Mario Boulder, CO — Sat, 04 Oct 2008 19:49:14 +0000

Cash is king these days in real estate and there are very few kings around- mostly servants to the real estate industry argument to put little down and leverage at low interest rates figuring that prices will always go up. Unfortunately its time to get real and batten down the hatches but if you have cash then use it wisely and wait for 20-50% discount levels which are coming over the next year or so- 90% of the buyers that could qualify 1-2 years ago are gone and shrinking by the day. The sky is indeed falling for most homeowners and for investors, well, they are snorkelling below water.

By: Kengo Ueno

Kengo Ueno — Sat, 19 Jul 2008 23:10:43 +0000

Buyers should buy when they are financially able to buy especially if it’s for themselves to live in and as long as they find something that they like. In order to build wealth through real estate, you have to get your feet wet and jump in first. You only look at price twice in life, once when you buy and second when you sell. Over time, values will go up. Take advantage of low interest rates while they are still historically low. Don’t let opportunities pass you by!!!

By: Di

Di — Wed, 16 Jul 2008 02:26:13 +0000

From personal experience I know this to be true. Everytime I waited for something to drop in price, it most times never did. More often then not, the price sky-rocketed. My husband and I were scouting for a home in Mililani Mauka. We found a nice home that was newly built and at the time, the home had central ac. It was selling for about $650,000. My husband and I decided to wait for personal reasons. A couple of years later, that same type of home went from $650,00 with central ac to over a $1,000,000 without central ac. Geez. Suffice to say we’re still looking.

By: Rowena Wong

Rowena Wong — Sun, 06 Jul 2008 04:37:38 +0000

On top of that, losing money to pay for your rent which could go towards your equity & missing out on the tax benefits.