My Sunday Thoughts

By
Real Estate Agent with RE/MAX Premier Associates

The other day I was thinking to myself this buyer's market that we are in can be good or bad for Realtors depending on whether you are listing type of agent or a buyer's agent. A lot of the listing agents I know are having a rough time right now because listings are just staying on the market forever.

I have a listing that just finally went under contract that I have had since March and another that doesn't even get shown at all since April. The listings are lower than previous sales and in great conditions. My other listings get shown but no contracts yet.

So lately I have gotten aggressive towards finding buyers. Since I have been mostly a buyer's agent my whole career it can now be very rewarding with the higher commissions and bonuses that are out there. Fewer sales but more money in commissions.

In Real estate you just have learn to roll with the changes.

Good Luck,

Carlos "Chaz" Mena
Remax Hometown
http://www.southflahomes.com/

Comments (6)

Maureen Francis
Coldwell Banker Weir Manuel - Bloomfield Hills, MI
Coldwell Banker Weir Manuel
Chaz, until this year, I have always been more of a listing agent. Lately I have been fortunate to have buyers in addition to sellers.  The buyers are a very hot commodity now, so I am happy to have them.
Sep 03, 2006 01:44 AM
Scott Gormley
Oak Valley Mortgage-California Home Loans and Refinancing - Chico, CA

Hey Chaz,

I think going back to your roots as a buyers agent is a good idea at this time. I would team up with a few good mortgage brokers in your area that do offer leads to help out.

Good Luck :)

Scott

Sep 03, 2006 01:57 AM
Bob Pavey
RE/MAX Hometown - Aventura, FL
CRS
Great Chaz time to go get them make a goal before the end of the year you will hit it your on a roll in a tuff market
Sep 03, 2006 02:24 AM
Nima Rezvan CT Lender CT Senior Mortgage Broker
Nima Rezvan Prosper First Funding Corporation NMLS#110681 - Fairfield, CT
First Time Home Buyer Expert - CT FHA Loans - FHA

Agent Chaz,

Very true blog.  The same is happening here.  I have some realtors who have been doing this for 20+ years who would never work with buyers and would rather just list a home and sit back.  Now they are shaking in their boots looking for buyers.  Change has already taken place..

*PS: I originate home loans in Florida and we process them in-house so I am always available to you and your clients, just an open invitation with no pressure.

Always,

Nima

http://www.MyNima.com

 

Sep 03, 2006 02:56 AM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

This is one of those questions best discussed over a couple of cold beverages and some appetizers (keep 'em coming).

My take is that while inventory levels and pricing may favor buyers or sellers, the market stays the same for good agents. 99% of the transactions have an agent on both sides. A listing agent who is strong on pricing will always sell homes; a buyer's agent who knows the inventory and is a great negotiator will always sell homes.

We can point to longer DOM and say that's bad on the listing side, but there will always be strong agents who adapt to beat DOM. And to really compare, we'd have to measure DLH (Days Looking for a House) on the buyer's side.

Sep 03, 2006 08:02 AM
Christine Adler
FindAHomeWithMe.com - Fort Lauderdale, FL
SE Palm Beach, Broward & NE Miami-Dade Counties FL
It is not the agent. It is the customer. If you price a home right it will sell. Yes, Even in this market.
Sep 25, 2006 04:49 AM