Image by innoxiuss via Flickr
Brace yourselves. Its going to storm!!! Weather reports have been reminding us about this weeks stormy weather. Mother nature will prevail, and we can’t hide or fight with mother nature. So we better get our rain gear ready and drive extra careful. The storm will hit this week.
As for another storm, the real estate market is changing and we better brace ourselves and get prepared if we want to survive and succeed. The loan process is changing and becoming very strict. Gone are the days of easy qualifying. Buyers/owners will have to “jump through hoops” to buy a house or to refinance. So be ready and get prepared so you don’t “blow” away your opportunities in the realm of real estate.
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.
