I feel a thaw. No. You wouldn’t know it from the temperature outside and the breaking grass under my feet. But I’ve made three offers in the last week. (Although I am still waiting to get one together.) And great news! One of the bank foreclosures that has been frozen has rumblings of closing on or about December 15.
Now, I won’t believe it till I am there watching the buyers sign. But it is movement, never-the-less.
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Just a note about this real estate market. Everyone has it rough. I feel fortunate. While my income from real estate sales and investments has dropped about 20% from 3 years ago I have made up that income with another business my wife and I own. Portraits Today Studios in Olathe, Kansas had a record month in November and is on pace for our best December, as well.
But I look around and I’m a little saddened. It’s renewal time for real estate agents across the country. I’m expecting a blood bath. $450 to $550 for dues and fees in December is pretty tough on a lot of under-performing agents. Yes, it’s a purge that needed to take place. But it doesn’t make it any easier when you look across the landscape and see how hard it’s hit people you know and have built relationships with.
BBQ Capital | Kansas City Real Estate Investing 