Real Estate Information

Tips in today's Real Estate Market...

1. Where is your money going?...Track your spending over the next 3 months see where your money is going. Can you afford a 3,000 month mortgage or can you only afford a 2,000 month mortgage.

2. Do your Homework...Call around many mortgages still have bells and whistles attached to them, so it is important for borrowers to know what those provisions are and what they require. When it’s time to visit a lender, make sure that you speak freely and honestly and ask questions.

3. Think like an Investor..... Thinking long-term involves a mindset that looks past current trends and fads.

4. Do your Research....Internet! According to the National Association of Realtors, 74 percent of prospective buyers who drove by a home for sale first saw the property online. When posting your property, make sure that your listing has plenty of pictures and that those photos are well staged. Virtual tours are always a plus for potential buyers.

5. Be honest with yourself...If you’ve bought your property in the past couple of years, then you’ll have to come to terms with not recovering your money if you’re selling today. That’s the reality of the current market. Buyers today can capitalize on this market for these reasons.

6. Don’t be afraid to ask...Making a low offer? Pay attention to the history of the home, How many days on the market? Is it a short sale? Has it been re-listed? The worse thing that could happen is they counter or say no and then you move on.