OMG!!!! Stocks or Real estate???

NEW YORK - NOVEMBER 18:  Traders on the New Yo...
NEW YORK - NOVEMBER 18: Traders on the New York Stock Exchange crowd around the General Motors (GM) trading post on the floor of the New York Stock Exchange (NYSE) as GM returns to the US stock market on November 18, 2010 in New York City. Following GM CEO Dan Akerson�s ringing of the opening bell, GM share were opening 7 percent higher than their offer price. The surge in GM shares resulted in US stocks rising more than 1 percent overall. After a $50bn government bailout of GM 16 months ago, the iconic American auto company is set to become the largest global IPO in US financial history. (Image credit: Getty Images via @daylife)

This is so embaressing but yet I feel the need to share my ignorance.

Were you one of us who bought into the hype of the Facebook stock??? Did people tell you not to but you did anyway???

I DID!!! Stupid Me!!!  I should have listened to the people that have had experience in this type of market and investment.  I did ask for advice but I was too impulsive and impatient,  did not wait for their experienced opinions.  Now I am sitting on stock that has lost money the same day my order was “filled”.

Don’t let this happen to you.  Trust your agent.  Trust their advice.  Do not be impulsive and think you know better.  You need to really be on the same page of the agent and trust in their capable hands.  If they are telling you to get pre-approved before searching for houses?  Get pre-approved.  Trust their suggestions.  They are there to represent and help you.  Ask for the agents’ past referrals if you need more confidence in your agent.

The right agents makes the difference.

 

 

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Obey the rules!!

Stop lights
Image by Teckie Kev via Flickr

Running the red light is a very painful and expensive experience.  I know because I have just received that picture of myself running the red light along with the traffic citation.  So not only do I now have to deal with the anxiety of getting the actual ticket in 3-4 weeks, arrange for traffic court and/or arrange for traffic school, go in front of the judge if I should desire to try to knock down the fine, but I am stuck with the heavy penalty of paying it off along with the traffic school fee to keep the “ding” off my driving record.

This is very similar to what some clients go through because they feel they know more than their agent.  As a realtor, I have the experience that should be trusted by the client as to what the procedures are for different types of real estate sales.  I advise my clients as best I can in order to get that investment property he/she wants.I give them advice on what is needed to be done,  do things  in the order necessary to expedite the experience. I also prepare them for what may or may not happen.  In doing so, as the agent and client, we need to work together and obey the rules set down by the real estate market, lenders, and other buyers and sellers.

Trust your agent and take their advice if you really want to succeed in this market.

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Feeling beaten up?

My clients are feeling beaten up in this market and I can’t blame them.  I am feeling run down too.  It’s tough out there.  There are few available houses in Millbrae, Burlingame and the surrounding areas on our peninsula worth buying and those that are available are having “bid wars”.  But the silver lining hopefully is that soon, hopefully, there will be more inventory.  We all have to know the game and play it well.  Gone are the days of underbidding.  Buyers have to know that with short sales, the wait is long.  With regular sales, the sale goes fast.  Buyers have to know what they are up against and proceed accordingly.  Get pre-approved, decide on what you want, willing to settle for and  trust your agent.  Be prepared to jump when the agent says “jump”.  You don’t have to say  “how high”.  Just be ready to do what needs to be done to get the house – have your documentation ready, pre-approvals, inspectors picked out, monies lined up, etc.  Mostly, hang in there and keep going forward.  Don’t stop and perseverance will prevail.