Since real estate values have fallen quite a bit, the future profits that could be received by real estate agents and brokers have also fallen. The reduction in commissions, however, can be more than offset by the number of properties that can be sold. And one of the keys to making this a fact for real estate professionals is to have top real estate leaders. This is because on the market now there are so many more properties than there were before the bubble exploded. Have a look at Vancouver realtor.
The increase in the number of homeowners on their mortgages who are underwater has risen so much that a very significant number of them have decided they cannot afford to stay in their homes. By making a lower mortgage payment per month, they would rather sell their home and purchase a similar home at a much lower price, and take the loss so that they can increase their cash flow situation. And as there is no lack of property to purchase, there was no issue with these individuals finding a suitable home at a reasonable price.
And another consequence of the increase in available properties is that first-time buyers are becoming more and more individuals. Since house prices are dropping, more and more individuals are able to buy a home for the same amount they already pay in rent. So, instead of continuing to rent, the rational option for these people is to purchase a home.
All of these factors contribute to one thing-a greater need for real estate agents to assist in the acquisition and sale of all these assets. Therefore, whilst prices have dropped, the quantity of properties, buyers and sellers available has increased, which more than compensates for the lower prices in terms of how much the real estate agent will deliver in the current real estate market. And as we all know, the more buyers a real estate agent has, the more assets they are going to sell, the more money they are going to make.
When a real estate agent has already been through their current customer list, the question arises. The easiest way for them to attract more customers is to get more leads in real estate in some way. They not only need more leads; they need high-quality leads if they are going to be effective in turning a significant number of them into consumers who eventually purchase and/or sell one or more properties.