Making Money in Today's Real Estate Market: Just How Hard Is It?

 

 

I was checking out Barry Cunningham's post over at BHB and the title of the post really caught my eye.  I read his post because of the title.  You must be saying "Why do you think the title is so special, Kevin," and I would tell you that my personal philosophy on the current real estate market is exactly opposite the majority (like 99.9%) of agents.  That brings me to the reason I love the title.

When I tell most agents that I think the market s*cks and I can't wait for it to get worse (that's right), I am immediately met with great resistance, mostly in their body language -- but I can feel it.  

"It's Gonna Be a Bloodbath"

...was one of my quotes from some article I was interviewed for. I was ridiculed for that one.  "How could I say that to the media?"  I thought to myself--"these agents just don't get it."  Nope.  None.

Let the Blood Flow Like a River!

The market can only correct itself when the healing process begins.  Oversupply.  Nasty, nasty word.  Someone's gotta lose money.  Someone's gotta HELP these people sell (if they really need to), might as well be me!

Back to Barry

I was reading his W.O.W. (he tends to write those heinously long posts) but he writes good stuff --so I decide to labor through it.

Reading.....Reading.....Reading.....and More Reading

I'm thinking to myself, "sh*t, it's the end of the world...and this post WON'T end"

Golden Nugget:

1. Answer the phone! If you are not going to commit to the business, please get out of it. There are buyers out there ready to pull the trigger on deals and they can't even get a hold of the agents listing the property. We hear this time and time again. We even hear it from other agents.

I'm Going on Vacation Tomorrow (now today)

and am at the office.  It's about 9 pm.  I look at my call log.  A customer calls in and requests information on Canyon Ranch Miami Beach, which is a new outpost of the Lenox & Tucson spas.  I so don't wanna make ONE MORE call tonight.  My desk is clean.  I'm on the road (in my head) to Key West.  I'm not returning ONE MORE call.  "Sheez these people need to understand that I need a break, too," I think out loud (as I kick the desk like a child).

See Above:  Golden Nugget

I'm a pro!  I'm gonna return that call!

She Buys the Joint!

It's not all that hard.

Thanks Barry!

 
Post is included in group: Realtors®
Post is included in group: Carnival of Content - Real Estate Agents/Brokers

12 Comments on Making Money in Today's Real Estate Market: Just How Hard Is It?

Kevin, you have the right attitude. A work day is a work day. Just be sure to take that 7th day off...whatever day it falls on to avoid burnout.

05/01/2008 12:21 AM by Vickie Nagy, Realtor, Specializing in San Ramon, Danville & the Tri-Valley! (Empire Realty Associates)


Kevin, you are a pro.  You will survive.  And I believe you are right.  The market will get worse.  There are still a lot of mortgages in place about to reset and then a good percentage of them becoming foreclosures 6 to 10 months down the line.  Every lender is tightening up guidelines.  There are also a number of large lenders like Wachovia who believe they can re-sell their foreclosures by guiding them to realtors vs using an inplace channel to manage the re-sell of foreclosures.  Banks just do not have their organization in place to execute the re-sell with the current volumen.  I suspect the end result for lenders like Wahcovia will be high inventory and higher assets needed (by law) to be reserved to cover their foreclosure inventory which means they cannot use these funds to lend.  The faster inventories are turned, the faster this market will get back on its feet. AJ

05/01/2008 12:29 AM by Alan 'AJ' Nisen California Contra Costa Mortgage Officer (A Large Bank in America)


Congrats, Kevin!!!

Yup, the pros just keep at it and get the job done.

Can't wait to see ya at Inman this summer.

05/01/2008 12:30 AM by Mary Pope-Handy, ABR, CRS, ePRO, SRES (Keller Williams Realty)


I have to truly thank Barry.  I so would have let that call go unreturned.

05/01/2008 12:32 AM by Kevin Tomlinson - Miami Beach Real Estate (EWM/Christie's - Miami Beach Real Estate)


She buys the joint!

Awesome.  I needed that Kev.  It's been brutal these past two weeks.  Have fun in Key West- say hi to Jimmy for me (I know, he's in Martha's Vineyard, now) 

Nice work. 

05/01/2008 01:15 AM by America's #1 Mortgage Broker


Hey Kevin,

Enjoy the Keys! Please advise if you need my address to send the check!....LOL..

Man..it's so friggin easy! We had David Knox on the show yesterday and he was great...we chuckled about the number one way to increase your business..ANSWER THE PHONE!!

Glad it worked out for you bro!

05/01/2008 09:47 AM by Barry Cunningham - http://www.realestateradiousa.com/blog


Back to Barry

I was reading his W.O.W. (he tends to write those heinously long posts) but he writes good stuff --so I decide to labor through it.

Reading.....Reading.....Reading.....and More Reading

I'm thinking to myself, "sh*t, it's the end of the world...and this post WON'T end"

Welcome to my world!!!! This made my day! lol

-Lindsay- producer- Real Estate Radio USA

05/01/2008 03:26 PM by


Well said, Kevin.  Sales is always about answering the phone and returning the calls!  It's a great point and most people mis it. 

-Mary 

05/01/2008 03:57 PM by Mary McKnight (NOT RSS Pieces)


Kevin, I couldn't agree more with your opinion on the market worsening.  It seems that the worse it gets, the more I'm selling.  I'm one of those that answers the phone and returns calls as well, that's why we'll still be around while so many other Realtors are working at Starbucks.

05/02/2008 10:01 AM by Lake Mary & Orlando Real Estate, Central Florida, Christopher Myers (Orlando Property Group at Keller Williams)


Hey Kevin - Happy birthday! Great post, I bet one of the many reasons you are successful is that you tell it like it is. Deep down people almost always know the truth and even if they don't like it, the truth resonates with them.

05/08/2008 02:26 AM by Jonathan Washburn (ActiveRain Corp)


You should take a look at my newest blog "The Future of Real Estate!!" Some great info! Thanks have a great day.

05/08/2008 02:39 AM by Andy Laughlin (ConnectRealty.com)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Kevin Tomlinson -  Miami Beach Real Estate (EWM/Christie's - Miami Beach Real Estate)
Kevin Tomlinson - Miami Beach Real Estate
Miami Beach, FL
More about me…
EWM/Christie's - Miami Beach Real Estate

Office Phone: (305) 674-4053
Cell Phone: (305) 213-6898
Email Me
Miami Beach FL Real Estate, Miami Real Estate, South Beach Real Estate, Miami Beach Condos, South Florida Real Estate, Florida Real Estate. Condo-Hotel information. Comprehensive area information, buyer and seller information, relocation information, things to do in and around Miami, Miami Beach and South Florida



 Weather Conditions in Miami Beach

Directory of Real Estate Blogs   Real Estate Blogs - Blog Top Sites Add to Technorati Favorites

Links

Tags (Tag Cloud)

Archives

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

Find FL real estate agents and Miami Beach 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