I was just reading a posts on another real estate forum which shall remain nameless and a lot of posters were making fun of real estate agents for our most common ” lines”. You know, ones like, “Today’s a great time to buy”, ” Take advantage of the historically low interest rates” and comparing us to car salesmen. But, we don’t say those things just to hear ourselves talk, it’s because they are true statements. Yes, there has been a dramatic shift in the housing industry – but houses are still a good investment for your long-term portfolio and you life.
In an earlier post I talked about one of the world’s richest men. Here’s what he said about home ownership…..
“[h]ome ownership makes sense for most Americans, particularly at today’s lower prices and bargain interest rates.” Buffett didn’t stop there – stating that “the third best investment I ever made was the purchase of my home.”
So if not us, listen to him. Here’s what else he says:
1. Ditch your “dream home” for a practical pad. Buy a home that you can afford and one that makes sense for your family.
2. When you buy, plan to hold. Don’t think you’re going to flip your property in three years. Selling it in 5, 7 or even 10 is a better plan.
3. Mortgages should have fixed, affordable payments. Don’t buy what you can’t afford. If you can, put down a significant amount down and then give yourself fixed monthly payments.
Many Realtors are educated professionals and pride themselves on providing buyers and sellers the best and most informed data they can. We get a bad rap because people perceive that we’re only doing what we do to get a big paycheck, when in reality, we only want what’s best for our clients. So that’s really the key to seeing us in a different light – find an agent who has your best interests at heart and stick with them. It will be a mutually beneficial relationship and I bet your overarching perceptions about our profession will go up in smoke.