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Real Estate Market to Bloom in 2Q?

Real Estate Market to Bloom in 2Q?

Written By Ethan Roberts

Published April 06, 2012

InvestorPlace

  • Home Sales Sign Real Estate 04 FBN

    Reuters

Ah, spring. Flowers, baseball — and the prime real estate season, in which eager, young first-time buyers go in search of their dream home. But will second-quarter 2012′s housing market bring us a garden of blooms or a handful of ugly weeds? Let’s take a closer look.

As Q2 gets underway, real estate has some real positives going for it, and also some tremendous obstacles to overcome. On the plus side, we continue to have near-historic lows on mortgage interest rates, and home prices that are anywhere from 35% to 60% below the inflated levels of 2006. It’s still very much a buyer’s market, with inventories pumped up by an ongoing barrage of foreclosures and short sales.

This content was originally published on InvestorPlace.

However, several negatives are holding back the market.

Lending standards are still very tight, with extremely cautious underwriting guidelines on loan applications. Credit score and debt-to-income ratio standards have increased, and a slew of new federal regulations now limit what were formerly slam-dunk loan approvals.

In February, a nationwide survey of 3,000 Realtors found nearly one-third reported experiencing recent contract cancellations, up from a mere 9% in February 2011. Another 18% reported delays in scheduled closings.

The biggest hindrance to closings continues to be appraisals coming in below the sales price. Sellers cannot pay off their mortgage if they lower their price, and buyers are unwilling or don’t have extra cash to put down. So the deals fall apart.

Another problem is a new trend among lenders to mandate that certain repairs be made to distressed homes prior to closing. In the past, lenders were willing to overlook needed repairs because they understood that distressed properties often need work and that the new buyer would remedy the faults.

These new expectations create a bad choice for both buyer and seller because neither wants to make repairs on a house that isn’t guaranteed to close for one reason or another.

No Help From Washington
Also, despite all the ballyhoo about helping homeowners, behind closed doors the government has been doing just the opposite. The Federal Housing Authority (FHA), which accounts for a high percentage of the loan market in 2012, has now raised the fees on its Mortgage Insurance Premiums (MIP) for the second time in the last year.

This drastically reduces the loan amount for which borrowers will qualify. For example, on a $200,000 loan, a borrower who would have paid $91 per month in MIP fees a year ago must now pay $208. Depending on the person’s debt-to-income ratio, that might reduce the amount of money for a house by $20,000 or more.

In addition, the FHA, Fannie Mae, and Freddie Mac continue to add new rules and regulations onto the borrowing process, making it more difficult for people to get loan approval. For example, the FHA has a new policy that any unpaid loan collections over $1,000 must be paid off prior to closing. Some buyers lack the funds to do that.

Then there’s the job market, which continues to slosh along without the kinds of numbers that are necessary to propel the real estate market forward. According to Jobenomics.com, only 3.4 million new jobs have been created since January 2010, 46% less than what’s needed for growth vs. the traditional benchmark of 250,000 new jobs per month.

Apartments That Have It All
Attitudes among the young are also a hindrance: The perception that home ownership isn’t particularly beneficial continues to exist among those from 24 to 35 years old. Many have no sense of history beyond the bubble and crash, and fear that the home they buy today will be worth less in five years. Others have seen the negative headlines about millions losing their homes to foreclosure, and wonder if it will happen to them.

Moreover, many of the newer apartment and condominium complexes now purposely cater to the posh lifestyle fantasies of these young renters, providing them with in-ground pools, fitness centers, clubhouses, tennis courts and walking paths.

These young people aren’t overly anxious to trade such amenities for what was their parents’ American dream. Given the choice between apartments with it all versus having to mow the lawn, this group is choosing to rent, even if that means paying someone else’s mortgage rather than their own.

