Active Drain ~ The Unpredictable Side of Real Estate

By
Real Estate Broker/Owner with MoonDancer Realty, Dillsboro,NC NC# 218097
 

The past couple of weeks have been ahem….frantic, frenetic, fraughtSlotted Spoon with stress and tension and frankly…a bit on an active draining side. (Get it? Sieve, slotted spoon?) The one thing it hasn’t been is boring, never boring.

The thing is, working in real estate is often predictably unpredictable. REALTORS are working harder than ever for many reasons. Here are a few reasons I think this is happening and I’d appreciate you all adding some of yours:

  • There’s fewer of us! Is there anyone out there who’s MLS membership has actually grown?
  • The standards and stakes are higher for everyone and every property to meet underwriters’ requirements.
  • We are at the mercy of years and years of repairing glossed over issues…road maintenance and shared well agreements, unrecorded handshake and sweetheart agreements, etc.
  • The freaking media over generalizing the real estate market, imho, because sound bites are easier than real research and specific reporting.
  • The absolute lack of control over the schedules and timelines of your team partners…lenders, title companies, closing attorneys and sometimes even your clients!

These blog posts have a life of their own. I started out wanting to compare working in real estate with juggling water or jello, herding cats or walking the plank blindfolded but each draft I started just sounded like whining. So, I’ve improved it by sounding like ranting. It’s a much more powerful position, lol.  Actually, that deserves an lol, a chuckle, a guffaw and a belly laugh!

Slotted Spoon

 

Of the deals we have in the works right now, a couple of them are just like that…keeping them together and making it all work for our clients while working twice as hard to not let any detail (many out of our control) drip through the openings of the slotted spoon holding them. Yeah, it’s been actively draining a little bit.

 

 

I can’t wait to see your additions to the list. And oh by the way...I feel better now!

 

 

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Show All Comments
Ambassador
585,051
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Oh Frank and Karen...no way are you alone!  We are all in this together.

Nina, that's a good addition to the list.

Wayne and Jean, thank you very much.

July 20, 2012 06:16 AM #30
Ambassador
671,401
Karen Crowson
Alain Pinel Realtors, Pleasanton, CA - Livermore, CA
Livermore Wine Country Homes
The sheer lack of inventory has made our market very tough for our buyer clients, with little to choose from, fierce competition and appraisal concerns when supply and demand push prices up. Also, the FAR out of area agents who work some of the short sales and REOs. I'm in Northern California and can't be convinced tat an agent in S. Cal can do a good job for a seller remotely. There are many things you can learn about a property from afar, but others that require up close and personal attention. A transaction where there is no interaction between the agents is a very unsatisfying one in my opinion.
July 20, 2012 06:33 AM #31
Rainmaker
574,688
Janis Borgueta
Key Properties of the Hudson Valley ~ 845-527-7115 - Newburgh, NY
LIC R.E Salesperson - Homes for Sale Newburgh NY

New realtors... old realtors.. and crazy clients.. bad press... unreasonable expectations... bank issues... mortgage issues.. owner issues, tenant issues... and the list goes on and on and on. Yesterday was a bad day for me.. and a deal fell apart as an appraisal did not come in where an owner wanted it to. Buyers really wanted the home and had the money to buy.. without the appraisal coming in ... but they walked.. NO value... Unique situation.. but only because of the times. 

yes.. some days it is good to rant.. it gets us through the day!

July 20, 2012 06:56 AM #32
Rainer
71,385
Jeff Hollister
Native Californian with 20 years serving OC Buyers & Sellers - San Clemente, CA
Real Estate Broker, Serving Orange County, CA

And who ever thought that sitting down and typing for 10-30+ minutes could help make you feel so much better? I've done just that for many years, but I have yet to post it on a public forum. Hmm...

July 20, 2012 06:58 AM #33
Rainmaker
308,451
John DL Arendsen
TAG Real Estate Sales & Investments & ON THE LEVEL GC - Leucadia, CA
Real Estate Bkr, Factory Built home Dealer/Devlpr

The biggest drain in the rain is RE! LOL!

July 20, 2012 07:26 AM #34
Rainmaker
494,453
Amanda S. Davidson
Living A Dream Real Estate - Alexandria, VA
Your Northern Virginia Realtor

Mona- Love your post! Juggling jello, I know I'm going to use that line in the future :) Sometimes one just has to vent. For me it's a love hate relationship with the chaos. No day is ever the same!

