Investors are buying; are you prepared?
Must-know information for real estate brokers and agents: Tami Bonnell, President of the US Organization of EXIT Realty Corp. International speaks on current and future trends in the real estate industry in this video for Florida REALTORS®.
1. Investors: There are serious investors coming down the pike – I highly recommend that you get an investor designation. Go to REALTOR.org and look up as much information as you possibly can so that you have accurate market knowledge in order to help [your investors]. Forbes.com will give you some information on migration charts which will help you in every facet of your business.
2. International Business: The United States is still a very stable market especially when you compare it with others. [Foreign buyers] are bringing in cash, they have children coming to schools here and they’re coming here for quality of life. I highly recommend getting your international designation.
3. Mergers and roll-ins: We have several baby-boomers and civics who want to retire [from the real estate business]. We have people who are just getting tired being in the business and we have people who own businesses who want to list and sell, as well as people with niche markets. [If] you’re on the side of wanting to be acquired, find out who is doing serious business and growing in your market. [If you want to acquire a company], pay attention to what it is they’re accomplishing so you can really take advantage of this opportunity. It’s going to be a win/win for both sides.
For trends 4 and 5, please click here to watch the video on YouTube.
Copyright Florida REALTORS® 2012
Tags: EXIT Realty, Tami Bonnell, US real estate market, foreign home buyers, investing in real estate, real estate acquisitions, real estate investors, real estate market, real estate mergers, real estate trends