Nothing seems stable right now.
*One day interest rates are going down then the next day they’re going up.
*Nationally the statistics indicate that the prices are dropping yet there are pockets that seem to be holding their own.
*Foreclosures appear to be “raining down” from all directions hitting every neighborhood.
*Mortgage offices seem to be closing up shop at a record pace.
*Government intervention is being threatened to “correct things.”

It is quite easy to see how the natural response for a potentional buyer could be to just hunker down and go into hibernation until things settle down. It certainly seems to be the safest postion to take but is it the best?

At the core of everyone’s concern is the big question of “have we hit the bottom yet?” Anyone who says they have the answer is lying. If one knew the bottom date of the housing market they would make a fortune buying options in the stock market. Don’t kid yourself–no one knows the answer.

The first thing for a potential homebuyer to do is to get educated. Get on Google and search the Internet for all the information you can find. Don’t underestimate your ability to disseminate the information that is provided! You are a lot smarter than you think. Once you have given yourself a chance to evaluate the market on your own terms you may actually come to a different conclusion about the reality of the current market conditions.

The second thing for a potential homebuyer to do is to find a real estate agent that you can trust. They are out there! A quality real estate agent will spend a lot of time listening to your concerns. The appropriate agent for a first time homebuyer will carefully respond to your concerns in a deliberate and professional manner. Again, your instincts will tell you if this agent is the right one for you.

A starting point for many first time homebuyers is a seminar. A good seminar will show potential buyers how to start the process on their own terms. The seminar will provide the essential “outline” for future buyers to determine what is right for them. The poor seminar will try to force-feed you into a rushed process of buying a home starting that very day. Your instincts will tell you if you are wasting your time at a seminar or if you have struck gold and are going in the right direction.

Twin City Homebuyer Seminars has a clear goal of becoming a valuable tool that most potential homebuyers can use. Check our website for future seminars that could fit into your schedule. It may be the best move you ever make!

TwinCityHomeBuyerSeminars.com
Michael Krzmarzick, Realtor
Coldwell Banker Burnet, Minneapolis Lakes Office
763-443-0065