Lifetime Access to Monthly Podcast

Is 2009 finally the year for you to start a new career in Kentucky real estate? We know you've probably thought about getting into real estate for a while, but lets face it, with the upcoming focus from our government in Washington on home ownership along with record low interest rates they'll be lots of real estate sold during 2009. The only question is who will earn the commissions? Part of those commission could be yours if you position yourself to take advantage of what's happening in the market, but even if you decide to get your license you have to decide which real estate school you should attend.   

We could ramble on about how more Kentucky Pre-license Real Estate students are choosing Thornton’s Real Estate Academy and how our online pre-license and continuing education classes are delivered at our state of the art learning management websites, but that doesn’t necessarily help you.

We are now the largest real estate pre-license school in the state of Kentucky

First, let me start by saying I (Todd Thornton) don't agree with all the bailout plans, but the government is determined to spend taxpayer money so it makes sense for you to position yourself to make money. Over the next few weeks and months, you'll see details emerge in regards to the different mortgage bailout plans. What do these plans mean to the real estate business? I can't predict which plans will ultimately survive, but it's pretty clear they are going to throw lots of money at the problem and you'll probably see a larger percentage of the defaulted mortgages renegotiated with lower interest rates, longer terms, and possibly some debt forgiveness. (lowering the balance owed) That should provide some stability to the housing market particularly in the areas with a lot of inventory already, but you now have a situation where the Federal Government is making its mission to improve housing prices and increase sales. Everyone in Washington feels like housing price stability is the key to economic recovery. While that's probably not entirely true, the politicians believe it and it's possible you will see additional tax incentives to buy property in the very near future and/or special loan programs with very low fixed rate loans for first time home buyers.

There's a growing group of economists that believe the government should provide 30 year fixed rate loans to buyers with interest rates only around 4%. If this happens, it would likely be implemented relatively quickly and could dramatically raise housing demand overnight because just about anyone working might be able to afford to buy. (First time home buyers would be lining up) That's particularly true in areas where prices have also fallen over the past couple of years. That of course would be good news for those who are licensed real estate agents or the very soon to be licensed. Think about it. You'll be selling something that the Federal Government is pushing and in some cases backing with taxpayer money. We can argue all day long about whether they should, but it's clear to me they will do something and the short term effects may be very positive for real estate sales. In my humble opinion, twenty years from now it will be obvious the Federal Government created additional problems and shouldn't have bailed people/banks/auto manufacturers out, but I'm talking about now and how you can succeed in sales and improve your own financial situation. In a few years, you might be retired after having a very lurcrative career in real estate sales.