A New Beginning

By
Real Estate Agent with Calcagni Associates

Good Day All,

After two decades in the Real Estate business, I have had the pleasure of working with many different people, companies, and agents. 

Now, as our area of the country(CT), goes through another softening in the market, it has dawned on me that I have seen this all before.  During the early part of my career, CT saw a major move up in the real estate values.  Followed shortly there after by a major (very) settling of the values....recession...Housing prices dropped, many owners lost thier home and those that did not figured out that there was a very large hill to climb to get back to a level of value that would see them wiith a profit...during that time I saw my business go from helping excited buyers into a home and give them the American Dream...to a the opportunity to help excited investors rap a small fortune in purchasing bank foreclosures rehab them ..rent them out....and then sell them as the market returned.

Now, here we are a decade later...we here in CT as well as many other places across this great land, have seen most home gain about 100 % or more in value over the last 6 + years...NOW we have seen the banking business go head over heals as they stumbled and here we go again..I now am back into full foreclosure mode...working with the banks...listing the foreclosures...finding the Investors..selling these...and discussing with these wonderful people..when we should consider discussing the listing of these properties.

I love this business...NEVEr a lack of opportunities to make a living....

Comments (9)

Anonymous
Jason Opland
Ho have you gone about cultivating your relationships with the banks you serve and how did you secure their business? My business is primarily focused to the luxury market however, as I'm sure is also the case in your own market we are seeing foreclosures in all price points and I'd very much like to acquire some of these foreclosure listings. Your insight would be very much appreciated! 
Nov 03, 2007 02:29 PM
#1
Gail Gladstone
Gladstone Group & Long Island Business Brokerage - Huntington, NY
Brokering Success

Being a successful Realtor requires constantly reinventing yourself in anticipation of the coming market.

Nov 03, 2007 02:31 PM
Anonymous
Jason
This is a process that takes a long time and lot's of work.  Mostly I started back in the early 90's with BPO's and got lucky one day when I was requested to take on a property.  This time around I put my self out there again and earned my reputation with the banks and the banks contacts.  The lenders like to work with those who have experience...I would suggest getting in with the BPO companies ..this will come around again...we americans do not learn that quickly
Nov 03, 2007 02:50 PM
#3
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
Hi jay...I am glad to hear you (read that is) say that, I spoke to an agent who said she had been in the business for 25 years, and had not seen it this bad but I find that hard to believe....what goes up must come down..
Nov 03, 2007 03:12 PM
Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876
Hi Jay

I see this is your first post on Active Rain.  Congratulations!!  I just wanted to welcome you to a fantastic Real Estate Industry Network!  Welcome aboard, I hope you'll continue to blog, and invite others.  Wishing you all the best here and in your business.

Below are some useful sites and groups you may want to visit right away: You can also use the “search” feature to find almost anything on Active Rain.

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I hope you'll find these to be useful tools in helping you get started here on Active Rain.  You will meet many wonderful people here!! Again, welcome to Active Rain, the best place to start your Blog!

Good Luck to you and your business!
Nov 03, 2007 04:28 PM
Jason Smith
DreamDirt Auction - Mondamin, IA

Hi Jay and welcome to ActiveRain.  You'll love it here so keep up the good work.

Nov 03, 2007 05:00 PM
Leo Namiot - LeoLends.com
Canopy Mortgage - Leo Namiot - Saint Augustine, FL
More than just great rates

Hello Jay,

      Welcome to active rain, it's a great online community, Enjoy!  Congrats on your first post here, keep them coming!

Leo Namiot

Benchmark Mortgage - Connecticut

www.BenchmarkCT.com

Nov 03, 2007 11:28 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation
Welcome to ActiveRain, Jay.  I know this is your first post, but why not jump in with both feet and join in one of the current ongoing contests.  If you can't find them, just email me.  Two have deadlines tomorrow, and one is Friday.
Nov 13, 2007 01:29 PM