You had some great thoughts, too!

Thanks for the link to my article! I agree with you, fear of loss is a huge motivator (de-motivator?) for a lot of people. How ironic that buyers make offers without financing, inspections, offer over full price, and include their first born when the market is going up. Fear of loss, fear of paying more for a home later, controls that situation. Buyers think you’ve got to get in before it’s too late and you lose.

Now in a buyers market, buyers are worried they will lose on their investment. With prices down, will they go down further? No one knows for sure. I have said the very same thing in a post last fall, no one knows when the bottom hits, until after things are on the way up. So in this buyers market, there’s a lot going for buyers these days with interest rates, lots of choices, opportunities to hit hard with negotiation. If someone chooses to buy, do not plan to sell for at least 3-5 years. Don’t even think about selling in the near term if you are a buyer new to the market.