Is selling LI better than selling RE, and why?

[ajtour42]

Same in Ohio! $200K in my town will get you a very nice 4 BR, 2 BA house with a beautiful yard. (Granted, we also have our fair share of both the $2M variety and the $20K variety.)

Here are the +/-'s I'm thinking of:

Insurance
+ residual income
+ rewrites whenever clients' needs change
+ referrals
+ fairly low start-up costs, especially if you use creative ways to generate business instead of buying leads
+ ability to do business mainly over the phone and computer if you so choose (i.e. no physical showings, open houses, etc.)

Real Estate
+ higher commissions (but is it worth it for the work involved in a single sale?)
- pretty steep franchise fees for using the brand name (i.e. Re/Max)
- harder to make a name for yourself (in my area, it seems like there are four or five power brokers, and the rest of the realtors sort of fight over the leftovers)

 

[James]

Same here in Tennessee, 200 grand will buy you a nice home in a good area for the most part. I just don't get how average income people make it in places like Delaware, California, Mass and so on.

 

[WBunch]

Same down here in my hometown...You can get a nice 4br in the 150-200k in a nice neighborhood...Granted you don't live in a planned or gated community then your looking upward of 500-800K

 

[James]

Same down here in my hometown...You can get a nice 4br in the 150-200k in a nice neighborhood...Granted you don't live in a planned or gated community then your looking upward of 500-800K

Yea, but who wants to live in a Ghetto?

 

[Newby]

Ok, I'll bite. Where do you live that a house costs between 100-200K?

Geeezzzeee JR!?? Come to Evansville, Indiana! I can find you very nice 3,000+ sq ft homes in great neighborhoods with cement ponds and 2.5 car garages all day long for $200,000.

You gotta get out of that burg you're in. Get away from all them Democrates and their high-dollar ways. Come to God's country! We'll raise your standards and lower your cost of living.

 

[BKrocko]

Last week, my client was the featured Realtor on HGTV's House Hunters. That was pretty cool. I called him and tried to have him hook me up with Suzanne Whang but - no go, only the film crew was there. She only appears after the taping.

In Denver, a small starter home will be a little over $200K - and that's if you are willing to put in some sweat equity. If you want to start out with anything better, start looking at about 300K+.

 

[theozellgroup]

No matter which one you choose, the prospect is going to be subject to underwriting. It may be easier these days for a person with a few dings on their medical record to secure coverage. A person with a few dings on their credit record may not be so lucky securing a loan in today's market. Just food for thought.

AND THE TRUTH WAS FINALLY SPOKEN!!!!

 

[GreenSky]

AND THE TRUTH WAS FINALLY SPOKEN!!!!

Took you 3 years after this thread died to post that. But I'm sure the kudos are appreciated even though the poster who made this wonderful "truth" hasn't been here for almost 2 years.

Maybe I can find his email address and give him the good news.,

Rick