INTEREST RATES???

Interest rate vs money balance
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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.

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To Buy or Not to Buy…That is the question???

Here is an article that may be a spark to prospective home buyers…
Cheaper to buy than rent in 78% of major cities

Trulia: Dropping prices and rising rents boost affordability

By Inman News, Thursday, April 28, 2011.Inman News™

It is cheaper to buy a home than to rent one in 39 of the nation’s 50 largest cities, according to a quarterly report released today by real estate search and marketing site Trulia.

Trulia’s rent vs. buy index compared the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of April 1, 2011, in the 50 most populous cities in the U.S. While 72 percent of the cities favored buying in the previous quarter’s report, 78 percent favored buying in this latest report.

“With home prices nearing a double dip and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying,” said Ken Shuman, Trulia’s spokesperson, in a statement.

“As we head into the summer buying season, those looking to buy a home should be encouraged by improvements in the market and feel optimistic about their chances of finding an affordable home — much more so than in previous years.”

So you have it, another sign that the market is favorable or looking more favorable to the buying market.  Good luck and Go Do It !!!

A New Resolution??

New Year's Resolution - Day 1
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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!!

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!!!

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Defeated again?

ARLINGTON, TX - JULY 19:  Forward Alexander Al...

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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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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Short Sales or not??

short sale
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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.

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It’s Opportunity

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.

Changes soon

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.

Biggest loser?

Goal Setting
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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.

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