Why I love Real Estate

By
Real Estate Sales Representative with RE/MAX Select R.E.

I'm a realtor not because it's a job, an income but because I truly enjoy looking at houses, meeting people and finding a good match. 

I like murder mysteries and go to several different murder mystery weekends (I highly recommend the one at the Grand Hotel in MI).  Finding the clues and tracking down the murderer....it's like finding the right home for a buyer.   

I remember vacationing on the WA coast and coming upon an abandoned hotel and restaurant, right on the beach.  I was fascinated.  I returned home and began to dig through records to figure out what was going on with this property.  Sure enough, it was for sale - not listed, though.  It was distressed and very cheap.  I couldn't afford it at the time and had no desire to start a hotel business on the coast, but I waa crazy trying to find someone to buy it.  Someone I knew had to buy it!!  It was too good of a deal to pass up.  I didn't find anyone but fortunately it was purchased and restored.  It's the Tokeland Hotel http://www.tokelandhotel.com/home.html  Finding great properties excites me and finding a perfect match is an adrenalin rush. 

There are a lot of folks that have watched too many late night infomercials and have become deluded to believe that they can get something for nothing.  We all want something for nothing, that's why we buy lotto tickets and go to auctions.  We want to find that stash of a million dollars hidden in the back of a cheap desk we bought at a garage sale for $5, and we believe in Santa.  

There are some good deals out there, especially now.  But there's a lot of competition,too.  I've gone to the free seminars that teach you how to buy a property and end up with $10,000 cash at closing.  I've stood on the courthouse steps bidding on foreclosed properties, and I've talked to many people about to lose thier homes because they can nolonger make the mortgage payments.  Everyone is talking about the upside down loans.  These are making good deals difficult to find.  I'll be blogging in down-to-earth terms about why these loans (foreclosures) make standing on courthouse steps a waste of time, Short sales are for the very patient, and Pre-foreclosures that aren't short sales are usually over priced.  So what's left?    ....hard to finance, great location-bad houses, boarded up, not for sale properties....etc.   I find them.

I have bought investment properties and have gone through the decision making process of determining what is a good deal, has potential and will increase in equity quickly.  Although I often want to buy more properties, I've found that I derive just as much pleasure finding a great house for a buyer, as I do finding a house for myself (and I don't have to pay property tax or work with contractors.)

I'm looking forward to sharing information in this format and hope that anyone who takes the time to read my blogs will gain in knowledge and $$.

Comments (6)

Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Welcome to Active Rain.  Congratulations on your first blog.  This is a terrific community for real estate professionals.  Virtually everyone will help you grow your business in one way or another.  This post is a summary of some of the blogs that helped me get started in AR.  I hope that you find something of value in it.  

Apr 03, 2008 02:45 PM
Dorene Shirley
The Mortgage & Property Connection - Campbell, CA
Silicon Valley Real Estate

Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

http://www.doreneshirley.com/

Apr 04, 2008 01:14 AM
Obeoman Glade Jones
www.obeo.com - Salt Lake City, UT

 

Connie!

Welcome to activerain! get ready to learn and laugh!

Stop by anytime you want to borrow some ideas!

 

Steve

Apr 05, 2008 03:53 AM
Obeoman Glade Jones
www.obeo.com - Salt Lake City, UT

 

Connie!

Welcome to activerain! get ready to learn and laugh!

Stop by anytime you want to borrow some ideas!

 

Steve

Apr 05, 2008 03:53 AM
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results
Connie - Colleen's welcome post sent me over here to say hello and welcome you to active|rain Hope you enjoy yor time here as much as I do.
Apr 05, 2008 05:13 AM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi Connie and welcome to AR. There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Apr 05, 2008 05:30 AM