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Tempers Flare as the Market Gets More Challenging

By
Real Estate Broker/Owner with Broadpoint Properties Cal BRE #01324959

short sale processIt’s the beginning of a new year, and many agents have made New Year’s Resolutions: take more listings, do more open houses, send out more direct mail, etc. Generally, it’s a time of year when business people are extremely motivated; it’s an opportunity for a new beginning. 

However, there also seems to be an unfortunate trend, and that trend is anger. Over the past few weeks, I’ve seen more than one escrow officer lose her cool because the bank wasn’t approving the final HUD-1 and couldn’t make sense of the financial breakdown. I’ve also seen buyer’s agents argue with listing agents about items that should not have been showstoppers. For example, I’ve heard arguments about due date of a counter offer (despite the fact that the time is clearly written on the contract) and even about curtain rods. 

You’ve gotta wonder whether these tempers might be due, in great part, to the unique and challenging aspects of current real estate market. It is so challenging to get a short sale approved—especially if the short sale has multiple liens at different servicing companies. It’s also tough to get Trustee’s Sales (auction dates) postponed when you are in the midst of short sale negotiations.

So, it is no wonder that tempers flare. That being said, it’s always been my motto that you can attract more bees with honey then you can with vinegar. So, despite all of the chaos in the marketplace, it might be a good idea to avoid anger whenever possible. And, of course, if your temper begins to flare, there are always things like martinis, chocolate cake, and yoga.

 

(photo credit)

Comments(5)

Judith Parker
ProStead Realty - Charlotte, NC
CRS, GRI, CMRS, Charlotte, NC

Hi Melissa, I have also seen people being more on edge.  I think each deal is more challenging in getting it to the closing table.  Losing our cool does not help anything.  Good post.

Jan 23, 2012 11:37 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Hey, I have that red Angry Bird hanging on a loop off my bag. My sister gave it to me. Whenever I go to a client's house, I have to hide my bag because their little kids try to snatch it. But you are right. There is a lot of anger out there lately. It's kinda spooky. I just had a client strip a house -- took the lantern and lamp posts out of the back yard and put buckets over the exposed wiring.

Jan 23, 2012 11:55 AM
Deborah Byron Leffler BzyBee Real Estate Lady!
Keller Williams Realty Boise - Nampa, ID

It is crazy how competitive it is getting...and I think it is going to get even crazier as in our market more homes are getting multiple offers immediately....you snooze you lose....so it is challenging!  

Jan 23, 2012 01:06 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Oh it is the times for sure.  Our industry is tough as it is but now people are sent over the edge for very little.

Jan 24, 2012 04:14 PM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Oh dear, so far I have been lucky and haven't run into any angry people this year, but our market is   totally different, too.  I understand how anger is a normal response to frustration for some, but I'll take the chocolate, Melissa- good advice! 

Jan 25, 2012 04:12 AM