Posts from November, 2009
Was there ever a bubble in the Plano real estate market? For a long time now we have been hearing about a real estate bubble and the burst of that bubble. This bubble bursting theory in reaction to the substantial increases in real estate values in many areas around the county, has recently grown into almost full-blown “the sky is falling” paranoia, largely fed by the media. This thought of the “bursting” of the so-called“ real estate bubble” seems to be based on nothing more than the collective fear that real estate values throughout the country may, at any moment, fall off the cliff, so to speak. However, there seems to be no rationale or fact based reasoning that supports this fear; just that prices are too high and can’t go any higher. As it turns out there actually was a national real estate bubble but was there a bubble in the Plano Real Estate Market? Well, I don’t believe there was a Plano Real Estate bubble. This is the reason we have not seen a “bust” in the Plano Real Estate Market. Why? Because of a number of factual, economic-based realities about the Plano Real Estate market keep the City as one of the strongest and most sought after cities to live in the country. Just look at any web site that gives you access to the Plano MLS. In the Plano MLS you can see that yes, there are more houses on the market and yes, these houses are staying on the market a little longer but the reality is that the prices of Plano homes has held relatively steady and if the these Plano homes are in good condition and price correctly they will still sell in a relatively short amount of time. Plano consistently ranks high among the best places to live in the Western United States. For the second year in a row, Plano ranked #1 as Americas richest City (cities with a population of 250,000 or more). Recent census data shows that Plano has the highest income and lowest poverty in the Nation. Ask any Plano Realtor and they will describe the Plano Real Estate market as Calm and Steady, “Steady as She Goes”. Calmer heads have always prevailed in Plano and we should expect the same for the future.
A DFW real estate career provides flexibility and freedom to set your own pace. Working in real estate allows for independence and choices of environment in which to work. Your income directly reflects your efforts, with no limits on what astute, hard-working men and women can earn. Successful people in real estate are goal-oriented, persevering, self-motivated, ambitious and people-oriented. The rewards of a real estate career are a potential for high earnings, status in the community, autonomy, time freedom, helping people, the intellectual challenge and the satisfaction from those accomplishments.No matter if you are just thinking about a career in real estate, newly licensed or a veteran there are many real estate companies throughout the DFW area to choose from. There are still some mom and pop shops around and a slew of franchised shops biding for you to join them. Some of these brokerages have a 100% program, where you pay a monthly fee, sometimes steep, paying each month no matter if you close a transaction or not. Some offer a 50/50 split, taking half of your hard earned commissions but helping you out with advertising and support. There are brokerages out there offering everything in between, 80/20 split, transaction fee, flat fee, etc. In this completive market it is imperative not only that the brokerage you sign up with has a strong web presence but that they optimizes their site for maximum traffic to obtain credible leads and lots of them. In this business if you don’t have leads you don’t have a business. One of these brokerages is VIP Realty Platinum, where you choose your commission!
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| Website: | http://www.viprealtyplatinum.com |
| Phone: | 972-665-9767 |
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