- Yes, the real estate market has changed.
- Yes, REALTORS are working harder and earning less.
- Yes, properties are sitting on the market longer.
- Yes, many sellers are becoming frustrated.
- Yes, some buyers think the market is even worse than it is and that all sellers are getting ready to give their homes away.
- And yes, some sellers think their property is still appreciating.
All these things are true. Another thing that is true is that this has happened before and will happen again.
Yes, real estate is cyclical. It's a seller's market and then it's a buyer's market. The shift can be swift from one to the other.
As a REALTOR® you sometimes wonder which is the hardest market. The one where there are several buyers for the same property and your buyer is not the lucky one with the winning contract or the one where there are many more listings than there are buyers and your listings aren't the ones purchased.
Among the REALTORS there will be some winners and some losers. Those who have been in the business for a number of years have been through this before and some of them will say no more. Others are facing a tough market for the first time having gotten there license when the housing market was booming. Some of these will see this down turn through and others will disappear.
Whatever happens some REALTORS® will survive because we are needed. We provide a beneficial service to the public in good times and bad.
WHAT ARE YOU DOING TO SURVIVE? ARE YOU DISCOURAGED? THINKING OF QUITTING? ARE YOU BEING INNOVATIVE? AND HOW ARE YOU USING YOUR "DOWN" TIME?
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If you or someone you know is thinking of buying or selling property at or near Lake Anna, please contact Kathleen "Kate " Elim. Kate lives at Lake Anna, knows Lake Anna, loves Lake Anna, and specializes in Lake Anna area real estate.
Call Kate at 540-226-1964 or by e-mail at lakeanna.kate@gmail.com. Be sure to check Kate's Web sites and blog at http://lakeannaandbeyond.com/ or http://lakeannacountry.com/
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