Fraud Deceptions And Downright Lies About Real Estate Exposed

Ladies and gentlemen: This is not your mother or father's property market! While there are a few similarities to past markets, the mix of politics, economics, finance, uncertainty, world affairs/events, interest rates, and lack of 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 more than ever, who you select, and why, to represent your interests, as your Real Estate Professional, includes a major impact, in reaching the most desirable goals. Before you decide on this interview, carefully consider your objectives and goals, in a sensible, non-emotional manner. As opposed to merely saying you want to get the greatest price, or some pie-in-the-sky number, think about, what you may be willing to pay for, to buy your property! Your realtor should provide you with Comparables, or what similar houses, in your market, have recently sold for. This is the better indication of suggested listing prices, but remember that each house is different, and slight differences often overly impact just what a buyer is welling to pay for, or if he is even interested. Let's review 5 major considerations in the current market.

1. Time period interest rates have already been at, or near historic lows: For the last couple of years, interest rates, and thus mortgages, have been at or near, historic lows. It has permitted people to buy more house for the same monthly payment, the uncertainty continues to exist, regarding just how much longer they'll remain so low. Most experts are calling for interest rates to nudge slightly upward next few months, but they issue the caveat, this will depend on the overall economic conditions.

2. Historically low ownership rate: Due to several factors, including the economy, housing costs (especially in certain areas), rental availabilities, the necessary downpayment (which many don't have, or don't desire to commit), and uncertainty, in terms of the economy, jobs, etc, the percentage of people owning their very own home is less than it has been doing decades.

3. Low inventory: Partly because of the demographics, in terms of age groups, etc, and somewhat because many homeowners ask themselves where they are going to move, as well as many individuals retiring later, we are witnessing, in lots of 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 frustrated by the combination 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. In the last several years, in order to qualify for the cheapest available rate, one's credit score must be somewhat higher than previously, along with other debt considerations. While this is often overcome, one must find the appropriate 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 real-estate agents, and choose usually the one who's best for you!

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