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Jelly Donut Eaters

By
Real Estate Broker/Owner with Chris Balmes Properties

I was meetiing with the sales representative for a vendor we use for advertising a day or two ago and I asked him what he was hearing from other agents about the Portland Oregon market.  He said he was noticing agents were starting to share pages for advertising, etc., rather than have their own page and then he pointed to one agent who has been around a long time and said that this agent was really happy for this market and loves it because it gets rid of all of the jelly donut eaters. I laughed so hard and thought that is so true.  If you just get back to basics and work really hard it is such a great time for those of us who know how to do that.  I happened to be talking to another long time agent and passed the comment on and we both laughed and she said she can remember this agent saying that years ago when times were tough in real estate.  We have one client right now who is on her fourth offer - she has lost the last two to multiple offers and one to a  bad inspection . Her price point is $250,000 or less and if you read the newspaper today you would swear there wasn't a buyer living in that price range - I would love to have that type of scenario recounted in the newspaper on a daily basis - I can't help but believe it could help spur the market.  I also have another client in the $500-650 range and do you think we can find much inventory - you would be surprised - we really can't that fits their needs.  No jelly donuts for us today - we've got work to do!

Chris Balmes with Chris Balmes Properties

503-319-7026/503-427-0372

Real Estate Principal Broker in Oregon and Washington

Comments(2)

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Herb Hamilton
RE/MAX Preferred Inc. Realtors - Portland, OR
Real Estate Broker ,CDPE, Downtown Portland

Chris,

The toughest market for me to break into was the Portland market. When I began selling real estate it was on the coast. Our average market time there was 210 days. If you did not know how to market properties you were sunk. When I arived in Portland the average market time was 21 days and falling. No skills were needed. I had tim competing in the beauty department so listings were hard to come by. I too enjoy a maket that requires more skills.

Jan 31, 2008 12:56 AM
Brian Schulman
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552
It's an ill wind that blows no good.  If the "jelly donut eaters" are periodically flushed out of the business, the public image of Realtors may actually be improved...
Jan 31, 2008 01:14 AM