Message from Romania
My Romanian Students have a message for you:
Group 1 said: “Romania is a geographically and culturally beautiful country with a dynamic growing economical and financial business climate and special people with high capacity. You are more than welcome to invest together with us.”
Group 2 said: “Take the opportunity of a growing market in a colorful authentic environment. Based on the upward trend of the dynamic economy the real estate market is ready to begin its next upward surge. Invest in Romania.”
The class worked on these statements for 3 days. The goal was to tell you about Romania in as few words as possible. These are the exact words of the students in English. Everyone in the class spoke some English as a second language. I felt that it was important to use their exact words.
Showing posts with label Romania. Show all posts
Showing posts with label Romania. Show all posts
Wednesday, June 4, 2008
Wednesday, May 28, 2008
Romanian Real Estate
Romanian Real Estate
It amazing how similar and how different Romanian real estate practices are from Bulgarian. The ownership laws are very close. There seems to be a lot of state owned property in both countries; but more of it is being privatized in Romania I think. The Romanians say they are about 5 years ahead of the Bulgarians. They believe that there is a bank “conspiracy” to ruin the real estate market. The market has slowed; but owners are unwilling to take lower prices so the market is stagnating.
Brokers complain that they can’t get sellers to give exclusive listings. They represent buyer and seller in the transaction. There is no MLS. Why would a seller give them an exclusive listing? They are really working for themselves. The brokers I have met are sincere. They are conscientious about developing their skills and building the industry. They are cursed by inertia.
Everyone is a real estate agent. This makes it really hard for the legitimate professionals. The most crippling aspect though is the belief that nothing can be changed. I have been coming here for 4 or 5 years now. Things have changed. It has been slow; but it is happening. The Romanians are near or at the end of a cycle. The Bulgarians are afraid that events in the USA will affect their market.
Prices in Bulgaria are so low (comparatively) that I cannot see a serious slowdown coming there for several years. As soon as the sellers get a little more motivated, there will be buying opportunities in Romania. Both countries have many really interesting old buildings that need to be renovated.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
It amazing how similar and how different Romanian real estate practices are from Bulgarian. The ownership laws are very close. There seems to be a lot of state owned property in both countries; but more of it is being privatized in Romania I think. The Romanians say they are about 5 years ahead of the Bulgarians. They believe that there is a bank “conspiracy” to ruin the real estate market. The market has slowed; but owners are unwilling to take lower prices so the market is stagnating.
Brokers complain that they can’t get sellers to give exclusive listings. They represent buyer and seller in the transaction. There is no MLS. Why would a seller give them an exclusive listing? They are really working for themselves. The brokers I have met are sincere. They are conscientious about developing their skills and building the industry. They are cursed by inertia.
Everyone is a real estate agent. This makes it really hard for the legitimate professionals. The most crippling aspect though is the belief that nothing can be changed. I have been coming here for 4 or 5 years now. Things have changed. It has been slow; but it is happening. The Romanians are near or at the end of a cycle. The Bulgarians are afraid that events in the USA will affect their market.
Prices in Bulgaria are so low (comparatively) that I cannot see a serious slowdown coming there for several years. As soon as the sellers get a little more motivated, there will be buying opportunities in Romania. Both countries have many really interesting old buildings that need to be renovated.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Thursday, March 27, 2008
Change of Schedule
Change of Schedule
The CIPS classes in the Romanian mountains have been changed to May 22 through May 29. For those of you who want to go, the class is limited to 20 students. You had better hurry.
The change in schedule means that I will be able to attend the International Real Estate Congress in Miami. This conference is from June 10-12 at the Biltmore Hotel in Miami. The congress itself is fantastic. The day is intense educational and informational sessions. The night is intense “networking activities”. The hotel is also a major part of the enjoyment.
This is a gorgeous old hotel. It is haunted and has the largest swimming pool in the Southeast. The lobby is so fantastic that “Quincineras” from all over the country come to get their picture made there. Here is a link to the congress: http://www.brokerprofitability.com/PageManager/Default.aspx/PageID=2086988&NF=1
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
The CIPS classes in the Romanian mountains have been changed to May 22 through May 29. For those of you who want to go, the class is limited to 20 students. You had better hurry.
The change in schedule means that I will be able to attend the International Real Estate Congress in Miami. This conference is from June 10-12 at the Biltmore Hotel in Miami. The congress itself is fantastic. The day is intense educational and informational sessions. The night is intense “networking activities”. The hotel is also a major part of the enjoyment.
This is a gorgeous old hotel. It is haunted and has the largest swimming pool in the Southeast. The lobby is so fantastic that “Quincineras” from all over the country come to get their picture made there. Here is a link to the congress: http://www.brokerprofitability.com/PageManager/Default.aspx/PageID=2086988&NF=1
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Subscribe to:
Posts (Atom)
