Aug 30 2008
SOMETIMES YOU HAVE TO SHOW CLIENTS – IT’S BEST NOT TO BUY!
One of the things that I am proud of is that over the past five years, during this time of real estate frenzy and fizzle, none of the homes that I put buyers into have gone into foreclosure or been repossessed.
Now please understand, a real estate agent in California cannot tell a buyer how much to offer for a property much less what to buy or not buy. But we can show you comparable homes, point out trends in the market, prognosticate (that’s an educated guess) on the future of the market.
During the peak of the market everyone was sure that anything they bought would double in price in no time at all. But what if it didn’t? What if the property lost value because it was too overpriced to begin with. Could you still afford it?
I believe a good agent has the moral obligation to steer clients away from disasters.
The investment in a first or second home is not just financial; it is a life style investment. How much enjoyment will this property provide you and your family often weighs more than how much can I make from the property.
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