Groups like the National Association of Realtors (NAR), as well as the Obama administration, have been saying housing is really improving. Both have their axes to grind. However, the recent statistics really don’t concur. Last week’s new-home sales report was negative, falling 1.6% in February, confounding the analysts’ expectations for improvement.

I ran the March data in my own area’s Multiple Listing Service (MLS) this morning, and found that the closed sales were more than 5% lower so far for 2012 than for the same period of 2011. Although numbers will vary across the U.S., I often find that my city is close to the nationwide figures.

Long and Slow Recovery
Add it all up, and the second quarter may not hold much improvement from the first. As I mentioned in a recent article, I expect a long and slow bottom in the housing market, with an L-shaped recovery over several years.

Even with the recent pullback among homebuilder stocks, I would not yet be a buyer. As more shadow inventory is released over the next year, it will continue to hamper the sales of home construction companies.

Instead, with rental demand still great, I would urge investors to look for value from some of the apartment-related REIT stocks and ETFs, such as Mid America Apartment Communities (MAA: 67.12, -0.78, -1.15%), or IShares FTSE NAREIT Residential (REZ: 45.45, -0.44, -0.96%). Mid America’s dividend is almost 4%, and you can boost that dividend by writing covered calls on 100 shares or more of the stock.

This is a critical time period for real estate. In the coming months, investors should continue to monitor the data for closed sales (not pending sales), as well as new-home starts, and the Case-Shiller index of home prices. They’ll provide the direction for tracking where the housing market is going.

via foxbusiness.com

It’s getting ready to take a long ride, who is ready for 2012 climb for Real Estate Values. http://Coastline-properties.com

CORPUS CHRISTI CITY TO HOLD PUBLIC MEETING REGARDING PARK ROAD 22 AND PROPOSED BRIDGE AND CANAL

CORPUS CHRISTI CITY TO HOLD PUBLIC MEETING REGARDING PARK ROAD 22 AND PROPOSED BRIDGE AND CANAL

April 5, 2012 By Cheri Sperling Leave a Comment

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ATTN: Public Meeting To Be Held April 10, 2012

PROPOSED BRIDGE LAYOUTS BELOW PRESS RELEASE

CITY TO HOLD PUBLIC MEETING REGARDING PARK ROAD 22 

AND PROPOSED BRIDGE AND CANAL

The City of Corpus Christi is conducting a public meeting on Tuesday, April 10, from 5:00 pm – 8:00 pm, at the Seashore Learning Center, 15801 S. Padre Island Drive, to receive input from the public regarding the construction of a proposed bridge and canal on Park Road 22. The impacted area is a little longer than one mile with limits between Whitecap Blvd and Commodores. The purpose of the project is to support the effort to provide boat and pedestrian access to the area. In addition, the project is expected to greatly improve the quality of the water in the existing canal system through water exchange with Lake Padre.

The proposed project will raise the existing roadway approximately 14 feet with the construction of a bridge so as to accommodate boats passing through the proposed channel. No other roadway improvements are proposed, no new right-of-way is proposed and no residential or commercial displacements will occur as a result of this project. “This is a win/win for local residents and visitors”, said Dan Biles, PE, Interim Engineering Director.  “It will keep the water in the canals cleaner and will soon allow recreational boats to access the area. It’s a big step towards our goal of transforming the Mustang-Padre Island area into a world-renowned tourist, resort and residential community,” continued Biles.

The City encourages area residents to attend the meeting, to review the materials displayed and to comment about the project. If someone is not able to attend, he/she can still comment on the project by sending comments to Mary Kelly PE, c/o Raba Kistner Environmental, Inc., 12821 W. Golden Lane, San Antonio, Texas 78249. You may also submit comments by fax (210) 699-6426, or by e-mail mkelly@rkci.com. All comments received through Friday, April 20, 2012, will be used in the public record.

