Too Much Information

Posted at 6:07 AM, May. 14, 2008

This market has been crazy to say the least.  One thing is for sure, Buyers have way too much to choose from in many instances.  Why is this a problem?  Information overload.

In past markets, Buyers would have 20 or so homes to pick from on a average.  Enough to see what works for them, but not too much to cause confusion.  Not today.  I have literally shown 50 or so homes to the same Buyer and all feel that they need to see yet one more.  Why?  Too many choices.  It absolutely paralyizes the mind when your perameters open up and suddenly, the housing market is an endless supply of candy. I find today's Buyer, thought better educated and ready to hit the ground running, is still subject to commitment phobia and unwilling to take the initiative on a property they already love.  As with anything in life, nothing and no one is perfect.

Tid bit for those of you out there riding the fence.  The market is changing.  Get off your tuff and make a step forward.  This kind of purchasing oportunity (for those who qualify) will not last for long.  Isn't it better to buy a home that fits you nicely than wait to find that "perfect" home and some imaginary perfect price? If you continue to procrastinate,  forever will you rent.