Home >> Real Estate Articles >> Buy a Home Get a Free Car

Buy a Home Get a Free Car

By Helena Lobo Zagorski on Nov 09, 2009


While common in commercial real estate, in residential real estate it is very unusual to see private individuals offer high-ticket items to homebuyers. Well it is happening now. Homebuyers in today’s market are being pampered with many attractive incentives coming from the government ($8,000 credit), banks (low interest rates) and the sellers (i.e. 2010 Chevy Camaro). In addition, residential home prices have backed away from the over exuberant valuations, which peaked in 2006.

Some would argue that today’s real estate market is depressed and the home prices have fallen dramatically to their new lows. Well, the latter may be true but the reality is that the home valuation should have never been that high in the first place. US Government market intervention (Fannie Mae and Freddie Mac) mandating banks to lend money to not-credit worthy individuals and many unscrupulous financial institution lending money to those who could not really afford their purchases coupled with lack of personal responsibility (homebuyers) resulted in an unsustainable price hike.

Today the real estate market has retreated to normal conditions, which is constituted by an adequate product supply and qualified demand. Homebuyers must be financially qualified with the minimum 20% down payment and good credit history to purchase properties. They are being rewarded for being able to save enough money for a down payment and good credit. There is good inventory and buyers are able to shop around and find perfect property for their needs and wallet.

Also, in today’s real estate market real estate professionals are required to be more creative and more resourceful to facilitate a sale. Skills and competence are two most important qualities expected from a broker and sought after by sellers. More attention is being paid to the advice from a qualified professional in marketing and advertising a property. More often sellers seek guidance in making educated decisions. Selling a home proved to be an art and must be carefully crafted based on the potential buyer needs rather than the sellers likes.

Please Visit www.helenalobo.com

People Also Read

  • Tips for Removing Stains

    Life happens. Stains happen. Homeowners everywhere wish there was a good way to remove these marks. Your wish has been granted! Use this simple cheat sheet to help remove stains from your favorite household gear. Everyone's coordination is a little o...

  • The Best Time of the Year to Live in Dallas TX

    This my favorite time of year to live in Texas…Spring. Everywhere you look trees are flowering, bushes are blooming and flowers are poking their heads out. As I drive down a street in Unviversiry Park I can see Dogwood trees, red buds, pear trees and...

  • FEBRUARY 2015 MARKET UPDATE

    February 2015 DeLena Ciamacco Included in this blog post is a link to my Real Estate Update Newsletter. Please click on the link below to get the latest Real Estate Update for February! If you have any questions, please don’t hesitate to call o...

  • When To Refinance Your Mortgage

    SECURING A LOWER INTEREST RATE One of the best reasons to refinance is to lower the interest rate on your existing loan. Historically, the rule of thumb was that it was worth the money to refinance if you could reduce your interest rate by at leas...