PHOTOS OF PROPOSED PARK ROAD 22 BRIDGE on NORTH PADRE ISLAND:

Figure 1 of the Proposed Layout:

Figure 1 – Project Location Map(PDF)

 

 

 

 

 

 

 

Figure 2 of the Propose Layout:

Figure 2 – Site Plan(PDF)

 

 

 

 

 

 

 

Photos Courtesy of:

Raba Kirstner Environmental Firm
12821 West Golden Lane
San Antonio, Texas 78249
P 210 :: 699 :: 9090
F 210 :: 699 :: 6426

http://www.rkci.com

via coastline-properties.com

Large Grass Fire On The Island Was Difficult To Contain | Corpus Christi, TX |

Large Grass Fire On The Island Was Difficult To Contain

Posted: Mar 28, 2012 9:26 PM by Melissa Schroeder - mschroeder@kristv.com
Updated: Mar 29, 2012 4:44 AM

Firecrews Fight a Big Fire at the National Seashore


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PADRE ISLAND — A fire on the Island — that spread to about two miles — proved difficult to control.

It started around midnight near the National Seashore, along Park Road 22 and fire crews were not able to contain it until about 5 o’clock this afternoon.

Assistant Fire chief Larry Cantu, from Kleburg County, said, “There was some rough terrain out there, a lot of sand dunes.”

The main challenge for firefighters was getting their large brush trucks through the sand, it just didn’t work because they would get stuck so they had to come up with other options to fight the large fire.

They used rakes, shovels and things called flappers.

Battalion Chief Doug Matthijetz with Corpus Christi Fire Department said, “They’re just basically one by one foot chunk of rubber on the end of a stick and it’s just a lot of physical labor.”

Another problem…it was difficult getting water to the fire site.

So the men and women basically battled this blaze by hand.

Cantu said, “I mean you’re right on the fire. You feel all the heat. You know you have to have all your protective gear on.”

But persistence and physical strength paid off.

More than 50 firefighters — from several different departments — helped to tame the beast.

It’s something they credit to teamwork and training.

Right now, there’s no official cause of the fire.

No homes or buildings were ever in danger and no one was hurt.

Some crews will be back on the scene in the morning to check for possible hot spots that may have flared back up.

If you would like to follow Melissa Schroeder on Facebook, “friend” her here.

via kristv.com

Anyone Catch this fire a few weeks ago, THanks to our Great Fire Fighters protecting our Real Esate in Corpus Christi we are all OK!

The Outlets at Corpus Christi Bay Announces New Development Partner

The Outlets at Corpus Christi Bay Announces New Development Partner

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CORPUS CHRISTI, Texas, March 19, 2012 /PRNewswire via COMTEX/ — Dolphin Ventures, LLC and EWB Development, LLC announced that The Outlets at Corpus Christi Bay will be a partnership with the Lockard Companies, a real estate development firm based in Cedar Falls, Iowa. Lockard has a national portfolio of projects and will be an active participant in the development and construction of the outlet center. EWB will co-develop, market, and lease the project. Phase One, 281,526 square feet, is targeted to open in late 2013.

The Outlets at Corpus Christi Bay will serve the tourist-rich Coastal Bend of the Texas Coast with its 7.6 million annual tourists, 70% of whom stay within 20 minutes of the site, and a local population of 700,000. The Outlets will dominate the Interstate 69 corridor at Highway 44—the gateway to the Borchard Regional Fairgrounds, the largest equestrian center in South Texas. Interstate 69 is also the main corridor for the 5 million tourists traveling to South Padre Island.

“We are delighted to have found a committed partner to help us realize our vision for this project,” states Lisa Quier Wagner of Dolphin Ventures and EWB Development, LLC. “This center will fill a void in the Texas market and is one of the very last major tourist destinations in the U.S. without an outlet center.”

“Our company mission is to improve the quality of life in the communities we serve. This project is the embodiment of our mission, growing the job and tax base for Robstown and the greater Corpus Christi area,” says Robert Smith, Jr., CCIM, President of Lockard Companies. “We are excited to enter the outlet industry with a great site and experienced partners.”

