A Plea From Your Local Realtor - STOP Reading the Newspaper

By
Real Estate Agent with Keller Williams Realty

I opened the Washington Post this morning to an article about how magnet manufacturers are losing profits because Realtors can't afford to pay for magnets to send to their clients. The article goes on to discuss how many Realtor are leaving the National Association of Realtors this year. I would normally link to the full article, but I DO NOT WANT YOU TO READ IT. Let me explain...

- Many (not all) of those Realtors that are leaving the National Association of Realtors were people who jumped in while the market was hot. All they had to do was stick a "For Sale" sign in the ground and their job was done. In this market, it's not that easy.

- For those of you who don't know - most of us are 100% commission based. It's quite unnerving if you're not correctly prepared. So for some, the threat of no paycheck for the next 6 months, was enough for them to go back into a salaried job. I don't blame them!

- The paper doesn't print good news. There's a country song by Terri Clark called "Slow News Day"...my favorite line is: "Lately I pray for a slow news day, cause everything goods not bad enough for the front page." If you really want to know what's going on in YOUR specific area, call a Local Realtor in that area. The paper here in DC, can't tell you what's really going on in a specific suburb of Arizona, or Florida, or Oklahoma, etc. Just like they don't see properties here in Arlington or Falls Church that are drawing 2,3, or even 6 contracts at a time. I had buyers put an offer on a house that was $20k above asking, they were 1 of 7 offers, and they still didn't get it. The journalist doesn't see that. He's not a Realtor - he's a journalist.

Here's the bright side...

There are many Realtor that are new to the industry, myself included. And guess what? We're still surviving. Still doing this full-time. And I don't see any chance of leaving this industry anytime soon (unless I win the lottery and can buy a small island in the Caribbean).

If you really want to know what's going on in your local market - call your Local Realtor.

Comments (6)

David Patterson
Columbia, SC
ibdp3

Laura:

You title is so ironic. "If you really want to know what's going on in your local market - call your Local Realtor." That's exactly what the largest newspaper in South Carolina did. I received a call from a reporter from The State Newspaper. They wanted some quotes from me for today's newspaper. If you send me your email address, I'll send you the article. I'd love to get your opinion of the piece.

Dec 20, 2008 05:40 AM
Sandy Nelson
Riley Jackson Real Estate Inc. - Olympia, WA
your Olympia area Realtor

Laura,

I want people to stop reading national real estate market news. Real estate is local.

Sandy

Dec 20, 2008 05:47 AM
Laura Rubinchuk Schwartz
Keller Williams Realty - Arlington, VA
Your Northern Virginia and D.C. Realtor

David -

I'd love to see it! My email is LRubinchuk@gmail.com

Thanks for reading!
Laura

Dec 20, 2008 05:48 AM
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

Laura, I saw this article yesterday -- I subscribe to the Washington Post's real estate feed -- you can see Saturday's articles on Friday.  While the papers sometimes have a pulse on the makret, they generally need to talk to us to get a clearer idea of what's really going on -- and even then often spin the story to fit their agenda.

Dec 20, 2008 07:35 AM
Marcie Purcell
Better Homes and Gardens Real Estate Cassidon Realty - Quakertown, PA
Realtor, Bucks & Montgomery Co PA

Great Advice! Bucks and Montgomery Counties in PA Has some great properties moving too. Really it is not all doom and gloom out there. You Local Realtor that is full time is ready to help and give you great advice. For the agents that are leaving the business it's ok! More clients for us.

Dec 21, 2008 04:11 AM
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
Texas Pride Realty Group Brokered by HomeSmart Stars - Addison, TX
Real Service. Real Results. Real Estate

And it's not just newspapers.  The national news journalists just don't understand that real estate is local.  Like the weather.

Dec 21, 2008 04:14 AM