With local real estate merger comes some relief
October 31, 2008
While the Truckee branch of Intero Real Estate was merged with Keller Williams Friday, the second such transaction this week, it did provide relief for Intero owner Anita Noble.
With local real estate volatility in mind, Noble decided to sell off her lease.
“I woke up with the weight of the world lifted off my shoulders,” said Noble.
The office in Truckee was the sixth corporate franchise opened by Intero Real Estate Firm. Corporate Intero is not happy to lose representation in Truckee, said Noble.
“I didn’t want to close my doors down,” said Noble, “I chose not to maintain the overhead in the looming economic times.”
The merger comes just days after Coldwell Banker Incline Village Real Estate merged with Select Group Real Estate Services, a consolidation that will bring together more than 700 agents and employees spanning northern Nevada and northern California.
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“Most people understand the business decision I have made,” said Noble.
While some agents plan to stay in the Truckee office now owned by Keller Williams Noble said others are still undecided.
Statewide home financing also saw changes this week, according to the Associate Press.
California temporarily suspended two of its long-term loan programs and removed two other down payment assistance programs.
“The banks are getting all this money and we don’t have access to anything,” said Ken Giebel, spokesman for the California Housing Finance Agency.