Interest Rates are at historic rates, home prices have dropped substantially in the last several years, there is a good deal of inventory on the market, yet we still see a decrease in mortgage applications and even buyers here in Portland, Oregon. It is an unbelievable time to purchase a home, but can you really blame the consumer? I can't, because I definitely see their point of view, and understand their difficulties making ends meet from talking to them over the past few months.
Each of my clients has had a story to tell lately about their financial woes, or about the troubles of a friend or neighbor. It all boils down to employment. Nobody feels that their job is solid, and you don't go into a large purchase without confidence of your employment, regardless of the buyer's market. I have friends and neighbors that have lost jobs more than once over the past year, and I'm sure you do as well. What is our role in this changing market?
I have the knowledge and expertise to help in many situations, and I feel that its a role that I am happy to fill. I am here to provide information and more importantly, options. My clients make their own decision from there. I'm doing a lot more short sales this year than ever before. It isn't a great situation for my clients financially, but at least its not foreclosure. What are you doing to help your clients in difficult times? Are you still talking with them regularly? Can you provide options for your clients? Are you doing the extra work without the reward? What are some things that you are doing to be a resource now, when times are tough, so that you are the number one resource when times are great again?
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