A Real Estate Agent A Bridge Over Troubled Water

A Real Estate Agent A Bridge Over Troubled Water

September 13th, 1971 |

Author: admin

The real estate and home buyers markets are evolving into a more balanced market giving buyers more negotiating power give take and added time to make purchase decisions. This trend is forecast to continue and will result in smaller price increases in 2007. Unless you bought your house recently and were hoping to ip it at a hefty prot chances are youre not actually going to sell at a loss. So the question remains how to sell your home at a reasonable price and in a reasonable amount of time? The first consideration is price. What we need to do is have a look at what similar properties in your area have sold or recently. Remember that the key word is recently not a year ago when the housing market was still in an irregular ux. Homes are certainly still selling its just that they arent selling at the inflated prices that we saw over the past couple of years. Pricing your home properly is more important now than ever

The state of the current housing market could be cause for confusion amongst home sellers these days. Reports of a real estate slump in areas of the United States have left many people wondering if their markets will follow. In actuality what is happening is world real estate markets are now normalizing. Instead of the unusual real estate market activity of recent years record sales doubledigit price increases and frantic bidding wars were going back to a more balanced real estate situation. The second thing to keep in mind is that in order to make your home stand out amongst similar ones in your area you need to pay particular attention to its visual appeal. That means ensuring that your property is clean clutterfree and in good repair.

A simple fact of home ownership for most of us is a mortgage. As necessary as it is wouldnt it be nice if you could pay it off quicker freeing up your money for home improvements your childrens education your retirement fund or an endless list of dreams that need nancing? If your answer is yes then you may want to talk to your mortgage representative and revisit your current mortgage situation to see if it would make sense to renance or change the structure of your payments to help you achieve your financial goals.

Some mortgage reduction tips some suggestions for paying off your mortgage sooner may include:1.Increase the frequency of your payments. If you get paid every two weeks anyway why not make biweekly mortgage payments instead of one big monthly payment? You could reduce the term of your loan and save hundreds of dollars in annual interest costs! 2. Decrease the term of your loan. If you can afford the higher payments choose a shorter mortgage term and pay substantially less interest over the term of the loan.3. Pay as much as you can for your down payment and your monthly payments. Dont pay more than you can comfortably afford. However if for example interest rates decrease when its time to renew your mortgage then keep your mortgage payments the same allowing more money to go directly to your principal.4. Use extra money for an annual lump sum payment.

About the writer: Bernice Lydan is a licensed Barrie real estate professional. She provides real estate services within the Barrie real estate market. Her portfolio can be found at www.bigbayhome.com.