Louisville Has Too Many Realtors

It’s been a blessing to be asked to appear on our local news stations over the years. Today was another such day. We covered several topics including the historically low number of listings and how there are too many Realtors for that low amount.

Photo of Tre Pryor on the NBC local affiliate Wave3 news
Here’s a screenshot of me appearing on the NBC local affiliate Wave3 news to talk about local real estate.

Today’s topic was the disturbingly low level of housing inventory in our market. It’s so low that it’s clear many real estate agents will be out of a job before year’s end.

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5 Dangers of a Blocked Drainage System on Your Health

Drainage systems are used to get rid of water and other liquids. They serve to remove the unwanted excess fluid, escorting them out of our homes for good. This means that the homes remain clean and safe for everyone living there. To ensure that your drainage system does what is expected, you must keep it clean and unblocked. In this piece, we’re going to cover the five big dangers of a blocked drainage system and what you should do to stop them.

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Moving from Louisville to Another State

A good number of people sell their homes and move to new ones in the same city. Happens all the time. But if you’re selling your home and moving from Louisville to another state, this is a much bigger deal. Not only are you making a massive change in your life, but there are also a bunch of things that need to be done to make sure the move goes as smoothly as possible.

Photo of a moving company truck
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What Are Today’s Home Buyers Looking For?

Before the pandemic, the housing momentum was strong. The summer home-buying season was very busy with many people listing their homes for sale. Unfortunately, that has changed. While home sales have not yet returned to previous levels, they are steadily increasing. So today we’re going to look at what home buyers looking for right now.

Photo of a family with moving boxes sitting on a couch

It’s clear that now is a tremendous time to sell your house. But for buyers, it’s a very challenging time to actually get a property under contract. Competition is fierce!

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What Is a Real Estate Entrepreneur? We Explain and Show How to Succeed

There has never been a better time to be a real estate entrepreneur. With interest rates at historic lows and an ever-growing population, there are plenty of opportunities for those who are looking to get into the real estate market.

Photo of a Realtor working with a first time home buyer

However, being a real estate expert is not always easy. There are many challenges that you will face along the way, but with hard work and determination, you can succeed!

What Is a Real Estate Entrepreneur?

real estate entrepreneur is someone who buys, sells, or manages real estate properties for profit. This can include anything from single-family homes to commercial buildings and everything in between. Real estate entrepreneurs typically have a good understanding of the real estate market and know how to identify opportunities that others may not see.

To become a real estate entrepreneur, you need to have a strong work ethic, be willing to take risks and be comfortable with change. You also need to be able to handle rejection and have a thick skin. The real estate industry can be very competitive, so you need to be prepared for that.

Why Would Someone Want to Be a Real Estate Entrepreneur?

There are many reasons why someone would want to be a real estate entrepreneur. For some, it’s the challenge and the thrill of the hunt. They enjoy finding hidden gems in the real estate market and turning them into something special. For others, it’s the financial rewards that come with being a real estate entrepreneur. Real estate can be a very lucrative business if you know what you’re doing.

So, are you thinking about diving in? Before you did, please analyze the ten characteristics of a successful real estate entrepreneur:

1. You need to be comfortable with risk.

When you’re buying and selling property, there is always the potential for loss. You need to be prepared for that and be comfortable with the risks involved. Otherwise, you might end up making some very costly mistakes.

2. You need to be patient.

The real estate market can be volatile, so you need to be prepared for ups and downs. There will be times when it takes longer than you’d like to find a buyer or sell a property, but you need to be patient. The key is to not let the market dictate your decisions-stay calm and focused on your long-term goals.

3. You need to be a people person.

Photo of a couple buying a new home

Real estate is all about working with people. You’ll be dealing with buyers, sellers, agents, brokers, and more. If you’re not comfortable working with people, this might not be the right business for you.

4. You need to be able to handle rejection.

In real estate, you’ll hear the word “no” a lot. You need to be able to handle rejection and not take it personally. It’s important to remember that every “no” is one step closer to a “yes.

5. You need to have a good network.

Having a good network of people you can trust is essential in real estate. You need to have people who can give you advice, help you find properties, and help you close deals. Therefore, you should always be networking and building relationships.

6. You need to be resilient.

There will be setbacks in real estate. You might lose a deal, a tenant might damage your property, or you might have to evict someone. You need to be resilient and not let these setbacks get you down.

7. You need to be knowledgeable.

Of course, you also have to be knowledgeable about real estate. You need to know the ins and outs of the business, as well as the market you’re investing in.

8. You need to be able to adapt to change.

The real estate market is constantly changing. You need to be able to adapt to these changes, or you’ll be left behind. For instance, you need to learn how to use a real estate app like Zillow or Redfin. This way, you won’t fall behind your competitors.

9. You need to be risk-averse.

Real estate investing is a risky business. You need to be able to take risks, but you also need to know when to back off. This is wise because the real estate market is always changing.

10. You also need to have a strong work ethic.

This is one of the most important qualities you need to have as a real estate entrepreneur. You need to be able to work hard and hustle. If you don’t, you won’t be successful.

The bottom line is that being a real estate entrepreneur is not easy. It takes a lot of work, dedication, and commitment. But, if you are willing to put in the effort, it can be a very rewarding experience.

8 Tips for Dealing with Real Estate Agents

When you’re in the process of buying a home, it’s essential to have a good relationship with your real estate agent. After all, they’re the ones who are helping you evaluate different areas, find the perfect home negotiate the best price. But what about dealing with real estate agents? If this is the first time you’re buying a home, we’re going to help you know what to do.

Photo of a real estate agent helping her client
When dealing with real estate agents, understand they are supposed to be working in your best interest.
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Buying in a Seller’s Market? What You Can Do

The real estate market has continued to stay competitive throughout 2022. Inventory has remained low. What does this mean if you are trying to buy a home? If you’re buying in a seller’s market, you must act fast and make your offer extremely competitive. This is the only way that you can stand out from the crowd and get your offer accepted.

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How To Be More A More Productive Real Estate Agent

Being an estate agent is quite a popular career choice in the US and UK. As of 2021, there are around 55,000 people working as estate agents just in the UK alone. This is a significant increase from previous years. However, just because this career is a popular choice, it doesn’t mean it is easy. Continue reading to learn the best ways to be a more productive real estate agent.

Photo of a couple buying a new home
Real estate agent handing over keys of a new home to a young couple.
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4 Simple Ways to Get Started in Real Estate Investing  

Investing in real estate can be a rewarding experience when done correctly. It’s an effective way to earn extra income and diversify your investment portfolio. Unlike traditional investing, real estate allows investors to own properties by paying a percentage of the total cost first. Then completing the balance over time by paying interest.  Read on to learn how to get started in real estate investing.

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Selling Homes Versus Selling Lots: 4 Key Differences

Despite the similarities between selling homes and selling lots, the two are not the same. Selling homes isn’t always a guarantee of quick success compared to selling vacant lots. The buyers are different, the market is different, and the sales approach and pricing are different. By understanding these distinctive differences and adjusting to them, sellers can be highly successful. Turn what seems like obstacles into advantages.  

Photo of a real estate agent working with client selling lots of land

As you can see, you must understand the difference between selling a home and a lot. Here are the key differences between selling homes and lots.

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