Whats the market doing?

Well it’s no secret the market it tight out there at least here in SA. The northern suburbs are slow compared with the last few years with money tight.
The GFC has knocked the sales out of the banks and they are scared to lend to anyone. The amount of checking they now do is unbelievable. There are many deals they would have welcomed with open arms 12 months ago has them running for the hills. If you are looking for finance then be careful. It is crucial because the banks are keeping score. If you make 2 applications then try for a third you will probably be struck out after the second one. Do your research then choose what’s best for you. I always suggest you check with more than one finance Broker to ensure you are getting the best deal. Companies like Assured I believe focus on one bank because the brokers get paid a lot more for using that bank. The guys are ok but check. You would most likely speak to more than one real estate agent before selling your home. Finance is the same.

The grind!

Hey are you looking to buyorsell real estate at the moment? It’s pretty selective out there. Properties to choose from are limited. New properties coming on the market remain somewhat slow. A bit of a reluctance in the market to commit. Good reseach is a must for a person on either side of the real estate fence. Price your home correctly or it simply won’t sell. The banks are tough especially at the moment. They are knocking back what would be easy loans in the past for simple reasons. An example is a small bank loan our broker Tracy was working on was rejected because the customer was 2 days late on a credit card payment.. Thats minor. Good luck out there…