Working with buyer's presents challenges. As Realtors we have our own expectations for our yearly production. As buyers reach out for our services Realtors have the ethical obligation of caring for our clients interests above and beyond our own.
In this world of instant gratification it is easy to see why agents take the path of least resistence. Loan officers are telling our clients that they can qualify for homes that are still at the top of their affordibiity level. Clients want to get the biggest house they can with their money. Now just because a buyer can doesn't mean he should. It is a delicate balance to counsel our clients to look in a lower price range than they qualify for vs. getting the most house for their dollar, then becoming a slave to the house down the road.
In the recent environment where voters continue to vote for every tax increase presented them on the ballot, potential homeowners need to take into consideration future costs that could impact their quality of life. Current home values are still declining albeit at a slower rate, since sales numbers are up from last year at this time. Buyers who have been sitting on the sidelines are now recognizing it's a good time to buy. If the number of sales continue to rise, it will act as a brake on the price decline. Because of the number of short sales soon to become foreclosures the market will still see a flucuation in prices. More and more buyers will recognize now is the time to purchase.
Realtors who are making a career of real estate, will continue to watch out for their clients because clients interests are the first priority of a career Realtor. I am a career-minded Realtor. My clients can rest assured their interest will come before mine.
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