Spreading false information in the real estate market equals panic
Utilizing a local agent with up-to-the-minute access to the Door County Multiple Listing Service is a VITAL necessity when buying or selling Door County real estate. Work with a local expert.
As a real estate professional in Southern Litchfield County, it is my job to know what is going on in the markets that I work in. I have the ability, through my memberships in multiple listing services to pull up statistics, to understand where we have come from, where we are now, and try to best understand where it might be taking us. And then it is my job to translate that information to my clients to help them make the best decisions possible, based on up to date, factual information.
Spreading false information & rumors = panic.
I was out to dinner recently and asked the typical question that we hear most often. "How's the market"? I have that information at my fingertips, in my head, retrievable via my cell on the web if they want exact figures. I have been known to pull up a post or two I have written with market stats on my smart phone. Before I could answer the person said they had been told by another real estate professional the stats for foreclosures and pre foreclosures in two of my market area towns.
The numbers were staggering and false. One of the numbers represents MORE THAN 100% of the total homes in the town! The other number represented over 13% of the total home in the town. (Statewide we have 3.5% of homes in foreclosure according to The Commercial Record.)
But Andrea, how do you know that?
Because I have access to that information and I put it to good use. I read, I pull my own stats together, I live and breathe the market.
If you don't know the true statistics you can create panic!
The person who asked the question suddenly looked greatly relieved. They had been in a panic about the value their own home since hearing this false information, thinking their home was unsaleable because no one would buy in a market with such a high volume of foreclosures.
As real estate professionals we have an obligation to know the real numbers in our local markets. We have a responsibility to do our own research, to use the tools available to us that will give us the proper picture of what is going on.
We cannot be disseminating false information about our local real estate markets. People are depending on us to guide them based on real information, not fictitious information that can have a very negative bearing on their decisions! It is hard enough to combat the nationwide statistics, or things they read about other parts of the country that have no relevance to local real estate statistics!You can create a War of the Worlds type situation with false information. I will have no one jumping out the window because I didn't bother to get the real information and just threw out numbers for shock value.
Swiedler, Pomerantz &Adams, the Luxury SPA Real Estate Treatment!
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