What my brokerage is seeing lately

By
Real Estate Broker/Owner with HQ Real Estate and Investment, LLC

I am wondering if other brokerages are experiencing what we are or did my niche branding really work? Hee Hee. Seriously, for the last two months our phones have been ringing off the hook with folks willing and able to pay their mortgages but walking away, not even trying to short sale to go rent for awhile. As I mentioned the last time I was on that we specialize in taking someone from tenancy to home owner then investor, but it seems like things are reversing for now? I am certainly glad for my agents and their productivity however, this is a concerning trend which may give us the double flop some industry analysts have predicted.

 

What are your thoughts or current office trends?

Comments (2)

MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I've seen some of this, too and I agree it's a disturbing trend, especially when they say they are doing it so they can "make some money."

Dec 27, 2009 06:32 PM
Sara Homan
Coldwell Banker Ellison Realty 352-209-4044 - Ocala, FL
Realtor, Homes, Farms & 55+

Heather,  This may very well be the trend.  Many owners are frustrated with selling and the nonsense of the banks and just give up the ship.  In our area there are very affordable foreclosed homes that can be purchased quite reasonably and could alleviate the burdensome weight of a mortgage quickly.  Trust me, I can totally relate!

Dec 27, 2009 06:33 PM