How To Survive As An Estate Agent

By Author: elvina jake
Total Articles: 66
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It is a fact, the economic crisis is worldwide and has reached all corners of the world and is affecting all areas and economic sectors, inlcudingof course real estate. However, just as the causes are varied economic environment we are experiencing, there are several factors to consider which show a light at the end of the tunnel, however small. Consider first the main causes of this housing crisis. Westart point as the main culprit mortgage collapse in the United States. The so-called subprime mortgages, aimed at customers with poor credit, so the risk of default is much higher than any other credit. This made accessible speculative buying and selling markets that normally could not even buy a home, much less be investing money that did not have in real estate. Besides that the speculation was accompanied by high leverage, that is, out mortgages that, when sold, werecanceledto return to buy another home with a new mortgage, both unfunded hiptecaoperations through bridge. Put in simpler words, buyers invested imaginary money hoping to get real profits.

This frenzy of real estate investment led to an unprecedented increase ...
... in demand, and thus a rise in prices overvalued, and therefore the debt. This, in turn, resulted in the uncontrolled growth of supply, causing an increase in construction projects, condominiums, residential houses, etc..saturating the market with property prices inflated and unrealistic and over exceeding demand exceeded previously. To these causes we may add even more, such as globalization that affects not only the housing market, but virtually all markets, wiping out small and medium enterprises that are engulfed by large transnational corporations.And it is these same big corporations who have saturated the market for goods produced in series and in such quantities that have exceeded the demand of consumers, although they insist (and to some extent have done successfully) to become a society consumerism and pragmatic, which only account you have and how much you have, buying regardless of whether necessary or not.

I could go on more grounds, but I deviate from the topic Now we analyzethe factors that can help us overcome the current situation and make it through the tunnel. We must not forget one very important point is that real estate has always been and will remain a good investment, for the simple fact of being a commodity and does not deteriorate over time (in the case of vacant land , but even those with construction if given proper maintenance and improvements), in addition to the need for housing continues to grow, and for those privileged to live in coastal areas, the number of beaches in the world is limited, which limits supply and increases demand. Regardless of the current situation, the housing market always recover, a matter of time. The problem we really should matter is how long this recovery will take and prepare to weather this period. In addition, there will always be buyers and investors looking for the best opportunity, the best investment, best price.

Which brings us to the obvious and only solution possible in the short term, simple and trite as it may seem: lower property prices and who will win the first lower long-term, as prices will inevitably go down and will drop. And those who began the descent will be those who have had to lose less and have the opportunity to reinvest their money, either in other markets that are at a lower point of the slope, or wait until prices fall further the same market. As Realtors, it's time to convince their customerssellers who really want to sell, to lower their prices significantly to attract property investors who are waiting. And also, it's time to draw on the client investors who are hunting for a good opportunity, a good deal, the best possible price. Unfortunately, there is a good time for those just starting in the career of real estate agent, because the competition is hard and few customers. But those who know how to use these two factors can not only overcome the crisis, but even could benefit by it.

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