Let's Get Ready to Rumble... Not.

By
Real Estate Agent with Keller Williams Realty's At The Beach Team
Put up your dukes
 
It’s absolutely amazing what is happening with the inventory of homes for sale. It’s making real estate sales a real life version of The Hunger Games!
Social media has buyer agents raging at listing agents about... everything.
Not to be outdone, listing agents are pushing back against buyer agents about... everything.
Appraisers, lenders, home inspectors and contractors are all so busy that customer service has become a concept found only in dictionary’s and marketing books.
Sellers expect and get crazy sales prices, terms and buyer concessions.
Buyers submit offers well over asking price and don’t even get a rejection email, let alone a call from the listing agent. The reward for their effort is only deafening silence.
The answer to it all?
Time.
Nothing stays the same so in time the pendulum will swing back toward the buyers. How soon and how far it will swing remains to be seen.
In the meantime... in the meantime... bear down on your work habits, lean heavy on your skills and by all means please, please, please carry on with even more grace than you think you need to because where this market is headed... you’re going to need it.
You got this
 
. Here we go. Let’s get it.
—-////—-
I hope y’all get a chance to do a deal today and when you do be grateful for your good fortune and consolatory to those that weren’t as lucky. It will help to keep the good karma on your side.
You got this
 
.

Comments (19)

Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi John- your liking the market to The Hunger Games may be right! LOL I'm not an agent but I've been around long enough to see that pendulum swing.   

Mar 30, 2021 06:56 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and have a wonderful day!

Apr 01, 2021 06:31 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Apr 03, 2021 06:39 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. In the business since the 70's I have seen the pendulum swing back and forth many times. Enjoy your day.

Apr 04, 2021 05:02 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning John - as a mentor once said to me "This too shall pass".  The point of your post and I have been around long enough to see the swings.

Apr 04, 2021 05:22 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

New skills and fresh approaches are in demand during this difficult market for home buyers and their agents.

Apr 04, 2021 05:46 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Top of the morning John,  I am telling my buyers to get ready to swing the bat a few times and not to take it personal if they have to.  But the best players at the plate are the ones who properly prepare.  You are right, in skills and education we can best serve our clients in these demanding times.  Enjoy your Easter, be safe, stay healthy.  

PS...I came to your post thru Kathy Strieb weekly highlight.  Mark

Apr 04, 2021 05:49 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Yes, this crazy seller's market will eventually settle down. Time heals all!

Apr 04, 2021 06:36 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The pendulum will certainly swing and the bigger issue will be if the over priced listings need to be sold and will anyone bail out the sellers

Apr 04, 2021 07:09 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

I see the rants on social media from buyers agents all the time and as a listing agent, would love to see how much coddling they would give to 25 agents who lost a bid.  Nonetheless, I have made it a practice to call each agent, because that's what they want.  If they aren't there, they get a voicemail vs. an email.  Guess what?  At least a handful in every crowd gets angry because I never called them.  REALLY?  Check your voicemail!!!!

This market is nuts.  NO ONE'S job is easy right now.  We're stressed to the max and working harder than we ever have.  Let's choose to believe we are all doing the best we can and stop blaming.

Apr 04, 2021 09:53 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Shift happens, and it will once again. But you're right, it's a challenging market right now.

Apr 04, 2021 10:11 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi John,  

I have to admit, your name caught my attention before your post.  I have a brother with the same name!  But your post is dead on.  I think we all have to be flexible to work the market we are given.  The strong do survive. 

Apr 05, 2021 08:37 AM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

The reputation agents build in trying times is the reputation they'll carry throughout their careers. And, whether they like it or not, agents should remember that their reputation with other agents, lenders, appraisers, etc. WILL affect their business.

Apr 05, 2021 09:07 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi John, the real estate market changes, we have to adapt and always put our customers/clients first.

Apr 05, 2021 09:27 AM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

And yet, this has already been one of my best years ever.  But that's a holdover from last year.  I've cancelled all my usual advertising for now trying to attact buyers, to see how the rest of the year will shake out.  It's all about getting listings right now and that's through personal contacts for me such as referrals.

Apr 05, 2021 09:53 AM
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

There isn't any excuse for not delivering superior service. Every business should have a process for all operations of their business, no excuses when you have a comprehensive business plan and execute the process. 

Apr 07, 2021 02:56 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

I tell people the only thing constant right now is "change".

Apr 07, 2021 10:41 AM
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

It's happened so many times in the past it's laughable. It will cool down sometime.

Apr 07, 2021 11:28 AM
John Moran
Keller Williams Realty's At The Beach Team - Destin, FL
For Your Place At The Beach

Thanks for the feedback.  It sounds like your experience has been similar to mine... as soon as I think I have it figured out - everything changes.  The answer? The answer?  I am going to keep helping my sales people do real estate sales at a very high level - no matter the market.  This mentality has served us well in the past and I'm confident it will continue to serve us well in the future.  Good luck to y'all.   

Apr 07, 2021 05:40 PM