Chicago, IL (Vocus) October 12, 2010
The owner of RE/MAX of Barrington has accomplished a thing couple of genuine estate specialists have dared to do in this economy: He?s grown his organization by acquiring another metro Chicago actual estate workplace.
Paul Wells, broker/owner of RE/MAX Barrington at 306 W. Northwest Highway in Barrington, bought Lake Barrington Realty in early October, which is situated at 5043 Shoreline Road in Barrington. The office is renamed: RE/MAX Now.
The acquisition brings seven new agents to Wells? current brokerage. In total, Wells? RE/MAX offices now boasts 50 agents.
This move may seem risky in a residential housing industry that is sluggish.
But Wells disputes this: In his view, this was the perfect time to make the move.
?I go with what Warren Buffet has always stated. I have to do what absolutely everyone else isn?t undertaking,? Wells mentioned. ?You can?t be afraid to expand since of a tough marketplace. I saw this move as an opportunity to help clients obtain much more exposure for their homes and for our agents to acquire far more company. If I would have decided to wait until the industry got stronger, it may have been too late to make this kind of move. Now was a wonderful time to buy the office.?
The agents with the former Lake Barrington Realty specialize in serving the Lake Barrington Shores area, a improvement of roughly 600 attached houses. Wells? goal is to have these agents enhance their expertise to incorporate the detached homes in the region and to give them the presence of a national brand. It?s this kind of progressive thinking that has led RE/MAX of Barrington to succeed in a marketplace that has tempted other brokerages to close their doors.
?I put a tremendous effort in trying to make every thing operate,? Wells said. ?I?m not content to rely on old tips. In these days?s market place, you have to be revolutionary. That?s the only way to succeed right now. My job is to come up with new suggestions and make new moves that can best help my agents and their customers succeed.?
In suport of his philosophy, Wells points to the workplace meetings that he schedules for RE/MAX of Barrington. During these meetings, Wells brings in motivational speakers, economic specialists, effective true estate brokers and anyone else whom he thinks can give his agents with tips for succeeding in a hard genuine estate market place.
In the course of a latest meeting, Wells brought in a specialist on virtual tours, a commercial broker who spoke about the steps to take to earn referrals, two financial planners who discussed the methods in which genuine estate agents can earn and preserve a lot more income, a specialist on the enterprise positive aspects of social networking and a economic skilled who offered ideas on what banks anticipate from Realtors