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Trulia Phoen…, Home Buyer in Phoenix, AZ

What are the 3 hardest things about working as an agent in todays market?

Asked by Trulia Phoenix, Phoenix, AZ Wed Apr 3, 2013

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8
Tom Inglesby’s answer
1. Showing house the first day listed
2. Educating buyer of market
3. writing good offer and getting house at the right price

Depending on price and location homes are selling in days here in Portland and buyers are having a hard time understanding this. Agents cannot believe how many offers are on a house when some times homes have more than 20 offers in less than 24 hours buyers write offers with out going to the property since there is no time. Not a fun time for all the realtors running around trying to educate buyers on the current market. What ever happened to the good old days of 4-6 months on the market?
29 years in this great business and still loving it.


Tom Inglesby, Broker RE/MAX Equity Group, Portland, Or
0 votes Thank Flag Link Thu Apr 4, 2013
i give my hat off to the others who have been in the industry for 17 & 27 years. i've only been licensed for 8 years. the 3 things that bug me the most are as follows

1. too many cash buyers who drive up prices and wipe out the competition. now believe me, i'm a true capitalist who believes in the free-market. and maybe people can budget better, pull their monies together and get on the same level but it does create a damper when submitting offers.

2. aggressive listing agents who hyper-inflate property values. again, i'm all for the free market... but anyone who's college-educated and learned about "the tragedy of the commons" can tell you that slow & steady is far better a volatile market.

3. unrealistic buyers, especially in phoenix. some people think they can buy a scottsdale property with south phoenix money. people don'[t realize that in order to get a property customized, it has to be THEM doing the customizing.

all in all, being a realtor is no different than other professions where you deal with the public, you have a substantial competitive edge and the majority of people only think they know... when they really don't.
0 votes Thank Flag Link Thu Apr 4, 2013
"One of the things I learned the hard way was that it doesn't pay to get discouraged. Keeping busy and making optimism a way of life can restore your faith in yourself."-Lucille Ball

Even if the market is challenging, keep going!
0 votes Thank Flag Link Wed Apr 3, 2013
Lack of Inventory is making this a challenging market. It is difficult to find a home for a buyer that doesn't have any offers!
0 votes Thank Flag Link Wed Apr 3, 2013
I have been a REALTOR for over 17 years. The current lack of inventory is frustrating for my Buyers and therefore frustrating for me :) looking forward to a more balanced market...where a Buyer does not have to make multiple offers. The change is slowly occurring but with only 17,000 homes on the market (less than a months worth of inventory)...it cant happen too soon for buyers here in AZ :) Sellers should sell now...the market is cooling... builders are building again...by fall I think we will start to see a more normalized market.
0 votes Thank Flag Link Wed Apr 3, 2013
After 27 years of working as a top producer in real estate in CA and AZ, I would say today's challenges (and they change constantly) are the low inventory, the stringent lending requirements , and meeting the expectations of the out of area client. I work often with CA buyers and they are surprised at the tight inventory here-it's just like CA! The three best things working in today's market are the highly informed buyers who use the internet to get familiar with neighborhoods and pricing, the absolute love and enthusiasm people have for owning real estate, and the grateful faces of friends, family and clients after the closing! It's always wonderful to buy your own home, no matter how many times you do it!
Katherine J. Higgins
Broker Associate
Realty Executives
6263 N. Scottsdale Road, #140
Scottsdale, AZ 85250
Cell: 480-710-2020
http://www.khiggins.com
0 votes Thank Flag Link Wed Apr 3, 2013
Agree with Stephanie! BUT I think what separates Realtors is how we handle some market challenges- inventory, new builds, and the rental market! It's not to much "hard"- but we are always learning and trying to stay on top!
0 votes Thank Flag Link Wed Apr 3, 2013
nothing....If you love what you do, you never work a day in your life which I recently heard on a commercial
0 votes Thank Flag Link Wed Apr 3, 2013
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