(See Transparency in real estate fees and More on transparency in Realtor fees ) Contrast those numbers with those of 2007 – – 103 had more than 10 sides (31% fewer than last year) – 287 had more than 5 sides (28% fewer than last year) – 448 had between one and four transactions ( I ran it twice ) – ~460 had none. And 2006 – – 152 Realtors had more than 10 sides – 333 have had more than 5 sides – 450 Realtors have had between one and four transactions this year. – ~ 415 had none.
That’s the question my wife asked me a couple of weeks ago when I came home from an appointment where I provided a market analysis and advice/guidance for a seller preparing to put his home on the market. … It is beyond the time to start expressing that value. (even the Charlottesville bubble bloggers agree ) Setting potential customers’ and clients’ expectations is a start, not the least through my new services page .
Last month , we had some great phone calls and questions, and although this time will be much shorter (thirty minutes in radio time flies by) I hope we’ll have an equally or more productive time. … Hint: Please feel free to subscribe to this blog by clicking here for RSS updates or here for email updates .
I’m not saying that we haven’t hit the bottom, but that calling it as such with so many unknowns and new variables in the equation would be the wrong thing to do right now, despite Lawrence Yun’s statement – ” Without Forecasts, we don’t look credible .” The Realtor update (1): 1st half 2005 : 115 had more than ten sides, 296 had more than five sides, 679 had at least one, with about five hundred or so not having a single transaction 1st half 2006 : 107 had more than ten sides, 285 had more than five sides, 740 had at least one, about four hundred fifty not having one. 1st half 2007 : 73 had more than ten sides, 232 had more than five, 687 had at least one, about four hundred with zero 1st half 2008 : 44 had more than ten sides, 169 had more than five, 619 had had least one, leaving about seven hundred with zero transactions so far this year. (out of 1201 sold residential properties) From the DP on Saturday : Many real estate agents may not manage to weather the moribund market before it solidly rebounds, Savage said.
I have long advocated against print advertising – in 2006 , 2007 , and this year (there are more stories here, but this is but a sampling) and my argument has been consistent – there is no method by which to track print advertising’s ROI. … Maybe I’m wrong about this experiment, but there is only one way to learn – and failing is a great way to learn. * The incorrect data displayed in this week’s issue aside, I think this could be a good venue.