When I first moved to the State of Florida, I was very surprised to find Realtors and Mortgage Brokers that were so busy and so successful that they would limit their businesses to loans, listings and buyers of over a certain dollar value. The reason it was so surprising was that the dollar amounts that were mentioned were enormous to me.
One listing agent I know would not work on listings under $650,000. One Mortgage Broker said "No first time homebuyers". I even knew of some agents that would not take anything but multimillion dollar listings or superstar, VIP buyers.
In this current market, changes are creating a new paradigm for Real Estate Agents and Mortgage Brokers everywhere. There are many who are just leaving the field. They are just absolutely sure that there is no way to survive this market downturn.
What really makes me feel good about this market is the exact opposite of this trend though... it is a phenomenon that shows that not only are there resilient souls out there in the Real Estate industry but that they also know that there is still money to be made and clients to be served.
If you want to join their ranks and things are slow... the clock is ticking. You need to be learning all of those things you don't currently know. You should be bolstering your marketing efforts and reaching out to past customers about anything and everything...
The market is correcting itself.... will you still be standing or will you be a casualty?
To read the entire post follow this link: Florida Mortgage | Real Estate Market Commentary on my main website
David A. Podgursky, MBA
The Mortgage Go To Guy!!
Your Source for Residential, Commercial, Investment, and Relocation Mortgages in Florida
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