Brokers Blog

The year 2011 will be a good time to purchase residential and commercial properties in real estate broker listings and those available through other channels, according to Pennsylvania real estate agents. They claimed that certain areas in the state are showing stronger housing markets and the year will be a positive one for the whole real estate industry, with sales activities rising in the area since the last two months of 2010.

In the counties of Union, Snyder, Northumberland and Montour, sales of homes recorded a total of 1,037 in 2010 which is 38 more than the total number of sales posted in 2009. Realtors have reported that during the months of November and December, when housing sales usually dip, local agencies have experienced higher levels of activities, with buyers keen to take advantage of the low prices of properties in the areas.

Realtors stated that homebuyers in these counties seemed to have more confidence on where the economy is going. They were also encouraged by the fact that despite increasing sales, prices of dwellings and commercial structures under real estate broker listings remain low, while interest rates also maintained their low levels. Real property agents stated that the current structure of the home market heavily favors buyers and those planning to purchase will not get a better deal than what they can get right now.

For the January-November 2010 period, local housing reports showed that foreclosed property sales in the upper area of Northumberland County accounted for 13.6% of total housing sales. In the western part of Northumberland, 19.7% of housing sales were accounted for by foreclosures in the same period, while the eastern part recorded a 10.8% share for foreclosed properties. In Snyder County, 8.7% of total sales for the same period were accounted for by foreclosed properties.

Meanwhile, the lowest percentage of foreclosure sales were recorded in Union County and Montour County for January-November 2010, with the former posting a foreclosure sale percentage of 8.4, while the latter was pegged at 4.8%. Local agents have stated that housing figures are often dependent on job availability, with counties that have stable job markets having higher number of people purchasing houses and commercial properties under real estate broker listings.

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Now is not exactly a great time for people to be real estate brokers agents. The foreclosure crisis has hit the housing market of the U.S. hard and has forced a lot of real estate agents and brokers to close shops or find employment in other areas outside of real estate. Not so with Greg Harrelson.

Harrelson, a Myrtle Beach real estate broker, did not close his Century 21 Harrelson Group real property firm and he did not look for another field where he can earn his income. Instead, he just expanded his services in the same field by getting into real estate coaching.

Harrelson's firm is one of the very few real estate agencies that were able to ride the tide of foreclosure. Even when the worst of the housing market caused other property firms to shut down, Harrelson's agents continue to close an average of 40 home sales each year.

The broker has been in the real estate business for over 17 years. In 1991, he purchased a Century 21 franchise and after spending almost ten years under the tutelage of a California real property expert, he believes that now would be the ideal time to teach to others everything he has learned about the business.

According to Harrelson, during the peak of the housing industry, he averaged around 300 sales in one year. This sterling performance is just one reason why he decided to be a guide for brokers agents who are trying to make their way into the confusing world of real estate. So far, Harrelson has started his foray into coaching by working with several top real estate agents in the Myrtle Beach area.

He is also developing several Web sites related to real estate, with one of them aimed at launching his Career Coach services. He states that real property brokers and agents have responsibilities towards their clients to provide them with sound advice and help them get the properties they need under the most reasonable terms. He also emphasizes the need for real estate brokers agents to understand the different situations for each client and guide them towards making a decision that is appropriate for their particular situation.

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