From Jan to Aug of 2012, 988 people in Clearwater FL not only trusted their real estate consultant but actually sold a single family home. Now you need to add 988 buyers and you have 1,976 buyers and sellers who trusted their real estate professional and realized their goal.
Those potential home buyers incapable of trust stood by watching as PK investments purchased over 800 homes directly from Fannie May and plan to purchase 600 more.
If you are a real buyer or seller you will work with a consultant or watch as others are achieving their purchasing goals. At this time, it should be understood, those who are hesitating will have the decision made for them. Gigantic investment companies such as Blackstone and PK will purchase the sitting inventory, and the fence sitters, the skeptics, those incapable of trust, will find themselves continuing to rent. (your question was posted in the Foreclosure category, so this may be relevant to you.)
There is nothing wrong with the TRUST and VERIFY strategy. The not trust and do nothing strategy accomplishes little and keep one locked in homeostasis.
Final thought, a ship wreck is easier to avoid than to fix. It is however, great to have choices. Some of the elements of anarchy pop up here on Trulia asking, "How do I make an offer on a foreclosed home?" The are steering straight for the rocks and when they wreck they will be back on Trulia looking for somebody to blame. Such an innocent four letter word that reaches to the very core of the individual.... more
Depends on your personal situation. Sounds like you can afford options. You're lucky, most folks don't have that luxury. You may just want to rent it if you can generate enough revenue to offset your nut. In fact if you can afford it there's nothing wrong with a rental property. It will eventually increase in value if it's in a geographically and economically desirable area.... more