| The year 2009 will likely be a year where trends in | | | | afford and by helping the buyer find ways to obtain |
| real estate will change greatly from what we have | | | | financing. Some real estate agents will have to relearn |
| seen over the last ten years. Bank failures, stock | | | | their job, it will require more to sell a home than sticking |
| market crashes, and government bailouts are | | | | a for sale sign up in the yard and putting a few |
| bombarding the American public every day. It is no | | | | pictures in the local paper. |
| wonder that people who need to buy or sell a house | | | | Research has shown that many buyers use the |
| are discouraged. Many would like to wait to sell their | | | | internet when searching for a home to purchase. |
| home but can't afford to wait due to job relocations, | | | | Realtors will have to adjust to this surge in internet |
| change in family size, or divorce among other things. | | | | house shopping by providing more thorough websites |
| The show must go on, but it will be done differently | | | | with more virtual tours set up for homes they are |
| than it has in the last few years. | | | | trying to sell to attract out of state buyers. User |
| The prospective home buyer of this year will likely | | | | friendly web tools to help prospective homebuyers |
| settle for less house than they would have five years | | | | search for homes on the internet will be a plus for |
| ago but they will still want a quality home that they will | | | | those realtors that want to attract buyers that can |
| be happy with for many years. Some buyers will still | | | | qualify for home financing. |
| hesitate to purchase a home even with the real estate | | | | Realtors are going to have to put one hundred percent |
| deals that are available today because they are | | | | into their work to locate buyers for their real estate |
| waiting for an even bigger bargain. Many home buyers | | | | listings and to help them find the help they need to get |
| will have to continue renting to save up significant | | | | qualified to purchase a home. There won't be as many |
| down payments to qualify for mortgage financing | | | | quick sales so the smart real estate agent will help |
| since the banks have tightened their lending standards. | | | | those prospective buyers to ready themselves to |
| It is likely that FHA loans will have a revival in popularity | | | | purchase a home and hope that loyalty will bring them |
| since a smaller down payment is required to qualify for | | | | back when they are ready and able to purchase a |
| these loans. These loans are expected to be a key | | | | home. |
| instrument for homebuyers throughout 2009, especially | | | | These trying times may bring us all back to reality and |
| first time home buyers. Some officials feel that these | | | | force us to adjust our ways to survive and possibly |
| loans will have a great impact on jump starting the real | | | | even benefit from the economic downturn that we are |
| estate market. | | | | in. Home buyers will have to take a realistic look at |
| It is a fact that real estate agents will have to work | | | | what they can afford and what they have to do to |
| harder to sell homes; homes will not sell themselves in | | | | get ready to purchase a home. Hopefully, when we |
| the near future. Real estate agents will have to work | | | | look back at this period in history we will see that |
| as consultants with buyers and help them get qualified | | | | some good has resulted from this period of time. |
| to buy a home; by researching what the buyer can | | | | |