We wanted to share a quick bit from the January 2008 edition
of Realtor Magazine called "8 Reasons for
Optimism." According to Michael J. Maher, ABR, of Realty Executives in
Kansas City, Kan., the changing market offers plenty of reasons for optimism.
1. Falling prices
enable more first-time buyers to find affordable homes.
2.
Fewer salespeople
mean less competition.
3. Builders and developers
realize they need us again.
4. Sellers are willing to pay
more, so there's less downward pressure on commissions.
5. Great opportunities exist
for investors and for investing yourself.
6. New niche opportunities
present themselves in the areas of foreclosures and short sales.
7. FSBOs and expired listings
present even more opportunities.
8. Consumers realize they need
professionals who are committed and knowledgeable. They're less likely to
list with someone just because he or she is a friend or relative.
The
theme here seems to be patience; waiting out a rough market time (for those of
us in slower areas right now) ultimately allows us to reap significant rewards,
whether in the form of increased business or customer loyalty. So thanks to
Michael – these are useful thoughts for real estate professionals to consider.
The
Zolve Team // Zolve Real Estate Network