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How Do You Deal With Changing Markets...?

It is hard for any agent or real estate brokerage adjusting to the changing real estate markets.  We all must adjust a business plan if markets rise, so too we must make adjustments when the market slows. I am sure there are some high flying markets, there is always a segment of the market charging ahead when others lay flat or fizzle instead of sizzle as in just a short while ago.  Tightening credit and loan requirements have sucked huge pools of would be buyers out of the market.  With the speculators, investors, and buyers on the sidelines in many markets how have you changed the way you do business?  Have you set a new focus, reined in the spending, increased your marketing dollars, gotten more selective on the listings you take or the condition they are in?  How are you filling your time?  Are you planning new avenues to market?  Please share I'd love to hear all!

 

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James Crawford ABR, Broker Associate

RE/MAX Paramount Properties

1605 Mansell Road Suite 106

Alpharetta GA, 30009

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Comment balloon 23 commentsJim Crawford • April 26 2007 10:28PM
How Do You Deal With Changing Markets…?
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It is hard for any agent or real estate brokerage adjusting to the changing real estate markets. We all must adjust a business plan if markets rise, so too we must make adjustments when the market slows. I am sure there are some high flying markets… more
IDX - I Only want to speak to the listing agent!
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Since our real estate business model is mostly Internet, we receive loads of calls from buyers that have loads of questions, but do not want an agent. They only want to work with the listing agents. Their thoughts are they are going to get the… more
I'm Hungry How About Lunch?
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Over the years in real estate you learn a lot! In fact there is a lot to be learned by our mistakes. You learn what to do, and what not to do. Sometimes we take a gamble on showing relocation prospects, Perhaps there is a 50/50 chance they may… more
My Agent is Busy Can You Show Me Some Homes?
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The phrase "My Agent is Busy Can You Show Me Some Homes? " is becoming more and more common since we started using IDX. Instant access to view a sampling of homes for sale on-line has brought out the home buyers, and the tire kickers… more
Why listings expire! I Should have Known Why it Didn’t Sell!
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Sometimes sellers look at you when you ask them if they have any idea why their home didn’t sell? They answer “NO, not really! ” The other agent just wasn’t aggressive enough! They didn’t do enough open homes or advertise everyday! So why do… more
PUT SOME COLOR IN YOUR MESSAGE!
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Sometimes our messages never stand out because they all look the same! We do things so routinely that we forget to spice it up a bit! With html we could embellish or emphasize! Bold type or Italicize! and so much more! Html is a fun thing to learn,… more
Lake Lanier Homes for Sale! Atlanta Lake Lanier Lake Homes for Sale.
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Lake Lanier - Lake Lanier Real Estate and Homes Search It's that time of year again when everyone wants to come out of hibernation and start thinking of warm weather activities. What comes to mind first? Lake Lanier Lake homes of course! … more
Atlanta New Homes for Sale - Atlanta New Home Specialists!
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Atlanta new homes Atlanta is a great destination city if you are looking for new homes There is so much raw land in the Atlanta area unlike older cities like New York, Boston and Chicago that it very easy to find Atlanta new homes for sale in… more
Vendor Lists: Do You Know the Name of a Good…?
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Vendors in real estate are a pet peeve of mine. No Word document is updated more frequently than our vendor list! More often than not, vendors can be the Unnecessary evil in our lives of Realtors! Painters, loan officers, handymen, electricians,… more
18 Year Boom Bust Cycles in Real Estate.
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I recently read an economist view on the current events in real estate. He charted all the way back into American history and came up with an interesting result! Real estate is a cycle of booms and busts, and the cycle is 18 years. There are many… more