Sunday, November 20, 2005

Who gets hurt in downturn?

Who gets hurt in downturn?: "Real estate moves in cycles. When the market is hot, everything is champagne and roses; when the the market slows, only the strong and prepared will survive. Here?s who might be affected by a real estate downturn:

Home improvement retailers: The first thing that most new home buyers do is make a trip to the nearest home improvement store to stock up on all the materials and supplies they?ll need to fix up their new house to their liking. That?s added up to a lot of revenue for these companies. If home sales soften, so will those trips to Home Depot and Lowe?s"
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Finding a "Dynamite Agent " to List and Sell Your Home

: "was shortly after July 4th when a food company manager phoned a real estate agent. He explained his plan to sell his 30-year-old ranch-style house and move to a brand-new property due to be completed right after Thanksgiving. His goal was a seamless transition.
At the agent's urging, he listed the home immediately, selling to the first bidder without any negotiation over timing. The buyers -- a family with young children -- wanted to move in at once. They achieved their goal, leaving the seller to forage for temporary housing."
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Neighbors Can Help or Hinder the Process of Selling a Home

: "The phone company repairman was scouting for an affordable starter home when the phone rang one Sunday. It was his mother's friend, calling to suggest that he drop by an open house in her neighborhood. Before long, he was driving over to see the three-bedroom ranch-style house, which had just hit the market. Pleased with the place, he bought it at once.
As this story illustrates, neighbors can influence the sale of a home by coming up with serious buyers. 'Any time a home is listed, it should be marketed to the neighborhood as "
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