In a recent CNN survey, 75% of respondents said that homeownership was their 'American dream.' As realtors, we are selling that dream to many people--an opportunity to become a homeowwner! How great is this....and in doing so, it is our responsibility to educate and make certain that our buyers can truly afford the home and understand exactly what is involved...step by step (especially a first-time home buyer). I'm not a mortgage broker, but I want to be somewhat involved in their loan information...to make sure they understand just how much their monthly mortgage payment will be per month...in addition, they should know exactly what their tax bill will be and their insurance costs...at the end of they day, the buyers need to know just how much they will need to pay out each month...If the buyers are seeking a condo, then it is my duty to find them a 'healthy' complex and explain to them the real estate market and provide them with updates.
We are selling the American Dream...and need to be very careful that it does not become the American Nightmare!
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