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

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

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

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