A year or 2 from now, the headline will be “As housing soars, people flock to Realty as a profession”
The cyclical process of weeding out fly by night mortgage brokers, Realtors, flippers and home builders
any time the 'rats have a better shot, expect pms-nbc to show numbers and "facts" that things are looking rosy for the economy.
As a Realtor, I feel it just clears the ranks of those who don’t have a committment to good service. Those weekend realtors (with a little r), the Carl’s tire shop and real estate services outfits, and the realtors who sit in the office all day expecting clients to walk through the door, are the ones who are dropping out.
REALTORS who make an honorable career, who take care of their customers and clients and who adhere to the ethical standards are still standing strong and doing well.
My two cents
Howza bout I flip this finger?? ;^)
No big deal. A lot of realtors are part timers who never sold anything.
I know a few realtors and mortgage brokers, and I’ve heard about business being really slow, but my thought was, when business was brisk...didn’t you anticipate a slowdown at some point. Reminds me of the fable of the grasshopper and the ant, in that no “food” was stored during the good times, and now the bad times have hit and there’s no cushion to fall back on.
The cycle part of the housing market is tough enough to deal with without taxpayers having to bail out S&L’s gone bad like we did in the ninety’s.I hope we can avoid that part of the cycle this time !!!
“They move from flip that house to flip that burger.”
Both professions will be improved.
Yup, my old Barber will be back soon. He took off a couple of years ago to “get back into Real Estate”.
BUMP
ping
FWIW, why isn’t there an e-bay for houses. Why do we have Realtors at all in this modern era? We still need escrow and title companies, but folks who sell homes? Really?
Today, anybody could take a bunch of pictures of their house and write a description and list it on an e-bay style listing and call it “houses for sale.com” or something. Direct buyer to seller and omit the exorbitant 6% commissions we are being gouged.
Sure, Realtors provide very useful information, but that should not cost you 6% of your home’s value, which is often a MUCH higher percentage of your home’s equity. When I sold my home for $124,000 with only $28,000 of equity, that $7,500 RE commission was 25% of my equity!!!! Nice work if you can get it!
Why not have a website where we can list our homes and we can go get an RE consultant for a small fee to help us price the home and advise us what to fix up for the sale, etc. 6% is highway robbery.
So why not? Probably because those 1.3 million remaining Realtors are doing everything in their power to insure it never happens.
Profession?
In the last 2-3 years, the unemployed children of more than one of my friends all “went into real estate.” So far no sales - who wants to buy a house from a 23 year old?
Living off their wife and/or parents.
IMO weeding out that demographic is probably a good thing.
Realtors fighting illegals over flipping jobs...that is something I’d pay to see.
Moving from flipping houses to flipping burgers will take jobs from illegals. Jorge will be displeased.
They need to get rid of another 1 million before I would be happy.