oldie but goodie: The Market Crash Revisited.
- 09/28/13 09:56 PM
So this morning I was reading through some of my older articles and found the one below from October 2007. At that time we were heading into the worst of the real estate market crash. Many agents were struggling so I used this article to dish out some perspective.
You can read the original comments here.
To give you a real picture of how fast the market changed here are my personal sales figures for this period.
2005 50 Sales Average price of $160,000
2006 26 Sales Average Price of $229,500 (slowing sales but prices still jumped)
2007 22 Sales … (11 comments)
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oldie but goodie: ActiveRain. The Bad, The Good And The Ugly!
- 11/12/12 10:19 PM
Good morning folks. Do you ever wonder what when on at Active Rain back in it's very early days? Well here's an article I wrote back in November 2006 highlighting some of the top articles of the week. ActiveRain was about 6 months old at the time and had a few thousand members. Enjoy!!!
First posted November 13, 2006
I don't know if you guys have noticed, but what an awesome week we have had on ActiveRain. Man, I love this place! Here is a list of some of my favorite ActiveRain moments.
We've had:
… (6 comments)
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oldie but goodie: The Tale Of Mr. Ive B. Screwed
- 09/02/12 10:46 PM
***First posted on 23 September 2006 as:
The sharks have had their fill................... I just got off the phone with Mr. Ive B. Screwed. Seems like a nice young man from South Florida, I could hear babies crying in the background. Mr. Ive B. Screwed bought a house in Poinciana, January of this year. He’s never been toPoinciana but based on advice, he received from one of his neighbors, he decided Poinciana would be a great place to purchase a new home, then turn around and sell it for a small profit. Well, unfortunately for Mr. Ive B. … (11 comments)
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oldie but goodie: My Very First Blog Article. Bubble? What Bubble?
- 06/24/12 09:29 PM
OK so this one is a real blast from the past. first written in July 2006. Pretty much right when the market turned. It was also when I took the above picture.
Has the bubble burst? Or is it just slowly deflating?
My market area is Poinciana one of the fastest growing PUDs in the country located in Kissimmee, Fl. As of this morning there were 1434 homes on the market in our two zip codes ranging from $135,000 to $650,000. Twelve months ago there were approximately 250 homes on the market. Where have all the Buyers gone? … (5 comments)
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oldie but goodie: Fickle Fantasy Forever Forgotten Again!
- 05/14/12 11:15 PM
This morning, I woke up about 7am to the smell of fresh brewed coffee and the sizzle of thick slab bacon slowly cooking as TLW prepared me a gourmet breakfast to enjoy as I recline in my Tempurpedic Craftmatic AdjustableVibrating Bed. As usual I log on to ActiveRainwhile simultaneously activating my Bluetooth ear appendage and preparing to deal with today's business.
My first call came in at around 8:30, from one of my Sellers, asking me to reduce their listing price as they now felt the need to "give their house away". Obligingly, I agree.
At 9:00, … (14 comments)
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oldie but goodie: Get Your Face Out There To Get More Listings
- 05/01/12 11:05 PM
Hi folks. Here's an article I wrote 5 years ago. Maybe some of these tips will help you in your business.
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"Broker Bryant, will you list our house?" Originally posted May 19, 2007
Today, I'm going to write about my week as a listing Broker. Not quite sure where this is going to end up but let's see what I can come up with. Maybe, it will be educational, maybe not. Either way it will be my post for today. Sometimes, I just have to start typing to get the juices flowing.
I had a pretty busy week when … (109 comments)
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oldie but goodie: How Many Properties Do You NEED To Sell Next Year?
- 10/21/11 08:01 AM
Hi folks. We are quickly closing in on 2011. With that in mind I am writing this post to give you a very simple way to achieve your financials goals for next year. First I want you to punch your numbers into this chart. We are looking for how much GFI (Gross Commission Income) you need to meet your financial obligations based on the lifestyle you want to live.
The amount of GCI (Gross Commission Income) needed is $117,500. So how do you get there?
Average sales price in your market area X the average commission X your % split=Your … (52 comments)
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oldie but goodie: Are You A Picker Or A Producer?
- 10/15/11 01:25 AM
Generating business. Do you do it? Or are you relying on your Broker or your team leader to provide you with business? If you are not generating your own business then you are working a job. A job that can be snatched from you at any time. Personally, this is not a position I would want to be in.It’s also a position that will limit you in your career. You are depending on others to provide your income. To a Broker you bring less value to the table than an agent that brings business with them. You have very little negotiating … (43 comments)
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oldie but goodie: Make Sure Your Offer Makes Sense
- 10/07/11 12:24 AM
Yesterday was a pretty good day. I got to do the thing I enjoy most about Real Estate and that is negotiating. The good thing about negotiating is, that if I’m successful, I get to place one of my listings pending. That means that in 30 days or so, my Sellers can move on with their lives and I get paid. I love that, getting paid. One of my favorite things. The reward for all my hard work. Of course “The Lovely Wife” and the relative I never asked for, Uncle Sam, get most of it, but that’s OK, I … (13 comments)
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oldie but goodie: Life is a Struggle but.....there's always Hope!
- 09/24/11 12:52 AM
Hi folks. I was going through some of my older articles this morning and came across this one. It reminded me of how we get caught up in our own struggles sometimes and forget that others have it much worse.
Originally written in April 2008
Life is a Struggle...but.....there's always Hope! This post is not about real estate. BUT.....it's something I have to write. It will also not be politically correct so you have been warned.
TLW's last post mentioned one of our tenants that was shot and killed by the police department this past Thursday. This post will delve into … (14 comments)
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oldie but goodie: Master "The Presentation" And Become A Champion.
