A simple formula for success in Real Estate: A deep understanding of the market, including the trends and available inventory, applied to a deep understanding of your client’s needs. The first part of the approach above is not that difficult. Any good researcher who spends the time reviewing inventory and activity is able to develop […]
Buyer Closes – Housing Affordability Never Better (Joe’s Buyer Top Choices)
The National Association of Realtors has been tracking housing affordability for over 20 years. They consider three criteria in their affordability assessment: Income of the average American, the average price of a home in the U.S., the average 30-year fixed mortgage interest rate. As you can see from the chart below, the affordability for the […]
Buyer Consideration: It’s Okay Too Much
There has been a huge Paradigm shift in the real estate market. After years of home buyers sitting in the driver’s seat, calling all the shots regarding price and terms of negotiations, the advantage has officially shifted to home sellers. For many months now, there has been ample evidence that the best buyer’s market in […]
Seller Considerations: Selling Then Buying? Maybe You Should Wait
Most homeowners that are selling a home are doing so to purchase another home. If you’re planning on purchasing another home after you sell, it’s important to know if you should sell now or wait until later. Answer the following questions before you decide: Am I going to sell and buy a more expensive home? […]
Buyer Considerations: Buy a Home Site, Build a Fortune
If you’re thinking about buying a home for personal use or as an investment but you can’t afford the required down payment, there’s a jewel of an opportunity that most people aren’t even aware of. Let’s say you want to purchase a home for $150,000, but your lender is requiring 20% down or $30,000. You’ve […]
Buyer Considerations: Turn $20,000 Into Over $400,000
When compared to other investments, why is real estate one of the best investments a person can make? It’s tangible, it offers immediate returns if rented, you have local knowledge of the market, and best of all it can be leveraged with a mortgage. Let’s walk through the steps and see what the upside potential […]
Buyer Considerations: Invest Like The Private Equity
The greatest challenge facing small investors and Americans planning for retirement is figuring out how to get a good return from a safe investment. It’s interesting to note that the current housing recovery is not being driven by an increase in demand from buyers looking for a place to live. This time, the housing recovery […]
Buyer Considerations: Invest Like the Private Equity
I Really Can Afford This House
In today’s market, many perspective buyers make the common mistake of putting a cap on the amount of money they want to spend for a house without realizing how poorly they’re prioritizing what’s important in life. Let’s look at an example of how this can happen: A couple decides their going to buy a […]
Buyer Considerations: Put the Ball Back in the Buyer’s Court
How often have you come across a perspective buyer requesting the impossible? This can be a million dollar bay front property for a fraction of the price or a buyer with a large dog demanding the perfect condominium. Working with difficult buyers that have unrealistic expectations is always frustrating. It can be even more frustration […]