How are you coping in this market?

Real Estate Sales Representative with Weidel Realtors

I don't know about you but I'm finding this market very reminiscent of the market when I started in 1993. Buyers and Sellers skeptical and very leery of what the future holds. Unpredictable twists and turns and many factors impacting all at the same time.

For instance, there is the credit crunch, Appraisal worries, Short Sales and Foreclosures, and still a great number of people that can't understand why they can't buy a house with no money down...Angry Seller's...equally angry and skeptical Buyers, Indeed the whole situation has become a quagmire of ill fated and unrelated issues colliding in one big intersection.

What I have found is that by remaining brutally honest with both Seller's and Buyer's I have (or seem to have) the best chance to succeed. I preface it with don't shoot the messenger, but I tell them what I perceive is going on. The media has convoluted the situation by fragmenting the industry. One day they blow the Mortgage situation sky High, then the next the credit crunch, and then let's talk no wait lets highlight Mortgage negatives...let's go to foreclosures...let's just stir as many pots as we can and see what burns on the stove.

Please....enough with the cameras and lights in every dank corner. Try to be honest nd forthright with our clients as to what to expect. Try to get them to understand that by pricing their property correctly they may actually get a viable buyer...and let's get some integrity and walk away from over priced TURKEYS...heck their free during the Holidays so let's not take listings that are too high and do something to help ourselves in this market. FSBO SchmizBo...good luck with the FSBO market today...

Well that's my 2 cents today maybe tomorrow I'll have three cents worth! Keep Positive stay true to your goals and Have a great day!

Go Phillies!!!

Comments (3)

Debra Gambill
Weichert Realtor's Southern Coast - North Myrtle Beach, SC
Realtor, N.C. / S.C

As busy as I have been in a slow market- I hate to think what is facing me in a busy market--just my thoughts- - but I believe the business is out there in any market

Mar 31, 2008 02:12 AM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor
John and Kathleen, some people are indeed concerned about the economic climate today - but they aren't the serious buyers. People who want a new home want just 2 things - one that meets their needs at a price the can afford, and one they can get financing on.
Mar 31, 2008 02:15 AM
EWS Global Real Estate Solutions
EWS Global Real Estate Solutions - Orlando, FL

Great post! I think you've done a good job of speaking for a lot of people in our industry right now. I've acutally posted my own opinion on the subject on my blog.

Personally I've found it very helpful to target buyers in the International Market, rather than rely on the locals, whom have been tainted by media stories of doom. There's a whole pool of buyers out there with much better resources to invest in property here in the United States, with the value of the dollar being what it is today, compared to say, the Euro.

If you want some ideas on how to market Internationally, you can check out Elite World Search.

Good luck to you! :-) 




Mar 31, 2008 02:33 AM