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Trulia Charl…, Other/Just Looking in Charlotte, NC

What are the three hardest things about being an agent in today's market?

Asked by Trulia Charlotte, Charlotte, NC Tue Apr 2, 2013

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Getting a buyer's offer accepted (too much competition)
Not having listings
Dealing with agents who are jerks
3 votes Thank Flag Link Tue Apr 2, 2013
Only three things! ?? Please don't mislead people into thinking this is an easy job! Whether yesterday's market, todays or tomorrows, we always have new challenges in whatever is happening in the ever changing market. Some of the difficulties of this business are that clients generally don't understand that we may "work" for an office, but are really "self-employed", and pay for all of our expenses up front, and hopefully get paid down the line; that our income is averaged between a lot of "No Go" sales and "closed escrows". And right now, the hardest part is explaining to clients that the market is mostly multiple offer situations, and you must offer more than the asking price. Needless to say, clients have to have some faith in their agent to trust them on offering more than asking price, which is why it is so necessary to work with clients as long as possible.
2 votes Thank Flag Link Tue Apr 2, 2013
Putting up with:
1. Agents who whine
2. Agents who brag
3. Governments that don't keep their nose out of housing markets
2 votes Thank Flag Link Tue Apr 2, 2013
I love the "agents who brag" and are closing hundreds of deals per month!
Flag Wed Apr 17, 2013
As a Registered Nurse who transitioned into Real Estate, I find that the hardest thing about being in this business is being able to do the deal with an agent who is not above board.

Integrity is something that is missing many times. We are professionals and should conduct ourselves as such especially with each other. Nontheless, I love this business and when faced with having to work with an agent who may have not have "taken their meds", I smile, keep positive and forge ahead.
0 votes Thank Flag Link Sat Apr 20, 2013
1. Buyers assuming the market is completly in the hole and they are going to obtain a deal of a lifetime with a really low ball offer.

2. Sellers assuming the market is sizzling hot and they are going to make out like a bandit...... loosing the sale in the end... regretting the failure to negotiate a fair maket value amount and change their mind after the buyers have moved on to something else.

3. Sales associates who should be on serious meds and/or should not be in the "people business"
0 votes Thank Flag Link Thu Apr 18, 2013
1. Unrealistic expectations due to bad information : Buyers think there are still many distressed properties going for a low low price..not the case in my area anymore, making insulting, low offers that are rejected time and again

2. Unrealistic expectations due to bad information: You can do it as well...or better even without a Realtor?

3.Unrealistic expectations due to bad information: Realtors do not complete deals strictly on the phone (as on some T.V. shows) we do not pull tiny dogs out of our handbags, and most of us do not drive a Maserati !
0 votes Thank Flag Link Wed Apr 17, 2013
1. Lack of Understanding of What We Do - I've had clients/leads recently not fully "get" what the point of our business is. They say things like "If you can't make it to the showing, no biggie!" as if I'm allowed to just give them a key and call to follow up on how their showing went without me. Or I'll show a client multiple rentals and then follow up and they'll be so excited to let me know they found a great place over the weekend and signed a lease - yay! Or I'll get calls from Trulia on a home that isn't for sale and the person thinks I'm out of the loop or not understanding the situation when I tell them the property isn't on the market - "I have the listing pulled up right now. It clearly states it is $50,000. How do you not know this?". No matter how much I try to educate my clients and consumers I come into contact with, I feel like there is a total disconnect between our industry and the public.

2. Buyer Expectations - A lot of people still think it's a Buyer's Market and they're going to get a steal, which is just not the case in my area anymore. They are so excited to "lowball," meanwhile the reality is multiple-offer situations and lack of inventory.

3. Dealing with other agents - I wish we could all just work hard, be diligent and focus. I've had agents respond to showing requests days too late, request feedback on showings they declined, never respond to offers, you name it. It's so disheartening and makes me understand why consumers don't always trust agents, our expertise or our work ethic.
0 votes Thank Flag Link Wed Apr 3, 2013
Three things in this everchanging housing market to deal with right now that are the hardest for me as an agent are:

1. Buyers unrealistic expectation that hte housing market is still bad and they can get the deal of a lifetime. Not true in today's market and with the competiton stepping up you are seeing more multiple offer situations than ever before as well. Buyers are not realizing the effects fo their offers until they lose a house they really wanted and then cannot seem to find another one out there like that. Which leads me into the second ahrdest thing.

2. lack of inventory. Currently we went from one extreme of having a surplus of houses on the market to one that there are very few listings for the amount fo buyers that are out there. Housing inventory is at levels not seen since before the crash. Getting listings is harder now as there seems to be more competiton for the listings out there and homeowners are shopping around more to find the best agent that can get them the most amount of money.

3. getting homes closed. i am hearing a lot and starting to witness it myself that there are transactions not closing becuase the banks have tightened up so much on the lending. It seems we went from one extreme of to loose lending to one that is so tight that the average middle class person is struggling to get finaincing today. This will be a challenge until we get a balance with the banks.

Dave diCecco
Realtor/Broker
Coldwell Banker United
ddicecco@cbunited.com
Cell:704-519-7895
http://www.davedicecco.com
0 votes Thank Flag Link Wed Apr 3, 2013
Getting properties under contract on "fantastic deal" terms of 2011, managing more than seven transactions at one time, getting full approval on short sales where there are multiple lien holders.
0 votes Thank Flag Link Tue Apr 2, 2013
SHORT SALES without a doubt hands down. Working months only to have the bank deny the short sale or not come to terms on pricing, is the most frustrating process in todays market.
0 votes Thank Flag Link Tue Apr 2, 2013
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