Silicon Valley Thoughts Anne Hansen talks about Real Estate, Home Ownership, and life

2010 Real Estate Learning Curve…

The best part of 2009, will show up in 2010…

Realtors AND lenders who are still here, are smarter, more experienced (with all sorts of problems) and we are more humbled.  This will help all of our clients!

2010 is going to be one amazing learning curve:

• Lendingis drastically changing each day.  No more pre-approvals without the buyer committing to a lender. A lender cannot give you “real” numbers by law, until the buyer has giving all the 5 top financial criteria first.  This will cut back on the unethical lenders who got us into this mess in the first place. 
• Homes prices will continue to go down in less attractive areas and will rise in more desirable areas. 
• Interest rates will stay very level in 2010.  Remember when the news says. “INTEREST RATES will rise,” those are NOT the interest rates that effect mortgages.  Those are the interest rates that effect credit cards, car buying and other consumer purchases.  So go BUY!!!
• Sellers will need to listen to their experienced Realtors.  If you read my blog of last year, please interview two Realtors .  Selling homes is an art.  Every Realtor is different and we all have our own style of marketing and negotiating.
• Buyers go BUY.  Do your homework, use an excellent Realtor who really has your interest first.  Trust your gut on that.  The process of buying a home for the next few years will be tough but worth it.  Patience is still the name of the game.  And if you find the home, go buy it.  Your Realtor will take good care of you, that’s our job!