Special offer

Oh my did that miss the mark, real estate is local local local

By
Real Estate Broker/Owner with Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 GREC# 169695

Earlier today I had an email issue which caused me to have to go out to my server.  By accident when deleting something I marked it as spam, which I did NOT want to do, so I went to move it back out of the spam folder and into the deleted folder.  BUT when I was in my spam folder I saw a newsletter from an agent in my market.  Being the curious type, I wanted to see it. 

bahahahaha.  

This is a spipped screen shot January's prices were NOT higher in our local market than January 2014.  And for the love of Pete at 29 months worth of inventory in our market I certainly don't think the words "remain low" should be anywhere in a newsletter emailed in this market.  I mean seriously there is almost two and half years worth of inventory in our market. And NOWHERE on said newsletter does it say where that market update data for the March update was pulled.

So when I got to the part of the newsletter that said Real Expert. Real Neighbor. Real Estate.  I just thought, ummm, NOT!  

If you read my Market updates, they are local data pulled from the local MLS. Real estate data should be LOCAL LOCAL LOCAL if you are sending it out to consumers unless you are specifically telling them if it's state data, local data, national data and stating the source of the information. 

I'm sitting here thinking about all the people in my market who got that newletter and think we have low inventory.  We don't.  And if you want to sell your house when a market is saturated with inventory  then you have to list at a price that comps support and have aggressive marketing.  Interested in selling?  Give Lane Realty a call!

Posted by

706-485-9668  us on facebook

Tammy@Lake-Sinclair.com

(Click on Lane Realty Logo for web site)

Tammy Lankford, Broker/Owner

 

Broker License # 169695  Lane Realty License # H-11420

Real Estate Instructor License # 355089

Call me today for all your Lake Sinclair real estate needs.

 Search for homes on Lake Sinclair now

For readers who are not members of ActiveRain feel free to also add your comments or you can click on the EMAIL me link to the right of this blog and email me.  Thanks for reading.

All content belongs to me unless otherwise stated.  Do not use without permission.  Logos and photographs may also be copyright registered. Please do not use without my express written permission.

                                                                                                                  

          

Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It's crazy that people can make a living giving incorrect information, but what is even crazier is that some people might actually believe them, haha.

Mar 20, 2015 08:07 AM
Paula Swayne
Dunnigan, Realtors, Sacramento (916) 425-9715 - Sacramento, CA
Realtor-Land Park, East Sac & Curtis Park -Dunniga

Hi Tammy!
I couldn't agree more!  I just had a reporter ask me how the market is.  My response was, which one?  Which neighborhood?  Some are doing great with lots of equity building monthly.  Others still have some distressed properties.  All in all, we are definitely in a low inventory market - until you get to 1M + priced properties - then we have over 2 years worth of inventory!  Local is king!

Mar 20, 2015 08:45 AM
David Alan Baker | Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

Did you offer to send this realtor your market update?  Wow, amazing the amount of mis information out there.

Mar 20, 2015 09:15 AM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

It is so local.  Here in metro Detroit it even varies from city to city

Mar 20, 2015 11:12 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Tammy, sometimes it is really difficult to read other agents' mailers when they come to our own homes.  There's a guy in my neighborhood mailing some doozies.

Mar 20, 2015 11:18 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

If you are going to mail canned material it doesn't need to say it's a "market report"

Mar 20, 2015 12:03 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Crazy, @Tammy.  Wondering what kind of business this agent does?  Successful?  Or was this representative of their success?  Wonder how they can come to such different conclusions, don't you?

Gene

Mar 20, 2015 12:13 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Hi Tammy It is important for consumers to work with a professional like yourself to get an accurate view of the market.

Mar 20, 2015 12:52 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Tammy Lankford - within a town too, you find different segments where homes sell fast or take their own time to sell! 

Oh yes, Real Estate remains LOCAL! LOCAL!! LOCAL!!!

Mar 20, 2015 03:53 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I just might be tempted to send her the section of the Realtor Code of Ethics about agents misleading consumers about property value.

Mar 20, 2015 10:51 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com you made me go look and she's done less than $50k in production this year.

Joan Whitebook at least someone who knows the difference between national data and local data

Praful Thakkar you're right, I only do lake front market reports monthly and specialize there and don't assume to speak about the in city limit markets which are areas I don't work

Lenn Harley if I thought it would help I would, but sadly I don't think it would help.

Mar 21, 2015 02:55 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Jane Peters hopefully every one elses went into their spam folder, it certainly was junk mail.

Thank you Gita Bantwal 

Beth Atalay it was canned material from a national franchise.  Just plug in your photo and phone number and email away LOL

Ron & Alexandra Seigel  A- someone who doesn't know how to do their own market reports.  Sad. 

Mar 21, 2015 03:15 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Paul Henderson I don't even let my assistant who works in my office post listings.  I always want MY blog to be MY content.  I guess I just don't get it. Sometimes less is more if it's authentic

Hannah Williams it appeared to be national data on a big box plug your photo and number newsletter.  Just not good content in my opinion

Rene Fabre I can only compete with her misinformation on line, but it was sent to her email data base... sadly someone of them may never know the real local numbers.

Wayne Martin I think she might have had permission to use it, it's just not applicable information locally

Sharon Alters I think you're right.

 

Mar 21, 2015 04:35 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Larry Johnston yes it's key 

Evelyn Johnston I did say what and more.

Rebecca Gaujot, the GO TO REALTOR my best guess is every agent what works for that box nationally could have sent that out

Debbie Laity that agents broker has gone into other local offices to try to recruit agents, ethics aren't her strong suit.

Mar 21, 2015 04:39 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Lisa Von Domek hasn't done much business this year either.

Noah Seidenberg I hate the media on a LOT of issues, not just real estate

Troy Erickson it's not funny that made me laugh.  It's a pretty sad state of affairs that the media is clueless

Brian England National averages mean little in our local markets and I just don't get why someone would use them locally.  If you are going to give national averages they should state that's what they are.

Paula Swayne I think most professionals would agree with us.

Mar 21, 2015 04:44 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

David Baker Realtor - Laveen Homes for sale no, but I do post a link to it monthly in local facebook group she's in.

Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239 I'm sure that's true in most metro areas as well.

Patricia Kennedy just shake my head.

Mar 21, 2015 04:46 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

BRAVO Tammy Lankford you do things right and that is why you are so highly regarded on ActiveRain!

Mar 21, 2015 05:33 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Tammy Lankford ... precisely what I thought you would find ... I have to admit.

Gene

Mar 21, 2015 05:37 AM
Claude Labbe
RLAH / @properties - Washington, DC
Realty for Your Busy Life

Tammy, this is a great way to reduce the time wasted in actually doing the research for those darn market reports.  Just crank one out, then change the date on a monthly basis. 

Of course, that makes it useless.

No further comment on how what you write speaks to your professionalism is needed, right?

Mar 21, 2015 11:31 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Paul Henderson Very kind words, thank you so much

Gene Mundt, Chicago-area Mortgage Lender - www.genemundt.com sad that it went out with the subject line "lake country market report"

Claude Labbe Pulling the data and making the graphics is not one of my favorite month chores I admit but I'm very proud the report when I'm finished and it always gets few comments and I LOT of clicks meaning I know consumers are reading it, of course that's the goal.  And thank you.

Mar 21, 2015 11:52 AM