The residential real estate and mortgage lending industries are encountering unexplored territory on an almost daily basis as a result of the country’s changing financial landscape. We’re experiencing circumstances that are new to everyone involved (buyers, sellers, Realtors, banks, etc), with enough updates on jargon, regulations and modifications to keep us all on our toes. The recent transformations in housing-related markets have invoked agents to follow developments like a hawk so they can communicate the correct information to clients.
Your agent isn’t just someone who will help you sell your property or find your dream home – they are your well-versed consultants, prepared to translate new lingo and explain how it will impact your purchase or sale. From federal housing credit to mortgage bailout programs, there are many fresh incentives and revamped initiatives that can greatly increase your buying power or protect your current home investment. There are even nationwide home sales events where sellers reduce prices for a limited time – all kinds of money saving opportunities that your agent/consultant can keep you posted on. The best thing to do is simply talk to your agent and find out what options are out there.
There is so much going on in all levels of the economy right now that it’s no longer enough for agents to focus only on real estate commerce. They need to put all the pieces of the puzzle together for clients and act as a universal guide through these variable times. Both the U.S. government and the private sector are working to provide American homeowners and home buyers with affordable housing and lending alternatives. Your real estate consultant makes it their job to be up-to-date with these beneficial programs so that you can take advantage of the wide range of funding assistance and special housing deals.