Black Working Man Lifestyle Magazine BWM Lifestyle Magazine - Premier Issue | Page 33
REAL
ESTATE’S
MOST
IMPORTANT
TIPS
REAL ESTATE
by Tracye Robison
Tracye Robinson
248-939-1419
[email protected]
While we’re seeing continued strengthening
in employment, consumer optimism toward
the economy is growing and appears to be
contributing to further improvement in overall housing sentiment. The share of respondents who believe the economy is headed in
the right direction increased 3 percentage
points last month to an all-time survey high
of 47 percent, while the share who believes
it is headed in the wrong direction decreased
to 45 percent, a new survey low. Additionally, the share who believe it would be easy to
get a home mortgage today increased to a
record-high 54 percent while a survey low
43 percent think it would be difficult to get
a mortgage.
“Continuing improvements in consumer
attitudes in this month’s National Housing
Survey lend support to our expectation that
2015 will be a year of the economy dragging
housing upward,” said Doug Duncan, senior vice president and chief economist at
Fannie Mae. “The share of consumers who
think the economy is on the right track rose
to a record high since the inception of the
survey nearly five years ago and for the first
time exceeded the share who believe it’s
on the wrong track. Consumer confidence
seems to be getting a boost from employment growth. This is reflected in their views
on the ease of getting a mortgage today,
which also reached a survey high in February. We continue to see strength in attitudes
about the current home buying and selling
environment and consistently high shares
of consumers saying they expect to buy a
home on their next move. At the same time,
we still need to see further growth in consumer optimism toward personal finances
and income for more robust improvement in
housing market attitudes.”
Valuable Tips for Buyers
1. Think long-term and think re-sale
2. Make a list of items that are “must
have” and “would like to have”
3. Look at ALL the expenses when you
are budgeting for the house
4. Ask for the homeowners association
contact before you make a decision
5. Research grants and other sources of
funding and financing
6. Be sure to read and understand your
contract before you sign it
7. Learn about the neighborhood demographics
8. Look beyond the staging
Valuable tips for sellers
9. Prepare for your own purchase and
understand the timing
10. Get your home move-in ready
11. When thinking about your home’s
potential value, understand your
competition
12. Take the emotion out of selling your
home
13. Enlist the help of a great real estate
agent
BLACK WORKING MAN
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