This will be my last post at this blog.
Come visit me at my new blog: http://jackbergstrom.com
Blogger was a great place to start and I will continue to grow my knowledge of blogging on that platform, but for me, WordPress and hosting my own blog on my own domain was the way to go.
All 4 of the Blogs that I formerly updated on Blogger will be represented on my own site now, as well as lots of new information on new topics.
What a hoot! Come visit me!
See you there,
Jack
Sunday, July 15, 2007
Monday, June 18, 2007
It Takes Smarter Work Now
Wow! Everyday there is more news about formerly hot Real Estate markets around the country imploding. Miami, San Diego, Las Vegas...these markets are rapidly approaching or exceeding the foreclosure rate in Colorado. What does that mean for the Boulder County Real Estate market in Colorado? Even more downward pressure on prices! And what does that mean? You and your Realtor have got to work smarter now than almost any time that I have seen in Colorado, and I have been involved in Real Estate now since July of 1978.
Do you need to sell a home and move? You and your Realtor have got to be very smart in how you market a property in this market, if you care about getting the best possible price and perhaps even getting it sold!
Do you need to buy a home? You and your Realtor have got to be very smart in buying, or deciding if you even should buy...so that you can sell again if you must!
More next time...Jack
Do you need to sell a home and move? You and your Realtor have got to be very smart in how you market a property in this market, if you care about getting the best possible price and perhaps even getting it sold!
Do you need to buy a home? You and your Realtor have got to be very smart in buying, or deciding if you even should buy...so that you can sell again if you must!
More next time...Jack
Tuesday, May 22, 2007
The Top 50 Buyer Agent Realtors
So what is a great way for your Realtor to sell your house? How about marketing directly to the top Realtors that represent buyers in Boulder County? There are over 1000 Realtors here in Boulder County trying to sell Real Estate. The average Realtor in Boulder County will be involved in just around 3 transactions in an average year. The MLS will be the only functional way to reach these "Low Volume" Realtors and that is fine. One of them might actually bring a buyer that will purchase your home. Let's look at a more effective technique.
A really effective way to market your home, with the efforts of your Realtor, is to focus on directly marketing to the top 50 Realtors in Boulder County, that represent buyers. These 50 will account for nearly 80% of all the buyer transactions and if you focus your marketing efforts here, it can be extremely effective.
More about this next time...Jack
A really effective way to market your home, with the efforts of your Realtor, is to focus on directly marketing to the top 50 Realtors in Boulder County, that represent buyers. These 50 will account for nearly 80% of all the buyer transactions and if you focus your marketing efforts here, it can be extremely effective.
More about this next time...Jack
Monday, May 21, 2007
Real Estate Investment Clubs
Do you dream of being a Real Estate investor in Boulder, Colorado? You can and it is a great goal. What is a wonderful way of starting on this path? Joining or creating a great Real Estate Investment Club.
A typical club will meet 2 to 4 times monthly and will do lots of things for you: 1) Provide you with regular Real Estate Investment training 2) Let you network with other Real Estate Investors 3) Connect you with potential Real Estate Investment partners 4) Provide you with a great source for quality contractors and repair people and most importantly 5) Keep you motivated.
Where do you find these clubs? I would start with Craigslist online.
Bye for now...Jack
A typical club will meet 2 to 4 times monthly and will do lots of things for you: 1) Provide you with regular Real Estate Investment training 2) Let you network with other Real Estate Investors 3) Connect you with potential Real Estate Investment partners 4) Provide you with a great source for quality contractors and repair people and most importantly 5) Keep you motivated.
Where do you find these clubs? I would start with Craigslist online.
Bye for now...Jack
Thursday, May 17, 2007
How Realtors Sell Your Home
I have been involved in the Real Estate business for nearly 30 years. This is how the vast majority of Realtors will market your property. "The Three Ps". So what are the Three Ps? Put up a sign, put it in the MLS and Pray. In a hot market, this system will work just fine. In the market that we currently face in Colorado, it may or may not work. I am always wary of any system for selling that depends heavily upon divine intervention. There are other techniques and we will talk about them.
Bye for now...Jack
Bye for now...Jack
Thursday, May 10, 2007
Rent or Buy?
I have talked myself out of at least 6 deals in the past 18 months here in Colorado. Why? Because it was the right thing to do. In a declining market, which condos surely have been in much of Boulder County, it doesn't make sense to buy a condo...at least it doesn't make sense for lots of people.
If they aren't planning on staying for a least a few years, these days I would say 4 to 5 years or longer, they might easily find themselves needing to bring money to the closing table just to walk away from their condo. Does this sound terrible? It should and it is the reason that Colorado spent so many months as the foreclosure capitol of America. More Realtors should have spent more time talking people out of buying.
Bye for now...Jack
If they aren't planning on staying for a least a few years, these days I would say 4 to 5 years or longer, they might easily find themselves needing to bring money to the closing table just to walk away from their condo. Does this sound terrible? It should and it is the reason that Colorado spent so many months as the foreclosure capitol of America. More Realtors should have spent more time talking people out of buying.
Bye for now...Jack
Monday, April 30, 2007
Should You Become a Realtor?
Do I think you should become a Realtor? For investment purposes yes, I think that is worth the effort. Just by paying yourself the commission on the buy side and avoiding the MLS split, you can get nearly a 6% increase in your initial and final equity position in a property. So yes, for investment purposes, this is worthwhile.
Will you be an expert in Real Estate because you took a 6 week course and passed the test to become a broker associate? No, you won't. You will know just enough to be dangerous to yourself, but that is okay. Don't actually do anything without talking to your Managing Broker, which you will need to find for at least 2 years anyhow.
More later about becoming a Realtor for investment purposes...it is certainly initially why I became a Realtor.
Bye for now...Jack
Will you be an expert in Real Estate because you took a 6 week course and passed the test to become a broker associate? No, you won't. You will know just enough to be dangerous to yourself, but that is okay. Don't actually do anything without talking to your Managing Broker, which you will need to find for at least 2 years anyhow.
More later about becoming a Realtor for investment purposes...it is certainly initially why I became a Realtor.
Bye for now...Jack
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