Sunday, April 20, 2008

Its ALL about Education

“ Its not knowledge that’s power, it’s the use of knowledge that’s power.”
-Pat Williams

Educated agents help educate consumers to make the right
decisions. We have noticed that the market has turned! After heeding the advise of a
professional RE/MAX Gateway agent, sellers are becoming realistic about getting their houses in the right condition, preparing them for sale by having them staged and by
pricing them correctly. Additionally, bank inventory is beginning to shrink...vacancy rates on available houses have declined from 43% to just over 35% in recent weeks.

When educated about the market conditions by our experienced RE/MAX Gateway agents, purchasers are making the decision to get off the fence and are buying. In
speaking with builders and agents alike, traffic has picked up substantially at model homes and open houses. In many instances, we are seeing multiple offers on houses – what a refreshing change! Another interesting turn of events is that the Wall Street Journal and other media outlets are publishing fewer negative articles on the housing market. Their attention is focused more on the upcoming election & Obama and his pastor. All good news for the real estate industry! We believe we provide you the tools, updated &
continuous training, and support to be successful in any market.

Wednesday, April 09, 2008

Motivation

As we all have experienced lately, selling real estate is difficult. In real estate, we are always selling. You are selling yourself to others - buyers, sellers, and other agents. Convincing buyers to get off the fence as well as convincing them to stay away from short sales take skill. Convincing sellers to price their property correctly and to get in the right condition to sell requires skill. On top of this, working with other agents who don’t have the same level as commitment as we do to our profession makes our job harder. Basically, selling has always been tough and you should be glad that it is because not everyone can do it well. You must dedicate yourself to be a better salesperson to survive in today’s market, but also to help you thrive in future markets.

What is your philosophy in achieving success in life and business? Does this philosophy carry on in all aspects of your life? If you want it, you need to instill the following objectives into your life to make it happen.

It starts with commitment. You need to commit. Commit to yourself that you will do the right things to ensure your success. Focus on the small stuff. Daily activities such as seeing houses, reading articles, writing notes, making calls, networking with clients and agents, researching the market, setting appointments and furthering your education. As the famous quote say, “A journey of a thousand miles starts with the first step”. Just do it!

You must make the right choices. Choose to be positive. Choose to set a schedule and stick with it, consistently. Choose to associate with the right people. Choose to do what you like in the business and hire people to take care of what you don’t like about the business. Choose to attend training, listing exchanges, mastermind groups and seminars. Choose to deliver excellent customer service. Choose to improve yourself and your skills.

Improvement comes in increments. Start small, everyday and before you know it you will notice a big difference in yourself and your business. Know what you want, when you want it and make the effort to do it. Be persistent in your endeavors whatever they may be. As Jim Valvano, the head coach of NC State said to his team that won the NCAA National championship in 1983 prior to beating the heavily favored University of Houston…“Don’t give up, don’t ever give up”.

In addition, you need passion. Passion for the business, your commitment, your choices, your attitude and your improvement is critical to your success. If you don’t “feel” it, others will notice. Take your passion, in all you do, to the next level and your success will follow. Vince Lombardi once said “Winning isn’t everything, but the will to win is”. Make it happen through your passion.

Grow your sphere of influence by developing new relationships through networking events, associations, charity events, youth events (sports, dance, horseback, etc). Build upon existing relationships through pop bys, office charity events, personal notes, check in calls, etc. to help build up your business base.

Discipline is the final piece to the puzzle. Have the discipline to write down what you want to accomplish, the discipline to write out an action plan to get you there, the discipline to follow a schedule, the discipline to make the right choices. Discipline is the price we pay for success.

If you instill these attributes into your lifestyle, you will be amazed at the opportunities you will be presented with in your business. As Henry Ford once said, people often miss opportunities because it is dressed in overalls and disguised as work.

Are you there yet? Do you have it in you? The fire has to burn within you. We have it and want you to have it too.

Wasted Opportunities?

There are times in our lives when we look back
and say to ourselves, “I should have”.

Today’s real estate market could be one of those times, if you delay and fail to seize the opportunities available to you. There are cycles in all markets – stocks, cars, and housing.

We are presented with a tremendous opportunity with interest rates at near
record lows, motivated sellers, prices at or near the bottom in many areas and a great selection of homes. According to NVAR CEO, Christine Todd, she believes the market may have bottomed out in December 2007. If you are a move up buyer, it is a great time to “shift” your equity. If you are a first time buyer, there are many programs available that offer 100% financing with terrific rates. If you are considering becoming an investor, rental rates are strong and the absorption rate on rentals is fantastic – there is only a 2.1 month supply available. We are faced with choices every day and today we believe it is a good time to choose real estate to add to your investment portfolio.

As of March 20th:
16,975: # of Active Resales currently on the market
5.6 Month Supply of Resale Houses

3,035: # of Active Rentals currently on the market
2.2 Month Supply of Rentals