Handling the Real Estate Speed Bump
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I'm writing today in response to the article in our local Union Democrat newspaper yesterday about the real estate market in the Mother Lode. The headline was: "Market's decline squeezing Realtors" and you can read it HERE if you didn't have a chance yet.And let me just cut to the chase: The article does well to paint a picture of real estate in our area. That's for sure. Unfortunately, it leans towards the gloom and doom scenario. And you gotta know me (and if you don't, just ask my wife). I'm not a Pollyanna. I'm a realist. I have to be. I have three kids that are depending on how I perform to eat. And so I don't take lightly when there's a glossing over of the facts. I mean, if a patient's got terminal cancer, he's got terminal cancer. And apart from divine intervention, he's gonna die. That's realism. That's me.
But when it comes to the state of things, and in particular the state of real estate in the Mother Lode, come on people. Times may be tough. But we live in the greatest nation on the face of the earth and in the history of mankind. (Remind yourself if you have to.) This is the land of opportunity. And of course, the market is correcting itself as it always does - ebb and flow, go up and go down (and spin around it seems sometimes, too). But there's still real estate to be bought and sold. Isn't there? And some realtors are doing business. They're working their you know what's off, but they're doing business.
And if it isn't you, then my thought is: Keep at it. Keep working hard. Learn to innovate. Continue to prove yourself as the go-to realtor. And turn a deaf ear to the naysayers. It's not NOT living in the real world. (I hope my high school English teacher isn't reading this.) Instead, it's choosing to be optimistic. It's choosing to put your best foot forward. It's choosing to go toe-to-toe with the beast believing the potential exists for you to prevail. It's perseverance that's ultimately rewarded and nothing less.
It will be the realtors (and whoever you may be in whatever career field) who keep their heads that handle this speed bump in our day and be the better for it on the other side.
Labels: mother lode real estate, real estate mother lode, real estate sonora, real estate twain harte, realtor, sonora real estate, sugar pine realty
posted by Unknown at 8:49 AM
6 Comments:
It helps to have a working spouse too!
As a Real Estate Virtual Assistant, I have to say that I agree with you. 3 of my agents are working hard and getting 2 to 3 transactions a month - consistently. It's amazing, and while the economy has a lot to do with it, I think the tone of the media and the personality/work ethic of the agent have much more.
I work for the San Mateo County AOR and our President has been telling our members basically the same thing for the past six months. People who keep an optimistic look at things and just keep on going, are doing deals and surviving. The ones that let the negative media and "consumer confidence" news get to them, are the ones leaving the business. Its all about attitude..and I KNOW real estate is a tough business!
I am more convinced that Realtors who are still in the game are among the most resilient people there are.
From the wild market swings, to foreclosures, to all the short sale shenanigans that have everyone and their brother taking a piece of the commission, we keep getting knocked down, but keep getting back up for more. My philosophy is that you just have to get up one more time than you get knocked down.
Mike is right, remember 18% interest during the late seventies early eighties? Even in the depression people were buying new homes in Rochester New York because Kodak was cranking out the stuff to make movies. Its all part of sales.
This really should be called "handling the new norm". Part of the problem with some realtors is that they believe the changes are temporary and that the market will return to where it was. You are absolutely correct in staying realistic and positive and developing a workable new plan. One that will enable you to get your portion of the pie regardless is how it has shrunk.
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