Blogging About Loans: If Rip Van Winkle Woke up Today, Would he Buy a Home?

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

If Rip Van Winkle Woke up Today, Would he Buy a Home?

Most of us are familiar with the tale of Rip Van Winkle who falls into a deep sleep after drinking a mysterious brew. Ever wonder what HE might say if he woke up today after a ninety-nine year nap about homeownership? It might go something like this:

What? I can buy a home for 30% less today than if I'd woke up 3 years sooner?

What? Inventory is much, much greater today than it was 3 years ago?

What? I can get these great savings, yet sellers are willing to negotiate with me because they WANT me to buy their home?

What? There are financing options allowing me to borrow, in some cases, 100% of the price of my home vs paying cash for it?

WHAT? The interest rates are witihin 1/8% of the lowest they've been for the past 315 years?

WHAT... YOU HAVE TO BE KIDDING ME???? On top of that, the government is going to give me $8,000 after I buy the home.

WHAT??? As my buyer's agent YOU are going to pay for the gas to drive me around to look at all these houses???

Last question: When can we get started?

(This was my interpretation of a story given to us at an office meeting by Barry Habib yesterday.)

 


Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

   www.ColoradoHomeLender.com

   ruthv@fairwaymc.com  303-881-7849.

 

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Comment balloon 24 commentsRuth Vogt • December 17 2009 01:30PM

Comments

Love this, Ruth.  Very clever. Now find an agent to get the poor guy a home.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) almost 9 years ago

Ruth, that's great. All goes to show you that some people really do need tp wake up!

Posted by Barb Fischer, San Diego and La Mesa Real Estate (Big Block Realty) almost 9 years ago

It is time for all of the Rip's to wake up and start buying especially with all the perks available.

Posted by Larry Gray (Real Estate Consultant) almost 9 years ago

Ruth this is so clever - I reblogged it!  You'd be proud of me.  Still not sure I did it exactly right.  See you tomorrow.

Posted by Connie Smith (The Smith Group, Keller Williams Realty Success) almost 9 years ago

Ruth, this would make a great sales motivation story for sales meetings. It would put a different perspective on things.

Posted by Guy Thomas (WR Starkey Mortgage) almost 9 years ago

What? YOU wrote this great blog? lol Great post Ruth! :)

Posted by Jackie Connelly-Fornuff, "Moving at The Speed of YOU!" (Douglas Elliman Real Estate in Babylon NY) almost 9 years ago

Jane, I'm getting him prequalified now... having a little problem with a recent 2 year credit history. :)

Barb & Larry, I think that is a great "moral of the story"!

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 9 years ago

CONNIE! YES! YES! I AM PROUD OF YOU! I'll brag about you at the class tomorrow!

Guy, you are SO right. A great reality check for today.

Jackie, LOL! HEY... maybe YOU could reblog ME, for a change! ha!

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 9 years ago

Great interpretation of life today in the world of Real estate!

I'm marking this as a featured blog post!

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) almost 9 years ago

LOL Ruth.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) almost 9 years ago

Clean him up before he meets the lender. 99 years without a bath or a shave....

Posted by Rebecca Fisher almost 9 years ago

Hahaha - I was thinking the same as Rebecca.  Get Rip a shower and big cup of coffee and get him to a lender. Then it's  

WHAT?  I have to be employed. WHAT? I need a credit score? WHAT? I have to pay half my income to taxes before I get that $8,000?  If everyone who WANTS to buy a house was just squeezed into SOME loan ... oh wait, we already tried that.

But seriously, I keep reading about agents having these debates with buyers who are choosing to wait. Really? That would be frustrating. The only non-buying people I meet either can't qualify or already have a home.

Posted by Joetta Fort, Independent Broker, Homes Denver to Boulder (The DiGiorgio Group) almost 9 years ago

I hope Rip already owned some properties before the big sleep.  What a move-up opportunity he would have!  What?  I only paid $8,000 for my house in 1909, and now I can sell it for $900,000?

Posted by Bob Willis, Orange County & L.A. County Real Estate Agent (Berkshire Hathaway HomeServices California Properties) almost 9 years ago

Very good points.  However, many people are choosing to go back to sleep waiting for it to get better.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) almost 9 years ago

Looks like he likes the great outdoors, probably a land buyer.

Posted by Dan O'Neill (WR Starkey Mortgage) almost 9 years ago

Ruth,  Excellent post.  Love the creativity.

Posted by Jon Sigler, South Windsor Homes for Sale 860-306-8029 (Keller Williams - Greater Hartford) almost 9 years ago

Evening Ruth,  I have a buyer who may also have had a sip the that brew !   LOL   Hope your Holiday Season is the best ever !

Posted by Bill Gillhespy, Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) almost 9 years ago

I don't know... Did Rip find a job yet. (LOL, just kidding) Great creative post!

Posted by Dianne Hicks (Realty ONE Group) almost 9 years ago

What??!! You haven't bought a home yet?

lol, nice post!

Posted by Vanessa Stalets, REALTOR, Brentwood TN Homes, Real Estate (RE/MAX Elite) almost 9 years ago

Cute Ruth, go get some gas & take em out!

Posted by Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) almost 9 years ago
Ruth, life and real estate is cyclical and depending when Rip awakens different things will surprise him. Great thoughts on the current situation.
Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) almost 9 years ago

Get the ink ready for the thumb print!

Posted by Dolores "Dee" Mauriello, Realtor, Homes For Sale Wayne NJ (Weichert Realtors) almost 9 years ago

Thanks, Craig, I appreciate the flag for the feature!

Rebecca and Joetta, sounds like a sequel is possible here??? ha!

Bob! That's a very interesting thought, isn't it???

Gene, I fear the title for that soon to be blog, might be "could-a, should-a, didn't"!!

Thanks, Jon, and thanks for stopping by.

 

 

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 9 years ago

Bill, I fear we all know one or two of those buyers. Unfortunately. And a happy holiday season to you, too.

Dianne, no job and no FICO scores. uh-oh!

Appreciate you stopping by, Vanessa.   :)

Lyn, I'd get lost...which is why I became a lender and not a Realtor. ha-ha.

Gary, how true! Tomorrow's story could most likely be quite different.

Dolores, Do they even accept an "X" anymore???

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) almost 9 years ago

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