I ask myself this morning why Mr. Buffett bought Prudential and Realty Living? The only answer coming in mind is because Real Estate is going to grow in the next 3 to 5 year and as the market turns the need of professional agents with high education and pride on the profession, are going to be essential in the new era of understanding and negotiation properties.
In the residential market as the internet takes over for the introduction to customers searching for homes and the understanding the market and market conditions etc., the realtor’s job will be more challenging with a need of better understanding of technology, ethics and better preparation not only on all aspects of the transaction but also in the negotiating skills and availability of resources, such as availability of credit, understanding of customers desires and taste and real motivation, to successfully achieve a successfully negotiation.
In Commercial real estate without a high education, CCIM, SOIR among others, and profound understanding of the investment in the essential moments of the investment in real estate, purchasing the property, holding period and exit strategies, commercial brokers will not succeed
In conclusion Mr. Buffett see that the real estate market is a good investment and a good business to be part of
Jose Maria Serrano
New Miami Realty Corp.
