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The Changing Future Business of Real Estate 2020 and beyond
June 7th, 2021 9:33 PM
Real Estate has been a part of my life even before adulthood. My step father owned a Real Estate Office during the 1970's in San Diego. It was tough even then selling homes for $30K or $50K back then and it really meant something when you face a appeared in a real estate newspaper ad stating that you belonged to the millionaire Club in Real Estate after transferring One Million Dollars worth of Real Estate Transactions in One Year. Now not so much as the world has changed since then and to the present due to the Principle of Change which is a constant.
It was tough keeping a real estate office open back then circa 1970 and now with the financial over head of running a real estate business. At the side of my parents real estate office there was a separate 400 sf room which then used as a Pinball Arcade and PackMan at the time to generate more cash to pay the rent on the building. Looking back at those times and the present as of May 2020 and the corona virus which has shuttered all types of businesses for months at a time with no income.
Real Estate Agents are seeing that they don't have to be at an office to work in the business. The business has always been in the field as many people still say.
I see large real estate offices with hundreds of agents today becoming obsolete as new ways to represent the public and meet the public no longer requires to meet in a real estate office.
After 40 years in the real estate business of Brokerage, Appraisal and Consulting that I will operate from now on as a Discount Real Estate Brokerage helping homes owners with property transfers by reducing my commission on homes I list to 4.5% of the sales price. Since I work for myself my overhead costs are much lower than larger companies yet I can deliver the same sales outcomes and allow the homeowner to save on house commissions when marketing their home with me.
As a Real Estate Broker/Certified Residential Appraiser I am experienced with high value real estate between $500K to Six Million dollar transfers so the saving of equity for sellers can be significant.
If you would like to talk about your real estate I am available 12 hours day or more to discuss your real estate concerns. Covering Santa Cruz, Ca, Monterey Ca, San Jose and Santa Clarita.
Tom Melville Broker
Dre 00774101
Tom Melville Properties / Melville Appraisal
831-883-0406
Posted in:
Real Estate
Posted by Thomas Melville, MNAA, MRA on June 7th, 2021 9:33 PM
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