Myrtle Beach Real Estate by Mirela

Realtors: What Have You Learnt in 2009 That You Can Use in 2010?

Realtors: What have you learnt in 2009 that you can use in 2010?


 

Whew!  What a year this has been!   Many of my friends’ Real Estate Firms have closed down this year.   There was a mass exodus of Agents and the ones that stayed, either complained or re-specialized. 

 

2009 will go down in history as the Year of the Short Sales and Foreclosures.  If you didn’t sell those, you didn’t sell much…  The only constant of 2009 was that there was no constant.  Everything changed from month to month, week to week, even day to day.  New legislation, new terms, new rules. 

 

What have you learnt in 2009 that you can use in 2010?  Please contribute to this blog, so we can all benefit!

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                            Join the Optimist Group!

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Comment balloon 9 commentsMirela Monte • December 20 2009 02:27AM

Comments

I've learnt that if it's going to happen, I've got to make it happen...

Creating a system and a team are the best ingredients for navigating the sea of short sales.

Staying on top of the market by constantly studying the latest findings, laws, issues is the only way to survive.

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) over 10 years ago

Mirela,

2009 has taught me the MOST that I've ever needed to know about myself.

Some great knowledge about what to do, what not to do.

2010 should be a very good, smart, low-stress year because of that.

Posted by Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407 (Maui Life Homes / Metro Life Homes) over 10 years ago

Wait, I have more:

Qualifying my sellers and buyers alike, but not just for the ability to buy or sell, but for their commitment to do so.

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) over 10 years ago

Ralph:  Thank you for that!  Can you give me some more specific answers, please? 

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) over 10 years ago

I have learned that one must react quickly and obtain wise counsel from experienced Realtors to make it happen

Posted by Harry F. D'Elia III, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (RentVest) over 10 years ago

Mirela, I could say it was a good year, but it wasn't! It's just my opinion of observation in the small part of the world I live and work in, and the people I listen to. I do however get a lot of personal satisfaction helping folks with their real estate issues. I mostly handle farm & ranch, and commercial/industrial properties. Not may people buying dirt in my area this year. Even the rural lenders were not making many new loans in the late spring into the summer. Land refinancing seemed to pick up in the fall. Most large industrial projects are on hold in our city. The city continues to spend, building streets and even a new fire station recently started. Electrical companies busy adding lots of street lights for the new streets! Even TxDOT appears to be mandated to add some highway entrance/exit ramp lighting. Commercial sales and leasing is slow, mostly downsizing, or defaulting on leases. One new big box retail building never moved into, sit vacant for a year, looking for a tenant after the intended user never moved in! Lots of vacant lease space available. Election to sale liquor was approved by the voters in our city, but shortlived real estate activity so far, and city seems to still be planning on how to regulate them. Residential seems to be holding reasonably steady, but lenders are picky, and really dragging on processing time, causing overshooting of closing dates on contracts. Highway right-of-way widening in 2010 may be the only thing to look forward to, in helping relocate businesses or select sites to build new facilities. It will take time, maybe into 2011, but the economy and real estate market will adjust itself, by itself, over time. It did in the late 80's into the early 90's. It's just a matter of which way it will continue to adjust, and how long! Most business owners tell me, they are not looking to make a profit, bidding jobs just to keep employees paid, and survive staying in business until the economy gets better.

Posted by David Jirasek, ALC, CCIM (Jirasek Realty) over 10 years ago

The biggest thing I learned was to take advantage of the new media opportunities.  Our business models must change with the time.  Low overhead, good response to questions and inquiries, that  is the ticket to the future.

Posted by Dale Terry over 10 years ago

continue doing what I am doing........but double time! *wink* I feel positive about 2010.

 

Donna LaConte, REALTOR, SRES/Adams, Cameron & Co., REALTORS

Posted by Anonymous over 10 years ago

2009 was good year to evaluate what works,what doesn't.  There was time for education and the implentation of new systems, learning that I do not like short sales and referred them out, that buyers think every house is available at foreclosure prices, and taking overpriced listings is a waste of everyone's time.   It was reality time and I think we will all be better off for it!

Posted by Dawn & Charlie Tetro, Real Service Real Results (PalmerHouse Properties & Associates) over 10 years ago

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