Your Realtor may ask you for money upfront due to high gas prices

With gas approaching $4 a gallon this summer, don't be surprised if your real estate agent asks for money up front before showing you property. It used to be that one of the perks of using a real estate agent was getting shown property on the agents nickel. I am now hearing reports of agents getting a fuel retainer to cover costs in looking at property. It is also a great way see if a buyer is really serious about looking for property or are they just tire kickers.

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Realtors beware, your clients down payment could be disappearing

Many people use their home equity lines as down payments. If you are a Realtor you need to be aware that banks are pulling back and canceling many of them. I have had mine canceled in recent days. I would advise you to tell your client to pull the money out now and not when they need it. Because when they need it, it may not be there.

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