Thursday, December 27, 2007

Do You Understand the Real Estate Market . . .

It is of the utmost importance that you possess a comprehensive understanding of the Real Estate market if you plan on investing in this market. There are so many changes in the real estate market and they have happened so quickly. To name a few, there are short sales, foreclosures and price reductions. Is your Realtor helping you to understand what this means to you?

As a result of these changes, there are tremendous investment opportunities available. Inventory is high, and interest rates are still low. However, these investments are not for the short term investors. The investment exists to buy the property, and then hold it over the long haul.

Educate yourself about the market, particularly if you are in any financial trouble. There is a large number of websites available for you to educate yourself. As a Realtor, I research, read, and write blogs on a daily basis to communicate the status of the market.

Another consideration is - does your Realtor understand this market. These are complicated times. Your Realtor should be reviewing websites and blogs to best understand the market and be able to translate that information to you. Your Realtor should demonstrate to you the positive aspect of the real estate market. Also, your Realtor should be writing blogs to educate the general public on a consistent basis. These are the Realtors that are "reading" and "educating" themselves to provide you with a better service.

Please let me know if you have any questions, feel free to contact me directly.

Sharon Paxson
Newport Beach Real Estate

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