Wednesday, March 25, 2009

The Global Financial Crisis & Real Estate

Just about everything is now being blamed on the GFC! (And no for those of you who are Victorians, it isn't the Geelong Football Club - however I wonder if they could blame the GFC for their grand final loss to Hawthorn)

Every time I ask a real estate agent the question "how is the market" the response I consistently get is....It's tough out there! No one is buying or selling!; I hope it doesn't get worse because it is pretty tough at the moment!.

Potentially this is exactly the response they are giving to clients and investors.

Why would I choose to list my property with an agent who is unclear, unsure and perhaps even depressed. I am more likely to go to someone who can give me clear confident responses on exactly what the market is doing, why I should sell or buy now and what they bring to the table that others don't.

Misery loves company people! Principals/Business owners start working with your sales and property management teams to improve their scripts.

Yes the market has changed however what are you doing to imporve your skill sets to work this market. The market is what it is!

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