# 1 biggest mistake: Waiting untill the market hits the bottom.
Are you kidding? First of all we won't know the bottom was hit untill about 60 days after it happened. Second of all, Sellers will get the news flash the same day you do. So guess what...prices will increase. (probably dramatically and immediately) So sitting on the couch biting your nails and waiting for "the bottom" won't help any one. If you need a house, and will have comfortable payments, by all means get it. You don't want to tell your friends in a couple of years you missed the boat. (would-a could-a should-a)
Mistake #2: Not being preapproved.
Prequalified is NOT the same as preapproved. If you submit an offor on a house you love with only a prequalification, in this market, you probably won't get it. In fact, banks look at a prequalification as only a maybe-long shot-risk-gamble-slight possibility of qualifying. in fact if they have multiple offers (which is very common) they may use your contract for a dartboard or to line the bird cage.
Preapproval is golden. Harps will play in the background when your offer is submitted with a preapproval. It will let you know exactly what you qualify for, and helps the process flow much smoother. No brainer...get preapproved.
Mistake #3 Betting on resale.
As a rule real estate increases in value. As a rule over any 12 year period, real estate increases in value. READ that: 12 year period. The numbers, statistics, history, gurus, and geniuses say 12 years. Not two weeks, not 6 months, not a year. 12 years. Bottom line here: don't over extend yourself. If the payments are comfy cosey buy it. If it will rent for more than your payments, buy it. (easy to do in this market) if cash-flow is positive right now, or you are prepared to wait 12 years for capital gains buy it.
If you think you need it right now because it will double in value immediately, and you will over extend yourself or bet the farm to get it, Call me- I'll talk you down. That is not a smart way to live your life, or invest your money.
Those are the three mistakes I see most often, and the ones I can think of right now, but likeley, i will post more later.
"Mistakes are part of being human.
Appreciate your mistakes for what they are:
precious life lessons that can only be learned the hard way.
Unless it's a fatal mistake, which at least others can learn from."
Al Franken
Saint Patrick's day is a huge deal for my family. I thought Id share with you some little bits of "Irish"
An Irishman is never drunk so long as he can hold onto a blade of grass and not fall off the face of the earth. (and the economy is never bad as long as a Realtor can hold onto a phone and not .......)
May your neighbors respect you, trouble neglect you, the angels protect you and heaven accept you.
A ragged colt often makes a fine horse.
May you live to be a hundred years, with one extra year to repent.
An English man thinks seated, a french man standing, an American pacing, and an Irishman afterwords.
Get on your knees and thank God your still on your feet.
May your blessings be many, your troubles be few. may the luck of the Irish be smilin' on you.
May your thoughts be as glad as the shamrocks, may your heart be as light as a song, May each day bring you bright happy hours, that stay with you all the year long.
Other people have a nationality, the Irish have a psychosis.
A borrowed saw cuts anything. and finally:
There once were two cats of Kilkenny,
Each thought that was one cat too many;
So they scratched and they bit,
in a quarrelsome fit,
Till instead of two cats there weren't any.
Happy Saint Patrick's day!
Is it the right time to buy?
The one popular question I get all the time. Finally, I figured out the answer!
Maybe. It all depends on whether or not it is the right time for you.
If you have 5 children and 2 rooms, it is time to buy. If you and your husband fight over who gets to use the bathroom first thing in the morning, it is time to buy. If you have been waiting 8 years for home ownership to be in your reach, now is the time. If you are paying more than $ 1,200.00 a month in rent, it is absolutely definitely time to buy.
If your job may be moving in 6 months, it is not time to buy. If you are happy seeing the world in a traveling RV, it is not time for you to buy. If you are so afraid of commitment that you have never been able to own a fish, It is, without doubt, not time for you to buy.
Are rates at a historical low? YES. Are prices finally affordable for most people? YES Will Prices keep falling? Maybe . Are we close to the bottom and prices will go up? Maybe. No one has a crystal ball, and you should not listen to people who think they can predict. The very very best agents can only operate in the current market . By current market, I mean TODAY.
If you can find a house you love, and the payments are comfortable for you, it is time to buy.
So is it time to buy? Maybe…ask yourself.
Listen to your intuition. It will tell you everything you need to know. Anthony D’Angelo
Surprise, two weeks ago I didn’t know what a blog was, and now I have one. I’m looking forward to this new project. Web log, online journal, visit fest, soap box…what ever. It will be a great way to remember what happened and make new connections.
Imagine, my great great grandmother would hand write a note to someone, wait forever to give it to some one who would give it to someone else who would give it to someone getting on a boat and 6 months later, it would be delivered. Now I can have a thought, write it down, and moments later, someone in Ireland can read it. Wow. I guess now I should go have some thoughts.
Without change, something sleeps inside us,
and seldom awakens. The sleeper must awaken. Frank Herber
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Realtor Keller Williams Elk Grove My job is your success…and I LOVE my job.
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