Mark Clemens Help for Home Sellers and Buyers MN / WI

What will cause the market to turn around so that I can really buy a house?

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Two things will need to happen before "EveryPerson" can again buy a house. One is that the prices must come down and the second is that the lending parameters must become more flexible. It is tempting to say that the rates must drop lower, but stated income programs have actually made this less crucial. The difficulty is that it is much harder to do stated programs than it was just 90 days ago. These allowed people to stretch for a mortgage payment, knowing that there was unreported income to cover whatever their "real jobs" could not. When these programs come back as in deed they will, there will be more activity in the market place.

Who really determines the value of my home?

The buyers in the market place are the primary influence in what yolur home is worth. As you have heard before, your home is worth what a reasonable person is willing to pay. The key here is the word reasonable. Anyone will do anything that they must. So if there are no places to rent..........you can fill in the rest. But that is extreme. Less intense are factors of pricing, condition, and aesthetic appeal alongside affordable mortgage rates.

Would you ever make us sign a buyer's agreement?

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I have an aversion to boxing people in on anything. However, a purchase involving a sale of your home and possible assistance to your buyers along with the seller of the home you're buying requires more than most people think. Everyone has to be treated appropriately and everyone must be satisfied. That is what makes it all work and that's what win-win-win-win is all about. You of course are the most important if I am working with you to find the most affordable ideal home. But everyone in chain must be considered and that takes considerable thought and effort. So, I do expect that you will do everything in your power to make certain that I am treated fairly.

Does the seller really matter in the purchase of our new home?

Unless you are a very sophisticated investor, your seller is an important person. You will want to buy from someone you respect. It is as if their aura or spirit goes with the house. Some may find this too unscientific for their tastes, but most want to think back positively on who's life they are making better by closing on the mortgage. No one wants to make a "bad guy" richer; but everyone wants to treat a "good guy" fairly. How can you tell who is which? Look for telltale signs and then think before you offer. It just may get accepted without a counter.