I posted a reply I think is reasonable. Not from an agents perspective, but from the perspective of one who has seen the market for awhile. You have good and bad in this and all vocations. 10% is the screwups ratio in most areas you look at. 90% do a good job, 10% are a waste of space. Some people look at the 10% only.
Others think about what has happened and who made it happen. Had real estate agents (with many ,many others) been less greedy over the past decade perhaps the bubble would not have grown and then blown.
It is true most of us do not see the hard aspects of a job someone else holds. That is true of all jobs. Those who do a job well do it so seamlessly and seemingly effortlessly that others think there is nothing to it. Well, that is until they try doing it themself.
If an agent does not listen and shows you ranches when you want to see a colonial it leaves a bad taste for all realtors. It is not fair, but how many priests got scarred by the bad ones? How many bankers are bad bankers when they did not do the things that the real bad ones did? How many poeple of many professions have been scarred (in reputation) by some bad apples in their industry? Where is the honest car dealer? Where is the honest lawyer? Where is the insurance company that pays off easily when a claim is submitted? All of those ( I hope) exist somehere, probably lots of places. But people hear the bad stories about some and paint them all with the same brush.
Then look honestly at NAR. From what I have seen they are a very dishonest bunch of cheerleaders not an industry evaluation expert. When NAR put out all of the ads they have had. And people say all realtors come from NAR ( it said real estate agent yes?) People think the realtors must be as stupid or dishonest as NAR ( that represents them) is.
Right now, how many realtors tell people there are 2.5 million foreclosures in the pipeline?
The quoted paragraph shows that there are at least 2.7 million foreclosures that have yet to hit the market. Some of those may be modified, but the vast majority probably won't
Or how about the 7 million to come?
<--a forum about it.
When do real estate agents say more foreclosures are coming, wait to buy? Or if you buy now realize prices are likely to drop?
If people find out things that go against what most ( not all) realtors are saying. "Buy now, the $8k credit will disappear if you wait" "No better time to buy, house prices have dropped" "Hurry up while you can still get this deal" "this house is perfect because it has stainless and granite" and so on...
How can they trust what else is said when the above all say buy now regardless because I want my commission now?
The buy now get the $8k credit is one of the worst campaigns I have ever seen. It made people feel like they had to rush to buy somerthing before they lost out. That increased prices and decreased thinking. It is likely to be a secondary bubble that will burst in a few short years. When I saw that I felt I had to wait until the B.S. ran out.
The prices will drop to reflect economic reality. I wait for it, realtors (and teh government) preach against it.