Time to get off the fence.

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January 13, 2009 in Uncategorized by Danny Thornton

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 Comments »

Time to get off the fence.

12

Colleen Fischesser said: On January 13, 2009

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!
Michelle Chamberlain said: On January 13, 2009

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
Danny Thornton said: On January 13, 2009

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.
Danny Thornton said: On January 13, 2009

Michelle, always the loan officer. I love it. You are correct. They need to add that portion to this commercial.
Robin Green said: On January 14, 2009

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
Danny Thornton said: On January 14, 2009

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.
Sandy Noll said: On January 14, 2009

Great message! I’m going to send it out to everyone I know!
Danny Thornton said: On January 14, 2009

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.
Dubai Real Estate said: On January 14, 2009

The right message at the right time, get off the fence and back into the market! Hopefully the message get through!
Danny Thornton said: On January 16, 2009

I totally agree.
Joe said: On January 17, 2009

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.
Danny Thornton said: On January 17, 2009

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.