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Here we go Again! Another year End...they just Keep on a coming!

By
Real Estate Broker/Owner with Classic Realty Associates

It is the end of the year and several things start happening in our business. 

There is always a sudden spurt of business during the last couple of weeks of the year.  This phenomenon is hard for us to understand. It is almost too late to buy something and close by December 31st in order to take advantage any eligible tax write-offs from the transaction for the year.  Closing in early January won't result in a tax related benefit until April 09'. Nevertheless buyers do start making offers in a year end "mini frenzy"  each and every year.  I don't know what it is.

Secondly many agents have to pay their annual Dues to their associations.  For some this is a hefty amount to dish out and may not be easy for them to come up with.  Others just view it as a cost of doing business take it in stride and go about their routine. Do you set a little aside each year to take care of this annually reoccurring expense?  It sure is an easy bullet to bite if you do .

Courtney Cooper
Cooper Jacobs - Seattle, WA
206-850-8841
I always see a little burst at the end, too!  I just pay the bills as they come:)
Dec 14, 2007 03:14 PM
Jody Luckie
Treehouse Real Estate - College Station, TX
List with Luckie

We seem to always get a burst in December as well, no complaining here! 

I think it is smart to set it aside each month so it is not so overwhelming at the end of the year with all of the other things that people are paying for this time of year.  Just like an escrow account.

Dec 14, 2007 04:48 PM
Dale Campbell
Virginia Real Estate - Mechanicsville, VA
I like the little burst, but I too cannot explain it.  You have to set some money aside regardless.  Not only for these upcoming bills, but also for the rainy days.
Dec 15, 2007 02:48 AM
Kay Perry
Kay Perry, Broker - College Station, TX
You know me, I work in spurts anyway but I think I work harder at the end of the year because I need more money.  It's definitely the best time of the year to get listings.  A realtor l try to keep at least six months in living expenses in reserve at all times.  It makes it a lot easier to not have to stress over money during the slower months. I know it is difficult to save money but almost anyone can set aside a small amount each month, even it is only $50.00....it will add up.
Dec 15, 2007 07:15 AM