Sep 272012

I’m tired of being surveyed. I suspect a lot of people are already tired of hearing about the election–that’s unfortunate because we do, in fact, have some important choices to make.

One choice that’s been impacted by the pending election is whether or not to buy a home! According to Real Estate Economy Watch, some 25% of Americans would like to know who the next president will be before they put their money down to buy a house.

I do not think that means the real estate market will dramatically improve immediately following the election. In working with buyers, I’ve learned that there are always “good” reasons to delay buying a home. The question is whether or not those “good” reasons to delay outweigh the good reasons to do something now. After the election, many of those buyers will find a different reason to delay a decision.

Should you buy or wait? There is not one answer to that question. While there are certainly some factors (like low mortgage interest rates) implying a home purchase now is a good decision, the answer needs to be specific to your circumstances. You won’t hear me shouting “It’s a great time to buy!” You also won’t hear me shouting “It’s a great time to delay!” If anything, it’s a great time to give thoughtful consideration to your individual situation.

Partly because of the technology explosion, we are prone to remain uncertain in the hope (or fear) that new information is on the way. While that has validity, we ought to balance that hesitation with the knowledge that many times it’s less about making the right decision and more about making a decision, then making the decision right by adapting and adjusting.

In election terms, it’s the “undecideds” that give the candidates fits… and I find it somewhat amazing there are still a number of people who haven’t decided who they will vote for… I’m told some do not until they enter the voting booth. Given the stark differences in the presidential race, a decision shouldn’t be that difficult. It’s a matter of looking at fundamental differences between the candidates and the “big picture.” There’s not much to gain by waiting to discover one more thing you do or do not like about the candidates.

The same logic applies to the home buying decision.



Rick Foster Ends Another Show!

 Posted by at 7:59 am
Sep 022012

Many folks in this area who are in the business of real estate recognize Rick Foster’s name–for a number of years he taught real estate courses in Ellsworth and Bangor with skill and wit! Rick retired from teaching a few years ago and he’s greatly missed not only for his great humor, but also for his down-to-earth teaching style. I’ve always valued the opportunity I have had to be both his student and colleague.

While it might be an understatement to point out that Rick is almost always just a “little bit different,” he’s proved that by announcing a second retirement.  After fifty years in broadcasting, he’s hanging up his headphones and will no longer be the “Godfather of the Golden Oldie” at WDEA in Ellsworth. (I’m quite sure he’d have a snappy retort if I called him a Golden Oldie.)

One Sunday afternoon shortly after he retired I was teaching an Associate Broker Class in Bangor and received a message from Rick. “Rick wants you to know he is sitting at home in his pajamas, eating ice cream and watching football. What are YOU doing?”

I’m not sure if this retirement means more ice cream and football for him, but I do wish Rick the best because he is one of the best!

For the story check out the Fenceviewer Website. The article includes a photo and Rick’s reminder that he has a face for radio.