Time to get off the fence.

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In today’s economy, people have been riding the fence for a long time. I saw this commercial last night and I knew that I had to find it and put it into an article. This commercial from the National Association of Realtors pretty much sums up anything that I can say.

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12 responses to “Time to get off the fence.”

Colleen Fischesser says:

January 13, 2009 at 9:22 pm

Danny, love this message! Thanks for making me aware of this campaign. My son (a recent college grad) is chomping at the bit to buy with rates as low as they are. He’s not listening to any of the negative news…he’s an accountant a good financial opportunity when he sees it!
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Michelle Chamberlain says:

January 13, 2009 at 9:42 pm

Danny,

Great post and great commercial. But they should have advised to get preapproved first.

Michelle

Michelle Chamberlain’s last blog post..Cash Flow. The Secret to Small Business Success
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Danny Thornton says:

January 13, 2009 at 10:12 pm

Colleen, I would agree with him. I want someone to tell me when in the future do they expect the rates to get this low again.
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Danny Thornton says:

January 13, 2009 at 10:13 pm

Michelle, always the loan officer. I love it. You are correct. They need to add that portion to this commercial.
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Robin Green says:

January 14, 2009 at 4:24 pm

How low are the rates really right now? We have been looking into buying a second home. Would now be the right time to do so?

Robin Green’s last blog post..New South Carolina legislation on the table for 118th session
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Danny Thornton says:

January 14, 2009 at 5:09 pm

Robin, buying a second home is a bird of a different color. This is something that FHA does not cover and typically it would mean putting a 20% to 25% down payment. Rates are still attractive on homes like this.
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Sandy Noll says:

January 14, 2009 at 6:05 pm

Great message! I’m going to send it out to everyone I know!
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Danny Thornton says:

January 14, 2009 at 6:09 pm

Sandy, I think that NAR has stepped up to the challenge this time. This is definitely the type of message that we need to be promoting.
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Dubai Real Estate says:

January 14, 2009 at 10:03 pm

The right message at the right time, get off the fence and back into the market! Hopefully the message get through!
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Danny Thornton says:

January 16, 2009 at 3:58 pm

I totally agree.
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Joe says:

January 17, 2009 at 1:09 am

Good thing people don’t listed to the garbage coming out of realtor’s mouths any more.

A huge number of layoffs are happening in 2009. About 70% of layoffs will result in a foreclosure and other negative real estate result. Thus, prices will fall more in 2009 than they did in 2008. Hard to believe, but true. Only an idiot would buy a house right now.
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Danny Thornton says:

January 17, 2009 at 11:19 am

Joe, some people would wonder why I would leave your comment here. Well, frankly, you are entitled to your opinion, even though I think that it is asinine. People that buy homes are the ones that can afford to buy homes, or at least that is the way that it should be. I do not agree that 70% of the layoffs will result in foreclosures. Some people actually plan for a “rainy day”.

On top of all that, I think that President Obama and his economic staff will do all that they can do to spur the economy.

What I love to see is the people that actually have faith in him to do his job.
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