"Waiting for Godot" - Not a good buyer strategy

July 26, 2007

"Waiting for Godot" is a 2 act play by Samuel Beckett. It involves 3 characters who are awaiting the arrival of an individual by the name of Godot. Godot never arrives.

It seems that many buyers have decided to wait for Godot. They want to wait until the prices on homes have "bottomed out". Perhaps, like the 3 characters in the play, they will miss opportunities. I know that my husband and I did when we were looking for our first home. We were convinced that the sellers would not get the prices they were asking and if we waited, they would reduce their prices and we could buy the house we wanted. Didn't happen. We lost the opportunity to purchase a great house.

Will prices drop? I don't know. What I do see in the present real estate market is sellers willing to do serious negotiations with qualified buyers.

If you want to purchase a house, either your first home or a "move-up" or "move down" home, identify your wants and needs and take action. Choose a lender, choose a real estate agent and begin the search. Action is a much better strategy than waiting.