OK SO WE KEEP HEARING ON THE NEWS ALL ABOUT THE BUYERS MARKET YES WE KNOW, WE IN FACT AFTER ALL ARE REALTORS, HOWEVER YOU CAN'T EXACTLY HAVE THE POWER TO BUY UNLESS OF COURSE YOU DO TWO THINGS FIRST. I HAVE HAD MANY BUYERS LATELY THAT WANT TO LOOK AT HOMES BECAUSE ITS A "BUYERS MARKET" UNFORTUNATELY WHEN I LEARN MORE ABOUT THE PROSPECT I FIND THAT THEY DO NOT HAVE THEIR CURRENT HOME LISTED AND THEY ARE NOT PRE-APPROVED.
ALTHOUGH WE ARE IN A GREAT BUYING MARKET THE FACT IS LENDERS ARE NOT IN A "GIVING MOOD" AND YOU MUST HAVE ALL YOUR DUCKS IN A ROW SO TO SPEAK OR WHEN YOU FIND THAT HOME THAT YOU "LOVE, LOVE, LOVE" YOU WON'T BE IN ANY POSITION TO BUY, BUY,BUY UNLESS YOU HAVE DONE TWO THINGS.
ITS GREAT TO DO YOUR HOMEWORK BUT THERE IS ALOT OF MISINFORMATION OUT THERE ABOUT BUYING AND SELLING HOMES AND OF COURSE WHERE THE MARKET IS. ONE THING I WOULD RECOMMEND IS THAT BEFORE YOU GO OUT SEARCHING HAVE YOUR HOME LISTED CONTINGENCIES ARE NOT IDEAL SITUATION AND UNLESS YOUR UNDER CONTRACT (AND EVEN THEN) YOU MIGHT NOT GET YOUR OFFER ACCEPTED. ALSO UNDERWRITERS ARE VERY CAUTIOUS AT THE MOMENT AND RIGHTLY SO...SO GET YOUR AFFAIRS IN ORDER WITH REGARDS TO LENDING AND GET PRE-APPROVED FIRST.
IF YOU HAVENT' DONE THESE TWO THINGS THEN YOU DON'T REALLY HAVE AS MUCH BUYING POWER AS YOU MAY THINK!
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