Our Business Models Need to be Nimble and Flexible

Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

Our business models need to be nimble and flexible, but without diversifying prematurely. Over-diversification dilutes our resources and our management time.

We are in a market that defies traditional knowledge past real estate markets.

Now more than ever we need to recognize that what worked yesterday may not work tomorrow. Everytime the government and the lenders roll out new guidelines the housing market can change, literally overnight.

  • The $8,000 tax credit changed the market, then its expiration changed the market again.
  • Announcement of loan modification programs changed the market then it's failure changed the market again.
  • Credit score requirements go up, the market goes down instantly because many thousands of buyers suddenly don't qualify.
  • These are just a few examples of many.

As Realtors, we need to hope for the best but plan for the worst.

Our highest responsibility is to our clients. We need to have the knowledge to help them in a changing market.

The housing market and the job market seem to be in gridlock. One can't recover without the other and it may take years. In the meantime we need to stay ahead of the curve and continue to sharpen our tools and acquire new ones. We need to be ready for change with short notice.

Posted by



Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827



View Dave Halpern's profile on LinkedIndave_halpern twitterhalperndave_facebookDave Halpern QR CodeLouisville Foreclosure Realtors Dave Halpern


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Kentucky Jefferson County
Dedicated Bloggers
Club Chaos
Diary of a Realtor
Voice of Reason
credit score
housing market
tax credit
loan modification

Spam prevention
Show All Comments
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good advice. We need to be flexible and have the knowledge to help our clients.

Jan 07, 2011 11:33 PM #1
Barbara Michaluk
Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434 - Silver Spring, MD
Leisure World Specialist / Full Service REALTOR

The Washington Post has an article in it today about loan requirements changing again this year making it alittle more costly to get a loan even with the highest scores.

Jan 07, 2011 11:35 PM #2
Warren SEO
SEO Consultants - Knoxville, TN

Dave - Great articule and advice regarding the importance of business models. A lot of agents sometimes forget that they actually are in a business.


Jan 07, 2011 11:39 PM #3
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker



All of the US stories about the market have not been good. The ability to react quickly to change is an obvious asset.



Jan 10, 2011 12:31 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Dave Halpern

Louisville Short Sale Expert
Ask me a question

Additional Information