Annoying Brokerage Practice #47 - 04/20/11 02:22 PM

First, let me state that I love this business. I wouldn’t have stayed in it for almost thirty years otherwise. But there are a few things about the real estate industry, and some of the practices employed by some firms, that really grind my gears. Number 47 on that list is managing brokers pressuring agents to get price reductions from their seller clients. Sure, if a home has languished on the market, a price reduction may be a necessary move. But if it’s all in the name of generating cash flow for the brokerage at the expense of the seller, … (2 comments)

Big Firm, Little Firm. What's the Difference in Real Estate Firms? - 04/20/11 09:00 AM
I was having coffee with my regular group of guys at Starbucks recently and thought about what each of them do for a living; all very successful investment managers, chemical brokers, management consultants and the like. None of them, however, work for a big company. They each own their own boutique business.
Maybe it was the caffeine, but my brain went into overdrive. Why is it, I thought, that so many successful service providers are small firms being run by highly-experienced people, yet real estate is dominated by large firms?
To find the answer, we have to look back a few decades. Back … (3 comments)

Buckhead Real Estate Market Report - March 2011 - 04/12/11 10:34 PM
March Highlights
·       14% increase in available inventory from February affecting every price level except over $3 million.
·       Distress sales (foreclosures or short sales) continue to make up more than 50% of all pending sales.
·       Average days on market (time required to sell) fell 15% from February.
·       Volume of closed sales increased 40% from February.
 
Buckhead Real Estate Activity by Price Range
 
Under $500,000: The lowest price range in our report continues to be the most active with eight new contracts written. There were 21 new pending sales, 16 of which were foreclosures or short sales. … (0 comments)

 
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Greg Lyles

Atlanta, GA

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Harry Norman Realtors

Address: 4448 Sentinel Post Road, Atlanta, GA, 30327

Office Phone: (404) 841-9634

Cell Phone: (404) 376-6873

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