Toronto, Canada (PressExposure) March 26, 2009 -- Dimitre Nalbantov, a Realtor and real estate investor based in Toronto, is apprehensive about the meltdown of the real estate market today and expects it to continue for at least the next five years. He is advising Realtors and real estate brokers to take steps today to preserve their income and to prepare for the future accordingly. "The real estate business is no longer a guarantee of a steady income," Nalbantov says. "Anyone in this industry needs to find a better way of making money than real estate."
According to Nalbantov, this is just the beginning of the slowdown in real estate, and he expects a minimum five years before the trend starts to right itself. Because Realtors are making money only when they sale real estate properties, their income is down to all time lows. When there are no sales there are no profits, but even when there is a sale, the margins are declining as well.
According to the Canadian Real Estate Association, the national average for home prices fell almost 13% from a January, 2008 figure of $308,322 to a January, 2009 level of $273,607. Not only are Realtors selling fewer homes, but they are making less on the homes they actually manage to sell. The bad news is that the downward trends continue.
Besides his real estate endeavors, Nalbantov is an internet entrepreneur who also works as a coach and trainer, helping real estate professionals to generate additional steady income every month. "Our new internet marketing system provides realtors with a steady residual income every month," said Nalbantov. "And the best part is that they don't have to quit their current profession. This can be used to augment the steadily declining income from real estate, or even replace it entirely."
Nalbantov strongly urges his colleagues to take action now rather than waiting in the wings, hoping for things to improve, because they won't, at least not any time soon. "Even if you choose to stay in the real estate game," said Nalbantov, "starting an online business gives you staying power. With money coming in, you can wait out the storm. Provided of course you even want to go back. Many people do so well with online marketing, that they make it their new full-time career."