Better Days Are Ahead for Community Brokerages with a Sense of Purpose

Real Estate Agent with Inactive

In 2005 there were 27 Real Estate Agents working for 7 Real Estate Brokerages in our local market. Today there are 6 active agents working in the one and only remaining brokerage. The sales volume is down to 16 sales in the last 12 months. The sales agreements are fewer in number, more difficult to negotiate, and much more brittle than they were in the recent past. We have gone from Boom to Bust in 4 years and lost more than 75% of our R.E agents. Some the older agents have decided that it was time to retire. Some have left the state in search of opportunities in the few areas of our country that are growing inspite of our nation's problems. Others have found work locally in other industries.  While a few have decided to go inactive until the market comes back. With the current forecast there is serious doubt that the local market can support the 6 remaining agents. Tough times are no stranger to folks in our town. We have survived forest fires, floods, and major contractions in the Timber Industry and the Fishing Industry. We, the remaining Realtors, understand that the road ahead will be difficult but we travel it with the hope for a better tomorrow and the knowledge that our hard work and our first rate customer service will sustain our brokerage and create tomorrow's opportunities. It comforts us to know that we can still help friends, neighbors, and members of our community sell their homes at the best price their properties can achieve in the current market; and it strengthens our resolve to help buyers find the right home at the right price with the best terms. We continue to volunteer our time in our coastal village and work with our neighbors to build a stronger, healthier, and more robust community. We have seen tough times before and we know that tough times don't last

Posted by

George Bennett, Principal Broker, Affiliated, GRI in Port Orford, OR 97465

Affiliated with 'Neath The Wind Realty Inc.

Comments (2)

Chuck Willman
Utah Homes - Alpine, UT
Utah Homes

George- I wish you well... the market is, as they say today, "what it is". I hope you're able to hang in there and enjoy the rewards of hard work and innovation.

Feb 04, 2009 12:20 AM
George Bennett
Inactive - Port Orford, OR
Inactive Principal Broker, GRI

Thanks Chuck - We are working with what we've got. 16 sales are a lot better than zero sales. It will eventually turn around and we will all tell stories about the housing/economic crisis of 2008/2009.

Feb 04, 2009 01:43 AM

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