I would encourage all Realtors to not be waiting for the market to "come back around". Cuz it's not gonna. The boom we just experienced was the *problem*...this recession is the cure. We need this. We've been coasting on artificially low rates, easy money and bad lending practices. That's not normal...or healthy. Additionally, it's proven itself unsustainable. Those of us wanting things to "go back to normal" or who are watching for the market to "come back" will be waiting forever. Sorry...Obama's inflationary "stimulus package" is not going to help. It's going to make things worse. Now is the time to build a business on the fundamentals. A sustainable one. A business built on service to the client, one built on referrals and hard work. That's what America needs. We need to bring the value back.Wealth is not built on sales. It's built on value. If you're looking for an easy buck, quit now.
Christian,
You make a good point. Usually the people sitting around lamenting about the good ol' days are the ones who got in at the boom when it was easy. I missed the boom so I'm learning the hard way or should I say the right way. I see the really seasoned agents still chugging right along, most of them haven't missed a step.
Exactly, Christian. You get it and you will be here for as long as you want to stay in real estate. Most people are out of real estate a year before they know it.
Woo hoo!! The voice of reason speaks!
I've been saying this for a loooooooooong time this year.
"The outcome in a specific situation combines the elements of the situation itself, plus your response to it!"
It is time to respond to the situation instead of sitting on the sidelines waiting for the situation to change!
Good post
I'm with you Brian... I am in for the long run since I am just learning also.
I appreciate the comments. Active Rain seems to be replete with winners. I like it.
I never thought the last few years were "normal"....in fact many times in the middle of a multiple offer situation I thought to myself "this insanity has to stop...the market needs tempering". Now it has swung in the total opposite direction, and I can wait for th pendulum to stop swaying from one crazy side to another...
We're already seeing some serious market strengthening here in Southern California. Buyers and investors are stepping off the sidelines and getting back in the game. I'm getting calls every day now from sellers who want to list their homes. Short sales, but listings and real estate transactions nonetheless.
Don't stay on the bench for too long. They might not need you once you realize the timeout is over and the game is back on.
Cameron Novak
Corona Short Sale Specialist
The Homefinding CenterTM
Corona, California
951-212-7479
Chat About Corona Short Sales 24/7/365
P.S. Over the past 150 years... the market has ALWAYS..... "Come Back". Real Estate and Stock markets.
Cameron Novak
Corona Short Sale Specialist
The Homefinding CenterTM
Corona, California
951-212-7479
Chat About Corona Short Sales 24/7/365
If I were living in West lafayette, IN, I'd concur with you, Just kidding, The market is great for buyers who you can show that nuying now will make them millionaire 5 years from now. I believe that, now go find them!
Cameron, you're very right about the market always coming back in the last 150 years. As long as we're looking at history though (which is a tactic I adamantly agree with btw), no nation running on fiat currency has ever NOT collapsed. It's never worked. At some point shortly after releasing your currency from a true financial backing, inflation takes hold and that's that. We've already surrendered 90% of the value of the dollar since Nixon took us off the gold standard. The idea I suppose is that we're smarter this time around and we can outfox the system. But I don't buy it.
The devaluing of our currency HAS to be included if you want to compute true home values. And unfortunately we don't have trustworthy reporting on inflation. What we do know is that our GDP is somewhere around $13T, and we've inflated our currency nearly $8T in just the last year. And talks about even more bailouts are far from over. Do the math, and you'll find that homes (even in West Lafayette, IN!) have lost considerable value. Now, the PRICES are very steady, but the value is dropping. Soon, being a millionaire won't mean squat.
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