July 20, 2012 07:38 AM #35
Rainmaker
692,519
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Mona,

I am Back. Glad you are feeling better after writing a Featured post. Congratulations.

We are at the mercy of all of these people. They don't realize how demanding they can make things. And in many cases they don't care either. 

Yesterday I had so much to do. Too much in the pot for the sieved spoon to handle. I did have a featured post as well. I checked my e-mails and found I had a lot of comments. That was just the beginning.

You are my fist stop this morning. (I slept in late) that never happens. Any hew Congrats again my friend.

All my best, Clint McKie

July 20, 2012 07:41 AM #36
Rainmaker
653,983
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

I think part of my problem is that, not being so busy the past couple of years, I've gotten some bad habits.  I've got to cut out 'time sucks'.

 

July 20, 2012 07:44 AM #37
Ambassador
896,949
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9663

Hi Mona, I hope that doing the rant was as enjoyable for you to write and de-stress as it was for us to read.  Have a great day in the rain drain!  Bob

July 20, 2012 09:22 AM #38
Rainmaker
135,100
Dennis J. Zisa
Dennis J. Zisa & Associates, Inc. - Camden, NJ
25 years in So. Jersey and the Greater Camden area

Anyone who has been in this business for any length of time knows that everything old is new again!

July 20, 2012 09:24 AM #39
Rainer
19,547
Tina Beasley
Virginia Capital Realty - Richmond, VA

You are so right!  We are working much harder just to make less money until the market stablizes again.  I have been grateful for the recent surge in buying clients as opposed to last year, but just like my Grandma always said, there will always be people buying houses because where are they going to live?  The mortgage fiasco just had to settle down a bit and consumers needed some time to get their confidence back.  It is just harder work now, but really...that is normal.

July 20, 2012 09:56 AM #40
Rainmaker
629,704
Stephanie/Bob The Ruiz/Miller Team
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Mona, we agree.  This is a feast or famine business.  In our market number of Realtors is way down and business is picking up.  It is time to feast!

July 20, 2012 01:18 PM #41
Rainmaker
648,060
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Mona:

This is the best written rant I have read in weeks.  Real estate is ever changing, but I do think that having been in real estate through some of the up and downs makes future changes easier to deal with.  We know the market is cyclical and don't expect it (the market) to remain the same.  Change is what the market does.

July 20, 2012 04:27 PM #42
Ambassador
585,051
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Karen,  interaction is essential between agents and I hate when that doesn't happen.

Janis, now that's a list.  Sorry about your deal.

Jeff, the public forum lets everyone's personality shine through

John, glad you're amused  ; - D

Amanda, juggling jello might be the next timer.

Clint, congrats on your feature, I saw it in the daily blog roll.

July 20, 2012 07:45 PM #43
Rainer
192,134
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton

Dear Mona,

Very funny! Too bad it is so true.

July 20, 2012 08:27 PM #44
Ambassador
585,051
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Dorte, consistency is sometimes elusive with some deals.

July 21, 2012 04:04 AM #45
Rainmaker
1,239,369
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

The short sales are tough because there are more parties in the game.  The banks take there time then want you to rush. They play hard ball.

July 21, 2012 01:43 PM #46
Ambassador
585,051
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Amen, Brother Gene!  Working on a tiny little REO that has been more work than anything I've ever done!

July 21, 2012 04:09 PM #47
Rainmaker
198,404
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Specializing in Brookside, Waldo, Prairie Village

It's been crazy for me so far this year and just now slowing down..grateful for all the business and now, not feeling guilty about taking some time off.  Our customers do not realize we are usually handling several deals at one time, all in various stages, they thiink it's one deal at a time.  That's one reason it's crazy. Also, last minute requests from underwriters who don't even open the file until 2 days before closing...

Glad you vented here!

July 22, 2012 02:55 PM #48
Ambassador
585,051
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Mary, I'm glad you had the opportunity to vent too ;-D

July 22, 2012 04:47 PM #49
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Mona Gersky

GRI,IMSD-Taking the mystery out of real estate.
Ask me...we'll figure it out!
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