Special offer
Richie Alan Naggar, agent & author  (people first...then business Ran Right Realty )

Spam prevention
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

No point in standing still, we will be taking territory and growing while others shrink in fear.

Mar 22, 2020 03:08 PM
Rainmaker
2,817,671
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Here in NY, we are paused. On everything including real estate.  Hopefully, the spring market will become the summer market (or perhaps fall).  I'm sure they are figuring out how to do closings remotely for those that were about to close (or maybe they have).  Physical showings are generally not happening (and I hope they don't for a while), but many are making use of video tours.

Mar 22, 2020 12:11 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I do not believe that at this time the real estate agent must pivot away from their intended audience.

What C-19 has provided is opportunity to reset, create, implement and cultivate the value of the  relationships their prior years created.

Would it not be an excellent opportunity for 5 agents to agree to brainstorm to create a list of 20 marketing ideas for the purpose of 'getting in the back door' of prime suspects?

Mar 22, 2020 11:17 AM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I have no divine guidance to give Richie Alan Naggar but my best guess is that it will turn into a sellers market with the great interest rates and all that is being done by this administration to keep the economy on track.

Mar 22, 2020 06:48 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Buyers are on the sideline waiting to see the impact...which they generally think is that prices will decline.

Sellers are confused. How do you market a house that cannot be held open and cannot be visited since agents and buyers in our market are under a shelter in place order?

Mar 22, 2020 05:32 PM
Rainmaker
1,197,152
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

still healthy.  opportunities for those who want them

 

Mar 22, 2020 04:44 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Hard to say, but there have been over 30 homes gone under contract in my county in the last 3 days.  4 today, up from 2 at 10am (5 hours ago).

 

Will likely stay a seller's market, since this is a global issue and not a state specific issue.  I think the actions of the governors in each state will dictate if people want to leave or not.

Mar 22, 2020 02:55 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It may be at a standstill now, but when its ver, as long as teh banks keep loaning money, it will be a madhouse of buying and selling. 

Mar 22, 2020 01:33 PM
Rainmaker
7,836,419
Roy Kelley
Retired - Gaithersburg, MD

When you are staying at home as advised, the business model must be modified.

Mar 22, 2020 11:55 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The slow down has not been felt here because most of home buyers and sellers are high income professionals. When you start hearing layoffs, lack of work, furlough you wonder how it will affect your RE business. About 10 years ago in the midest of Great Recession all homes on the market had multiple offers offering more than asked for. Many buyers tried to offer lower price never had a chance.  I remember every other agent I knew was writing offers on the same house. They get often 100 offers.  Right now business opportunies will falter initially. 

Mar 22, 2020 11:52 AM
Ambassador
5,230,113
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I think it will remain a sellers market, Richie. We have had 130 homes in Charlotte alone (not even counting the 16-county Metro), in the past 3 days.

That will continue simply because we have such a back-log of buyers who are still searching for homes.

Mar 22, 2020 07:55 PM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

The buyer will have the edge in the immediate future since sellers have no idea of when they will receive another offer.

Mar 23, 2020 05:53 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Only time will tell.

Mar 23, 2020 06:26 AM
Rainmaker
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

If you listened to the FaceBook Live I posted on my blog with Barry Habib, you'd know the shift will occur this summer and it will favor sellers if people return to work or job loss is low; favor buyers if unemployment goes up and remains up for a prolonged period of time. But, we are currently in a virus induced recession. It was due and it's good to get it over with.

Mar 22, 2020 10:57 PM