Move My Realty - Real Estate News


June 21st, 2008 8:51 AM by Ron Mastrodonato


Surviving and thriving in the real estate market these days means following a whole new set of rules. Explaining the following five items to your customers to help win friends and sales:
1. Gaming the market doesn't work. There's a chance that the home you buy today will be worth less next year. So instead of trying to time the market, drive a hard bargain for a home you really love.
2. Real winners get the lowest mortgage rate. Financing is getting more expensive. Celia Chen of Moody's predicts rates will hit 7 percent in mid 2009.
3. Jumbos are a big bargain. A new law temporarily allows Freddie Mac and Fannie Mae to buy mortgages as big as $729,750, which is keeping the jumbo rates down. The deal disappears at year-end.
4. Good schools count. Neighborhoods with highly rated schools are holding their value better than most, according to a recent study by real estate site
5. Honesty is the best policy. Be upfront about your commission and consider letting the buyer keep any incentives offered by the sellers.

Source: Money Magazine, Amanda Gengler (05/27/08)
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Posted in:General
Posted by Ron Mastrodonato on June 21st, 2008 8:51 AM


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