Fences arent the most comfortable places to sit!

Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

not the most comfortable place to sitFences aren't the most comfortable places to sit!

We all know that in today's turbulent market a great deal and an opportunity often slips through the potential buyers fingers simply due to fear. Fear of the unkown's in the economy, fear in the housing market, fear in the lending market and that is a lot to process, especially if you are someone who dwells on fear.

Fear is the exact opposite of Hope and Faith. Fear tells you the worst in any and every scenario and if you dwell on that and believe it, it may cost you great, once in a lifetime, opportunities!

I am not immune to the market, I understand how the fed and bank regulations have severely hindered our recovery, I get the fact that unemployment is high and I also get the fact our country is deep in debt. What I dont understand is why that plays a role in your decision to find a nice and affordable place to live?

With all the things going on I just mentioned we still need...

  1.  a place to live
  2. we still need food to eat
  3. we still need clothing
  4. we still need transportation

So why is it that when it comes to grabbing a bite to eat, many don't give that a second thought about it or if they have a fun event planned they can go out and buy clothes, they don't need or may not wear again, or even the shiny new car that is nice and appealing but is not a necessity (provided your current one runs fine) but when it comes to housing its almost there is a paradigm shift?

This is your home! Its not some penny stock you are buying to resell later today or next week. FACT: Most people live in their homes for 7yrs+! That's almost 10% of the average life span! When you remove the first 20yrs living in your parents home and then getting into the workplace and preparing for your life in the real world you are now closer to 15-20% of your life in that home but we treat it similar to the day trading actions of penny stocks? The decision should be on what you like, what you can afford, what location you want and what amenities you want but many times its almost solely based on whats it going to be worth tomorrow??? WHO CARES YOU ARE NOT SELLING TOMORROW! The concern or focus should be...

  1. Do I like this home
  2. is it in a good location
  3. are the schools good here
  4. Does this fit our lifestyle and budget
  5. Whats the estimated value 7yrs from now (not tomorrow)
  6. Do I get any additional benefits from owning
  7. How nice will it be to not have neighbors below me, above me and beside me!

There are SOOO many benefits to home ownership, that it FAR outweighs paying someone elses mortgage (if you don't have to). When you combine the great deals in the market and add to that 60yr low interest rates you have the most affordable housing market in over 50yrs and that alone should make buyers flock to the market in droves not trickle in with fear based mentality.

Don't get hung up on the small stuff. When you find a home you love and its affordable and you can qualify you are doing you and your family a HUGE favor taking advantage of the opportunity while it is available and it wont be this good for long that you can take to the bank!

us mortgages

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Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net



Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. John McCormack, CRS 10/27/2011 03:38 PM
  2. Peggy James 10/28/2011 12:52 AM
  3. Praful Thakkar 10/30/2011 02:55 PM
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Hi David -

You did an excellent job of getting your accurate point across in this post.  I hope the AR lords hear my plea for a suggest and you see a feature in your very near future!

Best regards from the Q and Merry Christmas in October :)

Oct 26, 2011 06:00 PM #1
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

David, excellent read for fence sitters and very valid arguments - I am sure many buyers will do the RIGHT thing!

Oct 27, 2011 03:51 PM #2
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

David, I agree.  Fences are not the most comfortable places to sit.  Especially if they are picket fences.  Ouch !

Oct 27, 2011 04:50 PM #3
Peggy James
EXIT Realty Associates - Woodbridge, VA
Woodbridge Virginia Area Real Estate Specialist

David, those who have chosen to sit on the fence are loosing and they don't even know it.  Homebuyers who have seized the moment in history where interest rates are historically low, will be toasting at parties years from now when others are complaining their rate is so high. You can't get much lower than todays rates, home values.

Oct 28, 2011 12:48 AM #4
Sheryll White
Exit Realty Denver Tech Center - Denver, CO
Denver Real Estate Guide

Great Post! Thanks for sharing

Oct 28, 2011 06:09 AM #5
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

John - thanks so much for the nice comment. I would hope more features are in the future but I dont get to control that (lol) thanks for your comments and suggests!

Praful - I agree I really do believe we are on the verge of seeing the Real Estate amrket see marked improvements... long overdue and will benefit ALL!

Karen - thats too funny I almost included that line when writing this. I see great minds do think alike!!!

Peggy - I think we truly are at bottom. Prices I do not expect to see falling any more (maybe pockets here and there but the majority will be stable and increase) combine it with incredible rates and as I say... those who make a move will be thanking themselves and those who dont will be kicking themselves

Sheryll - Glad you liked it thanks for the comment and keep in touch

Oct 28, 2011 06:23 AM #6
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David Shamansky

Creative, Aggressive & 560 FICO - OK, Colorado Mtg
560FICO and High DTI are among some of what we say Yes to
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