The Short Sale niche- is there such a thing?
Back in August of 2007, I wrote a blog post on establishing oneself in the niche of Short Sales which, I was gung ho at doing! At the time, Short Sales clearly were a niche whereby, this small sector of the Real Estate Market had a small amount of Realtors knowledgeable in Short Sales or even willing to tackle a Short Sale Real Estate transaction. Fast forward to 2012 and Short Sales are hardly a small sector of the Real Estate Market, as they easily encompass 25%+ of the market today, of course, dependent upon local markets.
If you’re breathing and alive in October of 2012 and you’re a Real Estate Agent, you’ve likely had your hand in Short Sales, either representing a Distressed Seller or representing a Buyer who wants to purchase a Short Sale, as you just can’t seem to avoid them. Does this mean we have more niche-takers today? Or does this just mean we have more niche takers simply because of the sheer Short Sale numbers present in the markets? But wait a minute how can we describe Short Sales as a niche market when so many Real Estate Agents now handle Short Sales? Are Short Sales the norm or the typical Real Estate transaction? Does that make a Traditional Real Estate transaction the niche market now?
This proves the shifting Real Estate Market and what is here today will likely be changing, so stay on your toes. I’d say we all would welcome the lessening of Short Sales, as Short Sales typically mean despair and if we can lessen despair that would be a good thing. Once Short Sales begin to lessen in the years ahead even though currently there is no end in sight, it will likely be again, a sector cult of Real Estate Agents who will be handling the niche of Short Sales, as our economy starts to improve and they’ll be the shiny pennies who stayed on to help the distressed homeowners.