Realtors Meeting With BP

By
Real Estate Agent with Century 21 Birchwood Realty, Inc.

Aren't we ever going to see and end to this situation.
 
A meeting was held in Fort Walton Beach, Fla. yesterday with Realtors expressing they're frustration over the effect of the oil spill on business.  From what I read on floridarealtors.org, even though BP stated they would pay for lost contracts due to the spill, none have been paid.  John Harrell, president of Bay County Associationof Realtors, said "he knows 50 people who have filed claims, and none of them have been paid".  BP's statement of the claims process was "it is a complicated process and there is no cookie-cutter answer".  I guess this means Realtors will not see a dime of reimbursement.

Several sales have been lost in our area offices alone.  Agents working with out of state customer are finding their customers having concerns about purchasing a home at this time, with the oil along the coast they are deciding to wait.  I can't imagine how many agents this is happening to, or, is going to happen to.  With the oil running freely for the next several days who knows the total impact this is going to have on our industry.  Even though we don't have any oil balls here, the customer's perception is we may in the future, and then what happens to their investment?

When you come down to it there isn't very much we can do about this situation. BP will find a way not to fulfill their obligations (like not paying the fisherman), and the Administration has clammed up; no help in that arena.

All we can do is keep trying.
I loved the part where Florida Realtors President Wendell Davis said to the BP representative "Plug the hole is what we want and need"

 

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                                  Contact

                                                                           Lois Davme with glassesies,ABR

        www.capecoralhomes.pro
            Cell: 239-357-5558                                                             
            Efax: 239-244-8975
    

     Century 21 Birchwood Reatly, Inc.
4040 Del Prado Blvd., Cape Coral, Fl.  33904
                      

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Wallace S. Gibson, CPM 07/13/2010 09:17 AM
Location:
Florida Lee County
Groups:
Realtors®
Posts to Localism
Politics And Real Estate
All Things Florida
Silent Majority
Tags:
florida real estate
housing market
oil spill
realtors
bp

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Rainer
24,211
German Panzica
Centerline Homes - Vero Beach, FL

I'm  sure if Realtorskeep filing claims a few will be paid but for the most part they are looking for ways not to pay anyone.  those TV commercials sure look like they care and will do anything they can to help out.  I taken action in my own part and have not filled up my tank in a BP station in several weeks.

Jul 11, 2010 10:12 AM #1
Ambassador
643,393
Doug Rogers
Bayou Properties Realty - Pineville, LA
Your Pineville Louisiana Agent

Odds are those of y'all on the commission side will be out of luck. After all, the real estate market was dead before the oil spill. At least that's what the media claims.

Jul 11, 2010 10:52 AM #2
Rainmaker
131,030
Shelley Rowton
Move To Realty - Austin, TX
ABR, RSPS - (512) 507-5779 MoveToRealty of Austin

I hate to say it, but I think the REALTORS are out of luck.  Deals fall through every day with no recourse - this is just another variable that we have to account for now.  Our source of income can be very volatile, often lost on whims with no basis in reality, and that's just the way it is.  I think BP has a way out here - it will be hard to prove that the lost commission wasn't for any of the 101 other reasons it could have vanished into thin air...

Jul 11, 2010 11:06 AM #3
Rainmaker
190,653
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

Unfortunately the BP stations are owned by individuals trying to make a living, and are going to be put out of business due to this situation.  It's really a shame, those owners are not to blame.

Your right Doug - If you listen to the media the real estate market was dead, but our little area was very busy.

Shelley I think that's exactly what is going to happen

Jul 11, 2010 12:31 PM #4
Ambassador
643,393
Doug Rogers
Bayou Properties Realty - Pineville, LA
Your Pineville Louisiana Agent

Forgot to add, best wishes!

Jul 11, 2010 10:36 PM #5
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720,672
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Dyersburg Tn Real Estate

Lois,

This is going to devastate the Realtors in the area that is for sure.

Jul 12, 2010 11:49 AM #6
Rainmaker
825,887
Nicholas Goglucci
South Florida Real Estate & Development, Inc. - Pompano Beach, FL
The Listing Whisperer

Congratulations this post is now featured in the Silent Majority Group of Active Rain.

Jul 12, 2010 12:23 PM #7
Rainmaker
190,653
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

Thanks Doug

Look at the bright side Mike - Investors can go into those areas that are really hurting and buy for the future; we all know this spill will be cleaned up eventually.  Nature has a way of revitalizing itself.

Thanks again Nick

Jul 12, 2010 04:06 PM #8
Rainmaker
1,089,501
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Thank you for posting this.  The real estate industry is often "forgotten" in the wake of disasters and I am glad Florida Realtors are being pro-active.

Jul 13, 2010 09:16 AM #9
Rainmaker
190,653
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

Wallace, all we can do is try.

I am sure Realtors will be at the bottom of barrel when, and it, BP pays out any of the claims

Jul 13, 2010 07:43 PM #10
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720,672
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Dyersburg Tn Real Estate

Lois,

You are right. The sun will shine again and probable much brighter than before.

Jul 14, 2010 10:32 AM #11
Rainmaker
190,653
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

Love the optimism Mike!

Jul 14, 2010 12:55 PM #12
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Rainmaker
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Lois Davies

Cape Coral & SW Florida
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