Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
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Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
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Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
Understanding Supply and Demand As It Relates to Real Estate
So often in our business we use terms or phrases and just assume that the general public completely understands them. The concept of supply and demand and how that affects prices is very critical for people wanting to buy or sell real estate.
Let's start with a very easy example so I can make sure that you understand the concept. Pretend you want to sell chocolate chip cookies in front of your house. You only have 10 cookies but there are 20 people waiting in line to buy those cookies. Do you think that you will need to mark the price down on any of those cookies in order to sell them? No and there is a good chance you might even raise the price a little bit to increase your profits. More buyers than you have product… That means the market is out of balance. In this cookie example, it's favoring the seller. Now let's say you had 50 cookies to sell, but only five buyers looking for cookies. The chances are good you'll have to drop the price on those cookies and do quite little bit of dickering in order to get them sold. That too is a market out of balance, but this time it favors the buyer.
It's easy to see how that applies to houses but now we will add the concept of absorption rate or number-of-months supply of homes for sale. Absorption rate is the period of time it would take to sell every home in a certain price range that is currently on the market at the current rate that buyers have been purchasing over the last 12 months in that particular price range. We like to say that a six-month supply is a market in balance and an absorption rate that is less than that would be a sellers’ market and if the absorption rate is longer than that it would be a buyers’ market. This may vary a bit around the country. You can see how absorption rate is a function of both supply and demand.
Now how can you use that information to be of benefit to you? If you are a seller, if at all possible, you would like to price your property in a price band where it is considered a sellers’ market. If you are a buyer you would like to buy in a price band that is considered a buyers’ market. This information is not typically found on the MLS forms, but rather, it would need to be computed by your Realtor.
Does this help you at all? Whether you are a newer real estate agent still learning the trade or a part of the buying and selling public, I would be happy to help you understand this important concept. Please feel free to give me a call and I will be pleased to discuss these concepts in greater detail with you.
34 years of successfully selling Durango Colorado real estate certainly qualifies me as having seen just about everything. There have been funny moments "What do you mean you're going to cash my earnest money check?" And there have been serious moments where we completed a short sale just hours before the foreclosure sale was to occur. My greatest satisfaction comes from knowing that we have the expertise and are able to help those people in what is usually the largest financial transaction of their life.
One of our clients once said "We sure are glad that you were at the helm of the ship steering our transaction. A little gray hair behind the ears of the 'captain' sure made these passengers feel safer."
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.