|
Search By Address
Join Newsletter:
Articles
Links
|
Roller Coaster Now Coming To An End!
The buying frenzy of 2005 was a roller coaster ride for Realtors with peaks and pitfalls that never seemed to end. How can Realtors survive when good homes are being crushed with neighboring foreclosures and short sales? Questions like this are difficult to answer when the light at the end of the tunnel is hardly visible; however there is an option that many top Realtors are resorting to and it has secretly been known as the Dark Horse of Real Estate Industry. Realtors find themselves in a position of “NO ADVICE”, “NO LISTING” and “NO POSSIBLE SALE” when the home is currently worth less than what is owed and the owner does not want to settle for a short sale or foreclosure.
What does the seller do if they must move even though financially they would write a check for tens of thousands of dollars to leave? Top Realtors are leading their Sellers to licensed Property Management companies such as Golba Group Property Management which during good times are quietly called the Dark Horse of the Real Estate Industry. Property Management has been ridiculed for many years and many Realtors ask themselves “Who would ever want to do that?” However, the Dark Horse has now become the Knight in Shining Armor.
Property Management companies may not be the only solution, but let me explain how it has been a viable solution for many sellers and the Realtors pocketbook. By the Seller carefully choosing a licensed Property Management company, the management company can find qualified residents to rent the home and relieve the seller of their deep monthly mortgage payments. Most sellers are not investors, so the idea of Property Management is worrisome to say the least, but in many cases it is the best resolve to the situation. The owners are now able to move due to their monthly mortgage expenses being drastically reduced and in many cases eliminated. In today’s Property Management industry, it is not uncommon for a resident to stay multiple terms (3 years or more) and that term may allow the property to be vacated during a time when foreclosures and short sales are a thing of the past. When the market has changed and the seller is ready, the non-competing Property Management Company will send the seller back to the Realtor, thus allowing the property to be sold at a greater market value than before. Top Realtors have been benefiting from such arrangements for the simple fact that they will be selling the home at an increased value and receiving larger commissions accordingly. For this formula to work, it is imperative that the seller be affiliated with a licensed Property Management Company like Golba Group Property Management that has proven longevity in the industry and has the experience and guidance necessary to transition a seller into a real estate investor and then back again to being a seller.
During these economic times everyone has been changing their thought process. However, during these times, it has been easy to remain short sale sighted. Begin strategizing your future sales and realize that a delayed sale would benefit you and your seller even greater. Top Realtors have been praised by sellers for suggesting this path and assisting with the rental process. In return, Realtors have gained allegiance from the seller with a long list of referrals. Start 2010 by finding a licensed Property Management Company that has a good longstanding reputation in the industry and will work with you and your clients as a team to become more educated about Property Management, the Knights in Shining Armor.
---------------------------------
|
| |
|
|
|
|
|
|
|
