What is fiscal literacy in Gainesville, Virginia? As Realtors need to be so aware of how the world economic situation affects our buyers and sellers. Rather than just showing buyers "properties to buy" it is time we begin to talk about interest rates, working with them on their budget and helping them find the home of their dreams without the potential of losing them in the future. Educating them on how we got into this finanical situation is as important as the property itself!
I find my clients call me as "trusted" person they can rely on for answers, or even better, at least be the source for them by knowing where they can go to get the right answer. I find today's savvy buyers ask a lot more questions and I need to be sharp when answering and not have that "deer in the headlights" look when asked important financial questions.
What is fiscal literacy in Gainesville, Virginia? There are many course Realtors can attend; one is the recent CRS "Fiscal Literacy" course I attended last week. Gee Dunsten was a wonderful, thoughtful and interesting speaker and I recommend this class to everyone in our business wanting to be on top of your market.
One interesting fact I learned was the history of interest rates. What do you think the interest rate was back in 1795? Yes, that is correct; 1795. I thought it would be really high or really how; I guessed 12%. But, amazingly, it was 6%. Over the past 30 years, interest rates have averaged at 7%. What will happen to rates over the next year or two? Depends on foreign trade.
I love this business and everything that makes our jobs to interesting!
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