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HEADS IN THE SAND OR NOSE TO THE GRINDSTONE?

By
Services for Real Estate Pros with TheHousingGuru.com

Sure, we all want to be optimistic; a positive attitude feels good. We want to project positive images for the future for that may truly help to create the outcomes we desire. But does that mean we cannot face the obvious? If we fail to acknowledge the realities that surround us, we miss the opportunity to prepare ourselves.

 

The economy is in the tank. Almost 10% of all home owners with mortgages are either currently underwater or expected to be so within a few months. The loudly touted “Bailout” had little effect. In fact, once the politicians approved the bill, they abdicated culpability by handing the matter to the Treasury Secretary who, in turn, is now outsourcing the whole mess to current or former Wall Street buddies. Strangely, what they’re doing with the money is not what they told us was necessary to avoid financial collapse.

 

We’ve been duped; and we’re drifting into a hurricane, a “perfect storm,” of catastrophic portions, with no captain, no engine, and no compass. Without guidance our ship could flounder and sink. The captain and officers may remain on board and gallantly go down with the ship. But, what about the passengers, those of us who have had no control or input in the chosen course?

 

Those who sense the impending peril and who have the courage to act can take the lifeboats, grab some rations, and chart their own course. How does that analogy apply to our business? We have to take a proactive stance towards our own success. The government will not do so, and the market could take several years to return to its once prosperous position.

 

Those of us who expect to prosper will do so only through a committed effort and by making significant changes in both our lifestyle and the way we conduct business.

 

We must analyze every dollar spent. If it will bring in more business, then it must be spent; if it’s for “feel-good” or for show, then it must be cut. Whether business or personal, the amount of money going out must be reduced.

 

New markets must be discovered for our product or services. Here, creativity is KING. The power of the collective mind must be utilized; groups develop more powerful strategies and discover more effective techniques than is possible individually.

 

We must commit ourselves to success by setting goals, monitoring progress, brainstorming, and working harder than ever before. The coming months will test us all. Those who are prepared and who are willing to make whatever sacrifices or adjustments may be necessary will not only survive; they will thrive.

Comments (8)

Lisa Glowacki
Lisa Glowacki - Rhode Island & Massachusetts - Tiverton, RI
Real Estate Broker - RI & MA

Well stated.  I have to admit last week I wanted to put my head in the sand for a while. Doing jobs not getting paid. I'm running out of ideas put I keep pressing forward. I thought I would attend an Auction to see who is there maybe try to find some investors. House had already been sold not updated on the web site. Tomorrow will be another day. Rain or shine I will keep trying to find new creative business ideas. Got any?

Nov 11, 2008 07:15 AM
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

You are right... we all need a positive attitude and to keep pressing forward...  no more heads in the sand... 

Nov 11, 2008 07:18 AM
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Thanks Lisa.   I try to find ways I can better meet the needs of my customers and the needs of those who I don't yet have as customers.

Nov 11, 2008 07:42 AM
Steve Hall
RE/MAX United - San Marcos, CA
Make the Call to Hankins and Hall

John - Thanks for taking a look at by blog regarding the photo of the doorway.  You hit the nail on the head.  I know it is a little hard to see but any hint would have completely given it away.  The level outside was actually higher than the inside. There was also a sunken family room adjacent to the entry area.  We don't get a lot of rain but it would take much to cause a big problem. 

Nov 12, 2008 10:33 AM
Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

John, great post - nose to the grindstone.  I don't see this as a depressing market - I see it as a CHALLENGE and that merely makes me work harder (and smarter).

 

Nov 12, 2008 10:48 AM
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Tim & Pam, thanks for the comment. Yes, it's a challenge, of monumental proportions, but, as you point out, if we expect to succeed, we'll have to put forth more creative and physical effort.

Nov 12, 2008 12:29 PM
J.D. Terry
East Carolina Bank Mortgage - Wilmington, NC
IHaveMoney2Lend

I am glad you ended your post on a positive note.  The media is doing a great job exposing us to all the bad news out there.  It is gut check time for sure.  The ones who want to make it will! 

JD Terry

Nov 13, 2008 12:13 PM
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

JD, that's the way I see it. The media will only report what they see. They can't or won't discuss how we can take advantage of the existing market. However, I sincerely believe that there will be great success stories that come out of this. Thanks for your input.

Nov 13, 2008 01:24 PM