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SUGGESTIONS FOR HOW TO SURVIVE THIS REAL ESTATE RECESSION?

I'VE BEEN IN THE REAL ESTATE BUSINESS NOW FOR ALMOST THREE YEARS AND THIS IS MY FIRST EXPERIENCE WITH A DOWN MARKET.

I'M JUST CURIOUS IF ANYONE OUT THERE WHO HAS BEEN THROUGH THIS BEFORE HAS ANY SUGGESTIONS TO THE NEWBY NEIGHBORHOOD AS TO WHAT TO DO IN THIS REAL ESTATE RECESSION?

ANY INFORMATION WOULD HELP!!!!

Posted by Team Sherry & Sherrill Cardin/Ellis on 08/17/2007 06:01 PM

Comments (6)

6 Comments on SUGGESTIONS FOR HOW TO SURVIVE THIS REAL ESTATE RECESSION?

AUG

2007

Back to basics. I hoped you saved enough energy and money to make it through a slow couple of years. Many agents will drop out and fewer will get inot the business. Work on a niche market, become an expert in something, hand out a lot of cards, work on your website, take up a new hobby.

Revamp your business plan

Get back to basics - strip the fancy stuff

Develop a niche

Get coaching

I'll think of more later...

In general, make sure you're spending enough time educating yourself on market conditions, current events, even the economics of the housing and lending markets in your area. I like working with experts (or at least someone in-the-know). If even one or two customers like you, your reputation will spread and referrals will come your way.