Top 3 Jobs the Real Estate Slump is Helping
Posted Jul 22, 2008 @ 11:52 am, Viewed by 258 Visitors, Read 269 Times.
When it comes to the real estate market and the slump felt across America, there are a few areas of the business sector that are booming. These markets have little to do with physically selling homes and more to do with the home trashing that occurs when the home is foreclosed upon. If you own a home cleaning business, general contracting business or a landscaping business you may not be crossing your fingers for the inevitable up turn.
Home cleaning businesses traditionally market their services to the public sector. But, with the huge rise of home foreclosures, these small mom and pop businesses are seeing a rise in sales for their services. When a home is going into foreclosure, the anger surrounding the fact that the homeowner will lose their pride and joy creates a flurry of activity that may leave the home trashed in the process. With a trashed home, the bank can expect never to sell for a meaningful price. Insert the home cleaning business. Banks are picking up on local home cleaning in order to prep the home for sale in the future.
Along these same lines, a total trashing of the home is not unheard of. When a home is destroyed with broken windows, holes in the walls and stained carpets, the home needs to be repaired before it can be listed for sale. The general contractor is the one who the bank will call. Many general contractors are taking the home foreclosure rates all the way to the bank and making quite a good income repairing the homes for future sale.
Landscaping is the last thing people think about when they envision the real estate market. But, we all know that the curb appeal of a home can sell that home before the potential buyers ever walk through the door. In order to increase curb appeal, the banks are subletting landscapers and lawn care businesses to tend to the lawns and flowers of the home. With a neat, clean façade, the potential buyer is more apt to take notice of the value in the foreclosed home.
Just because the real estate market may not be in its prime does not mean other businesses are not flourishing due to the home sale foreclosure spike. Not all aspects of real estate focus on the home sale some focus more on the preparation for the sale in the future.
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