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The Business of Real Estate

We’ve had quite enough help, thank you!


The recent housing crisis was in very large part caused by our government and quasi-governmental agencies (Fannie Mae and Freddie Mac) creating incentives for mortgage lenders to make loans that they would not have made otherwise.  I’ll be happy to discuss this, but in my opinion it’s incontrovertible.

In response to the crisis it created, our government has introduced many “solutions” — mostly under the auspices of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Restrictions in that act have undoubtedly made the housing recovery longer and harder than it needed to be, by introducing signficant confusion, “compliance” delays, and excessive mortgage underwriting conservatism.  It is a fact that extremely well qualified borrowers are being denied mortgage loans as a direct result of Dodd-Frank, and the closing process is more complicated and takes longer than necessary.

But stand by ….  More help is on the way in 2013.  This article from the National Association of REALTORS® is a quick summary:  CFPB Unveils Ambitious Strategic Plan.

 

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

Discussion

One thought on “We’ve had quite enough help, thank you!

  1. The words we are fearful to hear……..” We are from the Federal government and we are here to help you…..”

    MS

    Posted by Mark Sprague | January 2, 2013, 11:26 AM

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