A Lot Can Happen in a Decade

By
Managing Real Estate Broker with RE/MAX Advantage | Managing Broker 17050

A lot can happen in a decade, both personally and professionally.

Over the past 10 years, my husband and I have moved our entire household 4 times. Bought 3 houses, sold 2. Lost our noble yellow lab Carson, but not before he got to spend a few years with our little princess Eleanor. We gained 2 daughters-in-law and were blessed with 2 healthy grandsons.  I closed a RE/MAX franchise, opened another one, then sold that 5 years later. I lost some friends then met better ones, expanded my real estate practice to include North Central Washington and began fine-tuning my wine tasting palate.

 

Frankly, I’m  sitting here today, one grateful, happy camper.

 

Thinking back to the start of this decade, the Summer of 2007, and I all seems so surrea

 

That was the Summer when the switch on the real estate market in the Pacific Northwest was flipped to "OFF".  It was July 2007 which was the very peak of our market. From there, the descent continued rapidly with no end in sight.  2008, for most everyone I know in the business, was the very worst. Owners were only beginning to understand that their equity was draining away, and buyers had no confidence or desire to invest in a declining market. 

Over the subsequent 5 years, my real estate practice was composed mostly of helping underwater homeowners negotiate with their Mortgage holders for short sales and release of liability on the promissory note. While it wasn't the happiest of circumstances, there was a great deal of satisfaction in seeing the relief of owners who were previously stuck. ..needing to move, unable to keep up with payments, watching their credit scores plummet, the worry and stress was real and often palpable. 

Today, as we all know, the market has turned a full 180 degrees in the Seller's favor.

Many are saying sellers have gotten "greedy".

I think they're remembering ghosts of the past. 

We've come a long way over the past ten years, and it's nice to read that today, on a National basis, 94% of homeowners are in a positive equity position. Here in Washington State, that number is slightly higher at 98.2%. Employment is good, people are investing confidently.

 

Of course there’s talk of another bubble….I’m not getting into that type of speculation as I learned that lesson the hard way once before.   After almost 30 years in the business, I’ve learned to adapt to any market, be of service to buyers, sellers and all my past clients who may never buy or sell again but may still need advice and guidance.

 

Yep, a lot can happen in a decade.   

 

What happened for you? 

 

 

 

 

Posted by

 

Thanks for reading!

 

 

 


 

 ____________________________________________________________________________________________________________________

Colleen Fischesser REMAX

 Serving the beautiful Pacific Northwest Since 1990!

 

Colleen M. Fischesser, Managing Broker

RE/MAX Advantage, L.C.

Serving Seattle and the Chelan Valley

206-491-3819  (Cell/Text Seattle)

509-699-1611 (Cell/Text Chelan)

 

 www.ColleenFish.com

www.ChelanPropertyShop.com

www.NWPropertyShop.com 

 ___________________________________________________________________________________________

This is a personal blog based on my opinion and experience in the real estate industry. All content is provided for informational purposes and should not be construed as legal, financial or tax advice. Laws, industry practice standards and procedures vary by state. Readers are advised to contact appropriate third parties for professional advice when needed. Any questions please let me know!

 

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Rainmaker
3,983,683
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sounds like life is as smooth go. It is great that things have worked out well

Aug 09, 2017 07:28 AM #1
Rainmaker
473,514
Colleen Fischesser Northwest Property Shop
RE/MAX Advantage | Managing Broker - Chelan, WA
A Tradition of Trust in the Pacific NW since 1990!

Thank you William Feela , things are vastly different than ten years ago thankfully!  

Aug 09, 2017 07:31 AM #2
Rainmaker
2,070,663
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Colleen Fischesser Northwest Property Shop - What a difference a decade makes! You sure have gone through many changes, big ones too! You're right about 2007, the market crash, and everything else. Anyone who was in business then, has stories to tell. You told yours well and you landed on your feet. 

Wishing you a good retirement someday, many happy days, good health, prosperity, love, and happiness. 

Aug 09, 2017 07:46 AM #3
Rainmaker
3,238,992
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow change, change every where is change, use to be a song like that from my early days.

Aug 09, 2017 08:11 AM #4
Ambassador
2,302,613
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

I agree with you on the sellers are now greedy and yet they don't want to pay the high price of a replacement home.  Our inventory is very low here in the Mile High City which adds fuel to the fire.

Aug 09, 2017 08:47 AM #5
Ambassador
3,959,417
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

HI Colleen- times passes so quickly and so much has happened since 2007-2008. Agents still around learned to shift gears which is how they survived and thrived.

