Kendra Todd talks real estate, faith & God on CBN’s The 700 Club

Kendra Chats with CBN’s Very Own Pat Robertson About Buying and Selling in Today’s Market.

Kendra Todd is considered to be one of the youngest and most diverse successful female entrepreneurs today. She is also one of the top producing investment-related real estate agents in the United States.

When it comes to buying and selling in today’s market, Kendra has a few key tips to share for those who want to consider jumping into the real estate pool. “For sellers, be realistic as to what you can really sell your house for,” she said. “Decide whether or not you really need to sell your home right now. If you do, you’re going to have to have a realistic expectation of what you’re going to get for your home.”

“Realizing that your home could be on the market for a much longer period of time, having a Plan B is important, too.” Kendra says it’s important to ask yourself these questions: What are you going to do if you need to move out of your house immediately and it doesn’t sell for six months? Will you be able to afford the move?

Kendra says that it’s important for buyers to be realistic to the fact that they just can’t offer anything. “They just can’t throw out low-ball offers. It’s far below market value; they’re not going to get the deal they think,” she said. “Homes are selling faster than they were a year ago – values are not increasing, but homes are selling, so there is competition out there. Values are down, but the market is moving.” Another thing buyers should keep in mind are the deals they can get with new construction. “The new home market is a great opportunity to get a great deal on a house,” she said. “It’s also important to understand first-time homebuyer tax credits and also the move up buyer tax incentive. I would recommend taking advantage of it buy seeing if you qualify for it.”

“Here’s a positive that people need to know about,” Kendra said. “I’m sure there are a lot of people out there who might be worried about what’s going to happen if they can’t make their monthly payments. If you’re potentially or might think you’re facing foreclosure, they recently implemented a policy that will allow people to become a tenant of their own home for up to 12 months – even if you go into foreclosure. People can stay in their homes after foreclosure and the banks are willing to lease the home back to you.”

If you’re experiencing financial trouble, Kendra wants you to know that God can handle all things. “I think it’s important for people to place their anxiety and fear in the Lord. Don’t let anxiety eat away at you every day. Focus your mind on the Lord. Pray for clarity and let Him guide you through any hard decisions you have to make.”