What are we doing !!!!! Let's turn things around !!! Alert. Alert. Alert

By
Real Estate Sales Representative with Re/Max Connection

   Saturday morning is my time to catch up on my reading that I have missed over the past week on AR. There are some great motivating Bogs that keep me going in the slow times. I wanted to stress to all that we are in charge of our own destiny and not the news media. Instead of just complaining we have at our finger tips "Our Computers" to get the message out about our own markets and what is going on in our own areas.

    Many Web Sites like Craig's List, AR,Back-page,and several others allow up to post any type of comments or blogs under the classifieds sections of their sites as long of course they are not offensive. For all of the time we spend on AR reading and trying to get answerers from one another  about other markets and how bad this market really is LET"S MOVE ON  and do what we do best or what our clients look at us for and that is INFORMATION on our own market trends.

    I went on a listing appointment just yesterday and sat with a seller of a home and did my presentation for them. The first question they had was how bad is this market ,are what we are hearing really all as bad as what we see on TV. DAMAGE CONTROL !!!!! ALERT ALERT ALERT  !!! popped into my head. Of course I was ready for action and pulled out the market report from my MLS system ,which no Realtor should leave home without. I proceeded to explain that we are seeing a slow  down in our area in Southern New Jersey but we are still selling homes. What we are seeing here is buyers who want to buy, but either need to sell a home first before they purchase another OR are waiting to see if interest rates are going to come down.The NORMAL market has returned and we are STABILIZING.I explained to them that our area is active with buyers looking for a home and it is taking a little longer because we as Realtors are not just rushing out with buyers to show homes we are getting people PRE-QUALIFIED first and directing them to the market they need to be looking in for a home .Not $30,000.00 over their mortgage qualified price.By doing this I told them this takes all the false hope for a seller by not having under qualified buys coming to their home. They proceeded to tell me that they are or have interviewed several other agents who did not take the extra time with them to explain the market to them and wanted to list them at least $35,000.00 under where they should be listed "DO TO THE MARKET AND HOW BAD IT IS" We are to blame as well and some are feeding off of the  media to make a quick sale. Sorry that is how I feel.

        My question is are we just adding to our own misery ????? I think we all need to wake up and take our  profession back make a lot of noise on all the we sites because the media is not the final say and truth be told you need to talk with a Realtor and hear what we have to say !! We have a voice and we need to be heard.

     There is strength in numbers !!!If our local Boards and the NAR are not going to show support than we are defeated and nothing will turn around until we start doing something about it. If we all team up no matter what part of the industry you are in do whatever it takes, to get the word out. Let's put our energy to work and see what we can do because we love what we do we are not a dying breed ??

 Remove the Re/max because this is who we are !!

 

 

 

 

 

 

Comments (14)

"JT" Prevatte
Former Agent - Fayetteville, NC
Very good post....
Nov 03, 2007 02:11 AM
Kay Perry
Kay Perry, Broker - College Station, TX
Great points.  Our market in College Station, Texas, is still a strong market.  We are fortunate to have Texas A&M University so the city is always growing.  Many A&M alumni come back here to retire.  We are seeing a little less activity but overall, the market is great and the prices are still stable.  Of course, I've been in it long enough to know that what goes up, always comes down.  But maybe the 'down' won't be much.  Our are realtors have a very positive attitude toward the market here.
Nov 03, 2007 02:15 AM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate
Thanks Jeff
Nov 03, 2007 02:21 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
I think it is important to stay positive, be honest with our clients and take each situation on a case by case basis.  There are great opportunities at this time and it is important to give our clients the tools they need to make informed decisions.
Nov 03, 2007 02:25 AM
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Excellent reminder.  The truth is that homes are still selling.  We only magnify negative information when we continue to repeat it without highlighting the good things that are ALSO happening.
Nov 03, 2007 02:27 AM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate
Kay I have to say that much the same in this area as well with listings and sales are still OK. However, we have a lot of relocation to the area from other parts of the country because we are so close to Philadelphia and New York.The only thing slowing us down seems to be those coming to the area waiting to sell another property out of state.I am hearing a lot of relocation companies changing their structure on how and when to relocate their clients. They seem to be not allowing the buyer to make a commitment on a new home out of state until they are in contract first , at that time they can proceed. Over all we are still selling homes but at a much normal pace. Thanks for your reply and have a good day
Nov 03, 2007 02:27 AM
Linda Peters
Salem Five Mortgage Company - York, ME

Catherine,

 

Excellent post.  As a mortgage professional, I too feel that we need to do hand to hand combat against the media.  It is our responsibility to be informed, know our markets and what we do best, then go out and reassure our clients.

Kudos for you in bringing a positive outlook to your clients. 

I wish you continued success!

Nov 03, 2007 02:31 AM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate
Lola -you are so correct on that note !! It is like a brain washing effect on the industry and the more the media says it , we will start to believe it even more.
Nov 03, 2007 02:32 AM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate
Linda - I have to say I am not a rebel , but when it comes to what I do and by the way love every moment of it. You know first hand what an up hill battle we face.Every mortgage company is under the microscope and a great company like yours, who I use most often is also taking hits pretty hard from the media. Knowing that and what your company represents I keep using them because they do they job for me !!!
Nov 03, 2007 02:38 AM
Linda Peters
Salem Five Mortgage Company - York, ME

Catherine

Thanks for your support of our company.  I do feel that we have an excellent model and I have appreciated those realtors in my market who have continued to support us.  Re/Max among them.   But then again, it has been our responsibility to be out there, informed and helping our business partners feel comfortable with all that is going on.   This market is an opportunity for those who want to be proactive and stay visible.     Like you, I love what I do and can't imagine doing anything else!

Nov 03, 2007 02:55 AM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate

Linda

   Proactive is the word !!! Help and support you hit it on the head !!

 

Thanks

Nov 03, 2007 03:27 AM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate

Joan

thanks so much for your comment we need to inform them and keep them up to date with a posative twist.

Nov 03, 2007 04:46 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thanks for sharing!  How true your post!  It is a very real scenario in this current market for agents with absolutely no brains or common sense to give away houses!  These were the same agents that bought listings.  Sure they had a lot of them expire but they sold a few.  

The problem is there is also no pat answer.  Some homes are selling at market, and others are selling way below market.  My answer is that is home and set of circumstances are unique...so advice is individually dispensed to our clients.  That seems to work best, and does get results!

Nov 03, 2007 03:28 PM
Catherine McKendry
Re/Max Connection - Williamstown, NJ
Realtor Associate

Jim

Thanks so much for your words on this because I did not put the full scenario in the post.This was not just a single family home that is being listed for sale.It is a small gentleman's horse farm with 3+acres.Yes perhaps if it was just a single family on a 1/4 lot I could see the value at the lower price.Taking it for what it is and the unique property that it is was injustice to the owner of this home.I know the other agents who where in and I fell it is a matter of lack of experience or just taking advantage.I would hope it was just lack of experience.Thanks again for reading between the lines on this one.

Nov 03, 2007 11:14 PM

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