Sharon Davis on Real Estate | September 2008

Real Estate and Wall Street!

So you think it is hard to get a loan today, just wait until the clean up comes! More forms, more restrictions, more documentation….more denials! I've seen this before when new reform is welcomed into our industry. After three decades in Real Estate I have watched a two page contract turn into a four inch thick file due to all the lender demands and disclosures from all of the transitions, good and bad, that which have occurred over the years. No matter who you are voting for you in November you can count on change when billions of tax payer's funds are on the line.

The recent financial news will indeed have an impact on every move you make. Make your move now before the rules change again and the dream becomes even harder to grasp. Change is coming and your creditworthiness may have new demands to face. Take advantage of the latest rules currently in place and get a hold of historically low interest rates as well as today's bargain home prices while you still can!

If Wall Street had to pack moving boxes every time they bought and sold perhaps things would be different, but they aren't and today's news will affect your tomorrow. I think we are approaching the bottom of this mess and we will soon be on the road to recovery, but if you believe in the doom and gloom and your sky is falling then I have one question for you: Where do you want to get stuck? Figure that out and get there as fast as you can!

Sharon Davis