The latest statistics have been released by the Department of Real Estate in California and it should bring concern to anyone who will be selling or buying real estate now or in the future as for most of us our homes are the largest asset we posses.
In The State of California 548,959 people have a real estate license and that works out to 1 license for every 67 people living in the state. With the number of home sales handled by agents in 2007 that translates into less than 1 transaction per licensee and 2008 will no doubt shrink those numbers dramatically.
Mr & Mrs Consumer it is up to you to do your due diligence and find out as much information about your agent as you possibly can as they will be representing you in one of the largest and most important transactions you will ever do and you owe it to yourself to seek out the best representation possible.
Don't be afraid to ask questions such as How long they have been selling Real Estate, The number of transactions closed, For recommendations from past clients, Are they full time agents and anything else that would help You to choose a Professional that you feel comfortable working with and representing You.
If You are considering buying or selling a home in the Murrieta, Temecula, Menifee Valley please allow me the opportunity to meet with you and I promise to answer all your questions honestly as I have done with all my clients for over 20 years.
My Focus is and Always Will be To Help Others Acheive THEIR Goals !!!!
I have known a few agents that even though they are representing a client should get credit for 0 transactions since I had to do all of the work...I am interested to see how the ranks thin the in next 2-3 years.
You know that when the police pull over someone in Murrieta they don't ask for your drivers' license anymore.
They ask for your real estate license.
Well...a tougher market has forced many out that weren't great, but there are hangers-on. Great post, Cameron.
I am looking to sell my home and buy another for same or less market value. What happens if I owe more on my home than it is worth? Is this an available option at this time?
The only way to sell a property that you owe more on than it's worth is to do a Short Sell where the lender agrees to accept less than the amount owed to them. This will put a "ding" on your credit and they will not agree to do this simply because you want to buy a cheaper property. If the payment is adjusting to a level that is causing a hardship financially you may want to speak with your current lender and seek out a loan modification.