I am NOT a realtor ...

[Real Estate Forum]

but I play one online :D

[minnesota-mls]

I am actually a Realtor....working here in Minnesota and wanted to get some thoughts from the community in regards the latest legislative changes. Specifically, what do some of the other buyers and agents out there think about the passing of the bill that ends many of these various down payment assistance programs as of Oct 1st? In other words, Ameridream, the Nehamiah program, etc.

How do you see it impacting your local marketplace? Have you noticed an impact already?

Here in Minneapolis, a lot of the real estate here is still "on sale" if you will. Though higher MLS inventory levels are creating longer market times for sellers, that is not holding back many buyers from getting into the game.

The market here is most assuredly balancing out however..slowly but surely. With less and less homes being put on the market, more pending sales, and less overall inventory...things are looking up.

I honestly believe, even with the elimination of these first time buyer down payment assistance programs, strong first time buyers will still be able to get a loan. There are a number of great products out there, and I don't anticipate a huge downturn from the cut of these abovementioned programs.

Looking forward to hearing others' thoughts in regards to how this will impact your local market.

[jvcus17]

im not a realtor however im willing to learn about real estate because sooner or later im going to be realtor someday

[San_Cristobal_Real_Estate]

Same here, I am systems engineer who is partnering with a Real estate agent... want to get into the biz soon, but I have to figure out how to do it as a gringo in Mexico.

[Nat_Ferguson]

I am a Realtor, but not for long! I'm closing my final escrow Thursday of this week! Yippie, retirement from having 20 bosses here I come!!! :D

[Realty Scalperz]

I am not a realtor, but will be someday!

Or maybe a landlord nowadays :)

[Codythebest]

I am a Realtor, but not for long! I'm closing my final escrow Thursday of this week! Yippie, retirement from having 20 bosses here I come!!! :D

20 bosses?? It's time to retire then.
I'm a Realtor and I have 0 boss...

[Nat_Ferguson]

Bosses as in "Client's". ;)

[Codythebest]

Bosses as in "Client's". ;)

I've got that one. I refuse that my clients become my bosses...

[bg233]

I'm looking into becoming a realtor in possibly the worst housing market of all time

(http://www.mandtreversemortgage.com)

[Nat_Ferguson]

bg233, you'll need to have more positive perception of the marketplace if you plan on getting into this business and succeeding! I recently departed after 5 successful years, just don't let anyone talk you into it. My advice... make sure your Broker is providing good E&O insurance, this is the kind of market environment where you'll need it.

[Homeland Assistance]

I am not one either :eek: