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Real Estate 101 - The Series continues...Your Sphere

By
Managing Real Estate Broker with Howard Hanna Real Estate Services

Here's another in my series of ramblings that I hope will give you some ideas to increase your business - enjoy.

I like mailing to my sphere, but it's important to first earn the right to ask for their business. Here's how, always give them something of value to use or share with their friends.

These days everyone hears so much about how bad the market is, but no one talks about how good it is relative to those of years ago.  Everything is relative and things aren't as bad as they seems. Let me tell you why...

There are three things you should tell everyone you know and tell your sphere in a series of letters. This market is great, and it's great for three target markets.

First-time buyers. Interest rates are low, in some cases historically low. For young families with good credit this is a great time buy their first home. With low rates and sellers in many markets pretty eager to sell, as well as a growing inventory of short sales and foreclosures; it's a great time to get a great deal on an investment of a lifetime.

Move up buyers. Now is a great time to go after the home of your dreams. Low interest rates combined with a lot of pressure on the upper ranges of most markets, and still a pretty good demand for low and mid range priced homes, make for a perfect time to move up. Let's say you live in a modest $150,000 home. Selling that price home shouldn't be too difficult, but sellers of homes in the $300,000 price range are now getting more and more flexible. This puts move up buyers in the driver's seat.

Investors, even first time investors. A growing number of short sales and foreclosures are making this a great time for first time

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

My sphere has been good to me this year.  Its a must to be in contact with them.

Nov 08, 2008 03:45 AM
Rich Mielke
REMAX Results, Frederick MD - Frederick, MD
REALTOR, Frederick Maryland Real Estate

Jim, there are opportunities for buyers in the three areas that you mention. Thanks for sharing this with us. Don't forget to tell those first time buyers about the $7500 tax credit they may well qualify for.

Nov 08, 2008 03:46 AM
Sherry Lee Cox
Platinum Properties - Paso Robles, CA

You are so right, Jim.  Our market in Paso Robles, Ca is popping in the $275 - $500,000 range and particularly under $400,000.  This is definitely the best time I have seen for first-time home buyers...

Nov 08, 2008 04:00 AM
Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

Jim:

 

You are right, I like the info you have in your blog and will use it. Thanks.

Nov 08, 2008 04:10 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Thoughtful post -- appreciated.    You're absolutely right, too -- those are the three areas that are viable.

Nov 08, 2008 05:05 AM
Joddie Roberts
Mountain Real Estate and Property Management - Spokane, WA
Your Spokane Realtor - Spokane, WA

Jim ~ I think if we can't say something positive we shouldn't say anything at all!  My newsletters are always focused on the good....

Nov 12, 2008 05:01 PM