Industry News

A good time to buy? It depends

Realtor Notebook

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It is hard to imagine or understand, but not everyone trusts real estate agents or Realtors. According to a Harris poll, 20 percent don't trust us at all and only 7 percent trust us completely. As an industry we shoot ourselves in the foot when it comes to being trustworthy. Examples include the press releases and other information from the National Association of Realtors (NAR). NAR is a huge trade association and exists to promote our industry. As such, NAR likes to put a positive spin on buying real estate. In the land of NAR it is always a great time to buy real estate. The truth is it isn't always a good time to buy real estate, not every market is the same, and not everyone who can buy real estate should be buying real estate. In recent months NAR has started telling consumers that real estate is local, which is true. Some real estate companies and agents like to make general statements, which are misleading and breed distrust. One company had signs up all over town...