A Real Estate Agents prospective client said he was not ready to buy right
now...    Is this you?
Provided by Jeff Sislow (Minneapolis) & John Riggins (Hawaii)

Aloha David, 
Thank you for your email. 
You did not mention why you are not in a position to buy at this time. Would you tell me why? 
If it's because you don't think you can afford to buy now, I must advise you that it's less expensive to buy today than it was  3 years ago. Home prices have gone through a market correction after the highs of 2005. Interest rates are at 44 year lows. This past week the 30 year fixed mortgage interest rates ranged between 4.75% and 5.25%. And thirdly, there is an excellent selection which gives you more choices of properties available. 

 There is an old saying, "buy when everyone is selling and sell when everyone is buying." This could not be more true than today.  If it's the news media and what it is saying that is keeping you from buying, when was the last time you saw a reporter who was rich? 

 The following are just a few of the many quotes from the news media over the years: 
 
"The prices of houses seem to have reached a plateau, and  there is reasonable expectancy that prices will decline." -Time  Magazine, 1947. 
 
" Houses cost too much for the mass market. Today's average  prices is around $8,000-out of the reach for two-thirds of all  buyers."-Science Digest, 1948. 
 
"The goal of owning a home seems to be getting beyond the  reach of more and more Americans. The typical new house today costs  about $28,000."-Business Week, 1969. 
 
"You might well be suspicious of 'common wisdom' that tells  you, 'Don't wait, buy now'...continuing inflation will force home  prices and rents higher and higher."-NEA Journal, 1970. 
 
"The median price of a home today is approaching  $50,000...Housing experts predict price rises in the future won't be  that great."-Nations Business, 1977. 
 
"The era of easy profits in real estate may be drawing to a  close."-Money Magazine, 981. 
 
"The golden-age of risk-free run-ups in home prices is gone."  -Money Magazine, 1985. 
 
"Most economists agree...{a home} will become little more than  a roof and a tax eduction, certainly not the lucrative investment it  was through much of the 1980's."-Money Magazine, 1986. 
 
Financial planners agree that houses will continue to be a  poor investment."-Kipplinger's Personal Financial Magazine, 1993. 
 
"A home is where the bad investment is." -San Francisco  Examiner, 1996. 
 
"Home prices experience historic drop."-CNN Money.com, 2007. 

 Each and every negative prediction by the Media was  short-lived. At the time such predictions were made it appeared real  estate would never go up again in value-similar to the way it feels  for many now. The good news is found below. This time is no  different than times past! 
 
If you want to be independently wealthy, you have to do what  the rich do. 
 
"There is an excellent selection of properties in a down market...You can deal with sellers...There is a window of opportunity  only for a limited period of time...The market always comes back and I  have made tons of money from buying in down arkets..."Donald Trump,  2008. 
 
FACT: National real estate values have appreciated. 
* 88% since 1996 
* 340% since 1977 
* 685% since 1969 
* 2650% since 1948 
 
More wealth has been made through real estate than any  other investment. There are significant tax advantages to buying  real estate vs other investments. Besides owning your own home and  the pride of ownership, you can greatly reduce your tax burden by 
writing off the interest and real property taxes from your income.  When become a landlord, you can write off the interest, real property  taxes, depreciation, maintenance fees, repairs and management fees  from your income while having the tenant pay off your mortgage. 
 
Appreciation is significant. Over the past 40 years, Oahu  residential real estate has appreciated an average of 6.5 percent per  year. Based upon past history, it's anticipated that a property  purchased for $200,000 would appreciate to over $1 million in 30 
years, be debt free and produce a significant retirement income (Ask  to see my Wealth Accumulation Chart). 
 
*NOW is the best time to BUY! 
 
INVEST TODAY--RETIRE TOMORROW 
 
Having worked daily in residential sales for the past 31  years, I am an expert at creativity finding ways to finance real  estate. You do not want to miss this window of opportunity to buy  real estate. You do not want to have regrets down the road. If you  are sincerely interested in accumulating wealth, give me a call at  808.674.1111 or cell: 808.371.3930. 
Best wishes, 
John 

John Riggins
REALTOR ABR CRB CRS ePRO SRES TRC

John Riggins Real Estate
91-210 Oaniani Place
Kapolei, HI 96707