10 Reasons why you should wait to buy a home right now!!!

With all the posts out there about how now is the best time in history to run out and buy a home, I thought it only fair to show you the reasons that you should not do so. The last thing this economy needs is for consumers to start spending money, that would actually cause the great deals to go away. Mainly due to the fact that it would cause the economy and the real estate market to recover, and at this point that's the last thing we need.

10- Rent is fun to pay. I mean it's not at all like having to pay your own mortgage, why do that when you can pay a mortgage for someone else. If you went out and bought a home, there would be one less investor out there getting a free house with your money.

9- The amount of homes for sale on the market. There is no need to running out there when you have a ton of homes for sale at your disposal. You should certainly wait for the numbers to dwindle so you will have less of a choice you decide to buy. This will keep you from having to be so picky.

8- The great deals will be the first to go. This will be your indicator that you are getting close to time to start looking. All the good homes will be taken and then you can go sift through the left overs for what you can salvage.

7- Low Interest rates. Low interest rates will cause your mortgage payments to be lower, and this may make you feel like you are not doing your fair share. You should definitely wait around for those rates to rise so you can make a higher monthly payment. Then you won't have to deal with the guilt of saving money.

6- The price of homes for sale. Currently many homes for sale are on the market at very competitive lower prices. If you can manage to hang in there a little longer without buying a home, then you can catch market during or after a recovery. This means that you will get to pay more for the home than you would today.

5- With today's rates and prices, mortgages on many homes for sale are actually cheaper than rent on the same homes. Again this would possibly save you money, and that's not what you want to do. You need to wait for the prices to rise so you're not getting as good of a deal.

4- A 10% of the sales price tax credit up to $8,000. If you were to buy a home now,and you are a first time home buyer, then you would receive this tax credit. If you can hold out until next year, then you will be able to avoid this tax credit all together. This will save you the aggravation of trying to decide what to do with the extra money on next year's tax return.

3-Builder incentives. At present, in addition to the competitive prices, many builders are offering other incentives on new homes. Incentives like a percentage of of the home for sale depending on your employment and reduced pricing on upgrades. Some are even offering free upgrades and tossing in little extras that they normally do not offer in order to sweeten the pot. This would mean that you could get a great deal on a brand new home in your area, and that's the last thing you want. Wait for these deals to be snatched up other buyers before you even consider looking for your new home.

2- Lack of competition for you. Right now with many would be buyers sitting on the fence trying to make a decision, you would have your pick of the litter as far as the homes currently available are concerned. You need to wait until many more buyers are on the search, that way you can possibly end up in multiple offer situations and have to fight another buyer over the home you really want.

1- The pride of home ownership. There is no reason to come home to a home that actually belongs to you. Why not constantly come home to a house that you are buying for someone else.

I hope that in some way this has helped anyone reading to figure out why you should stay on that fence. There are really too many great deals and incentives out there to subject yourself to making a decision as to which one you want. So hang in there and stay on those sidelines. With a little discipline and a little luck you'll be able to avoid all the great deals that this current market has to offer. Best of luck to you.

www.jlboney.com

Originally Posted by JL Boney, III Columbia, SC Real Estate

Up At Bat...Hoping For a Double and...Hitting A Home Run

That's what it feels like with our new Internet based transaction management system! Now our agents, clients and vendors have 24/7 access to their files through our website! No more calling or having to drive to the office to retrieve, send or receive a document! It's all done via our new system.

So far, we have a few sales associates on the system and they love it. One of our sales associates, William Troy, uses it often. He is a busy agent and gets all his updates and documents on his Blackberry! He then forwards them to whomever he wants. Another, a sales manager, Tony Barone thinks it fabulous. "Someone called and wanted the telephone number of an attorney working on one of my transactions and instead of having to get up and go to a file and flip through papers I was able to go online and retrieve it immediately", Tony told me. What if Tony was not in the office? He would have had to call in for the info and ask a fellow agent to retrieve it for him.

Sales associates access and work on their files on their terms. No lock downs here. Yes, according to the NJREC we do keep a hard copy of the complete file in our support center where all this work is processed.

From a legal perspective this system may help keep our E&O premiums down. All files are set up identical and handled identically. The best thing is that a history is kept in the system of who did or sent out what. This goes a long way should you be so unfortunate and get sued!

It also allows us to hire agents who "distance sell". By that I mean agents who work outside the normal marketing area of traditional bricks & mortar offices. It also works well because we belong to nearly every MLS in the State. Agents can telecommute from any county in New Jersey while providing the most effective sales and marketing techniques in the industry.

If you would like to know more about Veltri Realtors or thinking of becoming a professional sales associate please call Al Veltri directly at (732) 600-9904.

If you would like to real our latest newsletter click here.

Internet Leads More Productive at Veltri

Recently I have seen a marked increase in the Internet lead conversion. Two cases in point that happened this week.

Kudos to Lind Romeo from our Howell Marketing Center for converting an Internet lead who was looking to buy in Howell. The prospective buyer made an appointment to come down this weekend to see properties.

Kudos also to Sue Warren of our Adult Community Marketing Center in Leisure Village East. She received an Internet lead this morning and has already had the mother and daughter looking at properties!

Way to go Linda and Susan!

Our website http://www.veltrirealtors.com/ receives neatly 70,000 hits per month and offer buyers to search the MLS remarkably free from pressure!