Dolphin Ventures, LLC is comprised of well-known, respected, and experienced outlet center and retail development experts Peter Edelmann, Lisa Quier Wagner, and Rick Carduner. Edelmann, Wagner, and Andy Boyle are also principals in EWB Development, LLC, the largest third-party provider of services in the outlet category. The project in Corpus Christi is the culmination of years of collaboration. The team’s shared goal is to create an outlet project in an under-served market that is appealing, inviting, and will excite the consumer by providing brands an optimal and desirable environment to present their merchandise and value proposition.

About Lockard

In the 60 years since their founding, Lockard has grown into a nation-wide integrated real estate solutions firm. Lockard has completed over $1.4 billion in real estate transactions in over 28 states, and continuously demonstrates excellence, integrity, and humility in all of their client and referral relationships. Lockard’s services cover the entire spectrum of the real estate life cycle: site selection, ownership structure, project finance, concept and value engineering, construction management, property management, redevelopment, and disposition. Their seasoned professionals are passionate about delivering innovative and remarkable solutions for all of their clients. Lockard Companies is headquartered at 4501 Prairie Parkway, Cedar Falls, Iowa. For more information, call 319.277.8000, or visit LockardOnline.com.

SOURCE EWB Development, LLC

Copyright (C) 2012 PR Newswire. All rights reserved

via marketwatch.com

THis is more proof of Growth in our fine City!!

Corpus Christi housing market Information & News from Corpus Christi Caller-Times (Corpus Christi, TX)

KEDT ChallengeKEDT Challenge

Tune in Monday at 7 P.M. to watch Flour Bluff Hornets take on King Mustangs!

via caller.com

Pay Particular attention, we are heading for major upswings with the advent of Schlitterbahn waterparks. http://coastline-properties.com

Corpus Christi housing market Information & News from Corpus Christi Caller-Times (Corpus Christi, TX)
Kingsville hopes to boost housing market » Corpus Christi Real Estate

CORPUS CHRISTI — Kingsville is looking for developers to construct new subdivisions in the area because much of its burgeoning workforce lives outside the city.

Mike Kellam, director of development for the city of Kingsville, said there has been a 16.9 percent increase in job growth in the past decade, but the population barely budged at 2.5 percent. Kellam said a large part of the problem is the city does not have a variety of housing options and many of the homes on the market are decades old, so people are commuting to Kingsville from the surrounding area.

According to a housing study completed in January, 60 percent of Kingsville’s houses in 2000 were more than 40 years old. Kellam has been meeting with developers to discuss the housing study to convince them there is a viable market for new houses in Kingsville. He said the housing study was the city’s way of taking the first step for developers.

"We’re open for business," Kellam said. "There’s no reason for them not to be looking at Kingsville."

Of the more than 10,415 houses in Kingsville, 651 were constructed between 1990 and 2000, the latest housing census data available, according to the study. There are more houses, 670, constructed before 1939.

And the area workforce is only expected to increase. Kleberg County’s unemployment rate in January was 6.7 percent, compared to 7.5 percent in 2011.

Mayor Sam Fugate said the housing shortage has been a problem since he was elected eight years ago, and many people who work at Naval Air Station Kingsville live outside of Kleberg County. Eagle Ford Shale companies are also moving into the area.

"If we could get everyone to live in Kingsville who worked here, we’d be significantly larger," Fugate said.

Though the age of the houses available are an issue, realtors Betty Haass and Robert McCreight said the most immediate problem is that new residents are having a hard time selling their houses, meaning they can’t afford another home in Kingsville.

Haass said the number of rentals has increased dramatically as a result.

"We don’t have any houses to rent, and people are here looking at rental houses because they can’t afford to buy," she said, adding that the cost of renting has increased during the past two years.

Those that can afford a home want high ceilings and larger bathtubs, features often unavailable in the older houses, Haass said.

