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Published March 13, 2009, 01:55 AM

New broker plans to match sellers and buyers

For Ulysses Awsumb the new era of recession is not one of doom and gloom but an opportunity waiting to be had. The young real estate broker has opened an office in Hudson, the Awsumb Agency, in Tulgren Square.

By: Margaret Ontl, Hudson Star-Observer

  • Ulysses Awsumb
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    Ulysses Awsumb has opened the Awsumb Agency in Hudson offering real estate brokerage services.

For Ulysses Awsumb the new era of recession is not one of doom and gloom but an opportunity waiting to be had. The young real estate broker has opened an office in Hudson, the Awsumb Agency, in Tulgren Square. He started in the business seven years ago, working in development and redevelopment of properties in the Twin Cities and Mankato.

“I started the agency in late 2008 to meet the changing needs in the real estate industry,” said Awsumb. “We are going to create a new business model for real estate. It will be real estate tailored to your needs.”

With 800,000 square feet of empty space in Hudson, Awsumb sees a lot of room for new services, different services and competition.

“I decided in high school that I wanted to be in real estate,” said Awsumb, who designed his own curriculum while attending Cretin-Derham Hall, to study six different industries and learn what was similar in each one.

“We will provide a complete analysis of sites, use an income approach and figure out the value for the buyers and sellers based on the return,” said Awsumb.

The Awsumb Agency will have promotional offers including putting clients in a network.

“When buying property they should be plugged in so they understand who their customers are,” said Awsumb, who will be providing residential, commercial, investment and business brokerage.

“We try to work with both the buyers and the sellers to reach a price based on the historic return and the returns they need to make it work,” said Awsumb, who plans on changing the model for real estate agents as well.

You may contact the Awsumb Agency at (612) 685-2226 or visit its Web site, which is under construction at www.awsumb.net. The business is located in Tulgren Square at 209A Second St. Hours are Monday-Thursday from 8 a.m. to 6 p.m., or by appointment.

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