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Seeing the Big Picture...

   
 

For most of the last half of the 20th century, a real estate industry mantra was: "you will never have a greater asset than your own home."

That was true, for two reasons: Real estate was rising so fast, and the average person hadn't yet put so much into retirement programs that were invested in the stock market.

Now, both are declining in value, resulting in a double whammy from which many people may not recover unless they revise their plans now.  Plan carefully.

   
 

You may also want to read:
The biggest current problem

What Sellers HAVE To Know

Home

 A record number of people in America were able to purchase homes in the last few years, and now we know why--some of them got loans for which they were not really qualified.

There will be plenty of blame to pass around in the coming months, but that doesn't help the seller who needs to sell now.  Institutions may get bailed out, but the individual homeowner (you) probably will not be accorded the same opportunity.

Assuming you are not yet completely upside-down in your mortgage, we may be of some assistance to you.  First, do you really have to sell now?  Sometimes, there are other options, even if you are moving, getting a divorce, or other reasons people believe that are compelled to sell.

Also, how you sell can have a great effect on whether you come out ahead when the escrow company finally cuts the checks.  And, even if you feel you are buried in your mortgage, there may be options.

About the only sure way to make things worse is to wait--the economic turnaround is not going to happen in the next three or four months.  We offer an advisory service that looks at your real estate as part of your entire financial package, and we have the expertise to assist you in making decisions about selling (or not selling) your home.

Even if you are not planning to sell your real estate now, it pays to know (1) what it's most likely really worth in the market now, and (2) how it may help, or not help, you in the long run.

Call or email us today.  We can help.

   
 
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