McCreight, president of the Kingsville Area Association of Realtors, said homes that have been updated sell much more quickly than those that haven’t.

McCreight calculated the months of inventory, the estimated amount of time it would take to sell all houses on the market in Kingsville, at 9.7 months in February. In January, Corpus Christi’s months of inventory was estimated at 7.7, according to the Texas A&M University Real Estate Center.

The city’s recent efforts to improve the community’s appearance through landscaping and clearing debris also should help move houses, McCreight said.

"We may have the housing market beat all to pieces, but if we can’t get people to stay here and look, that’s an issue," he said.

via caller.com

Loving the progress that is happening in our backyards. http://coastline-properties.com

Farrah Fawcett’s Childhood Home on Market | Real Estate Insider News

Farrah Fawcett’s Childhood Home on Market

March 12, 2012

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Before she was one of “Charlie’s Angels,” blond beauty Farrah Fawcett was the daughter of an oil man in Corpus Christi, TX, where some of her hometown friends dubbed her “Drippy” just to have something catchy to go along with her evocative last name.

But a funky nickname could not detract from Fawcett’s obvious beauty and star power.

Famous Farrah was a Texas beauty in 1964.

Now, three years after Fawcett died of cancer at age 62, her childhood home in southern Texas has hit the Corpus Christi real estate market for $215,000. Not a bad deal, considering that any prospective buyer would get the chance to live in the home of one of Corpus Christi’s beloved citizens and one of Hollywood’s most enduring symbols of sex appeal.

The 4-bedroom, 3-bathroom ranch has been given a nice facelift: New paint, tile, carpeting, lighting and bathroom fixtures throughout. It also boasts an updated kitchen and fresh landscaping and new driveway.

QUESTION: Why do 1% of the agents make 99% of the money? Answer: They are making money NOW doing REOs and BPOs. Why aren’t you? Watch the FREE Agent REO Secrets video and grab the NEW FREE REO/ BPO Book.NOTICE: Free book guaranteed for the first 100 agents only.

For Fawcett, there were plenty of bigger and more luxurious accommodations after her Texas childhood. In 2011, Fawcett’s 2-bedroom, 2-bathroom condo unit at The Wilshire in the Westwood real estate market of Los Angeles sold. Her former Bel-Air home on 3130 Antelo Place was also a California classic.

And then there was the fabulous Malibu beachfront house at 28124 Pacific Coast Highway, where scenes for “Charlie’s Angels” were filmed. Fawcett spent one full season on Charlie’s Angels before moving on to new acting roles and a new partner, Ryan O’Neal, whose Malibu house she moved to after leaving husband Lee Majors.

via realestateinsidernews.com

Too funny, this is very interesting about this South Texas homes!

Real Estate Corpus Christi | Homes Corpus Christi | Waterfront Lots Padre Island

North Padre Island School Choices

February 3, 2012 By Cheri Sperling Leave a Comment

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Local School Options for Padre Island Residents

If you’re considering relocating to North Padre Island, one of the biggest considerations is the quality of life and community. Nothing adds to that community like our schools and of course North Padre Island Real Estate is blessed with choices not found in other Coastal Areas.

north padre island schools seashore learning centerSeashore Learning Center / Seashore Middle Academy
The jewel in the crown of North Padre Island’s education option are the Exemplary Charter Schools operated by the Island Foundation. Started by a group of parents in 1995 after a failed bond election, Seashore Learning Center was a “First Generation” Charter School, and remains the only school in the state to have maintained Recognized or Exemplary Ratings every year since it opened. Charter schools are public schools, tuition free and open enrollment. They adhere to the same standards as other public school, but have the added layer of accountability and requirements set forth by their charter – meaning the hopes, wishes and needs of the parents! Charter schools are free to innovate, and you’ll find no shortage of that around campus. Combined classrooms, family style lunches teaching manners and etiquette and unique teaching styles are all part of the “Seashore Way”.

