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Be Prepared-Start Your Mortgage or Real Estate Firm Now

By
Mortgage and Lending with Mekka International Business and Financial Services

Now is the time to start your mortgage or real estate firm.

I don't know if the housing market has bottomed out yet, I am not an economist. We have been in a housing spiral for at least 18 months. I think we are closer to the end than we were last year at this time.

If you plan to  be in a position to take advantage of the upswing in the real estate and mortgage industry you should start immediately. There are many real estate companies and mortgage companies that fell by the wayside. 

When the real estate and mortgage market do return, and it certainly will, you will have your team in position. Your agents will be trained, your facilities and assets will be in place.

You will not be scrambling to put an unproven team together, getting facilities that will definitely cost more with the market changing upward.

 Most progressive entreprenuers will get started before the next wave is here, getting your brand out with good advertising.

A lot of the midsize real estate and mortgage companies are positioning themselves now. They are purchasing parts of mortgage and real estate companies if not the entire company in preparation for the coming upswing.

Where will you be in the coming up swing

1.  Already in line, prepared and ready for producton

2.  Getting prepared to get in line   

3.  Wishing and hoping to get in line   

Comments (2)

Erica Crowell
eRealty Inc. - Wake Forest, NC

Very interesting post.  I agree, my partner and I see it coming even though our market is still strong.  We have over 6000 Realtors on our board and less than 25% of them are selling a home a month.  I don't know how people eat!

We opened a totally virtual "office" so Realtors can take advantage of low overhead and keep more commission.  I agree, you need to be ready when the market turns!  Stay ahead of the curve.

Jan 24, 2008 06:06 AM
Anonymous
Skip Williams

We are business consultants that specialize in setting up mortgage and real estate companies. We have been trying to inform people in the real estate industry that now is the time to get into the game, not wait uptil the upswing is in full bloom.

 By that time those with brand recognition will be getting the lions share of the business. Looking forward is the trade mark of a forward thinking entrepreneurs. 

Jan 24, 2008 06:55 AM
#2