A Logical Guess: 3 Ways, Politics, May Influence Real Estate, In The Near – Term

One of the greatest, unknowns, throughout recent history, is being able to predict, and/ or determine, whether we will experience a buyers, sellers, and/ or, neutral real estate market, and, accurately, predicting, the anticipated duration! There are many factors, scenarios, perceptions, economic (local, regional, national, and international) occurrences, etc, which impact, real estate’s performance, and, thus, its pricing trends. One of these factors, which is often ignored (and/ or, taken for – granted), is politics. Regardless of one’s personal, political preferences, and/ or, perceptions, focuses, beliefs, etc, there should be very little doubt, today’s politics, will, almost always, have some sort of effect, on how real estate performs, etc. With that in mind, this article will attempt to consider, examine, review, and discuss, 3 ways, present – day politics, impacts the near – term performance of real estate.

1. Interest rates; mortgage rates: Interest rates, generally, fluctuate, over – time! Many, historically, have, either, benefited, or lost, based on their ability to factor these in, and predict the tendencies. When the Federal Reserve, decides to keep interest rates down, either, for policy, and/ or, political reasons, mortgage rates are low. This translates to, considerably lower monthly carrying costs, which, means buyers/ homeowners, are able to afford, more house, for their dollars! When this occurs, generally, we witness rising prices. On the converse, higher interest rates, means it becomes more expensive to afford a house, at a particular/ specific price. These trends, are, nearly always, a major factor, in terms of, whether we witness a buyers, sellers, or neutral housing market.

2. Foreign policy; tariffs: World economic conditions, also, are a significant factor, in the short – term, real estate market. Recently, President Trump’s reliance on tariffs, as a significant component of his foreign policy, has translated to, higher costs of certain materials, such as lumber, steel, etc. In addition, foreign policy, may have a significant impact on consumer confidence, employment, etc.

3. Is a recession looming? Will the current 10 year record, of having no recession, continue?: No one can, absolutely, predict, whether we will experience a recessions! We are currently experiencing, a record, ten – years, without a recession! Many economists have predicted one, within the next twelve, to eighteen months, and, how this might affect, potential buyers, and sellers, perceptions, and behaviors, might have a significant impact on the overall real estate market.

One’s use of real estate differs, and, thus, how certain factors, influence the markets, varies. It is, often, wise, to look at the longer – term, for residential housing needs, However, when one invests in real estate, the rates of return, are heavily influenced by many factors, including the ones, mentioned, above!

8 Important Ways Homeowners Benefit From Using Real Estate Agents

Whether, you are a homeowner, who has decided, it’s time to sell his house, and relocate, or a potential buyer, seeking for the so – called, home of your dreams (the American Dream of home ownership), you will have the choice, of either, doing so, on your own, or using the services of, and being represented by a quality, experienced, professional, real estate agent. Some believe they will get a better deal, when they do so, on their own, because, there will be no, or fewer commissions. However, according to the National Association of Realtors, or NAR, homeowners, generally, net more, even after considering these, than those who do so, alone. Buyers also benefit because the right agent, has the local knowledge, to properly provide you, with relevant, professionally prepared, Competitive Market Analysis (or CMA), so you have a better idea of market value and the competition. With that in mind, this article will attempt to briefly, examine, review, consider, and discuss, 8 important reasons, homeowners benefit from using the right real estate agents, for their specific needs, and situation.

1. Local knowledge: Although markets, and times, change, in the vast number of circumstances, you will get your best offers, in the first few weeks, after it’s listed on the market. Therefore, pricing it right, from the start, often makes the difference, in a significant, major way!

2. Marketing expertise: The right agent, will create a customized, personal marketing plan, which addresses your specific residence and property, location, etc, as well as your priorities, needs, etc. There is no, one – size – fits – all, marketing process, so using a quality real estate professional, often makes a significant difference.

3. Agent’s network: Those who try to sell their house, on their own, often discover, they fail to attract as many potential buyers, as those using a professional. This is referred to, as an agent’s network, which includes the important tool, of listing the property, on the Multiple Listing Service, etc.

4. Hold client’s hand: The process of selling one’s house, is often, a stressful one, so using a professional, who has been through it before, and has a better idea of what to expect and anticipation, eases many of these stresses. Seek someone who patiently, is willing to, hold your hand, through the entire process.

5. Explanations/ expectations/ modifications: Rather than assuming or guessing, wouldn’t it help, to have clear explanations? Many homeowners have excessive or wrong expectations, and the individual, who represents you, must have the inner strength, to explain fully, his reasoning, and strategies. In addition, modifications, in terms of marketing, strategies, and pricing, are necessary, and someone with more experience and expertise, is far better positioned to guide you properly.

6. Convenience: Do you want to have to stick around the house, to show, the property, or wouldn’t it make sense, to hire someone, to do so, professionally? Open – houses, are only a small component in the overall strategy!