With the great success of Seashore Learning Center, the Board of Directors of the Island Foundation in 2005 saw a way to expand and create a Middle Academy – college prep, with a strong math and science curriculum.  Partnering with the community to secure land donations, and after privately raising the start up capital, the Academy opened to rave reviews and happy students.

In addition to K-8 Education, the Island Foundation also offers Pre-K school and childcare. Visit their website at www.islandfoundation.com.

READ THE PARENT REVIEWS OF SEASHORE LEARNING CENTER

78418 SchoolsFlour Bluff Schools
Just over the bridge from the Island is one of the largest and most respected School Districts in the Coastal Bend. The Mighty Hornets are the home to some of the finest athletes, scholars, musicians and actors and some have gone on to National success!

Six campuses and athletic facilities are located on a single 170 acre site which supports 5,600 students in prekindergarten through 12th grades. The district is extremely competitive in academic and athletic programs and has participated in the district, regional, or state competitions for many years. A list of the 2007-2008 district accomplishments is listed on the website. The University Preparatory High School Program was launched in 2006 as part of the Bill and Melinda Gates Foundation to establish a program for high school freshman to complete two years of college credit upon completion of their high school diploma.

The Board of Trustees was selected by the Texas Association of School Administrators as the Outstanding School Board of the Year 2000, and is the only school board in Region 2 who are continually commended by State Board of Education for completing Level II and III Complete Board-Superintendent Leadership Team training.

The district and the City of Corpus Christi have developed a partnership in 2000 with the opening of the Janet F. Harte Public Library located on school property which serves as both the high school library and the city public library.

READ THE PARENT REVIEWS OF FLOUR BLUFF HIGH SCHOOL

Private School Options
Rounding out the school choices for Padre Islanders are the many fine Private and Parochial Schools that Corpus Christi has to offer. College-prep Annapolis Christian Academy offers Pre-K through 12th grade education, with a Classical Christian emphasis. 100% of graduating Seniors have been accepted to prestigious schools like Texas A&M, Baylor, Trinity University, MIT and others. (Read the Parent Reviews of Annapolis Christian Academy)

Incarnate Word Academy is a respected and renowned Catholic K-12th grade school with emphasis on academics and the newest High School, John Paul II, has already distinguished itself as an athletic powerhouse in South Texas.

Relocation to any new place can be unnerving, but Moms and Dads on Upper Padre Island can relax, knowing that their education choices are varied and exemplary. If you have any other questions, be sure and ask one of your Coastline Properties Associates.

via coastline-properties.com

Awesome, love seeing this school choice here in Corpus Christi and on Padre Island.

Will real estate agents become extinct over time?

Will real estate agents become extinct over time?

by Amanda Lopez on March 21, 2012 · 40 Comments · in Editorials, Residential

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Every year, the concept of real estate agents becoming extinct make national headlines and some believe technology will supplant the practice, but is that true? Agents have survived dozens of revolutions thus far and somehow remain in the field.

1x1.trans Will real estate agents become extinct over time?

Agents becoming extinct?

The news cycle is at it again with threats of the real estate agent becoming extinct, often perpetuated by self deprecating agents themselves1. People fear change, whine about making less money, and that consumers are being fed too much information.

Our human story is always changing while continuing to be joined to common threads. For tens of thousand of years, humans have breathed air, eaten food, worked, lived and died. The ways in which this happens changes over time. We used to hunt food and pierce fish. Now we eat fois gras bedside in a fancy hotel and our perfectly round, genetically modified, red apples are what our kids think are normal.

So take the full time licensed agent and brokerage. They began as small neighborhood agencies then large corporate entities. No agency law, no MLS and hand written pocket listing cards to now virtual offices, electronic signatures, paperless transactions and transparent information on the Internet of every sale in many areas. But agents are still around, despite changes.

