MINNESOTA PROGRAM
“RENT NOW AND SELL LATER”
SEMINAR
Wally Mackey, President of Sycamore Group, Inc. announced his new seminar on the demographic impact on the current residential real estate market. Mr. Mackey earned a Master Certification from the Economist Harry S. Dent Advisers Network; and he is licensed to present Mr. Dent’s research to the general public.
In 1993, Mr. Dent published his first bestselling book titled, The Great Boom Ahead, forecasting great stock boom in history, followed by a decline in the real estate market in 2006 and the next great depression in 2010. Obviously, his forecasts on the economy boom and the fall of residential real estate prices have been proven true. His bestselling book, The Great Depression Ahead expands on his 1993 forecast. Dent says the country will experience a stock market crash and enter the next great depression in 2010, lasting over a decade!
Wally Mackey will teach attendees the principles of demographics and the proven predictable adult spending pattern used as the basis of Mr. Dent’s forecasts. These seminars will be conducted in the Minneapolis-St. Paul area starting in January 2010. For an invitation, simply call 888-898-2561. Homeowners, renters, and real estate agents are welcomed. The seminars are sponsored by Charles Maiwurm with Independent Brokers Reality.
The “RENT NOW, SELL LATER” Program is designed for the millions of despite homeowners across the country trying to sell their house in the most difficult real estate market in history. Most sellers are being forced to lower the asking price only to get offers even lower. Many times the offers come from real estate speculators.
As an alternative to an immediate sale, demographics indicate a delayed sale may prove rewarding. While waiting three years, the seller simply rents to generate an income; then, sells in forecasted better time.
Demographics show a substantial number of renters seeking single family homes. Some foreclosures involve qualified renters, apartment renters want to trade-up to a single family home, and many home purchasers are simply delaying the purchase until the market stabilizes. Current market conditions favor matching renters with sellers.
During the seminar Mr. Mackey will show how every product has a specific purchaser. For example, motor cycle dealers know their best prospect is a male age 47-50. Manufacturers of potato chips sell the majority of their chips to families whose head of household is age 42. Residential real estate is no different. Starter homes are mainly sold to couples 33-years old. Trade-up homes are mainly sold to couples age 44. Knowing the product profile and demographical data, Harry Dent has successfully forecasted the annual sales of thousands of products far in advance. In 1993, he accurately forecasted Harley Davison would experience a decline in sales after 2006, and they did.
The seminar will teach the typical real estate buyer profile and how this buyer characteristic is defining the current real estate residential sales. Additionally, he will discuss the characteristics of the typical single home renter and the advantages of the new “RENT NOW AND SELL LATER” concept.
The home buyer profile is currently a Generation X adult. In 1962, the number of births rapidly declined until 1969. The adults born during this period were never named because statisticians deemed this group to be statistically insignificant. The annually rising birth rate of the baby boom generation forced a real estate boom, but as the boomers aged, the much smaller Gen X population became the new buyers. The law of supply and demand forced deflationary pressures on the residential real estate market.
Seminar attendees will learn the impact of this transition on their efforts to sell their home. The fact is there are fewer qualified buyers. The result is fewer sales. The unemployment rate is not the cause of the falling real estate market, and the problem is long-term!
The “Rent Now and Sell Later” concept is a delayed residential real estate sale. Some homeowners will find the concept valid; particularly, for those who need to move now but unable to locate a suitable buyer. The idea is to generate an income while waiting for the ultimate sale!
A suitable renter is defined (in part) as a potential buyer at a later date, but unable to obtain a reasonable mortgage. In some cases, the home is rented using the “Rent with Option to Buy” approach. In every case, the homeowner can generate an income to facilitate moving to their next home.
Renting your house isn’t a do-it-yourself project. Professional property management is recommended. The first task is to locate a suitable renter; someone able to pay and maintain the home in good order. Credit/background checks, financial profiles, and previous landlord references are mandatory. The greatest homeowner concern should be “keeping the house safe and sound.”
The “Rent Now, Sell Later” Program offers special services to handle everything! While the homeowner may be thousands of miles away, management locally will collect the rent on a timely basis, dispatch professionals as something needs fixing, and make periodic inspections. A professional property management service fee is paid by the renter. The homeowner only pays a small out-of-pocket retaining fee. All of the details will be explained at the seminar.