INTEREST RATES???

Interest rate vs money balance
Image by RambergMediaImages via Flickr

What next???  The interest rates are going to go up starting in March.  What else is going to happen to our real estate market?  The buyers? The sellers? 

We can never really predict what the market will do to our buying power.  We can only plan the best we can and jump through the hurdles put in front of us. 

I cannot express how important it is to line up all your “ducks” and ready them for when that right house comes, you are then in position to GO FOR IT.

With all the new legislations, rules and guidelines, buyers have to be better prepared before entering into this major purchase.  Buyers don’t have the time and money to waste.  TIME IS MONEY…in every meaning of the phrase.

Follow the ABC’s of buying and selling real estate and listen to your agent.

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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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