Are Good Real Estate Agents Hard To Find
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by: JoeMack
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Word Count: 519
Due to the outrageous number of bank owned properties today as an investor I have been going into new markets. The biggest problem is finding a new agent in that market that is experienced as mine was close to home.
When approaching a new market the first thing I like to do is call Realtor signs to test out a couple of agents and go from there. Usually this is a decent way to find an agent to start looking. Typically I would get a response in a few days a most, but now the time frame is just ridiculous. I think out of ten agents one responded within twenty-four hours.
A real estate broker friend of mine has a small office where she is the only agent. She has over fifty bank owned properties that she is listing. She had to hire three people just to manage all of them besides working sixteen hour days herself. The worst part is that she has barely sold anything.
My personal Realtor has her own little office in the downtown area where I live. She is the only agent in her office at the moment. Currently she has at least fifty bank owned properties the last time I checked. I know she is just plain swamped and she only has one secretary. I mean two people are dealing with that many properties is just crazy.
All of the real estate offices around me just keep on getting more listings from the banks every week. If they could at least sell a few here there that wouldn't be bad. If they are lucky they can sell a couple in a month at most.
In today's market real estate agents have their work cut out for them. The banks in some areas are moving their prices down. Those agents are lucky and will actually make money this year. The areas where the banks will not move their prices down will have to keep working harder and harder. I'm curious if they can last with more and more work piling up and barely selling anything. If they can make it there is money to be made having a large quantity of listings, but you have to still pay your bills a matter what.
The heard of real estate agents is starting to thin in many areas. The amount of work without getting anything in return is hard on anyone. It will bring to light all of the hard working and dedicated agents out there.
The day that the banks start moving their prices down real estate agents face's will be filled with smiles. Finally that huge inventory of homes they list will start moving and money will start flowing back into their pockets again.
I would not blame the realtors to much if you are trying to put offers in. They are stuck between you and the banks. Just keep on trying and if you are intent someone will give you the time of day. I am not trying to say all realtors do not call you back. I'm really just saying that they are very busy and have no time.
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