What can agents do in a downturn?
By Inman News, Friday, November 21, 2008.Bookmarking Sites
Story Tools Sponsored by:
Alex Perriello, CEO of Realogy, gives advice to Realtors on what they can do to weather these challenging times.
More stories on Inman.com featuring Alex Perriello:
Alex Perriello will be a featured speaker at Real Estate Connect in New York City, January 7-9, 2009. Find out more.
***
What's your opinion? Leave your comments below or send a letter to the editor.
All rights reserved. This video may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this video without permission is a violation of federal copyright law.
You must login or register to post a comment.
Submitted by Ralph M on November 24, 2008 - 7:47am.
Is this the guy who:
1- Created a commercial of 2 paintings of old guys speaking to each other?
2- Is currently having articles written about his company not paying/keeping up his own company loans?
3- Has not come out with a product that has kept his company and other realtors in the forefront and allowed trulia, twitter and Forsalebyowner to out pace his?
www.aarsteam.com
Submitted by Robert A. Hulme on November 24, 2008 - 7:48am.
I agree with Alex, it is so important to do all three of those things, Being positive, Proactive and Persistant are three things that I model my career after, especially in a down market. I have found that I have had my most success when the market is down. I also am at my best during the winter when there is a lot of snow on the ground.
I am sure this is due to the fact that other agents are being negative, therefore they are not as proactive. I look forward to the down times, bring it on, that just means more business for me. Thanks Alex for reminding us all that we need to work at this business all the time.
Robert A. Hulme
Realtor, GRI, e-PRO
Prudential Utah Real Estate
robert@RobertHulme.com
www.UtahCountyRealEstate.us
www.UtahCountyHomes.ws
Blog : www.UtahHomes.ws
801-885-2586
Submitted by Ronald Hurak on November 26, 2008 - 12:52pm.
Mr. Perriello has it bang on. Problem is the agents have great 'now' skills which makes it very difficult for them to think long term. That's why so few agents can maintain a sustained marketing strategy. It's just not in their nature.
Ron Hurak, CCIM
Co-Founder of Team OBS
www.teamobs.com
Submitted by Sal Antsipenka on July 23, 2009 - 5:28pm.
I love to hate this love of adjectives and slogans. It's the same as promising to quit smoking or drinking. 99% of people simply break their vows as long as they can sustain the damage.
The same in real estate, don't vow or declare to be Persistant, Proactive or anything of that sort - just do it to the best of your abilities and see what happens.
Sal Antsipenka
VIP Realty, Inc
Naples, Florida
http://www.naplesrealestateseller.com
International RealEstate Buyer Leads
http://www.realestatefair.net
Submitted by Evan T on July 28, 2009 - 9:38pm.
We should remain positive despite of uncertainties. Convert every risk into opportunity. Innovate and be competitive all the time I think that’s the sure fire to do during economic slowdown. No one can exactly tell when will the recession will end, but we are still optimistic that before it is too late the government already have the appropriate solution with regards to stable financial system and poverty reduction. Concerning the issue of tight budget more and more people use credit card . However, Credit cards are the devil's playthings. They get a lot of people into trouble, and you would think that with the number of bankruptcies that have been filed because of the darn things that people would do some credit repair if needed, and then never credit cards again. However, because we all evidently put that much stock in what marketing departments tell us we should do, it won't be happening, but damage control can certainly be done. They don't really offer many courses on responsible use of credit – but you should only do so sparingly, only for large purchases. Use good budgeting and responsible spending practices. That way, you won't need payday loans to undo damage from credit cards.
Submitted by Andrew Mooers on August 2, 2009 - 7:43am.
Not every market is a downturn. In rural America where the prices are low low, and quality of life higher, friendlier, with lots of strong local community hometown pride, these areas shine. Affordable, enjoyable with space. Had three closings last Thursday alone so woe is me market? Not where I operate. Now the 16% adjustable rate mortgages of the 1981-1983 real estate period...that was a sobering time but gave you perspective, taught you to live below your means, save for a rainy day. Now is the time to buy, low rates, super selection and buyers who have not lost their job, are not head over heels in debt are cleaning up. Real estate brokers now need to do way way more than stick a sign, take a few stills and write some same old tired copy and hope for success. Video, of property and the local commmunity, a positive attitude and better, more plentiful imagery, sharp exciting copy. That sells real estate..lots of it.
Maine REALTOR Andrew Mooers - Houlton Maine / Aroostook County
www.mooersrealty.com
Submitted by inman outman on August 26, 2009 - 1:14pm.
Now the 16% adjustable rate mortgages of the 1981-1983 real estate period...that was a sobering time but gave you perspective, taught you to live below your means Free online games
Submitted by kalas balas on August 31, 2009 - 2:26am.
agents are simply the mediators and they act according to the market, the government must fix certain rated to avoid this.
regards,
kalas - wines
Submitted by jilla billa on September 3, 2009 - 9:23am.
dont believe agents they try to cheat every one especially the new comers.
jilla - davidabrahams