This is it folks… the last Real Estate Insider after 32 years of writing them. Those of you who have owned in Summit County for that long have received this newsletter over 120 times and have seen it grow from an ugly one page dot matrix printed black and white publication to the four page full color issues of recent years.
The content has not changed, however.
I’ve reported honestly and accurately on market trends through boom and bust periods alike. Tough times like the 1986 DOW panic (down over 200 points in one day!!), 9/11, the Dot.com bust, the Lehman melt down, and heady times like the first home sold for $1 million in Summit County, the 75% run-up in average price from 2004 to 2008, and from prices that averaged under $100,000 in the mid-80’s to nearly $700,000 toda
Since 1985 I’ve given you my best opinion of what was to come and advice on how to prepare for it. Many of you have thanked me over the years for that advice and have done very well because of it.
I’ve never resorted to puffery or hype to boost my business or our market. I learned early on that over promising doesn’t pay. This has not sat well with some buyers and sellers, but I’ve rarely been proven wrong. I’d rather be considered too conservative than to promise what can’t be delivered.
Sometime in the next few months I’ll be wrapping up my practice. Until then I’m still in the same full time business. I won’t become a part-time broker.
In my opinion, as I have indicated over the years in this newsletter, there is no such thing as a part-time broker. There’s a lot more to serving the public in the most complex and expensive transactions they’ll do in their lives than making a few phone calls from the couch and getting a big check.
When I stop taking listings and working with new buyers at some point in the next few months, I’ll turn my client base over to Jason Smith, owner of Colorado Real Estate Company.
I chose Jason because he’s established and works in a lot of the same neighborhoods that I’ve specialized in for the past few decades. A lot of you already know of him through his mailings. He’s got ten fewer years experience than I do, but has averaged the same number of transactions as I have per year.
Most importantly, he’s a serious full-time Realtor who takes care of his business in the same spirit that I have. I’ve found in my dealings with him over the years that he’s more about fairness and honesty than just getting the next deal done. Just like me, I don’t think he cares enough about the money to lie.
If you get to work with Jason, I think you’ll be just as impressed with him as I have been. I know you’ll be taken care of at the same high level as I have worked to do for all of these years. I’ll send you all his contact information when I get closer to the time.
I’m available until then, of course.
So after nearly 1100 transactions and after 32 years of being on three ring alert seven days a week, after well over a quarter-billion dollars in sales, soon I’ll take the rest of the day off.
I want to thank each and every one of you who have supported my practice for all these years. I wish you all well and many happy years of enjoyment of your place in Summit County.