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<p>[QUOTE=&quot;JCB1983, post: 1589772, member: 23885&quot;]<p style="text-align: left"><span style="color: #000000"><blockquote><p>Now, for the 2nd part of your contest, I present my idea. I was lying awake in my bed last night, letting my brain wander, thinking about real estate and how I could devise something that would pique your interest for increasing activity in the world of real estate. Take my submission with a grain of salt, knowing that I know NOTHING about real estate beyond common knowledge.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">As for my idea, it is for an all-encompassing real estate relationship between a realty house or independent realtor and a homeowner/neighborhood for the duration of the homeowner&#039;s time in the home. In essence, the job of a realtor would be turned into a longer lasting agent for the home, just like people has agents in various career fields, a home would be represented by an agent to maximize its economic potential for the homeowner as a means of equity for the homeowner, the effect of the home on the value of homes surrounding it, the financial/taxation interaction with the municipality, the purchase/eventual sale of the home, and finally, third-party work required for the home in general upkeep, expansion, and repair. I would liken this to combining the benefits that a renter receives from a landlord, while also creating more business and jobs in real estate, construction, landscaping, tax revenue, increased sale prices realized, etc. The realtor would now become a liaison/agent between the homeowner and the various entities that a homeowner interacts with during a home&#039;s lifetime.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">To demonstrate the potential benefits of such an arrangement, I will take a chronological, top-down approach to who gains and why from such an arrangement. First, the realtor and potential owner would enter this liaison contract, and in doing so the realtor would waive any fees associated with representing the purchase of the house. The costs of this could be initially offset by a tax incentive deduction on either that state or federal level, for either or both the realtor or the homeowner. Once the home is transferred to the realtor&#039;s client, this homeowner would be responsible for paying a monthly/yearly fee to the realtor for the potential upkeep, weekly landscaping, needed emergency repairs, etc. This payment would be likened to an all-encompassing policy to keep the home always in great shape, both physically and financially.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">These contracts, once accrued would provide enough income to the realtor to cover potential disastrous claims, just like the way term-life or major medical insurance works. If you have the number of policies X, times their premiums, minus the costs Y of the payouts to the homeowner or contractors gives Z, the hopeful profit to the realtor for representing the homeowner to the world. When dealing with contract work, the realtor would develop relationships with local businesses, creating not only local growth in the economy, but also discounts in rates as the realtor refers these businesses to their numerous homeowners.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Another potential part to this relationship could be replacing the weekly/monthly premiums paid by the homeowner to the realtor with a lump sum percentage based on the homes sale price if in the house for less than a certain amount of time, for example 5 years. And if the homeowner lives in the home for longer than said period, the realtor could receive a percentage of the home&#039;s appreciation after every such 5 year period. I know this is a very comprehensive idea, but I know from the news and within my family, that the real estate market slowly getting back on its feet.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">I believe that with a government, that currently has a federal reserve loaning out money at all time lows, keeping mortgage rates down to all-time low APR and percentage points. Also, with the potential for additional stimulus packages, I think something like this the provides benefits across a broad spectrum of society, whether it&#039;s down to the individual who doesn&#039;t have to worry about finding the money to repair a roof, to a realty house the now has so much new business and revenue generation (creating the need for young new realtors/&quot;homeowner agents&quot;) to the tax benefits on the municipal, state and possibly the federal levels.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">So, in conclusion, a homeowner enter a long-term contract with a realtor paying premiums to cover work needed for the house from major repairs, property tax payments negotiation and reduction possibly, down to sending over a local landscaper to do weekly work in a new subdivision that the realty house has gained rights to any new homeowners in the neighborhood from either the developer or homeowner&#039;s association. The simple math would be, hopefully enough premiums would be paid to the realtor to cover all the work the realtor is now doing for the homeowner. There is a gain in free time in the homeowner&#039;s life and not having to self-educate when needing to interact with municipalities, insurance agencies, etc. The realtor gains numerous revenue streams, clients, referrals, and simply more work to get their businesses moving again, because. as we now know, the home market in the United States is not always increasing in value. However, with responsible homeownership and the new stewardship of these homeowner agents, the market can grow substantively, while also creating ancillary benefits for the rest of the community: through the demand created for local businesses to complete work and services required for the asset of which the realtor is now a steward.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">To finish, thank you for the contest. I really appreciate your generosity and consider you an asset to the CT community. I say this as if I&#039;m a moderator or something, but I just want you to know that I appreciate this place so much and people like you make it all the more better, interesting, satisfying, fulfilling and rewarding. Thanks again!</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Sincerely,</span></p> <p style="text-align: left"><span style="color: #000000">Michael </p></blockquote></p> <p style="text-align: left"></span></p> <p style="text-align: left"><span style="color: #000000">Read more: <a href="http://www.cointalk.com/private.php?do=showpm&amp;pmid=465695#ixzz2EfRzWkek" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/private.php?do=showpm&amp;pmid=465695#ixzz2EfRzWkek">http://www.cointalk.com/private.php?do=showpm&amp;pmid=465695#ixzz2EfRzWkek</a></span></p><p>[/QUOTE]</p><p><br /></p>

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