The Flip Board

For the uninitiated, a real estate broker is one (or a firm) who acts as mediator between sellers and buyers of real estate.  They also market and put together deals.  Hmm… If you are a good RE Broker, then chances are you are very affleunt and handle very exclusive accounts.

Or, you are a newbie who is trying to break into the real estate market by not actually purchasing any real estate.

It sounds to me that brokers do nothing outside of what an experienced RE investor can do on their own. So, why do we have brokers? When real estate companies wish to capitalize on fees and “add-ons”, they come up with things like brokerage, handling services and negotiation representation. All things that you will be charged for.  And all things you can do yourself for nothing.

In this particular real estate market, we have a large supply and a lower demand, which is causing prices to drop. This also means brokers are out of work.  Some brokers are trying to move devalued real estate. And some are trying to convince buyers to buy.  Bottom line is without buyers and sellers and enough cash to support both, you have no real estate brokerage business.

Save some money and handle real estate yourself. Keep as many transactions in-house as possible. This includes locating properties, negotiating deals and representing yourself and/or company.

Let the brokers move their businesses to insurance.

-Richard - www.TheFlipBoard.com

Check it  out, Ladies and Gentlemen! (read the AP story here)  The media is finally starting to report what we investors have known for the past 120 days. Home prices in some of our most volatile markets in the US are being valued lower. In other words, the prices are coming down because people are not willing to pay those kinds of prices for a long time.  How does the market react? Let’s see… People who could not get into a home at the higher price point can now afford the home.  That means there will be more interest in these houses in California. That interest will turn into demand. And in about 5-7 years, those home prices will be worth close to what they were before the bubble “burst” due to increased demand. 

The smart investor will be looking to buy at the lower price point so they can take advantage of natural market forces.

See? It really is good news!

Check out this hitpiece by New York Times flunkie Michael Grynbaum.  Nothing but doom and gloom from the NYT lately. But, let’s give credit where credit is due.

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If you can get away with buying a property without spending one dime of your own money, you will have stumbled upon a great

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