"These incentives (homebuyer tax credit) stimulated home sales, but the deadline was April 30. Many analysts now project sales will drop sharply in the second half of the year. Some expect prices to plunge as well, especially if mortgage rates rise and more foreclosed homes hit the market."

The above quote is from a finance article I read this morning. Read it again.

Now read it one more time, let it sink in. Think about it.

Sales will drop sharply.

Prices may plunge.

Rates could rise and the shadow inventory could step into the light.

Closing two transactions a month? Where will your production be later this year?

What are you going to do? I'd probably read it a fourth time and think about what could be done today and going forward to insure that this year continues to a very good one.

Prepare now. Develop your good habits. Try to look at where the market is going and how you can gain more deals from this market.

If you can develop a niche or specialty that you can be known for, promote what makes you unique.

Knowing that things could dip a little and get worse before we emerge on the other side much stronger and wiser isn't too bad.

Above is the warning. Above is the if I only knew then what I know now moment.

With a little forethought and pro activity your production should still move along at a healthy pace.

Jason

 

Jason E Potrzeba

President

Acadia Advisory Group, LLC

50 Grassy Plain Road

Riverside RI 02915

(401) 580-7612 Cell

(401) 633-6226 Fax

 
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3 Comments on Beginning with the End in Mind...

MAY
04
2010
851,625 Points 183 Featured Posts Attended Rain Camp Called Shot Master

Great points....we can succeed in all markets if we approach them right. I saw no lull in sales during the "low" market...and now I'm soaring. It was all effort and making course corrections.
10:44am • #1
MAY
07
2010
136,888 Points 2 Featured Posts

Hey Jason,  Good post for motivation.  And BTW quit kicking my butt! lol
5:39pm • #2
118,373 Points

Lisa, would you like me start writing some material for you in my spare time..?

:)
8:57pm • #3


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Jason Potrzeba~ Commercial Loan Officer ~ RI

East Providence, RI

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Acadia Advisory Group LLC

Address: East Providence, RI, 02915

Cell Phone: (401) 580-7612

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