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Why I left REO
Bank owned REO was a good niche for me. I understood it from the beginning because I was learning the loan business during the last mortgage crisis in the 1980′s . . . It was a mess, and I had a front-row seat. Nearly 20 years later, that experience naturally lead me to the world of REO brokerage. I got in several years early, so I was ready.
DetailsI’ve earned my pin | negotiation
Through the years, I’ve learned that the one aspect of real estate that really sends folks around the bend is contract negotiation. There’s something about asking for what you want, and denying what “the other guy” wants, that just gets people all aflutter, and causes them to do things that are not necessarily in their best interest.
DetailsRenew and regrow | find a home
The process we all go through to find a home and sell real estate has changed, indeed, and I must admit that I like it better now. Today, our clients are likely to come to us already armed with a ton of knowledge that they have gleaned from the internet.
DetailsMarch snapshot | real estate market conditions
The real estate market is still crazy. Inventory is creeping up slowly — and that’s a good thing — but last month we sold over 50% more properties than we did in February, so we cut deeply into what little inventory we had. Right now, we have less than a five-week supply of homes for sale.
DetailsThis real estate market is crazy!
So what is the absorption rate telling us right now? Mostly that the real estate market is crazy right now. Based on the most recent calculations, it will take well less than two months to completely wipe up — to absorb — all the current listings. In Highlands Ranch and Lone Tree, where there are less than 200 active listings, it will take just over a month to sop everything up.
DetailsReview, revamp and resolve
It did get me thinking, though, about what I am really trying to accomplish here. On the one hand, my goal with blogging is to give you information as an introduction of sorts into the world of real estate. Some of what I was trying to say was to help you understand the nuts-and-bolts of the business, and some was to give you an insight into the day-to-day reality of a real estate transaction.
DetailsLabor Day | real estate
It’s still good, though, to stop every once in a while and just take a day off. I hope you can do that this weekend. I’ll be back next week to resume our regularly-scheduled programming.
DetailsWell, goodness. | real estate
Sometimes, though, the steady stream of potential clients becomes a veritable flood. When that happens, because there are not enough hours in the day, the time available must be allocated to clients and known potential clients.
DetailsReal estate market conditions: July 18, 2012
Is it any wonder multiple offers are becoming the topic of the day, and rising prices are starting to be seen across the country?
DetailsReal estate market conditions: June 4, 2012
Real estate market conditions continue to show signs of strength, nationally and locally, although there [...]
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