This came in as an “Ask the Broker” question, but it’s really a wide open pitch for any informed observer. (That would be you.)<\/p>\n
So should second-home buyers buy now, or wait? Will lending rates go lower soon? Or is this the time to strike?<\/p><\/blockquote>\n
Have at it, if you like, but back it up with a reasoned argument. I have no idea where our interlocutor is located, so respond for your own market.<\/p>\n
My own take: If you’re willing to buy aggressively and hold for at least three years — five would be better — this might be the ideal time to buy a turn-key home in the Phoenix area. Values could continue to slip over the short-run, but interest rates are unlikely to stay this low in the long-run. Waiting out the bottom on price could result in a worse buy overall, where hammering hard now on price while rates are still very low could put you in an excellent position to prosper when values start to rise again. Nota bene:<\/i> Never invest money you can’t afford to lose.
\n<\/p>\nTechnorati Tags: real estate<\/a>, real estate marketing<\/a><\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
This came in as an “Ask the Broker” question, but it’s really a wide open pitch for any informed observer. (That would be you.) So should second-home buyers buy now, or wait? Will lending rates go lower soon? Or is this the time to strike? Have at it, if you like, but back it up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,6,5],"tags":[],"class_list":{"0":"post-1242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-ask-the-broker","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1428,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1428\/ask-the-broker-buy-now-buy-later\/","url_meta":{"origin":1242,"position":0},"title":"Ask the Broker: Buy now? Buy later?","author":"Greg Swann","date":"May 14, 2007","format":false,"excerpt":"This question concerns the Phoenix-area, but feel free to answer it for your own local market -- just tell us where you are.Which would be more attractive? The 8 month market or the 14 month? I'm literally on the CUSP of being able to buy and with kids already transferring\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1011,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1011\/ask-the-broker-what-do-we-do-if-we-cant-find-the-listing-agent\/","url_meta":{"origin":1242,"position":1},"title":"Ask The Broker – What Do We Do If We Can’t Find The Listing Agent?","author":"Doug Quance","date":"February 7, 2007","format":false,"excerpt":"We (my fiance and I) put in an offer on a condo priced way below market, and the seller would like to take us up on the offer. However his agent is absent, disappeared w\/o a trace. The seller is bound by contract to his listing agent. Since our agent\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1318,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1318\/ask-the-mortgage-broker-how-do-i-become-a-hard-money-loan-broker\/","url_meta":{"origin":1242,"position":2},"title":"Ask the Mortgage Broker: How Do I Become A Hard Money Loan Broker","author":"Brian Brady","date":"April 18, 2007","format":false,"excerpt":"Brian Brady of World Wide Credit Corporation will be offering a free conference call and presentation: \"How to be a Hard Money Loan Broker \" Tuesday, April 24, 2007 4:00PM Pacific Daylight Time (7:00 PM EDT) SIGN UP IN THE COMMENTS SECTION (8 spots available) . Make sure that your\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1253,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1253\/ask-the-broker-asks-the-audience-what-do-you-use-for-a-listing-system\/","url_meta":{"origin":1242,"position":3},"title":"Ask the Broker asks the audience: What do you use for a listing system?","author":"Greg Swann","date":"April 2, 2007","format":false,"excerpt":"Another wide-open Ask the Broker question came in over the transom:Very rewarding and refreshing to listen to Russell Shaw. Wow, I wish I lived nearby. I'd love to see Russ live in April. Having said that, I heard Russell say listing homes is my future. It really sank in. I\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":428,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/428\/blogoff-post-51-ask-the-broker-do-you-drive-a-big-obnoxious-car\/","url_meta":{"origin":1242,"position":4},"title":"Blogoff Post #51: Ask the Broker: Do you drive a big obnoxious car . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This came up in a comment from a bubble head a few weeks ago. In truth, it's nobody's damned business, but it is a matter of concern around here:What kind of car do you drive?I drive a Hyundai Elantra Wagon: Her name is Beatrice, after the gorgeous Weimaraner in Best\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":463,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/463\/blogoff-post-86-ask-the-broker-what-does-pre-qualification-mean\/","url_meta":{"origin":1242,"position":5},"title":"Blogoff Post #86: Ask the Broker: What does pre-qualification mean…?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is a question I'm hearing every day right now:What does pre-qualification mean?Why am I hearing that question? Because I'm representing the seller in a house that is not closing, day after day. 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