Let’s keep working!
I am sure, that you are asked constantly, as I am, how is the market? is it improving? do you see improvements? Everyone, everywhere, are anxious to hear good news. Isnt it interesting that all eyes are on our industry, what we do, what we think. The entire economy revolves around real estate.
We are in a constant struggle. Struggle of sellers who still care about their property and what it is worth.
Lenders who really dont seem to want to lend, really. Short sales are the most popular loss mitigation tool, really. A Shame. Because as we, as realtors, continually lose patience and drive down the pricing, those prices come back to haunt us the next go round…because they are our comps. They impact refinances, loan modifications and most importantly sales. I know that bank foreclosures are up 44% over last year and as lenders are trying to carefully regulate the foreclosures on the market – by managing the number of homes foreclosed on….the short sales, in my opinion, dont help the values in the market, and most probably, hinder it.
I hear agents say all the time, I hate shortsales!… dont we all, for so many reasons. But we have to work through this to get to the other side. The best thing we can do is work for the best possible scenario within the framework of successfully selling the short sale and move on to the next one.
Lets take the pledge; To honor our industry, to honor each other. To faithfully work toward fair pricing, not
pricing just to make a sale. To truly find comps of value and do our best to protect our market.
Lets work together to return some semblance of sanity to the marketplace. God Bless our country, our neighborhoods, our families struggling financially.
God Bless us as realtors, trying to find the best scenario….to assist our sellers and our cooperating agents, to do the best job we can.
Amen!
