After a two week hiatus, I am back to blogging. This week I am at my company retreat in West Indies, Nevis and it has caused me to take a look at real estate onthe international level and if there is a way Carter Ware Group can potentially look at gaining a share of this market. It also helps since it is 85 degrees here and 10 degrees at home in Chicago, it would advantageous to at least work on a project during the cold winter months. As I have only two days left here, it has caused me to wonder:
What would it take for a real estate company to break into the international market in today's financial climate?
Wednesday, December 17, 2008
Monday, December 1, 2008
Today's New Market
In the current state of the economy those of us in the real estate industry need a big boost of confidence. We are viewed by our clients and customers as neighborhood experts, real estate experts, to get sage advice and, mostly, to hear something different than what is being fed to them daily. What should we tell our clients: To answer this question, plan on telling the TRUTH!
Here are some facts: Interest rates depending on credit scores for a 30-year-fixed mortgage are at 5.9% to 7.2% (source: Bankrate.com). There is a ton of inventory to choose from; and prices are extremely competitive. We should all take a page out of the stock market: buy low and sell high. This applies to everything including real estate.
Is there a credit crunch? Yes! But it doesn’t mean there is no money because real estate closings are happening; it just means buyers have to work a little harder and should have a down payment (at least 3.5% for FHA loans). There are opportunities in short sales and foreclosures which can pose a challenge, but they are also great opportunities. For the sellers, here’s an opportunity to make your place not only competitive when you price the home; but also with some staging, it can stand out on its own. Here’s an opportunity to work with past clients who are at-risk and help them stay in their homes; for this too shall pass.
Today’s marketplace it’s all about LET’S MAKE A DEAL!
Here are some facts: Interest rates depending on credit scores for a 30-year-fixed mortgage are at 5.9% to 7.2% (source: Bankrate.com). There is a ton of inventory to choose from; and prices are extremely competitive. We should all take a page out of the stock market: buy low and sell high. This applies to everything including real estate.
Is there a credit crunch? Yes! But it doesn’t mean there is no money because real estate closings are happening; it just means buyers have to work a little harder and should have a down payment (at least 3.5% for FHA loans). There are opportunities in short sales and foreclosures which can pose a challenge, but they are also great opportunities. For the sellers, here’s an opportunity to make your place not only competitive when you price the home; but also with some staging, it can stand out on its own. Here’s an opportunity to work with past clients who are at-risk and help them stay in their homes; for this too shall pass.
Today’s marketplace it’s all about LET’S MAKE A DEAL!
Welcome
Greetings and Salutations! I am excited as this is the first post to the Carter Ware Group's blog and can't wait to share various topics as they relate to the real estate business.
I would like to invite all to participate and recommend topics that you feel may be of interest to you and say welcome. Stay tuned .......
Monday, July 7, 2008
Welcome to the Carter Ware Group Blog
As you can tell, we just redesigned our web site and are in the process of adding a blog. Check back soon!
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