Real Estate Memo

This is advice for the brand new home owner from a new home owner of some three years now living in Brooklyn, New York. I'll sum up the basic tips now in 1-2-3 style and then go into more detail. 1: Put down as much as you can afford on the principal 2: Go for a fixed mortgage 3: Keep a safety-net of a years pay in your bank account if possible Having had a mortgage for the past 3 years there are some basic principles that quickly become apparent. It's a fact that the more money you can put down on the principal of your mortgage then the better off you'll be both in the long and short run. Unless you are an extremely canny investor and can make back more than your mortgage's interest is taking from you then it is better to invest money
When we say this we mean that if you want to sell your property you must not trying to convince anyone who is trying to buy a home that this home is this and that this home is that, no, you must understand that when someone try to buy a house he/she is taking the final step. Before this they took many decisions, and your job from here is only to understand exactly when they need and trying to help them to take a decision in the shortest time possible. When you are dealing with a private sale real estate you must first convince yourself of the value of your property and when you are really sure of your property value then you are going to sell it to someone else. If your private sale real estate have some little bad things or any disadvantage you must say this to you buyer before here takes the decision of buying a house or any kind of property from you. You must be a problem solver not only a sales person. You must be very concerned about the future of your buyer and let him/her know about. If you do this, there is a great opportunity for you in the private sale real estate business, because this is really a people business. Treat people with respect and you will gain their confidence and also their respect. One of the must important things you must take into account is the fact that many buyers suffer a phenomenon called "buyers remorse", this is due to our natural tendency to be negative in most cases. They tell you the deal is closed and the other day nothing is made. Why? Because this remorse is telling them that this private sale real estate deal is not good, or that you are just trying to take something from them, or anything that might be bad for them. Ok, your job then is to let them know that you supposed that this was going to happen and that they will be safe with this deal. Also you must make the buyer fills that you take care for him/her and you are never going to make anything bad to