Jana Lee's Millbrae Real Estate Blog

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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.

Happy New Year!!!  

Have you ever made a new year resolution?  I have and every year it gets more and more attainable.  Whether it be losing 5 more pounds, to finishing a project, or getting that investment, resolutions are made because those are goals we want to achieve.

So, for those of you who want to have a  real estate investments as a new years resolution, start tightening your boot straps, gather the paperwork and let’s go.  The interest rates are still at an all time low so, what’s the hesitation?  If fear of the unknown is the factor, then we need to discuss what is really your goal. 

Best wishes for a wonderful and very Happy and healthy New Year.

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Wake up everyone!!!  In this buyer’s real estate market, why are buyers still sitting on the fence?  The interest rates are at the all time low and what are you waiting for???

Haven’t you ever felt that you always seem to “miss the train?”  I hate to break it to you, but if you don’t grab your luggage’s and paperwork, you will miss it again.  Buying a house is here for the taking.  Of course, it won’t fall in your lap.  There are preparations needed.  All I’m saying is, what more do you want to happen.  If you have the nest egg, financial stability, family support, perseverance,  etc… then let’s make the move.  There will always be an excuse if you are not really ready to make the purchase.  But if you are ready and excuses are flushed away, then GO DO IT!!!

This market can really wear you down.  I know because it wears me down as well.  In the world of real estate, you must be persistant and know how to play the game.  I am with a client for about a year now and we have made multiple and numerous offers.  I am actually amazed at how my client is still willing to go for it.  The same goes for me.  I have to find that extra energy and positive outlook to keep plowing through the hard times (now). 

Don’t give up!!!

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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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This is the most exhausting time to buy real estate.  Perseverence will pay off if you are not in a hurry.  This process can last 6 months, give or take a day or two.  You have to be ready to play the waiting game on offers submitted, be resilllient to withstand the rejected ones and energetic enough to forge forwrd onto to many offers.  If you think you have the mind and body to do this, then the answer is YES to the short sale world.

Just remember that this is a slow and long process.  However, if you are one of the fortunate ones to land one and get your offer accepted, it can be all worth it.

The market here in SF and the surrounding Penninsula areas are still going like hot cakes.  The real estate inventory is still here and ready for investors. Interest rates are slowly creeping up and I have been hearing that guidelines are going to get even more stricter in April.  Typically this time of year, real estate starts to ready itself for the booming summer months.  I can see this happening already.

Fortunately, we live in an area where housing is still blossoming.  So opportunity is knocking for those of you still wanting to invest in real estate.

Seems like a target goal for buyers “on the fence” would be April of this year.  The interest rates will rise to around 6%.  Loan requirements are going to be even more stricter also. 

Take advantage of how the market is now and get things ready for your  real estate investing.  Guidelines are becoming a nightmare for some buyers and it is going to get harder. 

Suggestion…if you are really motivated to finding a home, DO IT! and good luck.

Heck No!  I refuse to be the biggest loser. However, when I watched that show yesterday, I was re-inspired to re-focus on my goals. So many times I just let things slide by and make excuses.  Well, 2010 is going to be challenging and I will succeed.

What I mean  by challenging is the fact that I have clients just sitting on the fence and not motivated to make a commitment to do what is needed to be done to achieve THEIR GOALS. 

Don’t let others dictate your future. I will always remember what my dad said to me…If you want things done right, do it yourself!!!  That has been my motto from years back and will always be my motto. Real estate ownership will not just fall on your lap, if you want it, DO IT!  

So let’s go and keep the goals in tact.