When the going gets tough-the tough get CREATIVE!

By
Real Estate Agent with Silvercreek Realty Group

We''ve all heard the old saying "When the going gets tough, the tough get going."  But I thought the recent changes in the Real Estate market have added a new twist to that saying.  I think the Builders and Agents that are not only surviving but also thriving are doing so by being CREATIVE if necessary. 

I recently read a blog by Dawn Rickabaugh about Owner Carry sales, where the owner acts like the bank, in hopes of attracting buyers that may not be able to qualify otherwise.

Another trend I've noticed on the rise is Trading which was addressed by Ron Pickett in his blog.  In a trade, two individuals that both want to sell, but are having difficulty doing so, can trade properties either straight across, or as partial payment.  This is especially attractive to builders, who want to continue to build homes. If they can trade for building lots or smaller homes that would make good rental properties, they are happy.  Sometimes trades are also welcome because people are just tired of the same old problems.  They realize that the property they are trading for may not be perfect, but they are happy to be moving onto something else. 

The Agents and Builders that thrive in this market will do so by being hardworking and creative! 

What CREATIVE ideas do you have for moving property? 

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Ambassador
393,293
Virginia Hepp
Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Re
ERA - Mesquite NV Homes For Sale
Hi Pam, I recently was talking to a local builder.  He said that he took a fixer-upper in trade on one of his new homes in a small development.  I was impressed that he was that creative.  He had quite a bit of work to do on it, but was able to do it himself and break even when he sold it.  'Thinking out of the box"!  I have seen several FSBO ads recently, offering to take trade ins.  
May 04, 2008 03:32 AM
Ambassador
1,775,038
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC
Pam- Getting really good at short sales to help homeowners from foreclosure!:) Very rewarding too! Katerina
May 05, 2008 11:29 PM
Ambassador
2,030,429
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

I also specialize in Owner Financing and Lease Options and I love them! I would say about 90% of my business in the last year has been creative financing and I'm now doing radio shows and seminars for both home buyers and sellers.

Then I am teaching classes to other agents how to do them and protect themselves and the principles to the transaction from lawsuits.

May 08, 2008 12:48 AM
Rainer
73,144
Pam Pugmire
Meridian Idaho Real Estate
Silvercreek Realty Group
Todd  That is terrific!  Do you ever get over the the Boise area to teach your classes or are they all in Oregon?  I would love to hear more about them!
May 08, 2008 10:03 AM
Rainer
41,791
Eugene Jones
Weichert Realtors

Great post Pam! Our creative minds must keep spinning and creating new ways to generate business.

May 12, 2008 03:49 PM
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Rainer
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Pam Pugmire

Meridian Idaho Real Estate
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