I’ve been doing some reflecting and goal setting recently and remembered posting this picture along with a write up on my business page months back. In it I stated, “There are only 100 days left in 2012. There are only 47 days left until Election Day. What does your real estate portfolio look like at the moment? What do you want it to look like? These low interest rates and affordable costs will not last forever. A new wave is surging…”
Since then interest rates have gone up a full point, and in some cases are as high as 4.87%. See for yourself: http://www.bankrate.com/partners/sem/IP-mortgage-rates-v2.aspx
Sellers are now receiving multiple offers OVER list price, so much so that realtors are shutting off their phones, requiring questions be emailed in, and even setting dates that they will stop taking offers and present to their client, regardless of the expiration date written into the purchase agreement. They know that you’ll just rewrite the offer when THEY are ready. The market has indeed shifted….
Fortunately, I’m a Darwinist, and I adapt very well. Also, I am not a conformist. I don’t do what everyone ELSE does which is why the SECRET to real estate isn’t much of a secret to me. In fact, it’s EASY! Here it is: When everyone else is buying,… SELL. When everyone else is selling,… BUY. That’s all there is too it. Don’t chase the crowd. Let the crowd chase you.
Now, I’ll ask again. Summer officially begins TODAY. What does your real estate portfolio look like at the moment? What do you want it to look like? The wave is still surging…. and it WILL crest in November. Are you still watching from the beach? Or are you ready to ride this wave with me?
Call me today to set up an appointment, and get you out into the surf. 310-722-5959