7. Negotiating: Professionally negotiating, on your behalf, benefits the client! Wouldn’t a professional, do a better job, in most cases?

8. From transaction stage, through closing: Hire someone who will be there for you, from the initial listing stages, showings, marketing, service, to the transaction stage, and then, until the closing, and house transfer is completed!

These are only 8 of the advantages of hiring the right person to represent your real estate needs. Focus on your needs, interview several, and choose, the right agent, for you!

5 Ways, Real Estate Agents Teach Clients, What They Need To Hear

The difference between the finest real estate agents, and the rest – of – the – pack, is, often, the lesser ones, are content to remain within the restrictions and restraints of their personally, created, comfort zone, while the best ones, often, realize, it is, their duty and responsibility, to, tell their clients, what the need to know, not just what they want to hear (TM). This service – marked slogan, identifies, the epitome of responsible, responsive, realistic, representation, in order, to seek a real estate transaction period, which minimizes clients’ stress and tension, and prepares them, for the realities, potential challenges, strategies, etc. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 ways, the most desirable, real estate agents, teach their clients, what they should better understand, and realize.

1. Thorough initial interview/ discussion: When someone, initially interviews potential agents, it’s important to ensure, you take full advantage of this, to discover, who might be, best for you! Since, for most of us, the financial value of our house, is our single – biggest financial asset, doesn’t it make sense, to wisely proceed, to achieve, the finest, bang – for – the – buck? Listen carefully to this discussion, and consider, whether, an individual, explains thoroughly, his strategy, plans, marketing system, and reasoning, and how it will benefit you! It is essential for client and agent, to proceed, on the same – page!

2. Genuine empathy: During this initial interview, does the individual, effectively listen, and learn, and proceed with genuine empathy, in order to minimize potential stress, and produce the finest possible results!

3. Regular discussions/ re – evaluations: Inquire, how often, someone will discuss, with you, the results, to – date, and, what this, will entail! You are best – served, when there are regular discussions, regarding consumer/ qualified, potential buyers, marketing strategies, and pricing. When is a price adjustment, a desirable strategy?

4. Strong representation: Will they offer you, professional, well – considered, strong representation? How will they negotiate, in your best – interests? Will they explain options and alternatives, and why, a specific strategy, is being recommended? Do they make you feel more confident, in their suggestions, and professionalism?

5. Explain benefits, not just features: Don’t accept, being told, merely, some of the services, and features, they offer you, unless/ until, this is done, with an emphasis on the true benefits, and, why, they offer, something, somewhat, unique, and to your advantage!

It’s wise to consider these 5 factors, before choosing, your real estate agent. Will you proceed, with your eyes, wide – open?

5 Ways To Fund A Real Estate Purchase

Whether, one is purchasing, his first home, or has done so before, if it is for his primary residence, or investment purposes, or, for a second/ vacation – home, one reality is the common bond! In order to buy real estate, you have to come up, with the necessary funds, either through, one way, or a combination of approaches, in order, to close – the – deal. There are several options, and, some depend, on your personal credit, the type of property, etc, so, with that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 ways, to fund ant real estate purchase.

1. Personal funds: Some people, either, have accumulated funds, by selling another house, investments, personal business earnings, etc, and, use these, to pay cash for the property, they plan, to purchase. Some home sellers seek these times of buyers, because, they often, proceed, with fewer hassles, and other delays, which might occur, when there is a mortgage, involved.

2. Family and friends: Often, especially, for first – time homeowners, financing a house, and, thus, owning a home, of one’s own, is challenging, because most mortgages require a 20% down – payment, and, with the ever – increasing price of real estate, in many regions, is difficult! Therefore, many seek, alternative approaches. One, which is usually, the first, for many, is asking for monies, from one’s family, and/ or, friends. Often, a young couple, turns to either, one, or both sets of parents, for help. At other times, we see close friends, willing, to assist, in creating, creative financing.

3. Seller – financed: Although it happens more often, in commercial property, or in sales of professional practices (medical, dental, legal), we often witness seller – financing, used, to make a deal, work! Simply, stated, this is when, the existing owner, agrees to, hold the paper, in order to create a deal, and help it, get done!

4. Conventional mortgage: A conventional mortgage is acquired, usually, from, either, a mortgage banker, or broker. This is the most common/ typical way, people buy their personal homes. Usually, someone puts down a down – payment, and finances the balance. A conventional loan is usually, for a term, ranging from about 15, to 40 years, and the individual pays a fixed rate, for the duration.

5. Alternative mortgages, including, variable rate, and/ or, lower amount of money, down: Alternative mortgages, function, much like a conventional one, except, either, the interest rate, is variable (fixed for short period, and adjusts), or the lending institution permits a lower down – payment.

A wise home buyer explores, learns about, and knows, his financing options/ choices, and proceeds accordingly. Will you try to be a better informed consumer?