sellers market: Importance of a Pre-Approval in a Seller’s Market - 03/11/15 01:20 PM
  Urban Myth "A pre-approval will lower my credit score" 
I'm often contacted by buyers that want me to show them apartments. Often these buyers do not know how much apartment they can afford. They require financing but have not been in contact with a lender.
I recently spoke with a buyer that was interested in one of my listings. When I asked if she was pre-approved for a co-op loan she told me that she didn't want to get pre-approved because it would lower her credit score. 
An "urban myth" and not a valid reason to not get pre approved before looking … (8 comments)

sellers market: It's Best To Buy And Sell In The Same Market - 09/20/06 06:38 AM
 
In real estate it is very difficult to time the market. Markets go in cycles there are tops and bottoms. Bottoms are usually created by pessimism and negativity. Tops are created by “irrational exuberance"  
To quote Jim Cramer on CNBC's Mad Money “Bears make money – Bulls make money but Pigs get slaughtered." The Fed created the boom in housing by lowering interest rates then they ended it by raising interest rates to take “the froth” out of the housing market. Maybe they will change their mind again. 
When everyone is bearish based on sentiment rather than the facts, that … (5 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn

Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn

Manhattan, NY

More about me…

Address: New York, NY, 10024

Office: 212-877-6268

Mobile: (917) 312-0924



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