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Business is looking up. Everyone is finally realizing that the NAR commercials stating that now is a great time to buy are true. Interest rates can not go any lower, if the fed lowers the prime rate any lower forget about home buyers worry about depression. I have shown homes to some of my first time buyers that have shown price increases and two of my home buyer clients have been involved in bidding   the past month. My family owns a moving company that is a long established local mom and pop business. When I was still in school in the 80s it was a hot business to start (my parents started oursin the 60s) and many people started them up. When the economy hit a downturn and the industry tanked many of these part time or new movers left the industry. I think our brokerages will experience the same thing during this downturn. Many of our new Realtors or part time real estate agents who came in during the peak will be leaving the industry now. I actually had a half dozen people in my class to first get my real estate license who just wanted to sell their own house and that was it. So, when the end of this season comes and it continues to pick up we will have more business and less real estate agents so those of us who are working full time at real estate will reap the benefits.

 
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4 Comments on Looking UP

Great advice - I agree - we just have to be ready with our listings when the market turns back UP!  Good luck!

07/11/2008 07:42 AM by Norma J. Elkins (Triple "E" Realty)


Eric--I am not sure if this means anything but I got a call from a listing agent the other day telling me that she received an offer from one of my pre-approved buyers on one of her listings and she wanted to know how strong my pre-approval was because, according to her, my customer's offer was one of seven offers on the property. That was music to my ears.

07/11/2008 07:45 AM by Hans Iduma, Certified Mortgage Planning Specialist (Prospect Mortgage, LLC)


I prefer FSBO sites, but not real estate agency. Agents take commissions and it is cheaper that money to sell your property at FSBO site. I saw many sites, but I think Fizber was the best. There are many services that can help sellers and buyers like real estate forms at http://www.fizber.com/real-estate-forms.htm for sellers or http://schools.fizber.com/ for buyers.

07/16/2008 08:46 AM by Shumel


You may prefer FSBO sites but the average FSBo sale goes fro 16% less money than an agent handled sale. Also, many individuals end up with legal and financial issues because they do not have anyone who is knowledgable about the transaction assisting them.

07/16/2008 01:40 PM by ERIC TRAUTMANN (EXIT ASSOCIATES IN REAL ESTATE)


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Real Estate Agent: ERIC TRAUTMANN (EXIT ASSOCIATES IN REAL ESTATE)
ERIC TRAUTMANN
Boonton, NJ
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EXIT ASSOCIATES IN REAL ESTATE

Office Phone: (973) 917-4100 Ext.: 113
Cell Phone: (973) 222-0155
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A random collection of thoughts and ideas for real estate practioneers and home buyers and sellors.


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