The real estate market in my area, like most markets, is experiencing a record shortage of residential supply. If you were a real estate agent, how would you market to get the much sought after listings?
Question of the Day, Apr 20
The real estate market in my area, like most markets, is experiencing a record shortage of residential supply. If you were a real estate agent, how would you market to get the much sought after listings?
Figure out who’s building lots of homes. Bribe them.
That’s a great idea, the bribing part is a bit tough.
Well first you have to be a good liar to even be a successful real estate agent which entails diverting buyers attention from the looming collapse of PA’s finances
http://lancasteronline.com/opinion/columnists/pennsylvania-is-in-worse-financial-shape-than-we-thought/article_919a054c-250b-11e7-a8c2-8be0e9743948.html
Pennsylvania is in worse financial shape than we thought
That’s a nice way of saying what I usually say: Our budgets are phony-baloney.
Pennsylvania’s latest CAFR is for the fiscal year ended last June and was delivered to Gov. Tom Wolf in December. It’s a joint state/independent audit for which you paid the national firm CliftonLarsonAllen a tidy $684,000.
You’ve maybe heard wailings about a $2 billion to $3 billion state deficit?
Well, using CAFR findings, the Truth in Accounting analysis puts the state’s unpaid bills and real fiscal hole at $74.2 billion, including noncapital project bond obligations, pension debt and retiree health care costs.
A request for response from Wolf’s budget folks brought this from a Wolf spokesman: “The debt cited in this analysis is created by decisions made in the past dating to the 1990s. Gov. Wolf has taken steps to pay down these debts, including making the actuarial required payments to the pension systems which will eliminate the pension debt over the next 30 years.”
I was born, raised, in Allentown. Went to Lehigh Univ and Penn State. When I got out of school in 1971 – I found out that there were no Comp Sci jobs. Found a job out of state – that was the best thing that happened to me – I got the hell out of PA – never to return.
PA is in a death spiral: debt, pension fund debt, declining population, loss of jobs, loss of industry, and shit hole cities like Allentown (invaded by Puerto Ricans) and Philadelphia that suck the tax money out of the rest of the state. Even Harrisburg (the capitol) went bankrupt about 10 years ago, Philly falling apart, and that beverage tax.
If they raise taxes, they will lose even more people, which will make them raise taxes even more, eventually it’ll go down the shitter.
All markets are local and nationally adjusted figures are usually misleading. In my area in the South, single family detached under $300,000 range is really the only part of the market currently in short supply; because that is the market which is selling. The high end, $700k and above, has good supply but sales are not robust. In my opinion that part of the market is oversupplied and we will see price slippage in about 6 – 8 months. Getting property owners to get their properties on the market requires a high degree of motivation, an understanding the market and willingness to price properly. You market yourself by telling the truth and achieving results.
All the truly honest real estate people I’ve known are fucking broke. I don’t think that’s a coincience. You want to be the real estate star, well, your shoes are going to get a little muddy.
Having worked for one I can tell you the ones with the most business are the ones that get more business, it’s a word of mouth game. My ex-boss couldn’t figure out how, even though he tried every gimmick in the book. The problem was him. He was 62, tired of the business, wanted to be retired to hunt and fish and spend time with his wife, but still wanted the money. This isn’t a business that works like that.
Real estate agents are slime sucking bottom feeders.
Think about it – they aren’t: real estate lawyers, or bankers, or abstractor’s of title, building inspectors – they’re nothing except fucking salesmen who want 6% to sell your home.
I’m sure Mike would agree. 🙂
Dutchman speaks from ignorance with his usual orifice. Nothing to see here.
Having been an environmental consultant to the RE biz since 1989, there is one main way to get listings: Work Your Ass Off. Period. That generates word of mouth. It’s amazing how “lucky” someone gets that puts in the extra hour or so every day.
Also remember when it comes to after hours:
You will catch bigger fish at an upscale restaurant’s watering hole during happy hour that at Joe’s Corner Bar & Grill.
You want listings? Go to the UP of Michigan.
You’ll get all the listings you want, and you’ll need them.
Where else can you find a 2BR, 2 car detached, all appliances new home on 1/2 acre double lot for $45k?
Anywhere else in the country all real jobs were outsourced, out of the way, and white.
The real estate agent came to my house a few weeks …when I opened the door there stood a smok’in hot 45 year old lady. Slim,fit,olive green eyes and natural black hair.Awesome is the best way to describe her looks Then I found out she was Yankee and that was the end for me .
I love GRITS…Girls Raised In The South !
Before the Internet was a “thing”, I used to produce monthly 1/2 hour homes for sale programs for Realtors in several markets in Florida. We would go to the homes, shoot exterior/interior shots, do up a voice over, and air it on cable 12x a week. The Realtor sold commercials for all their vendors in the show, HVAC, title co’s, appraisers, landscapers, etc. so it cost the Realtor virtually nothing and was a hugely powerful way to get listings: “We’ll put your house on the teevee”.
Or you can just tell the prospect you have a secret weapon (plant a St. Joseph statue upside down in the front yard…the house will sell in 2 weeks…hear that Stucky?)