Aug 09, 2017 05:28 PM #6
Ambassador
3,959,417
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

                             

                        Thank you Colleen Fischesser Northwest Property Shop 

Aug 12, 2017 05:36 PM #7
Rainmaker
1,990,508
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Colleen - like that expression goes, "What goes around comes around."  People have short memories.

Aug 13, 2017 05:30 AM #8
Rainmaker
1,558,745
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I have learned to learn from the past and travel that bumpy dirt road as infrequently as possible, so as to not re-live the past. I prefer to think forward, optimistically and 'pave new roads'. Having been affiliated with a Re/Max in the past, I can say I was glad to put it all behind me.

Aug 13, 2017 05:52 AM #9
Rainmaker
3,857,131
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Colleen Fischesser Northwest Property Shop ,

I'm glad to see that Kathy Streib featured your post in her "Ah-Ha" moments for the week as I missed it. The last decade has been a good ride and I feel blessed to have been on the wagon! I’ve too learned "to adapt to any market, be of service to buyers, sellers and all my past clients who may never buy or sell again but may still need advice and guidance."

Aug 13, 2017 06:22 AM #10
Rainmaker
3,423,459
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Colleen - I see you have been in business since 1990 -- I remember 1990 like it was yesterday.   Talk about time flying by...

Thank you for the post about the one constant in life - change.  

Aug 13, 2017 06:33 AM #11
Ambassador
1,902,394
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there, we have to adapt to the changing times. As we put it, right after the big downturn, "we're still standing." :) Sounds as if you weathered things just fine. 

Aug 13, 2017 06:35 AM #12
Rainer
482,047
Bruce Kunz
C21 Solid Gold Realty, Brick, NJ, 732-920-2100 - Howell, NJ
REALTOR®, Brick & Howell NJ Homes for Sale

Thanks for sharing your story, Colleen Fischesser Northwest Property Shop . Being able to adapt and keep the customer/ client's needs in focus helps make for success. While a pay day is important, the looks of relief & appreciation for a job well done are invaluable.

Good luck for continued success,
Bruce.

 

Aug 13, 2017 07:43 AM #13
Ambassador
4,067,279
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Colleen

Wow, so much has happened for you in 10 years, but I suppose that's true of many. We all have certainly experenced pretty dramatic shifts in the housing market nationally and locally, and the news about equity is good to see in so much of the country.

Enjoy the rest of your weekend!

Jeff

Aug 13, 2017 07:52 AM #14
Ambassador
2,909,726
Anna Banana Kruchten CRB, CRS
Phoenix Property Shoppe - Phoenix, AZ
602-380-4886

Wow Collen you've handled A LOT in the last 10 years and well I might add. Any of us in the real estate business and even more so broker/owners took a nose dive i 08 and yet somehow managed to get back up keep on moving forward despite the economy.  Congrats to you for all you've accomplished! Awesome!

Aug 13, 2017 10:43 AM #15
Rainmaker
1,034,488
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

We go into cycles about once every 7 years. I have a parent mortgage statement from 1962 stating interest was 5.25%. Saving and Loan Association got wiped out around late 1980s. Assuming an existing mortgage, no down no closing cost, interest only brought American banking to its knees.  I am expecting a decline as many technology companies are losing more than they make. Will see.   

Aug 13, 2017 06:16 PM #16
Rainmaker
922,381
Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

Change is good.  We learn and grow from it.  Thanks for sharing.

Aug 14, 2017 07:25 AM #17
Rainmaker
760,757
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

As long as we don't remain stagnant, that's really the most we can hope for. There will be always be bad and good but hopefully the good will outweigh the bad.

Aug 14, 2017 07:29 AM #18
Rainmaker
1,468,617
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Wow, ten years certainly can include a lot of changes!

For me, I wrapped up a 30 year career with corporate America, and embarked on a fun real estate journey. I broke up with a guy who wasn't right for me, met some other people, and finally my husband and got remarried. I went from raising teenagers, to being thrilled with the lives my mid-20 year olds are finding. I spent three months working aboard a 600 foot merchant marine vessel as a yeoman, wrote a novel, said goodbye to my parents who passed away, and more! Wow, life is speeding by.

Aug 14, 2017 11:49 AM #19
Rainmaker
2,126,098
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

That is a whole lot of living in those ten years! You are blessed and it sounds like you know it! Great post!

Aug 15, 2017 10:15 AM #20
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A Tradition of Trust in the Pacific NW since 1990!
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