Real Estate Challenges
By Grace on May 30, 2008 in Dallas County, For Realtors, Real Estate Careers
Another six lenders just locked their door! Two of them were working on loan packages for your clients, now what?
The mortgage lender collapse as well as the change in mortgage rates and the loss of the sub-prime deluge is presenting challenges that the Dallas Real Estate market hasn’t seen for many years. Homes sit much longer on the market, because buyers are less quick to drop a contract on a place where it’s even a little tight.
Now is when you have to really prove yourself as a Real Estate Agent. Are you willing to work with listings that make take time and effort to get moved, even in good neighborhoods? Are you going to be willing to help clients dig for a loan and mortgage package they can work with?
Climb and take your business to the top, or quit and look for an ‘easier path’. It’s your choice, your decision and your promise to yourself as well as your clients.
Anyone off the street can make a buck with a real estate license in a hot market. The difference between just anyone and a professional becomes clear in the hard market. Are you a Real Estate Agent or a one shot wonder?
2 Comment(s)
By Chuck Marunde on Jun 4, 2008 | Reply
I’m a long way from Dallas, 2 hours west of Seattle actually, but believe it or not we have a significant number of homeowners that move back and forth. Realtors here were making money in 2005 and all they had to do was show up part of the day. Not so now. I think we’re a long way from seeing the end of the foreclosure nightmare across the U.S. Like a stone thrown in a pond, the little circles will reach further and further.
By admin on Jun 5, 2008 | Reply
Chuck, in any market there is always money to be made. You just need to adapt and overcome.