The Real Estate Bubble Fallacy

Written by Michael Setz


Continued from page 1

In addition,repparttar cycles tend to favorrepparttar 103842 ups rather thanrepparttar 103843 downs. It is not uncommon to see large cycles of appreciation and much smaller downward cycles. In other words,repparttar 103844 current double-digit growth we've all come to know and love in recent years will likely be followed by downturns of single digit declines. Its like taking two steps forward and one step back.

Inrepparttar 103845 big picture you will still be further ahead than when you started. You may see slower growth, but it will still be growth.

Real Estate is a Basic Necessity People need to live somewhere. They need a roof over their head and their children's heads. Like food and clothing we must have a home. People don't need stocks or bonds. Therefore, you can be sure that whetherrepparttar 103846 market is high or low in growth, whether interest rates are up or down, people will be buying, renting, leasing, and selling homes. It is as perennial asrepparttar 103847 years.

This Real Estate Wave Has Been Around Awhile I don't know when you first realized we were in an up market in real estate, but it has been on a solid upward trend for at leastrepparttar 103848 last 3-4 years. It didn't just happen yesterday. Of course like anything else, awareness ofrepparttar 103849 general public is a bit latent, and dependant uponrepparttar 103850 media. It has only been lately thatrepparttar 103851 media has really focused on it and thrust it ontorepparttar 103852 front page.

The old adage "Success breeds success" is also true. The momentum will grow as other more traditional investors continue to jump onrepparttar 103853 band wagon and pour their money and resources into real estate investment. It tends to create a perpetual, self-feeding market that is ideal for more seasoned investors.

Real Estate is Local and Regional It is true that even in today's real estate boom, there are areas inrepparttar 103854 United States that are not enjoyingrepparttar 103855 high rates of return that others are experiencing. California is a fantastic place to invest, so is Arizona and a host of other places.Butrepparttar 103856 Rust Belt states are not as fortunate. Watch what happens to Florida home values after this horrendous hurricane season. This is because real estate is driven byrepparttar 103857 primary capitalistic force of Supply and Demand.

Generally speaking, property values increase in areas whererepparttar 103858 job market is strong, and where there are more people moving into than away from. Of course there are other factors to consider; including interest rates, availability of funding, climate, and governmental policies. These are all important and you must be cognizant of their impacts to your strategy.

However, it is true no that matter whatrepparttar 103859 rates are or how nicerepparttar 103860 climate is, people will continue to migrate where there are abundant job markets and affordable housing. If you can stay just slightly ahead of that migration, you will profit immensely.

Real Estate Investing is Diverse You can invest in so many different ways, from foreclosures and fix and flips, to buy and hold and everything in between. Right nowrepparttar 103861 commercial space is relatively soft. It will recover no doubt, but people investing in single family homes are probably doing slightly better in returns. Vacancies are up and rents are down for commercial properties, but fortunately,repparttar 103862 forecast is for this sector to improve overrepparttar 103863 next few years.

The key to successful real estate investing is to understandrepparttar 103864 forces, trends, and conditions that are drivingrepparttar 103865 market. BE AWARE of your surroundings; Read articles and stay on top of industry news; Look in your own area atrepparttar 103866 job market and forecasts. Check my website www.realestateinvestment.net for allrepparttar 103867 news and information you need to help you succeed in your real estate investing career.

There is no real estate bubble, but there is a real estate wave. Like any dedicated surfer, whenrepparttar 103868 surf's up, get inrepparttar 103869 water and catch a wave! But watch for danger, be flexible, and be smart. Invest wisely and you can prosper in any real estate market.

Michael Setz is the founder and publisher of www.realestateinvestment.net, the network created for successful real estate investors.


Customer Service: Stop Sabotaging Your Customer Relationships

Written by Lora Adrianse


Continued from page 1

And finally, considering that she already knewrepparttar vehicle wouldn't start, asking a woman to push a truck out of a garage seems a little unreasonable.

What Needs To Change? First, re-think your call quality standards. You may have too many standards; they may be too focused on internally created "shoulds", with very little focus on what matters most to your customers. Involve your CSR's and customers inrepparttar 103841 process.

Secondly, empower and train your CSR's to think, act and personalize service to best accommodaterepparttar 103842 given situation. One size does not fit all, or even most! Teach your CSR's how to recognize different communication styles, and then how to adapt their personal style so they can best relate torepparttar 103843 customer as an individual. In other words, teach CSR's how to treat customers how THEY want to be treated.

And thirdly, continually ask for feedback from CSR's as well as customers. Make time to find out what's working and what's not working. Pay attention to what they have to say. Make ongoing improvements that benefit everyone. Repeatrepparttar 103844 cycle.

Companies spend thousands, if not millions of dollars each year to acquire new customers, yet sometimes they forget about how to best take care ofrepparttar 103845 customers they already have.

Everyday your customers and your CSR's make decisions about whether to stay with your company or go to your competitor. Loyalty is built on good, solid relationships. Your company relies onrepparttar 103846 loyalty of your CSR's to service your customers. And great customer service can set you apart from your competition. Take action now! Stop sabotaging those relationships with unnecessary standards that don't really matter to your customers. Your customers and your CSR's will love you for it.

Lora Adrianse is passionate about helping people build dynamic business relationships in the workplace and with their customers. She can be reached through her website www.connectionscoach.com .


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