JL's Columbia SC Real Estate Blog: Nothing Lasts Forever. Not Agony or Opportunity

Nothing Lasts Forever. Not Agony or Opportunity

Columbia, SC Homes for Sale

 Nothing in this life lasts forever, not agony or opportunity. There are a lot of people out there today who are in agony due to the current market, but there are also a lot of people out there who have an awesome opportunity as well. No down turn in the economy, including the Great Depression, has lasted forever. So the good news is that at some point, those who suffer today will find relief.

 The flip side to that coin is that those who balk on the opportunity of today will miss out on their chance to take advantage of today's market. There are several key factors that make now an excellent opportunity to become a homeowner.

Columbia, SC Homes for Sale

 Mortgage rates are at historic lows. They can't stay there forever and at some point they will rise.

 Home prices are down. For the most part, across the board homes are now cheaper than they have been in a long time. At some point those prices will rise.

 Inventory is up. Due to a decreased number of buyers in the market, the number of homes for sale is up. This gives you plenty to choose from in your search and less competition depending on the home.

 Yes, nothing lasts forever. Those who suffer today will get better tomorrow and those have an opportunity today will watch it slip away in time. Obviously if you are not ready to buy a home or you're incapable of doing so, then the opportunity doesn't matter to you. But, if you are capable and you have been thinking about doing so, then you need to seriously consider getting off that fence and seeing what opportunities lie before you.

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JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

Office- 803-788-1450     Cell- 803-730-9601     Email- James_Boney@Yahoo.com

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Comment balloon 23 commentsJL Boney, III • January 21 2010 04:25PM

Comments

JL ---- you are soooooo right -- those folks who can buy and are just waiting certainly can wait too long.
                                                                                           

                                                                   

Posted by Liz Loadholt, Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC (Liz Loadholt- AgentOwned Realty- Covering SC) over 8 years ago

Great Post.  People buying short sales have a great opportunity to purchase some nice homes at slightly below an already deflated market price.  with all the financing option available like low interest rates and some purchase credits, now is the time.

Posted by Geoff ONeill (John L. Scott Medford) over 8 years ago

JL:  Buyers need to get out there and buy up these incredible opportunities.  And you say, for the sellers, this won't last forever.  At least there is comfort in that.

Posted by Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster REALTORS®, Gainesville, VA) over 8 years ago
JL, life is a sine wave. Jump on all those crests and ride out the troughs!
Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 8 years ago

JL you and I are on the same page with this one. I just posted 2 articles on the tax credits. Now is the time in most markets to explore their option and if it makes sense make a move!

Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) over 8 years ago

Good evening JL,

I am thinking that we all can take a lesson from your post, buyers and sellers as well as listing agents and buyers agents alike.

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) over 8 years ago

JL...

No doubt about it my friend. You have hit the nail on the head again.

Featured in the group "Whacked!!!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) over 8 years ago

JL...Opportunity is much more fleeting than agony is!  It is also a better bet!

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) over 8 years ago

JL, this is an opportune time for buyers and sellers because of the increased sales volume due to the home buyers tax credits.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) over 8 years ago

AMEN! Someone recently wrote a post about the "silver lining". I think this is the first year in a long time that people are CHOOSING to see the silver lining! But it's always there; whether we see it or not. I believe this is the year we'll see things start to turn. I'm expecting good things this year. I have high expectations, and I think many other people feel the same way. THAT alone, can be the catalyst for change! =D

Posted by Lisa Hill, Daytona Beach Real Estate (Florida Property Experts) over 8 years ago

I think it's a great time, and for those people who have a steady job, and savings they should really think about it.

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 8 years ago

Taking something positive out of something negative, haven't I heard "making water into wine?" 

Posted by Dale Terry over 8 years ago

Opportunity knocks, but you've got to answer the door!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) over 8 years ago

this posts fits with "Alan's Axiom"... this too, shall pass... whether Agony or Opportunity, one day you'll find yourself on the other side of it.

Posted by Alan May, Helping you find your way home. (Coldwell Banker Residential) over 8 years ago

When people are not sure what to do, they will do nothing.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com) over 8 years ago

JL - If you have the means, the opportunity to get a property is as at present. Hopefully people are listening

Posted by Claude Cross, Charlotte NC Homes For Sale (Homes By Cross, Inc. ) over 8 years ago

At times like these it is hard to see that there IS opportunity.  Right now smart people are buying...don't wait too long.

Posted by Ruthmarie Hicks (Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605) over 8 years ago

Back to back excellent posts!!!  Opportunity is indeed here for those who are willing to change with the times.  Nothing lasts forever...including the way we must now do business.  Getting it is difficult for some...they like the same old, same old.  If you can look ahead, if you can change a business model, if you can grasp that the market will move and you might not, you will likely be successful, whether purchasing a home or obtaining new business.  Thanks. 

Posted by Don Sabinske, Sabinske & Associates Inc. (Don Sabinske, Sabinske & Associates Inc.) over 8 years ago

JL There is certainly great opportunity in most markets but it won't last forever.  Somehow I know some will miss the boat.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 8 years ago

This goes right along with what I was reading in SHIFT.  You can't "time" the market either way.  So when it seems prices have been down for awhile - you can never know when they will turn up -to hit the exact bottom is pure luck.

Posted by Sue Neff, Principal Broker, Jamestown, TN (Tennessee Real Properties) over 8 years ago

It's all perspective. You hit it right on the proverbial head. Opportunity is knocking. We have to grasp it while it's here.

Posted by Robert L. Brown, Grand Rapids Real Estate Bellabay Realty, West Mic (www.mrbrownsellsgr.com) over 8 years ago
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