Money and Success

Surviving the Credit Crisis

Karen Simpson-Hankins,CTACC

Surviving the Credit Crisis – Are We in Another Real Estate Bubble?

Every day, I speak with potential home buyers looking for their piece of the real estate dream.  But with a tight inventory and lower priced homes in short supply, prices continue to climb and we are back to the days, pre-credit crisis, when multiple offer situations were a normal part of business!  Clients tell me that they find a house that they’re interested in and it’s gone before they have a chance to make an offer or they’re in a multiple offer scenario with prices quickly rising above the listed sales price. This type of thing is happening all over the country, so what does that mean?  Is now a good time to buy or should they wait to see if prices come down?

Join me as my guest, Christine Browning, owner/principal broker of HomeSmart Central Realty and I discuss today’s Central Oregon real estate market and the biggest misconceptions potential home buyers face in any market today!

Some of the items that we will be discussing include:

  • Are we in another real estate bubble?
  • I’m thinking of buying a rental property…what are the things I need to know?
  • How much of my income should I be spending on a house payment?
  • What actually happens in a multiple offer situation?
  • What questions should I ask when interviewing real estate agents?  Why calling on a sign may not be your best option.
  • What is a buyer agent?
  • And…much, much more!

A big part of success in finding your dream home is knowing about the “Right Fit Mortgage ®” process and finding the right home to fit your budget.  It’s important to know that a lender can’t tell you what you can afford.  They can only tell you what a lender is willing to lend.  It’s up to you to determine what you can afford and that is not always the same amount.  I can help you understand your options, so get started on your home buying journey today!