It was a remarkable revelation. I was on my way to a Sacramento Association of Realtors Professional Standards hearing to learn about the process. It was a Wednesday afternoon...normally not a particularly busy day at our building. Yet as I turned the corner into the parking lot, I was met with a sea of parked cars. For those of you who have not visited this building, it may be hard to visualize. Let it be said, I had to park in the "back forty".
Of course I was caught off-guard. What event was taking place that I wasn't aware of? Had someone rented the building for their own special cause? Did someone plan their wedding on a Wednesday afternoon (okay...far fetched, but you never know).
The reason for the onslaught was simple, but said so much about our industry and the real estate market. The Sacramento Association of Realtors hosted 2 all day classes for Realtors to learn about short sales and foreclosures. Realtors had their choice of either Wednesday or Thursday to attend. Both classes had sold out - about 150 Realtors attended each day. The review was positive - the classes informative and helpful. These Realtors recognized the need to increase their knowledge regarding these types of real estate transactions, and took the time to gain continued education.
In a market fraught with pitfalls, here is another reason to use a Realtor. A smooth and easy escrow is a rarity in our present climate. The best way for the seller and buyer to "hedge their bet" is to use a Realtor with the knowledge and expertise needed to navigate the way through all of the nuances this market presents.
I am very proud of my fellow Realtors and the qualities of integrity and expertise they bring to our profession. (I just wish they had allowed me to park a little closer!)