Experts View of the future of Real Estate
As I read articles about the future of the Real Estate business, things seem to be looking good
Danielle Hale, realtor.com chief economist: We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels. While we expect mortgage rates to tick up gradually, sales and price growth will be propelled by still strong demand, a recovering economy, and still low mortgage rates. High buyer demand and still-lagging supply will keep prices growing, but at a slower pace than 2020 as buyers contend with mortgage rate and price increases that create affordability challenges. (read full article on Forbes.com)
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This is all great news for sellers and many Realtors. Realtors are working hard to get the buyers in the doors of newly listed property and then writing very competitive offers ,often going over the asking price. Buyers are being very aggressive when possible, waiving home inspections, offering large down payments (to strengthen their offer) and in some cases paying in cash when possible.
It is an exciting time to begin a career in real estate. Although, it is not difficult to become a Realtor it takes focus and professionalism to build a business and to make unlimited income. Very little money needs to be invested. However, time spent in training at the right brokerage is key. You see many brokers will teach you how to sell a house but only one that I know if teaches the associates how to build a big business. That is Keller Williams Realty.
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