Bni Presentation 12 2 08
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Transcript of Bni Presentation 12 2 08
![Page 1: Bni Presentation 12 2 08](https://reader036.fdocuments.us/reader036/viewer/2022062319/555e31b9d8b42a384f8b5cb6/html5/thumbnails/1.jpg)
Re/max Associates Plus
Luehrs Real Estate
![Page 2: Bni Presentation 12 2 08](https://reader036.fdocuments.us/reader036/viewer/2022062319/555e31b9d8b42a384f8b5cb6/html5/thumbnails/2.jpg)
Sales Activity
• Sherburne County • 2007 - $250.3 Million
• 2008 - $174.4 Million
• 30% decline in sales
• Wright County• 2007 – $376.3 Million
• 2008 – $282.9 Million
• 25% decline in sales
![Page 3: Bni Presentation 12 2 08](https://reader036.fdocuments.us/reader036/viewer/2022062319/555e31b9d8b42a384f8b5cb6/html5/thumbnails/3.jpg)
Sales Activity Cont.
• Hennepin County• 2007 - $3.98 Billion• 2008 - $ 2.98 Billion
• 25% decline in sales
• Anoka County• 2007 - $819.9 Million• 2008 - $644.3 Million
• 21% decline in sales
![Page 4: Bni Presentation 12 2 08](https://reader036.fdocuments.us/reader036/viewer/2022062319/555e31b9d8b42a384f8b5cb6/html5/thumbnails/4.jpg)
State of the Real Estate Economy
• Expected sales in 09 to be similar to 08, however, there is expected to be 25% less realtors nationwide
• Sales proportions– Foreclosures vs. Standard Listings
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CMA Elements
• Marketing Plan and Capabilities– Online presence– Realtor Database– Other Marketing Avenues
• Plasma TV’s• Local Papers• Ect.
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CMA Elements Cont.
• Property Statistics – what information did the realtor bring?– Local Market Stats– Sales Activity– Active, Sold and Expired Activity– Days on Market– Price
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How to Select a Realtor
• Marketing abilities• Experience• Validity of information brought to CMA
– Properties brought to compare
• DO NOT CHOOSE YOUR REALTOR BASED ON PRICE!!!!
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Referral Sources
• Buyers and Sellers• Relocation Clients
– Sellers moving out of state– Buyers moving to MN
• Builders• Estates• Divorces
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Referral Sources Cont.
• Realtors– Part Time Realtors– Realtors recently out of the business
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Thank you