Shift in Real Estate Industry Propels Local Agent to Top
St Charles, IL Real Estate Agent Ready for Next Wave in Real Estate
St Charles, IL (I-Newswire) February 20, 2013 - Fox Valley homeowners are well aware of the real estate bubble that burst back in 2007. A lot of residents have seen the value of their home slip in recent years. This, along with other economic forces, has led to bankruptcy for some and seeing a valuable asset underwater for others. The result of this being foreclosures and short sales making up a bigger chunk of available real estate year after year.
While a lot of Realtors in the tri-cities saw steep drops in production as a result of this shift, those agents that were prepared for it have leveraged it to their advantage. The Kombrink Team at RE/MAX Great American North in St Charles, Illinois has indeed made lemonade out of lemons. By studying the short sale process, meeting with asset managers from local banks, and continuing their education to obtain knowledge of this new landscape they were able to help local homeowners in distress.
According to Matt Kombrink, Team Leader for The Kombrink Team, short sales and foreclosures now make up over 55% of their business. “It’s definitely been a learning process,” says Matt. “Over time we’ve come to learn what to expect from the individual banks and asset managers. Now we’re able to help these distressed homeowners get out from under this burden in a more efficient way. It’s no fun to learn you’re underwater on your mortgage, but meeting with a prospective seller to explain they have options puts their mind at ease.”
As a result of The Kombrink Team’s continued success with this new real estate trend, they have been selling more homes than ever. At the recent awards banquet for RE/MAX of Northern Illinois, they were ranked the #1 Team for units closed for 2012. The Kombrink Team closed on 380 properties in 2012, 58% of which were short sales and foreclosures.
“The impact of all this has obviously been that we’re seeing home prices drop,” says Matt Kombrink. “But eventually prices will level off and the market will regain some stability. While that’s not great news for local homeowners, it should ensure we don’t have to go through this again.”
About The Kombrink Team at RE/MAX Great American North
Residential real estate & property management in Chicago's western suburbs-serving Batavia, Geneva, More..St Charles IL & surrounding areas with integrity since 1991.
For 21 years now, our team of real estate agents have offered an online resource of homes for sale in Geneva, St Charles, Batavia and the surrounding area. Utilizing the latest home buying tools plus a staff of Realtors, we'll make finding your dream home a breeze. With our cutting-edge marketing, we put your home before more home buyers than any other agent! You can trust that when you work with our team you'll find honesty, integrity and a genuine interest in helping you!
See what The Kombrink Team is doing differently than every other Realtor. When you're ready to put us to work, give us a call at (630) 488-3300.Less..
The Kombrink Team at RE/MAX Great American North
40W160 Campton Crossings Dr
Phone : 630-488-3300
Published On:February 20, 2013
Print Release:Print Release
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