Dec 07

When I finished my active sales career at the end of the 90s, the trend from a 7% fee to the 6% fee was well entrenched. Most areas were moving rapidly to a lower fee structure, while I was still taking plenty of listings and sales at a higher fee structure, plus a processing fee of $495.00. I already had belief in my value and could defend it to the open marketplace.

Due to the robust sales in that time, the consumers’ perception of the ease of selling property, and the rise in sales prices; the lowering of our fee structure had accelerated. Given the reduced level of risk we, as agents, assumed in a marketplace where everything sold quickly and easily (even garnering multiple offers), one could understand the downward pressure on fees. The challenge was that once a fee structure or commission structure trends a certain direction, it won’t go back to a higher level.

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Dec 04

We often talk about the necessity of job creation to a housing recovery, and last month produced good news on the countrys unemployment rate. Whether that will benefit the Chicago real estate market remains to be seen.

The Labor Department announced Friday that the November 2011 unemployment rate dropped to 8.6 percent, the lowest level in two-and-a-half years.

The last time the rate was this low was in March of 2009, two months after Barack Obama was sworn into office as President of the United States.

The country created 120,000 jobs last month and has added 100,000 or more jobs for five months in a row. The last time that happened was in April of 2006, before the recession hit our economy.

The biggest U.S. job increases in November occurred in the retail, restaurant and bar categories, likely because of the holiday season.

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Tags: Rate, Unemployment Rate

Dec 01

finding a tenantMany investors are not interested in becoming an owner, but unfortunately, unless they have another source of income, but investing in real estate requires financial support from somewhere. Investors who are not open to become an owner can lose money. You need to know how to find a suitable tenant and how to manage the property effectively. Even a person who wants to move out may need to find a tenant with tenanthunter.com, because breaking the lease is a costly idea with penalty fees up to $ 5000.

Scanning tenants is probably the most important thing you can do to save you time and money.

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Tags: Finding a tenant

Nov 11

A real estate syndicator is not much different from being a real estate or business broker. You’re out there to find deals for your investors and to make a return on the contract assignment, so your start-up cost is relatively low.

To get started as a wholesale syndicator, you need to network and develop relationships with a network of wholesale investors. Here are a few steps to getting started:

1. Find the investors first. Take my advice. This is the very first step – you absolutely need to build this list before you start going after properties.

2. Determine your targets from your buyers list. You

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