It’s no secret that the real estate market is suffering due to the economic changes that today’s citizens are facing. Unemployment is on the rise and more people are realizing that the home they purchased years ago; is not affordable for them now or underwater. Others that are finally financially able to purchase a home are having a hard time finding financing that they qualify for without a hair sample,blood sample, and your first born child as collateral! However, it is important to remember that a positive attitude will succeed any disaster.
As a real estate investor I am inundated with lots of calls from people that are, quite honestly, lost as to what to do in their current situation. Frankly it brings me to tears because the number one thing that they all have in common is that they were not educated on what they were getting into. Although I certainly empathize in these times, I have seen a distinct difference in the attitudes of these people. The first is the victim role, people put the blame on the mortgage company or lender for their situation and sometimes try and take action to “get back” at the other party involved. The other attitude is one of personal responsibility, these people realize that it is their “fault” and don’t place blame on anyone but themselves. At first glance the first attitude might seen correct given the greed and actions that a lot of executives did that lead us to this current housing market. Upon further review the second attitude actually is a much better position to take if you want to resolve your problem as quick as possible. It can be quite liberating to know that you are the creator of your situation and you have the power to make a new one.
When the housing market is great, you can put a for sale sign in front of a dog house and sell it quickly. When the market is bad, people are frozen with fear and tend to blame others. Actually in this current market there is plenty you can do to sell your home quickly! Your goal should be getting your house exposed to as many buyers as possible. Instead of waiting for your house to look perfect, become proactive and do not let a day go by in which you don’t take an action step toward selling your house. Remember that you have to be ready to sell when others are ready to ‘buy’. The key to surviving in this market is to continue working. You must be relentless and build relationships with other so they can help.