After all, the numbers tell us that the situation is not improving. There is no logical explanation as to why the phone is ringing off the hook and that we are covered up with customers?
How is it that when I try to refer a potential buyer out to another agent, the agent is too bust to take the referral? After all, the numbers say that the real estate market is still in decline.
Is our local frenetic situation anecdotal? Or is it possible that some sort of fuzzy logic is being applied. Fuzzy logic, or analog logic, does not depend on hard and fast yes and no's when it comes to decision making.
Rather, it's an overall result that may be somewhat different than a series of binary flip-flops, yes or no's, or one and zeroes. It's more of a "big picture" kind of result.
And so, I am saying that the boom is our local market is due to the application of fuzzy logic by all that are involved in the business of buying and selling real estate. They are not affected by the gloom and doom statistics offered by the mainstream media.
That's my story and I'm sticking to it!
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Hi Richard:
I've stayed consistently busy throughout...
Since January, it's been crazy busy.
I'm with you....Is the market really still declining?
We are definitely not messing around with referrals who are not or refuse to get qualified. It has been insane and I know what you mean about people being too busy to take on more business.
From what I hear from other buyers, agents won't mess with them without their PQ or Proof. That is a good thing - we are all acting like true professionals.
Toula...
This is what I'm saying ... forget what they tell you and make decisions based on value! Thanks, as always, for the comment.
Renee...
We are in the trenches every day, so we see the reality that won't be reflected in statistics for a few months. Our buyers are getting good deals.
And money seems to be more available. We are able to get most buyers pre-qualified now, compared to the last quarter of 2008 when it was nearly impossible! THX
They just can't keep up with you Richard. Don't worry they will catch on soon enough and we will be miles ahead.
Richard,
I think that one of the major problems is all of the statistics is they, whoever they are, are taking national stats and trying to applying them to the who country. You and I both know that does not work due to all real estate being local. Now if the local media would get their facts from those in the know I am not so sure that we would be having the problems that we are.
And as you said, "That's My Story and I'm Stickin' To It".
Fuzzy logic or not, momma needs a new pair of shoes! I am glad things are going well for you. If I am not mistaken it is even better than last year at this time.
If someone sent me a referral I'd definitely take it!!
I am showing today at 10am, these are buyers from out of town. I showed yesterday, buyers from out of town, I'm showing tomorrow, a buyer from out of town. These are not shoppers, these are folks ready to go if they see something they like. There is nothing fuzzy about their focus, you gotta love it!
Paddy...
I really hope that we are positioning ourselves right now! Looks like we're going to go up from here! THX
Don...
And I rarely hear about "standing inventory" which is declining in our local market. The foreclosures are being gobbled up as fast as they hit the market! Thanks.
Mel...
We are actually connecting on some contracts and that's a good thing! Thank you very much.
Not here. Not yet.
Sales are down from 476 in April 2008 to 398 for April 2009.
I'm in such a large area, it goes county by county and then often north/sough/east/west county.
But, we're still not "vigorous".
Our phones are ringing and people are buying. There are problems with lending delays but money is available. Buyers are very cautious but the inventory has never before been so strong in their favor. What seems to keep the market in check is the jobs situation, and it will stay like this for awhile.
WE are seeing the activicty increasing, but ink on the paper is still only here and there.
We've got delicing inventories, and the pace is frantic, but I can't help but feel like I'm waving at the crowd as a steaming locomotive comes rumbling up behind me, fueled by unreleased bank foreclosures.
That is the big picture and the main thing to keep in mind, the real estate market is local. I think we they register the second quarter numbers they are going to see a big increase in home sales, because I know, at least in my area, we have many pending sales awaiting to close right now. And I believe with first time buyers having to take advantage of the tax credit before Dec. 1, that the 3rd quarter will be even better than the second.
Richard: There really seems no explanation for how busy we've been, IF we were to listen to the media. I like this fuzzy logic.
I don't care what type of logic it is, I'll take it. As long as there are people out and about looking and buying, then it's a good thing.
Chad...
OK, I'll put the word out ... Chad works in the Greater New Orleans area, and welcomes referrals!
F&J...
You gotta love it ... despite what the naysayers think, there is plenty of business out there!
Lenn...
It started in late March for us, April was a boom month and it is continuing through May! Our homes are lower priced and average income is lower so the $8,000 tax credit is much more of an incentive here!
Sales are still not back to normal but a lot better than they have been.
At my age, most everything is fuzzy. So I guess, YES would have to apply!
We are busy with buyers coming out for "the buying season" and the inventory is shrinking dramatically.
Richard - at first I thought this was going to be something about teddy bears, but, you fooled me. I am not so sure whether it is fuzzy logic or or just fuzzy thought processes. But, capitalize on it while it is happenning!
Richard, dandelion? Nice shot, part of your study in blue I would say.
I am busy, and it feels good. I was at our local association board meeting today, heard some comments about it being slow, so I don't understand. I am not looking a gift horse in the mouth, and not going to pay attention to statistics that I can't change and will only make me crazy.
I've gotten very busy too and I am grateful for it. We are hearing that the local housing market is rising again here. I refuse to listen to any more bad news.
Ed...
Yes, the overall outlook for the economy is a concern, but you either pay rent, or you can own a home and in our area you can purchase a home with monthly payments lower than rent for a similar property, and put cash in your pocket at the same time. That's a no-brainer for a lot of our buyers! THX.
Bill...
It should start really going right ...NIW! Thanks, my friend.
Sally...
We can't stop them, we can only sell them! Thanks for jumping in.
Richard,
You have taken my husband's line.."that's my story and I'm sticking to it"! I've been swamped and can barely keep up with getting homes on the market and guess what "they are selling"! Priced and staged right they are selling!