Brooklyn Real Estate Expert Wade Jabour Outlines Home Ownership Challenges In 2013

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Brooklyn real estate expert Wade Jabour examines the challenges facing the residential real estate industry in 2013, the effects of the economy on home ownership and how he is working with local elected officials to help both buyers and sellers.

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Wade Jabour, Owner/President of Jabour Realty Company.

...we are working to effect changes to government regulations making it easier for consumers to borrow and for sellers to price their homes at true market value

As the 2012 election is behind us Brooklyn real estate expert Wade Jabour, owner of Jabour Realty Company in Brooklyn, NY, looks ahead to the many challenges and issues that will come out of the result of the election and what both buyers and sellers can prepare themselves for.

"The biggest challenge I foresee in the year 2013 is more extensive government rules and regulations in the banking industry which when implicated, will virtually tie the lenders hands; making the American Dream of home ownership a Nightmare," said Jabour Realty Company owner Wade Jabour.

Consumers applying for a mortgage loan to purchase a property face qualifying guidelines that make securing a loan close to impossible. Equally difficult is the problems sellers encounter with stringent appraisal guidelines.

"In concert with Congressman Michael Grimm, the President of Empire State Bank, Brooklyn Board of Realtors President, Staten Island Board of Realtors President, New York Board of Appraisers President, Real Estate attorney, Alfred Fazio, local Real Estate Brokers and Appraisers, and other community leaders, we are working to effect changes to government regulations making it easier for consumers to borrow and for sellers to price their homes at true market value," said Wade Jabour.

As a veteran of the real estate marketplace in New York with Jabour Realty Company for over 25 years, Mr. Jabour has seen the entire industry change the way it brings buyers and sellers together to conduct business.

"This effort is ongoing and I am determined to keep the lines of communication open with all these concerned individuals until we are successful in making changes that positively affect the entire real estate industry as well as consumers."

Jabour Realty Company, Inc., is an independent and very active Real Estate office, located at 8704 3rd Avenue in the heart of Bay Ridge, Brooklyn, NY and can be reached at (718) 748-1800. Jabour Realty Company has been providing our services to the community for the past twenty five years. Jabour Realty Company is also employing social media to help people learn more about real estate with a new Facebook page and Twitter page @JabourRealty.

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