Forget Buyer's or Seller's Market - It's an Agent's Market

Forget about it being a Buyer's Market or a Seller's Market - It's an Agent's Market.

Well, I never heard of that. NAR is not mentioning anything of the sort -  Janessa... what does that mean?

An Agent's Market simply means its time for Professional, Business-Savvy, Market-Savvy, Serious sales people, associates and real estate people to stand up. Its time to bring out the Realtors; the real Realtors. Real Realtors may not have been in this business for over a decade, but they know how to be flexible and adapt to change. Real Realtors may not be tech gadgets but they can service their customers and clients by providing real time information through the use of technology. Real Realtors wear their pin with pride and not out of whim; they embody professionalism when out in public because they know, like I know, real estate is still and always be a hot topic - so  you never know when you are going to get a client - so dress like you are always in business.

A Real Realtor supplies current information, facts and figures. Real Realtors don't rely on their affiliation or broker to make them look good - they make their affiliation look good. It doesn't matter if you started in 2006 or 1996 or 1776, you deliver as promised because as Warren Buffett says "It will take a lifetime to build a reputation but only one moment to lose it." Realtors run their business as a business and not a hobby.

So for every halftime agent {notice I said half-time, not part-time}, there's one of us, to clean up the mess left behind by giving false, inaccurate, outdated information. For every agent who decided to list a home grossly over-priced, disserviced the client, lied about their promise, there is a real agent who will tell you the truth and your options with every decision.

SELLERS - please note that placing your home on the market  makes it a commodity; a proverbial stock viable to be sold by an agent of your choice. Your agent or your stock exchange trader can proactively sell  your home by networking and cooperating with other agents from the same or different brokers or they can simply take 1-5 pictures, place it on the net, cross their fingers and hope. They can make you feel there is activity by hosting week by week open houses - with little to minimum activity. OR you can hire an aggressive trader/Realtor who uses "Spokes in a Wheel" marketing (see more of my blogs to understand), offer incentives to qualified buyers, secures your sale with pre-emptive strikes (ask for more details) and remain on top of the market in regards to pricing, staging and what's really moving. Not a bunch of market stats that is difficult to read and even if you could read it, what does it all mean? What is the bottom line? Because that's what we are hired for, to read the logistics and get to the bottom line!

BUYERS - We are knee deep in the information age and with venues like DSL and CABLEVISON and other Optic internet providers, you have information literally at your fingertips, in mere seconds. Its amazing how irritated some can be when the page takes too long to reload or refresh. We are in a "want and want it yesterday" society -fast decisions, fast information falls in line with our fast foods and fast cars. So why request information from an agent that on average {according to NAR} take 64 hours to respond back to your initial request. NAR states that over 50% of inquiries made by customers looking to be clients are never responded. That's bad business and bad for business. Why settle for someone who can't bridge the gap? You don't. Professional Realtors, like myself, are always connected. The internet, for me, is never more than 10 minutes away.  These online tools keep me accessible to help keep you informed.

The bottom line is Realtors - we have all the tools we need to be a professional. If we are not using them, then what is the use? Does the market change frequently, YES! But its our jobs to, at least, stay on top of it if you can't stay in front of it. Showing market reports to clients tells that you work very well with Excel and are probably software sufficient - but they need more than that. They need a local expert and if you are doing this everyday, day in and day out, than who better to call an expert. If you're not, but are looking to become one, pair up with someone who is, learn the ropes and branch out. Become Accountable. Because if you do, it doesn't matter what they call it - the Market would still be yours.

 

7 Comments on Forget Buyer's or Seller's Market - It's an Agent's Market

Janessa, Very interesting facts here.  I only started in this business in April, 2006, but I think if you are a dedicated professional in whatever field you choose, you should "be on guard" at all times and put forth your very best effort.  You just never know,  when you think a door is closed, start searching for open windows.  Posted By:  Nadine Blakely, Lynchburg, VA, RE/MAX 1st Olympic

04/03/2008 08:43 PM by Nadine Blakely (RE/MAX 1st Olympic)


You are awesome. This is a call to action. It is time for change. That's what I'm trying to tell people everyday. One of the best things to do is to share in the AR community. It lets you keep a pulse on what's happening in the marketplace, giuving you new ideas and reasons to change.

04/03/2008 08:47 PM by ILM Realty


Great post Janessa. The market is what you make of it. I know agents who knock doors, network, go to train stations to hand out fliers, etc. I also know other agents who sit in the office and chat, waiting for the phone to ring. Godd luck! - Ray

04/03/2008 08:48 PM by Ray Wilson - NYS Licensed Inspector (Meticulous Home Inspection Corporation)


Interesting post and a great read.  Thanks for taking the time~  I've book marked it for future reference.

04/03/2008 08:50 PM by Mary Luz-Johnsen (Douglas Realty & Development LLC)


very good post - this market will weed out alot of agents, some good but some not so good.   Personally I would like to see it made more difficult to obtain a real estate license and that there be a requirement from your state licensing commission that ALL licensed active agents must be members of a local board - in metro Atlanta, brokers usually "require" it but it is not being enforced.   Not good for business and not good for the consumer.

04/03/2008 08:50 PM by Stephanie McCarty, REALTOR, ABR (REMAX Greater Atlanta)


Thanks everyone for the warm responses.

Nadine: I appreciate your response - Yes you should be on guard at all times, because there is no such thing anymore as job security. That's why you and I ventured out to create our own job security. The only security in this industry is change. As long as we stay in front or ride the wave of change than we are "all good." If we deny, turn blind or lie about, we only hurt ourselves. My affection for real estate started in 2001 as an investor, I was working on wall street at the time. I lost my job due to 9/11. But its amazing that when that door closed, real estate's windows opened up. If your real estate in your market closed its door, add on to your current title and become an appraiser, broker, inspector, stager, etc... Grow with the industry . Let's stay in touch, Nadine...

Stacey: You hit it right on the nose - it's a call to action. I couldn't say it any better. AR has knocked open many doors. Its more than just points and visibility - I thank AR for helping me grow because I stand on the shoulders of everyone here. I got some great tips, great advice and have revolutionized my business by meeting people like yourself.

Ray: you got it man. Now we have to hustle - no more free money. Survival of the fit.

Mary: thanks for the comment... I love book marking stuff and revisiting it when I am down to help revitalize me.

Stephanie: True! In NY, we are required to be affilated with a board - you can't even sign on to MLS with out it. They deactive your profile, your e-key, everything, if you are not with a board. Actually, that can work to your benefit. You can point out that you are with a board - and you are more credible than cohorts with out the affiliation. Brag about what being with a board does than not. But being a licensed agent in NY only required {up until 2008} 45 hours. Do you know how many 45 hour weeks I worked in the financial world. It was too easy to become an agent and it didn't help. Where else can you go in this world for 45-90 hours a week and earn a certification that give you the opportunity to earn endless amount of income. You don't get that as a doctor or an attorney. But we are dealing with life investments, large amount of money and assets. The people above us should really take that into consideration.

04/03/2008 09:09 PM by Janessa Mondestin, Rockland County Realtor (ERA TUCKER Associates, Inc.)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Janessa  Mondestin, Rockland County Realtor (ERA TUCKER Associates, Inc.)
Janessa Mondestin, Rockland County Realtor
Nanuet, NY
More about me…
ERA TUCKER Associates, Inc.

Office Phone: (845) 623-5200
Cell Phone: (914) 441-7494
Email Me

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find NY real estate agents and Nanuet real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved