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National Slumps Are Statistical / Personal Slumps Are Optional

By
Services for Real Estate Pros with The Real Estate Investment Institute 1retiredsage

 

National Slumps Are Statistical / Personal Slumps Are Optional.  The National Association of REALTORS® say sales of existing homes dropped 27%! They keep the statics, I believe them.

So what? National Slumps Are Statistical / Personal Slumps Are Optional. You've got two choices You can join the masses of lemmings, wring your hands, and shouting the sky is falling! Or, you can work harder and simply not participate!

Simply not participating sounds overly simplistic, but it works! Sales are down 27% means that sNational Slumps Are Statistical / Personal Slumps Are Optional. ome one is going to sell 67% of the number of homes sold last month. 10% unemployment means 90% are still working!

67% and/or 90% those are overwhelming majorities!

27%, 10% are a huge problem if you're among them. I am sympathetic to those participating through no fault of their own. But, salesmen have a choice! Salesmen control their own destiny!

Real estate salesmen have the advantage, because every one has to live some where. Real estate salesmen have the advantage because they're not making any more real estate, but they've not stopped making people! In fact with more time available those unemployed are either deliberately or inadvertently making more people as you read this.

It is said that 20% of the salesmen sell 80% of the real estate witch means that for most salesmen there won't be much change. Others say it's 10% of the salesman that sell 90% of the homes. In a slump I believe the latter. Slumps always affect the least qualified among us the hardest!

Chose not to participate! National Slumps Are Statistical / Personal Slumps Are Optional. There is always more than one way! Learn the alternatives. Know what can be done! Other salesmen's slumps are the best opportunity in real estate!

The slump means prices are down. Rates are at record lows to help stimulate sales. You have a choice participate in the stimulation or the slump!

National Slumps Are Statistical / Personal Slumps Are Optional.

Your comfort box is not a protective hard hat.

 

Posted by

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org      Cell 832-259-7078,      Houston 832-582-8415,       Las vegas 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.orghttp://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr   ©The Real Estate Investment Institute   ©REII

Comments(60)

Terry Chenier
Homelife Glenayre Realty - Mission, BC

Bill,

You're right and there's a reason why 90% of the money in this industry is earned by the top 5%.

Aug 26, 2010 06:36 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

William, no matter how bad something may look there is always a positive perspective. You chose the positive perspective. Great Post!

Aug 27, 2010 02:05 AM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

To those of us who have been around a long time, this is true. You can either embrace or get out. I do think the stat's are pretty true at least in my market. Very few 20% do the majority of the business. And those 20% don't go to Broker Opens, only the newbies.

Aug 27, 2010 02:40 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Norma,

That's the kind of thing I like to hear! In real estate we keep our own glasses full.

Bill

Aug 27, 2010 03:28 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Jerry,

Market slumps were always great for me. People have to live some where, they have needs! Over all sales may be down, but not for the agents that meet basic needs! We've had 20 years of gravy and many among us have forgotten or never known how to survive without it.

Bill

Aug 27, 2010 03:36 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Arron,

The choice is there's!

Bill

Aug 27, 2010 03:38 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Terry,

That there is, that their is!

Nice to hear from you.

Bill

Aug 27, 2010 03:44 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Michael,

Thank you!

Bill

Aug 27, 2010 03:45 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Missy,

Then there are those that nether embrace the truth or get out. Those that bitch rather than learn and those that believe they are to good to return to the basics!

I don't know how we got to broker open houses. I've only participated in them when I first returned to lending. The whole Board did their listing inspection tours together, often they had a rolling breakfast. It was great they posted the cook or caterer on the map! Then I moved to Las Vegas where even many small offices were bigger than Tahoe's Board and like many LO's I brought breakfast to sales meetings!

Bill

Aug 27, 2010 04:02 AM
William James Walton Sr.
WEICHERT, REALTORS® - Briotti Group - Waterbury, CT
Greater Waterbury Real Estate

Bill, this is so true. It's a message that I've been seeing more and more of lately, it seems. We do need to change our perspective, shift our focus, because that's the best way to see ourselves personally out of any slump we may be in, financial or otherwise.

Aug 27, 2010 05:32 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

William,

You've got it!

Bill

Aug 27, 2010 05:46 AM
Alan Kent
Keller Williams Realty Lake Oconee - Greensboro, GA
Lake Oconee Real Estate

Thanks for the post! I need stimulation to keep me going after lots of people are working to get me down in this market. Gotta stay positive...

Aug 27, 2010 07:59 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Corinne,

Of course they did! And, rightly so.

Witich is another reason why National Slumps Are Statistical / Personal Slumps Are Optional. If you're up for the year that's all that matters.

Bill

Aug 27, 2010 09:22 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Alan,

You're welcome.

Glad to be of help!

TGIF!

Bill

Aug 27, 2010 09:24 AM
Shay Campbell
Universal American Mortgage Company - Raleigh, NC
Raleigh, NC

Bill,  Many thanks for this timely article.  It is so easy to get into a personal funk by reading the headlines.  You are right.  90% are employed and they have to live somewhere. Keep up the positive attitude, it is contagious.

Aug 28, 2010 01:01 AM
Mark Hitz
Keller Williams - The Colony, TX

Hello Bill - You seem to write posts that make me think. Personal slumps are optional. You always have options. Regards, Mark

Aug 28, 2010 04:31 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Shay,

You're welcome!

Bill

Aug 28, 2010 08:54 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Mark,

Thank you!

"You seem to write posts that make me think." 

That is what I write, speak, and teach for!

Bill

Aug 28, 2010 08:58 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

I've always been amazed at people who choose to drink their troubles away rather than trying to do something about it. How does getting drunk or taking drugs help? You make your own destiny, don't let others decide it for you.

Aug 30, 2010 05:24 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Todd,

"How does getting drunk or taking drugs help?"

I wouldn't know!

" You make your own destiny, don't let others decide it for you."

You'd better believe it!


Bill

Aug 30, 2010 02:06 PM