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Market for the long run

By George Tars

Real Estate Broker/Owner with PalmHomes LLC

August 06, 2008 08:07 AM

Hi everyone

I believe with all this mess in the financing field real estate has at least another 2 years before it turns to normal. (what is normal --- in residential real estate a 5-6% annual appreciation). This is the time to extensively train and position ourselves in the market in such a way that when it turns we will be ready.

It is like the Triathlon athlete (i am a USAT member and participant) that trains for a race and concetrates into improving his endurance and stamina by doing long distance legs. In the process a lot of other real estate associates will drop off the race but eh "they were never in real estate because they cared for the community rather for their pockets".

Now is the time to hone our skills in "public speaking" , "video broadcasting", "writing" and any other activity that contributes to providing a better service to the public and our customers.

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Bob & Carolin Benjamin

Benjamin Realty LLC - Gold Canyon, AZ

East Phoenix Arizona Homes

Good post. Yes, we all need to work for the long run and not just for the immediate time.

Aug 06, 2008 08:22 AM

Stuart Dobson

eLoanRates.org - Thornton, CO

Hi George,

5-6% may be considered 'normal' for FL, but for the midwest and in Colorado, I think that 2-3% is more the norm. Of course when you factor in inflation, the leverage of real estate, and a PVIA factor I suppose that 5-6% may be achievable out here too. I hope so, lol

Stuart

Aug 06, 2008 08:23 AM

Dennis Autry

RE/MAX Choice Properties - Hendersonville, TN

I agree! I have a picture on the wall in my office that reads "The secret of success in life is to be ready for opportunity when it comes". I'm working on more education, designations and building sysytems while I currently have a little more time on my hands!

Aug 06, 2008 08:24 AM

Jimmy McCall

JimmyMcCall.com - Cunningham, TN

The Ex-Mortgage Consultant

George, You should add blogging to your list. Welcome to Active Rain and congratulations on your first blog post. Good luck and happy blogging.

Aug 06, 2008 08:38 AM

Billie Chubb

Chubb Realty Group - Wilmington, DE

Also now is the time to spend the money on advertising if you can afford it BECAUSE your competitors most likely will not be. A good businesss can still grow even in a declining market.

Aug 06, 2008 08:39 AM

Greg Steffens

Mountain Country Realty - Lake Arrowhead, CA

Hey George - Welcome to Active Rain and congrats on your first post. Be sure to spend some time looking around at how and what others are blogging here - it is a great education and lots of fun. Looks like you're off to a great start...keep it up!

Aug 06, 2008 09:11 AM

Greg Steffens

Mountain Country Realty - Lake Arrowhead, CA

Aug 06, 2008 09:11 AM

Lori Franks

Real Estate Consultant - Brookings, OR

Brookings, Oregon

Hello George and welcome to ActiveRain and congrats on your first post. I have heard a lot of folks projecting 2 years. I hope it's true....better than 7!

Aug 06, 2008 09:46 AM

William E. Lewis, Jr.

William E. Lewis, Jr. & Associates - Vero Beach, FL

Bill Lewis - Vero Beach, Florida

Welcome to Active Rain and congrats on your first post. Be sure to spend some time looking around at how and what others are blogging here - it is a great education and lots of fun. Looks like you're off to a great start...keep it up!

Aug 06, 2008 10:21 AM

Susan McQuaide

Keller Williams - Simpsonville, SC

Welcome to Active Rain! Hope you find this site as informative and entertaining as I have.

Aug 06, 2008 12:45 PM

Kevin Wood,

Keller Williams Southern Arizona - Tucson, AZ

Tucson, AZ Realtor

George,

Well said remarks regarding how we must improve our roles as community leaders in the areas of public speaking and such. Insightful!

Way to get the first one under your belt. I wish you the best of luck and look forward to reading your future blogs. This is an awesome place to learn and grow.

Aug 06, 2008 04:11 PM

Kirk Westervelt

Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC

Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

Aug 06, 2008 05:52 PM

Kevin Sandridge

Signature Home Funding - Winter Haven, FL

Winter Haven Mortgage Broker

Hi George!

Kevin Sandridge, here. I just joined the Active Rain community myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already. It's great to see another FL-Based colleague in the network! I'm not too far away - over here in Winter Haven, FL.

I'm very excited about this community - basically because folks seem so willing to help out, provide industry insight, and share their good news and experiences!

A couple of things:

One: Please increase the information on your profile page. Check out the profiles on other Realtor's sites here on Active Rain who are listed as "Featured" or "Tops" in their area (look for high point totals). You'll find that this will seriously boost your presence on ActiveRain - via the added points.

Two: I urge you to keep blogging on this site! You will be AMAZED at the awesome feedback you receive very soon after they hit the network! I use Google Reader to subscribe to blogs that provide me with ideas about what I'd like to comment on - both industry wise and just for fun! Check it out. I am more than willing to step you through the site and to help you get a few more blog posts generated if you wish - as a way of adding some value and paying forward some good networking vibes! :)

Lastly, I'm sure you know that 33% of the FHA Loan purchased homes last year used Downpayment Assistance Programs. Today, this number is way up - actually over 40% in the 1st five months of 2008! I'm actually hosting a conference call w/ the FL manager of Nehemiah on August 14th, if you'd like to learn more about DPAs and what's going on. Drop a line to let me know and I'll be sure you get on the call.

I do quite a lot of work via social networks, email campaigns, and relationship building. If I can ever be of any assistance, don't hesitate to ask.

Looking forward to what you'll share with us all here on Active Rain! :)

Blessings,

Kevin Sandridge

Winter Haven, FL

www.RealtySalesAlliance.com

Aug 06, 2008 06:13 PM

Sasha Miletic - Windsor Real Estate

RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi George, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash

PS: FREE blog traffic strategy video...Hope this will help you... click here

Aug 06, 2008 11:19 PM

Ron Martin

Keller Williams Realty - Spartanburg, SC

Ron Martin Team

Good Morning, This is my second day blogging and i'm enjoying it.

Ron

Aug 07, 2008 12:30 AM