Burbank Real Estate

What are economists saying about the future? It is not all doom & gloom. There are bright patches as well. For example interest rates have not been this low for 30 years. The banks are relaxing a bit more. People are having less difficulty getting financing. Only way to get financing these days is to have correct documentation. Banks are much more willing to lend when the buyer has a complete documentation. Like proof of funds, pay check stubs, tax returns. Getting all done before hand is the key to success.

In Burbank CA real estate owners are crying over lost equity in their homes. It is not a simple situation when the economy is not good. Real estate owners are lucky to be in the Burbank,Glendale, La Canada area as home values have not dropped as dramatically as Riverside County or San Bernardino County .

Cutting back on extravagant or excess spending, having a plan will go a long way in helping property owners survive these times.

Equity loss is not forever.

In the early 90’s when Burbank ,Glendale real estate owners were upside down on their mortgages and were paying much higher rates than they have now. Market eventually came back and home owners recovered their equity. They where able to sell and buy up when things got hot.

Realty Needs Network is always here to help. In case you have questions, or would like to discuss your Real Estate situation, do not hesitate to call. We are Your Burbank REALTOR and Your LA Broker For Life!