Difference between revisions of "Omg The Best Real Estate Ever"

Revision as of 03:26, 6 September 2016

Ladies and gentlemen: This is simply not your mother or father's property market! While there are several similarities to past markets, the combination of politics, economics, finance, uncertainty, world affairs/events, interest rates, and insufficient predictability, have formed a somewhat-uneasy alliance, which, when understood and considered, have little ultimate impact, yet, all-too-often, produce a confluence of somewhat undesirable circumstances, which create stumbling blocks, obstacles, and obstructions. Perhaps a lot more than ever, who you choose, and why, to represent your interests, as your Real Estate Professional, includes a major impact, in attaining the most desirable goals. Before you select this interview, carefully consider your objectives and goals, in a realistic, non-emotional manner. Rather than merely saying you intend to get the highest price, or some pie-in-the-sky number, consider, what you could be willing to pay, to purchase your house! Your real estate agent should give you Comparables, or what similar houses, in your market, have recently sold for. This is the best indication of suggested listing prices, but remember that every house is different, and slight differences often overly impact just what a buyer is welling to cover, or if he's even interested. Let's review 5 major considerations in the current market.

1. Period of time interest rates have already been at, or near historic lows: For the last couple of years, interest rates, and thus mortgages, have already been at or near, historic lows. It's permitted people to buy more house for exactly the same monthly payment, yet the uncertainty continues to exist, concerning just how much longer they'll remain so low. Most experts are calling for interest rates to nudge slightly upward within the next month or two, however they issue the caveat, this will depend on the general economic conditions.

2. Historically low ownership rate: As a result of several factors, such as the economy, housing costs (especially using areas), rental availabilities, the required downpayment (which many don't have, or don't desire to commit), and uncertainty, with regards to the economy, jobs, etc, the percentage of individuals owning their very own home is less than it has been in decades.

3. Low inventory: Partly because of the demographics, when it comes to age ranges, etc, and somewhat because many homeowners ask themselves where they are likely to move, as well as many individuals retiring later, we are witnessing, in many regions, a low inventory of homes listed on the market.

4. Willing and able buyers: There look like available buyers, in a few regions, but these individuals, tend to be annoyed by the mixture of low inventory, mortgage and downpayment obstacles, uncertainties, etc.

5. Mortgage qualifications: Banks and mortgage companies are constantly tweaking their requirements for accepting buyers for mortgage consideration. Within the last a long period, to be able to qualify for the lowest available rate, one's credit score must certanly be somewhat higher than in the past, as well as other debt considerations. While this is often overcome, one must find the correct buyer, with sufficient patience, energy and willingness, to overcome potential frustrations, etc.

Understanding the nuances makes one better effective at realistically listing their property for sale. Carefully interview potential property agents, and choose the one who's best for you!

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