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What Can We Do About This Market?

By
Real Estate Broker/Owner with Eagle Realty
We have very demanding responsibility as Realtors to service our clients with the highest level of service.  We have responsibility to our industry and career to make sure we are viewed as professional and trustworthy, and that our advice and expertise is needed and a nessecity in any real estate transaction.  being a Realtor and Broker in teh Myrtle Beach area of South Carolina, i have noticed something.  I am not sure if we are doing our jobs correctly...nor to the best of our ability in some cases.  Is it the best service to take any listing at whatever price the seller dreams up?  Is it right to only show the buyer 1-2 properties, that just "happen" to be listings within our office?  How about we combat an insane (yes insane) market that has property values skewed, the media attacking like vulchers, and the investors laughing in the wings, with us as Realtors doing our jobs.  That may mean coming together, working together (did he really just say that?) to best service our clients.  Does it make any sense to list a property $50,000 over what it comps for in your CMA?  Just to reduce it every 4 weeks, which just ads fuel to the Media fire that prices are coming down, down, down, and also leaves Investors still wondering where the bottom is?  How about listing it within the correct percentage fo the bottom price, or perhaps even, dare i say, NOT listing it at all with sellers who are so out of whack thinking it is still a 2005 market?  Patience is a virtue...and so is being a good Realtor.  Basic rule...supply and demand:  inventory high (prices falling), buyers market...invetory low (prices holding and rising), sellers market.  If you dont reduce that listing, or maybe even not take the listing at all, you may have just helped your market (the big picture)...just a thought