A resource for real estate agents, brokers, buyers, sellers, and people interested in the most up-to-date real estate information.

Browsing Posts tagged market

HouseHunt.com takes great pleasure in sharing the success of our agents who are thriving thanks, in part, to our unique System for Success with their exclusive territory.

A Great Start

Troy Jensen is a Keller Williams agent who became a member on February 27, 2009 by picking up Salmon Creek, WA and Ridgefield, Felida & La Center, WA.

Troy began getting leads as usual while his websites went through production. The great news is that one of those leads was a buyer ready to move forward immediately.

Troy put that buyer in escrow exactly one month after signing up with our service.

Still in the beginning stages, Troy already has one deal under his belt and is more motivated than ever to succeed.

Surprising Sale in California

Keller Williams agent Melody Russell is no stranger to success and doing deals with HouseHunt. She has done very well working HouseHunt leads and this story is one more to her credit.

Melody shared with us that she received a buyer lead that listed $300K as their maximum price range. That’s lower than average in the Santa Cruz County, CA area Melody works, but Melody works every lead the same and stuck with this person for nine months.

The end result was the purchase of a $1.25 million dollar house. He was a cash buyer! That means the transaction will close in 11 total days because no financing is needed.

Furthermore, the buyer explained to Melody that after the deal closes, he wants to search for investment properties with her. This is all a great testament to the quality of HouseHunt’s leads, perseverance paying off, and never judging a book by its cover!

“Sitting back while our local consumers are pounded with national information – which may not present a true picture of our area – is not an option,” says the Metropolitan Consolidated Association of Realtors

Realtors nationwide are struggling to convince buyers that now is the right time to purchase a home. But with the media blitz of “doom and despair,” how can a real estate agent compete? In addition to pounding the pavement and building a database of buyers and potential sellers, Realtors should take a more aggressive approach in letting people know about their local market. Member agents of HouseHunt.com are quickly updating their Market Conditions Reports, in anticipation of the spring market (which begings on 3/20/09). With many Realtors reporting positives in their market such as More Buyers than Sellers and Sellers getting 95-100% of their asking price, buyers can make an educated decision on purchasing a home, even in today’s market. Local Market Condition Reports from Realtors nationwide can be found HERE.

In addition to marketing current local trends, Realtors can use a “Cost of Waiting Analysis” method to help a buyer “on the fence.” John Davis of Silverstar Finance, recently did a CWA for the Huntington Beach area. “I did a little research on the overall affordability of a home in Huntington Beach based on median price and average interest rate for a well qualified buyer. I based it on just two years ago, from Q1 2007 to Q1 2009. Here’s what I found:

2007 – $768,000, 6.25% rate, 20% down payment (74 DOM) generated a $3,783 principal and interest payment.

2009 – $595,000, 5.25% rate, 20% down payment (84 DOM) generated a $2,628 principal and interest payment.

That’s a 30% drop in payment!

I’ve shared with you in the past that every time I’ve run a ‘Cost of Waiting Analysis’ that assumes a 10% value drop and a corresponding 1% increase in interest rate, your buyer is better off to buy now, even given the future value drop.”

Consumers should view their local real estate agent as the greatest source of information regarding the real estate market, and not base their buying and selling decisions on what the national media is reporting. It’s up to the 1.5 million Realtors nationwide to take back the minds of the consumers.

OK… so we’ve heard all the reasons why you don’t want to invest in your real estate career at the moment. You have to cut your advertising budget; you’ll wait until the market turns around; other lead generators don’t live up to their hype; so on and so on… Of course, there’s one question that you need to ask yourself: Where are you going to get your business from?! With a HouseHunt.com exclusive territory, the answer is simple: We do the prospecting… you collect the commission checks! Click here to see if your territory is available.

“I closed TWO properties yesterday, both of them were buyer leads form my HouseHunt website. Between the two of them, my total commission was $19,500! I thank God for my HouseHunt website everyday!!” – Marney Weaver, RE/MAX South Shore Realty, Fish Hawk, FL

A HouseHunt.com exclusive territory is different than anything else available for agents wanting to secure a long-term successful career that will thrive regardless of market’s status. Your exclusive territory is an all-inclusive real estate tool that provides you with everything an agent needs: professional training, a fully optimized website that’s part of a 30,000+ page network, and much more! Best of all, a HouseHunt.com exclusive territory provides the two most important things for any agents: leads, and a state of the art system to effectively manage those leads! Click here to see if your territory is available.

HouseHunt.com’s nationwide network of exclusive territories generates a lead, on average, every 14 seconds!

HouseHunt.com’s unique Total Internet Marketing system allows agents to set up each individual prospect on a personalized automated marketing campaign!

The average HouseHunt.com member agent has reported to earn an additional $70,000 per year on average from HouseHunt.com related leads! HouseHunt.com Hall of Fame members report earnings in excess of $500,000! Click here to see if your territory is available.

So now, the only question is… Can you afford not to invest in your future?

It shouldn’t surprise anyone that when the real estate market gets tough, the agents who can’t adapt and evolve their business drop out in huge numbers across the country.

A recent article by David Pendered from The Atlanta Journal-Constitution discusses this trend and looks specifically at the Georgia market as agents are dropping out of the business.

The party’s over, and thousands of Georgia’s real estate sales agents are going home.

The decline of agents is the largest since the sales force hit a record high in 2007. The number of active agents has fallen by 6,131, or 5.9 percent, according to the Georgia Real Estate Commission, which licenses agents.

Their departure is expected as the days of easy sales — and commissions — fade into history…

The rest of the artice can be read HERE.

With a HouseHunt.com exclusive territory, an agent doesn’t need to worry about where their business is going to come from. In fact, our nationwide network is setting record numbers for the amount of leads we’re generating for our thousands of agents across the country.

As many real estate agents across the country know, we’re heading into one of the biggest times of the year for home sales. As prices continue to drop, more and more buyers are anxiously gathering along the sidelines. These are first-time buyers, second-home buyers, luxury buyers, move up buyers, and so on.

When these buyers jump into the market, it’s going to be the HouseHunt.com agent who will collect the commission checks! All the agents dropping out right now are missing out on a potential fortune.