Real Estate Today


Nobody has to explain to you the dismal state of today’s real estate market. Yet, despite the problems of the current market, it is important to understand that homes and other properties are selling.

It is the realistic Seller and the prepared Borrower that achieves success in today’s environment.

Sellers who prepare their homes for the most effective presentation to potential buyers and work to achieve the highest level of “curb appeal” are more successful in attracting serious buyers. More importantly, Sellers who price their homes realistically and in accordance with the advice from their brokers or other professional advisors are less likely to have their homes linger on the market and become the “stale house” that buyers lose interest in.

  

Borrowers who prepare and work to ensure that their credit rating is the highest it can possibly be are more successful in qualifying for a home mortgage in today’s market.

Is wasn’t very long ago that most lenders required a down payment of at least 10-20% of the purchase price of a home in order to qualify for a reasonable and manageable mortgage.

Recently, this is becoming the trend again with banks so its important that Borrowers are aware of this and take the steps to save enough for this down payment. Often, banks will allow you to use a “gift” from a parent or relative to qualify for this necessary down payment.

One beneficial point of today’s market is that houses cost less today. You’ll need to save less for a down payment and seek a lower mortgage amount because the prices of homes are still at the low end.

At the Law Offices of John S. Pokalsky, we have been representing Sellers and Buyers of real estate for over twenty years and have the experience and dedication to professionally guide you all of the way through your transaction.

Whether it be the purchase of your first “starter” home or the sale of your 7-figure Central Park West cooperative apartment, Mr. Pokalsky’s experience and dedication will smoothly guide you throughout the transaction process.