2017 - My predictions!

By
Real Estate Broker/Owner with TradeWinds Realty Group LLC 9054213B

Happy New Year All!

 

Well here we are 2017!  What will this year hold for the new year?

 

Okay so we don't have a crystal ball but after being in this business for decades some things do come to mind.  The Real Estate Business as we knew it two, five, ten or twenty years ago certainly has changed - all businesses have undergone their changes, some did not weather well, others excelled.  We will excel because we are Real Estate Professionals.  We are flexible, we continue to move forward.  Whether an Agent, Broker, Mortgage Officer or Attorney - we have seen the best of times and the worst of times and yet we still pursue our careers and our livelihood.

 

2016 saw an improved real estate market in most areas of our country.  Limited Inventory was a prime factor - supply and demand - encourages those to proceed in the direction of their dreams and goals - I believe 2017 will be a grand year for real estate Buyers and especially Sellers.  Why?

 

Being on the tail end of the "BABY BOOMER ERA" myself,  I see my Clients, Family and Peers looking towards making a move - some have large homes, too big for their new empty nest households, others see financial challenges or maybe mobility issues in the future and now is the time to make a decision before someone else is in charge of that, many who worked hard all their lives for their family feel it is now "Me Time" and time for that home by the ocean, the luxury condo or a smaller more manageable home  to allow for travel, other hobbies and interests going forward. 

 

Their moves will move some of our condo inventory, now with equity growing again in our homes these buyers may be able to purchase with cash or conventional financing some of the condos which have not been seen on the FHA approved list.  This of course will give the NEW BUYERS the opportunity to make a move or move up and again the domino train moves forward.

 

Technology is changing every day, but as it changes - competition also increases for the real estate professionals' dollars so I believe we will see more competitive advertising vehicles to use.  Real Estate Professionals are really becoming so proficient (if they want to continue in this career) with technology - competitive agents must be mobile agents using tools such as electronic signatures, texting, social media, blogging along with what has become the norm of laptops, ipads, cell phones and electronic advertising.  Why do I say this because as the Real Estate Professional expand  their "tech savy" they are developing their own websites, their own tools to capture leads from the internet, creating individualized websites for their listings and creative ways to attract new Clients.  I see seasoned agents buying less and less of the leads on their own listings and instead creating  a presence on line using their own talents.  I do believe there will always be agents who believe the canned internet leads are an easier route to travel (and a much more costly one).

 

My last comment on 2017 is I believe we will see many more Independent Real Estate Firms opening.  2017 and the new tax laws proposed - especially for small business - should increase the profit margain for the Independent Firms creating more interest in branding your own name/company outside of giving exposure to the larger companies.

 

Again only my humble opinions on what we shall experience in 2017.

 

The items in our business which will never change but truly remain constant:

 

Value your Clients, they deserve your attention to detail.

 

Keep in mind the Golden Rule in ALL your business transactions and interactions.

 

Location, Location, Location.

 

The VERY BEST advertising is WORD OF MOUTH from your satisfied Clients - they will increase your business  EXPONENTIALLY!

 

I look forward to hearing your personal predictions and wish you all a Very Grand 2017!

 

 

 

Posted by

MaryBeth Mills Muldowney, Massachusetts Real Estate Broker and Licensed Auctioneer

"The pessimist complains about the wind. The optimist expects it to change.

The Leader adjusts the sails." -John Maxwell

Founder and President, TradeWinds Realty Group LLC

www.TradeWindsRealtyGroup.com

MaryBeth@TradeWindsRealtyGroup.com

follow me on Twitter @HollywoodEast

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781-681-9959 Norwell office   508-746-5559 Plymouth office   781-910-7294 cellular

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Rainmaker
1,264,782
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

A very wise post...highlights the changes and the "new requirements" for a successful real estate career...and the fact that customer service is stil the real bottom line.   Well done, you.

Jan 09, 2017 11:51 AM #1
Rainmaker
232,028
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Thanks Li  - Wishing you a grand 2017 - I truly think it is going to be a grand year for Buyers, Sellers and Real Estate Professionals!

 

Jan 09, 2017 12:10 PM #2
Rainmaker
2,296,596
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

MaryBeth, I love your closing statements … our clients deserve our attention and detail and we need to keep the Golden Rule top of mind at all times. Being truly in service to others will generate repeat and referral business.  Here’s to an amazing 2017!

Jan 09, 2017 05:15 PM #3
Rainmaker
232,028
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Thank you Kathleen,  Happy New Year  I think all too often we forget we are a customer/client service profession.

Jan 09, 2017 08:44 PM #4
Rainmaker
1,855,275
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Limited inventory is a factor in our Sacramento housing market too.  Good luck in 2017.

Jan 11, 2017 05:03 PM #5
Rainmaker
1,076,810
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

I agree. Without a doubt, 2017 is going to be a year of transition, not only in the political and policy arenas but also within real estate. It is driven by changes in legislative, MLS, and market forces. 

Feb 04, 2017 12:53 PM #6
Rainmaker
139,430
Cheryl Dukes . . . . . Intown Atlanta
Solid Source Realty, Inc. - Atlanta, GA

Activerain is a perfect place to keep up with the technology. You are right -- it changes every day, and those who are able to keep on top of it and use it in their business are the ones who will excel.

Mar 13, 2017 05:43 AM #7
Rainmaker
232,028
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

thanks Cheryl Dukes and congratulations on your foundation, Colored Rocks Foundation (coloredrocks.org), a nonprofit which recognizes the most outstanding students from Georgia’s highest at-risk student group and inspires them to to help their fellow students, in efforts to raise Georgia’s critically low high school graduation rates among this group.

I applaud you for your positive influence in Georgia's youth.  Wishing you continued success in 2017.

Mar 13, 2017 07:23 AM #8
Rainmaker
3,022,546
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

MaryBeth

Looking back at your 2017 predictions,  it's looks like you had insight to 2017.

Good luck and success.

Lou Ludwig

May 15, 2017 05:22 PM #9
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MaryBeth Mills Muldowney

Massachusetts Broker Owner
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