When a house sells there are many many people who benefit from the sale of that house. From the
Realtor and the bank and the respective attorneys to the electric company, gas company, grocery stores
who are now supplying the food to the new homeowner to the insurance company who has written the policy
for that home. I could go on and on but I think you understand what I am trying to convey. So this integral
piece to the puzzle of our economy must be in place in order for the cycle to move. I was very glad and
relieved to hear that our government has not only extended but has also expanded the tax credit to
people who have owned their homes for at least five years as this helps the home owner who has owned a
first home to put it up for sale and then buy up to his next house therefore allowing a new home buyer to
buy his house and he will move on to buy another home. /This will feed a lot of people. We are all
connected and affected by what we do. If everyone could just really get that and do the next right things,
well
could you imagine?
I hate to remember last November but I do remember last November. I was scared, worried, and completely quiet in the way of customers or clients. All the financial woes were rearing their ugly heads and nobody was certain where the economy or our country was going----
Today I feel hopeful and grateful that I made it through the year. My company has been very supportive of us through this period of time and has been constantly giving us food for thought to help our business. I am happy to say that I am getting new people from my web site, my companies web site and my warm market. This time of the year when it usually starts to slow down, it is not so slow I think in part to the extended and expanded first time home buyers credit.
It definitely is different. I have observed , as in life, that the people who were able to adapt have done ok and the people who were unable or unwilling to adapt are gone.
The lesson in the experience for me has been "when you get lemons make lemonade". "When you are not sure how to make lemonade, refer to the directions"
I am very grateful this year to also be a member of Active Rain. I must say that a large part of my encouragement came from posts I have read that inspired me or comforted me or challenged me. Thank you Active Rain family for all your support
just saw a listing on our MLS with a cap rate of 8%. Now I am sure that pretty much everyone that might
be reading this blog knows what they are getting for their money in cd's and t bonds etc. So why is this
listing still on the market? If the owner is correct and this is truly giving a cap rate of 8% where are the
investors. The thing with real estate is, everyone needs to live somewhere just like everyone produces
garbage and everyone leaves this earth at sometime. That is why those respective businesses are usually
good to get into. So why has this listing, in a great location not sold. You tell me!
It's funny that several years ago when the feeding frenzy on real estate was with us and the prices were rising and rising you couldn't stop someone from buying real estate, fighting in bidding wars and now with prices down, rates at historical lows and a great $8,000 tax credit being given, people are sitting on the fence wondering what to do.
Donald Trump said it on TV the other night. This is the best time to buy real estate! So what is everyone across our country experiencing? What price point is selling? What great tools are agents using in behalf of their clients. What is your experience with short sales and foreclosures. I would like to know.
Sharing is everything.
Finally someone talking about a four percent mortgage rate
http://www.foxbusiness.com/video-search/m/21829995/4-5-mortgages-a-possibility.htm
This is a link from Fox Business News.
We need to get everyone included in this. Refinancing, new homes, homes in trouble. If we want to get a real stimulus going we need to do just what they are talking about in this video.
We, as Realtors, need to talk about this to everyone we can talk to. The gentleman in this video , a banker is talking about how the banks are at capacity in the filings of refinancing. Sooooo maybe you will need to hire some more people to fill the need to respond to all these refinancings and new home purchases with a mortgage rate of 4%. Imagine giving jobs to people to help people move money. What a concept.
What do you think?
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