Tying the past to the present

What are the common threads? Payment structure, knowledge of homes before they enter the MLS, agents helping consumers, managing negotiations, and generally still more knowledge of home buying process than the consumer. A person buys a home maybe twice in their first ten years of home ownership. Then again maybe 10-15 years later. So, maybe three to four times in their lives.

I personally became licensed after my first home buying experience. I didn’t have an agent, I bought an owner financed home from my grandfather, and there was no home inspection, negotiations, cma, or even a title search. My grandfather was one of those who thought he could sell it himself, along with everything else in life. After just showing up at an attorney’s office one afternoon and signing some papers, I owned a home. Several years later, lots of money fixing the half self-installed roof, a five gallon bucket used as a basement sump pump pit and more, I took licensing classes. Lucky for me, my grandfather didn’t do any CMA’s and had he used an agent, perhaps he wouldn’t have been as surprised as he was when the house was “worth” two years later way more than what he felt was the value when he priced it himself.

Why industries change

Industries typically change when the consumer starts demanding more. They haven’t forgotten about their experiences in buying a home and have recently realized the need for change. When the real estate boom of the early 2000′s started, things started changing once again and real estate seemed to be on everyone’s minds.

In 2003, MRIS (our local multiple listing system) only allowed 6 photos. Around 2006, 20 more were added for an additional fee to the agent. In 2010, agents started paying photographers to take better photos. In 2012, maybe 35% of photos are being shot with professional equipment but there are still million dollar homes with agents taking the photos… and they are still bad.

Zillow, Trulia, Zip Realty, Redfin, and independent brokerages began popping up more and more. People were waiting for and talking about this new revolution wherein agents would become extinct for fear of the virtual agent or FSBOs banding together and *gasp* selling their own houses. Flat fee service companies have emerged and threatened to take business from the full service agent. Clients got burned, they didn’t feel like they got attention from limited services, and ultimately some of these systems weren’t in their best interest.

The Silicon Valley mentality

All of these companies started out with one mission, realized that their models needed to change and have done just that. Redfin tried salaried agents, ZipRealty tried rebates and both have realized while it may be a great idea theoretically, to change a way an industry works is just not sustainable. It’s about finding the balance of traditional services, cutting edge technology and client care. The majority of the country is not located or even has the mentality of Silicon Valley, so to oust all agents everywhere in revolt – that just isn’t going to happen overnight.

While all this is going on, most successful agents are still out there selling homes and working with consumers. They have kept up enough with technology to be able to text, know the main sites that consumers are searching, and have a facebook page, but their main priority isn’t the radical change happening around them, it’s their clients.

The consumer now knows about the big sites to search, and after that, they research how to buy homes, make their lists of what they think they want/need, go to some open houses and then call an agent who (hopefully) knows the areas, home styles, prices and all the rest of the intricacies of buying or selling a home. But once this experience is over, most consumers turn off the real estate radar and probably won’t be too concerned about real estate again for another several years and then, they will check to see what the newest search sites are.

But why are we agents still in existence in 2012? Hmmm.

Calm down, agents aren’t going anywhere

Perhaps the original intention was there to change everything, but from where I sit, today there are a lot of amazing people making huge advances to the real estate business but not making anyone extinct. The agent isn’t going anywhere. Calm down. There will always be consumers who can “do it themselves,” and why not let them? If they have the motivation, skills and knowledge, why not? It’s never going to be the norm because the average person doesn’t have the time, can’t keep up with trends or laws or just has no interest in taking on one more thing in their lives.

Laws change, marketing changes, contracts change, photo quality changes, technology changes, and consumer behavior changes. But for most people dealing with a home purchase a mere 4-5 times in an entire life, keeping up with these changes is not feasible. Broken pieces get fixed or enhanced and the real reasons for helping people find a home in which to live continues to remain. There always needs to be a common thread. There will be a future in real estate, and the agent will continue to be there. Perhaps in different roles, but still there.

via agbeat.com

Great Article, love the wrap up for Corpus Christi Real Estate professionals!