The Benefits of Being a Real Estate Agent

REALTYONEGROUP | May 17, 2017

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Just like any other career, being a real estate agent has its own set of unique benefits. If you are someone who does not like the corporate ladder and the monotony of a 9 to 5 job, then being a REALTOR® might be a good way to start your own business. All you need to start your business as a real estate agent is a license and the exam fee.

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Oxford Companies

Oxford is a premier provider of commercial and residential real estate services in the Ann Arbor area, including Washtenaw County and Southeast Michigan. With more than 15 years of experience our team of professionals offer leasing, property management, construction and investment services to tenants, owners, and investors. We focus on hiring, developing, and maintaining great people to create a happy, energetic, and inspired workplace. Through our training programs, a culture based on core values, and our team approach to customer service, we give everyone the opportunity to find a career that they’re excited about.

OTHER ARTICLES

HOW EXCHANGE RATES AFFECT REAL ESTATE

Article | April 7, 2020

Globalization offers international real estate investors the opportunity to build wealth from investment properties anywhere on the globe. Despite the ongoing uncertainties caused by the coronavirus breakout , the real estate industry continues to be one of the most attractive sectors for investors worldwide looking for financial stability. And if you’re looking to invest in a real estate market abroad, there are a number of factors that you should pay attention to. These include trends in supply and demand residential properties in the target market, taxes for rentals, interest rates (if you’re planning to borrow in the foreign currency), and exchange rates. In this article, we’re going to focus exchange rates how they affect your real estate investment decisions. The simplest and most accurate way to define the term “exchange rate” would be to say that it’s the value that one currency has when transferred into another.

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Lockdowns To Push Back Spring Selling Season

Article | August 18, 2021

The spring selling season might be pushed back for a couple of weeks or even months as lockdowns restrict activity in some states and territories, according to CoreLogic. Prior to the COVID-19 pandemic, sales and listing turnouts typically rise from September to November. Over the ten years to December 2019, the growth in new listings during spring averaged 15.7% while sales hit 6.8%. CoreLogic head of research Eliza Owen said both sales and listings tend to be most seasonal in the capital cities, particularly in Sydney and the ACT. With the lockdowns, however, the in-demand locations might not witness the same level of activity this upcoming spring, which is only two weeks away. "Observing housing market performance through lockdowns reveals that both sales and listings volumes will fall through lockdowns," Ms Owen said. What can be learned from last year's Melbourne lockdown? The extended lockdown in Melbourne last year could provide a glimpse as to what could happen in this year's lockdowns. Melbourne was in lockdown from mid-July to late October. During the period, listings dropped consistently, hitting the lowest at 1,411 in the four weeks to September, which was 80.7% lower than the previous five-year average. There are several factors that contributed to the slowdown during the period. Aside from the obvious restrictions that have limited inspections and auctions to virtual sessions, the low levels of consumer confidence also dampened the overall market sentiment, with vendors being unsure whether they would get an optimal price for their properties. Mortgage repayment deferrals and other government support also contributed, as these prevented distressed sales. However, when restrictions in Melbourne got lifted by late October, there was a sudden shift in the market mood, with listings quickly recovering. "New listings volumes through December 2020 trended an average 40.4% higher than the previous five-year average, suggesting the spring selling season of 2020 was 'pushed back' into the final months of the year," Ms Owen said. Lockdowns to only postpone market activity Ms Owen said the trend in sales and listings through a lockdown indicate the relative stability of the economy and the housing market amid the COVID-19 pandemic. "This has meant that housing purchasing decisions were more likely to have just been postponed through lockdowns, rather than abandoned all together.” In fact, the muted sales activity through lockdowns actually led to an uplift in sales across Melbourne in December of 2020 and July 2021, a time when seasonally, sales volumes would usually be far more subdued. "There are tailwinds in place for housing market demand to suggest this may happen again; household savings rates remain elevated, new average mortgage rates continue to reach new record lows, and many government fiscal stimulus and broader institutional responses have been resurrected amid renewed lockdowns," Ms Owen said. Affordability might become a concern The consistent surge in prices across capital cities in recent months have already resulted in the inevitable constraints in affordability. CoreLogic's Hedonic Home Value Index in July showed a 1.6% gain in dwelling values, a retreat from the previous growth of 1.9%. Ms Owen said some support schemes that supported consumer sentiment, such as JobKeeper and HomeBuilder have already ended which could dampen the expected rebound in demand. The rising threat of the Delta variant of COVID-19 might also be a major headwind, as it could result in further lockdowns which will ultimately impact the incomes of Australian households. "With affordability constraints becoming a larger obstacle in the market, as well as the potential for tighter credit conditions further down the track, if buyer activity does not match the lift in listings we could see a gradual rebalancing between sellers and buyers," Ms Owen said.

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8 Tips for Selecting the Right Real Estate Agent

Article | February 12, 2020

If you are in the market to buy or sell a home, the first decision you will need to make is if you plan to go it alone or if you decide to hire a real estate agent. There are many reasons why it makes sense to have a licensed real estate professional on your side. We won’t get into them in this article, but stay tuned to The Cyr Team Blog for more helpful real estate tips and information. Assuming you decide to hire a real estate agent, the next step is to determine who you want to work with. Selecting a Realtor® shouldn’t be about picking the first name you see on the nearest bus bench or shopping cart. It’s a decision that warrants a fair amount of thought and consideration. Hopefully, the tips below will help you in finding the real estate agent (or team) who is right for you.

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Why Company Culture Matters in Commercial Real Estate

Article | February 11, 2020

The pursuit of exceptional people in today’s competitive commercial real estate market is a challenging proposition. DFW has a wealth of talent who could work at any number of prestigious real estate firms. So, what sets one global commercial firm apart from the next? How do we attract and keep the best in the industry to better serve our clients?

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Spotlight

Oxford Companies

Oxford is a premier provider of commercial and residential real estate services in the Ann Arbor area, including Washtenaw County and Southeast Michigan. With more than 15 years of experience our team of professionals offer leasing, property management, construction and investment services to tenants, owners, and investors. We focus on hiring, developing, and maintaining great people to create a happy, energetic, and inspired workplace. Through our training programs, a culture based on core values, and our team approach to customer service, we give everyone the opportunity to find a career that they’re excited about.

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