Shoulder Pads and Big Hair...Was That All There Was?

By
Real Estate Broker/Owner with RE/MAX First

Just this week, when I was helping one of my agents with some neighborhood marketing, I reached in a battered paper file to find one of my old direct mail pieces in which I was prominently featured with a full body shot, attired in a short skirted business suit, complete with the requisite strong shouldered look, with a hairdo to match.  Oh, and I held a full size phone up to my ear, with the cord trailing into the margin of the page, no doubt  hard wired to my car, illustrating that I was in touch with technology, and always in touch with my clients.  I regularly mailed this little card out to a neighborhood that I farmed, with timely real estate market information and news specific to the neighbors' interests.

 My  vintage card inspired raised eyebrows and "reee-ally?" from the Y's and X's, and knowing looks and raucous laughter from the veterans in my office, who have the same pieces carefully tucked away as evidence of their creative marketing in the heady age of agent personal promotion. 

But for me, more importantly, the little card invoked memories of what it felt like to be a Realtor in Oklahoma City in the early 1990's.  Our state, along with Texas, Louisiana, and parts of Colorado, was recovering from the oil boom and bust cycle of the ‘80's.  In the mid 1980's we experienced the savings and loan crisis, multiple bank and mortgage company closures and real estate depreciation that reached the 30% range, accompanied by neighborhoods full of vacant and frequently boarded up houses, high interest rates, heavy job losses and bank closures. Properties were distressed, sellers were many, and buyers were few.   

 Currently we have a national real estate downturn after a boom market.  Just like the 80's oil boom and bust, the cause is extrinsic, in contrast to the natural process that occurs when people buy and sell homes because of real life circumstances.  

Media is full of statistics, conflicting opinions and speculation about the economy and the state of real estate.  But what is it like to be a real estate professional right now?  My reflection is - very much like it did twenty-some years ago.  Back then, a number of agents left the business, a few entered it and became successful.   When a Realtor was working with at least one qualified buyer, they were lucky and grateful.  Appraisals and financing were tough and getting a deal closed was a lot of work.  Many times the Realtor was the only one walking away from a closing with a check, and it didn't feel good.  Clients brought all the emotion of their predicaments to the transaction; for Realtors it was uncertain, frustrating and a little scary.   It took about 6 - 8 years for the market to trend upward and for new developments and construction to be started. 

Sound familiar? Well, the history lesson brings good news.  Great Realtors today, just like yesterday, are acting intrinsically to move the market forward and are bettering themselves because of it.  Acquiring knowledge in short sales and listing distressed properties and foreclosures, and going where the business is to be found will insure their survival.  Adapting to new lending and appraisal regulations and obtaining new professional designations in the areas of distressed property situations make agents more prepared to help their clients with complex situations.  Working hard to get a contract closed, even two and three times, builds confidence and perseverance.  Professionals are working together in a spirit of cooperation, not competition.   Above all, communication and compassion inspire clients to move forward with the goal of an improved future.

Every day I see the same signs of increased competence and professionalism in our industry that I saw emerge under the pressure of the last real estate downturn.  While wearing those power suits and doing vanity marketing, we were getting designations and improving our skills.

 I see that shoulder pads are really hip now.  And that is proof enough for me that what goes around comes around.    Here's our opportunity to keep raising our expectations of ourselves.  Let's make that a trend to keep. 

               

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Topic:
ActiveRain Community
Location:
Oklahoma
Groups:
ETHICS and the REALTOR
RE/MAX Active Rain Bloggers
Tags:
oklahoma city
foreclosure
short sale
distressed property
professionalism
professional designations

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Rainmaker
540,013
Wayne Johnson
San Antonio REALTOR, San Antonio Homes For Sale
Coldwell Banker D'Ann Harper REALTORS®

GiGi,

I lived in Houston during the '80s although I was not in real estate at that time. I had big hair too back then. It is nice to reflect on fashion trends of days gone by.

I'm trying to help the market along. Thanks for the refresher on history. I think my wife may still have a few of those shoulder padded jackets. She finds it tough to throw old things out. That may be why I'm still here too.

November 01, 2009 08:47 PM
Rainer
136,319
Terry Lynch
LAR Notary and Closing Services

I started in Real Estate in 1991 and I think I have managed to destroy all photos of myself from back then. I do have some pretty unique ties left over.

November 01, 2009 08:55 PM
Anonymous #3
Anonymous
Peter Fulmer

The part that I find refreshing about this lag in the market is that so many of the pretenders have exited the business, be that Realtors, appraisers, and mortgage lenders.  Part timers and know nothings can't make it, and it isn't worth their time, so many have crawled back from whence they came.  This leaves room for the true professionals to do their thing, and expand their share so that when the curve starts skyward again, they can benefit proportionally.  Personally, I can not say I have any experience with real estate in the 80's except what I did to help dad run his apartments, but I do know that the folks I meet on the street these days have a much better grasp on the business then many of those I encountered two or three years ago... and that benefits everyone.

November 01, 2009 09:46 PM
Rainmaker
206,854
Mary Strang
Real Estate

I recall those days as well, guess it is time for this to be rediscovered by the next generation. It is all about cycles in style as well as real estate.

November 02, 2009 07:41 AM
Rainer
4,345
GiGi Faulkner
CRB
RE/MAX First

Hi Wayne, Terry, and Mary,

Vintage style is good, especially in art, music, friends and wine.  Personally, I am now old enough to do vintage shopping in my own closet.  Gratifying to know that you were once the epitome of style, so keep those ties.....Your kids may also need them for the next retro party. 

 

Hi Peter,  I know it is a little Darwinian, but most cliches are cliches because they are express a truth. When you are committed to a profession or even a mission,  for the long term, you refine, reinvent and reemerge.  And start over every day......

November 03, 2009 08:14 PM
Rainmaker
477,813
Robert L. Brown
Grand Rapids Real Estate Bellabay Realty, West Michigan
www.mrbrownsellsgr.com

You have to "go with the flow". This world has evolved over so many years. There are people who evolved with it and there's the rest.

November 09, 2009 12:20 PM
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Rainer
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GiGi Faulkner

CRB
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