Who says the market is bad

Education & Training with Real Estate Expert Witness Support

i have heard so much whinning from agents in the last few months.  If you listened to them,  it is Chicken Little all over again.  Is it harder than it was last year ......yes.  But,  compared to the rest of the US,  our market is amazing.  I have been showing property in the Cambrian area.  Houses that are priced right (not low, right) and staged properly,  they sell.  In fact,  we lost two houses before we finally got one approved last friday.  And,  when we ran the comps,  houses were selling within 3 percent of list price.  Yes,   some of them were on the market a while,  but they were way over priced.  Once they were priced right,  they sold quickly.  The house we bought,  sold in less than 10 days after being priced correctly.

I suggest we quite whining.  The market is what it is.  We can't change the marke tbut we can change ourselves.  We can communicate with our friends and clients and tell them the truth about the market.  Why are we not talking up this market for buyers??  Softer prices and great loan rates.  What a great market.

But the question is always.....what will happen in the future.  This is basic real estate economics.  Question 1 is do people want to live in California??  Are there high paying jobs available and will they be available in future? Yes,  this will be the center of the universe in computers for some time. If you haven't heard,  HP, Yahoo, Google, Sun, Cisco, Nividia, and lots of others are headquartered here,,,,and will be for a while. And our unemployment is under 5%,  which means that we are cranking,  even in this slow market.

Like any industry,  when the market slows,  sales people have to work harder.  Duh! But, what a great time to regroup,  attend every class you can,  go back and setup the personal farming plan that you never got around to doing and other things.

So,  when you are around agents whinning about the market,  just walk away and do what you need to do to make it through this market.




Posted by


Guy Berry

Email - guy@guyberry.com

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Comments (4)

Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Guy:  Just what we need... another remark calling us "whiners."  LOL.  What we really need is more agents who write posts... to use "spellcheck."  :)

Jul 22, 2008 05:18 PM
Kerry Lucasse
eXp Realty - Urban Nest Real Estate Group - Atlanta, GA
Your Urban Nest Atlanta Real Estate Consultant

I couldn't agree more! Our market has been fairly stable and I'm so thankful.  Of course, with the doom and gloom on the {national} news, potential buyers are still nervous, not understanding that real estat is local.

Jul 22, 2008 05:19 PM
Cheryl Willis
RE/MAX Solutions- OZARK MISSOURI - Mount Vernon, MO
MO Broker - Mt Vernon, Monett, Aurora, Barry & Law

our numbers are off but seem to be getting stronger. time will tell and we can all say 'I remember when"  be good  cw

Jul 22, 2008 05:24 PM
Guy Berry
Real Estate Expert Witness Support - San Jose, CA
Real Estate Broker and Legal Expert

I think that we are whiners.  Most of us have made a very good living in this business and now,,,,,,, you'd think we had been unemployed forever.  I know agents who make $200K+ over the last few years who can't seem to get over the fact that houses don't sell in 7 days.  I taught a class on how to become an REO agent last week.  The cost was $39.  One agent signed in.  Then,  when she found it it wasn't free,  she left.  What a profession.  It is too easy to get into the business and most agents enter treating it like a job,  instead of a business.  How much do they invest in their new career.  Spend a little on MLS and board membership, and the rest of paid for by large companies. In most markets,  most agents don't make a living.  What is wrong with this picture.

Jul 22, 2008 05:28 PM

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