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Buying or Selling a Home/help in a poor economy
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Question
I would desperately like your advice on how to pick up my business in a market that has been hit hard by the economy. We haven't seen it this bad since 1980 and experts don't see it getting better until 2008. I need a marketing edge in the residential market but am at a loss. I am at my last rope and I really don't want to give this up. Thank you.
Hi Cynthia,
I feel your pain with the housing market slowdown. My best advice is hang in there if you can. The housing market, like everything else, is cyclical and will get better. If you can weather the storm, there will be a lot less agent competition on the other side. Concentrate on your sphere of influence (i.e- family, friends, and business contacts). These people tend to be more understanding and patient with you, as you try to sell their home. Try and pitch to as many buyers as you can. With a soft market, now is a great time to be a buyer because you get so much to choose from and a great deal on the purchase price.
Personally I have started buying as many properties/investments as I can. History tells us, the market will rebound and I will be first in line to take advantage of that.
Hope that helps, and best of luck in your real estate career!
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Answers by Expert:
- Dick Dennis
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- Hans Weber, Licensed Broker Associate
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- John
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- Marvin G. Bobbitt, III
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- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
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- Tim Norris
Jay Denit
Expertise
I'm a Real Estate Broker/Loan Consultant in the state of Colorado. We have a separate foreclosure investing company, so I'm more than willing to answer any Colorado foreclosure questions for both the home owner and investor. I have sold bank owned homes all across the country for all of the big banks. I'd be happy to answer any questions about buying or selling residential homes and specialize in luxury estates. Furthermore, I have some experience in land acquisition and development and know a touch about water rights. We are a licensed lender in most states, so I can answer general questions about all types of mortgages.
Experience
My experience is really anything that has to do with real estate. From buying and selling to investing and foreclosure, I’ve done it all. Being able to handle the acquisition and financing under one roof gives me the intimate knowledge of all facets of property conveyance. My foreclosure/bank owned property (REO) experience gives me the problem solving mindset to always find a solution.
Organizations
BARA- Boulder Association of Realtors
NAR- National Association of Realtors
CAR- Colorado Association of Realtors
Education/Credentials
Xavier University-- BSBA Finance
Colorado State University-- Professional Certificate in Project Management
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