I am fairly lucky investor to have a very good seasoned broker who does spend time with me. I recently have been looking in far away areas to invest in and had to look for another agent.
Every time you start investing in a new market it requires a lot of research. The best way to learn that market is to find some one that deals in that market everyday and actually lives there. A real estate agent can provide all of that information for you. The tougher part is to find the right agent for your particular needs. I have noticed that recently it has become a lot harder to even get a hold of one.
I sat down with my agent to find out why most of the agents do not respond back. she basically told me that she spends all of her time getting the bank owned properties ready to list like most the agents out there. The bank not only require initial setup time but reoccurring time and continuing updates on all their properties. Every agent out there has such a large inventory and are beginning to hire more help to stay to just stay on top.
It is getting to the point that these real estate offices just keep on getting a larger and larger inventory of listings without selling anything. It almost seems like they like to accumulate the darn things.
All of the real estate offices around me just keep on getting more listings from the banks every week. If they could at least sell a few here there that wouldn't be bad. If they are lucky they can sell a couple in a month at most.
I have to say that these real estate agents are probably going insane with all the work from the banks. In some areas the banks are trying to move their inventories by discounting them by high percentages. In other areas they won't even discount them at all. They out right will not even open the lines of negotiating without getting their asking price. What are these banks thinking?
Eventually the banks will have to break on their prices and the housing market will start moving again. At that point I guess the agent's hard work will hopefully pay off in the end.
In most areas the banks will eventually have to lower their prices to get rid of their inventory.If the agents can stay alive to this point it would have not been in vain.
In the past number of years the number of real estate agents increased exponentially. Anyone could practically make money selling real estate. I am still finding a lot of great real estate agents out there it is just taking more time and work to achieve.
Every time you start investing in a new market it requires a lot of research. The best way to learn that market is to find some one that deals in that market everyday and actually lives there. A real estate agent can provide all of that information for you. The tougher part is to find the right agent for your particular needs. I have noticed that recently it has become a lot harder to even get a hold of one.
I sat down with my agent to find out why most of the agents do not respond back. she basically told me that she spends all of her time getting the bank owned properties ready to list like most the agents out there. The bank not only require initial setup time but reoccurring time and continuing updates on all their properties. Every agent out there has such a large inventory and are beginning to hire more help to stay to just stay on top.
It is getting to the point that these real estate offices just keep on getting a larger and larger inventory of listings without selling anything. It almost seems like they like to accumulate the darn things.
All of the real estate offices around me just keep on getting more listings from the banks every week. If they could at least sell a few here there that wouldn't be bad. If they are lucky they can sell a couple in a month at most.
I have to say that these real estate agents are probably going insane with all the work from the banks. In some areas the banks are trying to move their inventories by discounting them by high percentages. In other areas they won't even discount them at all. They out right will not even open the lines of negotiating without getting their asking price. What are these banks thinking?
Eventually the banks will have to break on their prices and the housing market will start moving again. At that point I guess the agent's hard work will hopefully pay off in the end.
In most areas the banks will eventually have to lower their prices to get rid of their inventory.If the agents can stay alive to this point it would have not been in vain.
In the past number of years the number of real estate agents increased exponentially. Anyone could practically make money selling real estate. I am still finding a lot of great real estate agents out there it is just taking more time and work to achieve.
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