- 08/12/11 03:45 AM
Presentation is so important. The way we present information. The way we present ourselves. The way we present our responses to objections. Being a good presenter will make your business easier and will help to build your reputation as a fair person. And this of course will make people want to trust you. Here are a few examples of what I'm talking about. In my area it is common to see co-broke commissions in the MLS like this 3%-$295. How does that make you feel? It makes me feel slighted. I feel like they have given me something and then taken … (17 comments)
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oldie but goodie: I Only Have A Kitchen Because It Came WIth The House!
- 08/05/11 09:14 AM
The Lovely Wife has a note posted on our refrigerator that reads "I only have a kitchen because it came with the house." Now I'm not sure but I think this means I will either be cooking my own meals or going out to eat a lot.
Anyway, this got me thinking about things Sellers have done to their houses that they like and think every potential Buyer is going to fall in love with. Thereby making their house the best one on the block. And of course justifying a much higher asking price.
A few years ago I met with … (22 comments)
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oldie but goodie: My First Blog Post on Active Rain Went Like This......
- 05/03/11 12:07 AM
John McCarthy has a featured post today.....
Do You Remember Your First AR Blog...And Your First Commenter? So I went back to see what my first post on Active Rain was. It was written on July 8, 2006 and was about the hot topic at the time. The Real Estate Bubble!!!
Check it out.......
Has the bubble burst? Or is it just slowly deflating? My market area is Poinciana one of the fastest growing PUDs in the country located in Kissimmee,Fl. As of this morning there were 1434 homes on the market in our two zip codes ranging from $135,000 to $650,000. Twelve … (18 comments)
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oldie but goodie: A. House Tells His Story Of Loneliness!
- 10/25/10 12:53 AM
Hi folks. I wrote this little story back in October 2007. We were just starting to get into the thick of thngs with foreclosures. This same house today would sell for about $65,000!!!
ORIGINAL ARTICLE
Hi humans. My name is A. House and I'm five years old. I know that doesn't sound old to you but for A. House in Poinciana Fl that's pretty old. Some nice folks gave birth to me back in January of 2002. They liked me a lot. They made me look real purdy too. I was dressed up in bright red carpet and … (27 comments)
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oldie but goodie: Closing Day Issues Can Cause A Hole in Your Wallet!
- 08/11/10 11:04 AM
I just love final walk throughs! But why is it that Buyers and their agents sometimes try to spoil the elated feeling I get, knowing that we finally made it to day of closing?
I get the call in the morning telling me they did the walk through and everything is OK, except for the hole in the living room wall. What? A hole? How can that be? I was just in the house last week and it was fine. No holes! I don't want to hear about holes two hours before closing. I mean the house is vacant. No one … (91 comments)
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oldie but goodie: Two down......eight to go!!!
- 01/08/09 09:15 AM
Time sure does fly. In fact I would say we are closer to three years into this down cycle already. That means we only have seven more years to go!!! OK....let's hope not. I wrote this post, about doing a short sale, two years ago.
When The Wall......Comes Tumbling Down!
So, yesterday, I get a call from one of my Sellers. I had written about this particular Seller, in one of my earlier posts "Three blind mice, three blind mice...blah, blah, blah!" First, let me say I really like these folks. As you can see, this is a public post, … (29 comments)
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oldie but goodie: An ActiveRain Blast From The Past!!
- 11/13/08 07:47 AM
The 2nd ActiveRain week in review written exactly 2 years ago. Funny how things remain the same. First posted 11-13-2006.
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I don't know if you guys have noticed, but what an awesome week we have had on ActiveRain. Man, I love this place! Here is a list of some of my favorite ActiveRain moments. And of course, my favorite picture-Craig Schiller.
We've had:
Scandal:
Blog rating manipulation and effects. Matt HeatonA few bad apples Rich JacobsonPolitics:
Have some skin in the game Leigh BrownThere's no place for mud slinging in this business George SotoDo we need a 3rd party system? Politics in general. Jeff … (27 comments)
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oldie but goodie: Come one come all to the greatest show on Earth!!
- 10/26/07 10:04 AM
Ok, I guess I am on a roll this week when it comes to dealing with clueless REALTORS(R). Not that this is anything new, it just seems that I have had a whole bunch of them this week. So, I've been thinking. Why is it that so many REALTORS(R) are clueless? They've all been through very intense (joke) Florida licensing requirements and passed a very difficult (more joking) 100 question multiple choice test. They've also jumped through all the bureaucracy at the Board of Realtors (wrote a check) and have had numerous training sessions with their Broker on how to complete … (36 comments)
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oldie but goodie: "The Proof is in the Puddin'" Range Pricing****Revisted****
- 10/07/07 08:50 AM
Hi folks. The following post is part of my "oldies but goodies" series. I first published this on October 6th 2006 and it was a "Carnival of Real Estate" winner. I hope you enjoy it.
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Range Pricing. This seems to be a subject that some Realtors are just having a hard time getting their heads around. So, with that in mind, I am going to try and address one of the questions, in a different manner, to see if it will help. The biggest question seems to be "Why would a Buyer offer and pay more than the bottom of the Range?" Now … (35 comments)
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oldie but goodie: Freeze and drop your weapon! ***revisited***
- 09/19/07 08:03 AM
OK, today, I'm re-posting one of my older posts. As you know, most of my posts are designed to help my peers in their business and this particular post is probably more relevant today than it was when I first posted it a little more than a year ago. With this more difficult market there are folks in our business that are under a lot of stress. And stress causes short tempers. Being able to disarm folks has never been more important. We have to be able to keep our customer/clients and our peers focused on the end result. I hope this post will … (52 comments)
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So this morning I was reading through some of my older articles and found the one below from October 2007. At that time we were heading into the worst of the real estate market crash. Many agents were struggling so I used this article to dish out some perspective.
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