“Here is what is funny to me. If everyone thinks that the market is going to implode would that mean that all of those people who had never even thought of selling their house should at least have a conversation with someone about their home value.”
I recently spent several hours talking real estate with the buyers agent I used to buy my current house. He told me that 90% of his work right now is REO’s and short sales.
I also regularly see a realtor that I met when I was house hunting in this area. Turns out he and I frequent the same watering hole. We talk about the market alot.
I just find it strange that for the last 8 years, you never saw anyone pounding the pavement (this is the first realtor who EVER come to my door trying to drum up business)-just sitting back and collecting the 6% commission for doing nothing much more than listing your property on the MLS and handling the paperwork.
Don’t get me wrong, I’m sure that there’s alot of hard working realtors out there but the recent boom brought alot of riff raff into the industry because it was essentially ‘easy cash’. For the most part, houses sold themselves as seller’s agents sat back and watched multiple offerers competing against each other.
I guess it’s good to see some people out wearing out shoe leather but it speaks to how the market has turned around significantly.
