How Has the Cost Of Doing Business Impacted You?

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Real Estate Services with Crescent Moon Realty, Inc. & Land N Sea Auctions.

It seems that no matter where you look the price of essential items that we all use are going up and I know that it is impacting our business bottom lines. At a recent brokers meeting we discussed the reality of what each agent is facing. Here are some of the observations.

•1.    Agents are cutting back on advertising.

•2.    Some agents no longer belong to as many networking groups.

•3.    Less and less are getting designations.

•4.    Some are sharing MLS fee's.

•5.    Agents are not escorting buyers to show properties as quickly as they at one time did.

•6.    More teams are being formed to share expenses.

•7.    Desk rents and splits are changing.

•8.    Agents are being more proactive in getting price reductions in their listing.

 

How has this market changed some of the strategies that you are using in doing business?

 

 

 

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Being a real estate broker takes on the form of leadership. The agent/broker role is to lead the client through the home purchase or sales process and serving them with the highest customer service standards. Crescent Moon Realty, Inc & Land N Sea Auction goal is to help the client achieve as many of their goals as possible - so that both parties feel that they are in a win-win.

Find out the benefits to selling or buying a home traditionally or non traditionally ---Contact us @ 1-760-650-2157 Or visit our websites @ www.LandNSeaAuctions.com or CrescentMoonRealty.biz.

Lorraine or Loretta

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Groups:
Realtors®
Real Estate Auctioneers
Mike Ferry
Tags:
market change
proactive
escorting
bottom line
expenses

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Ambassador
1,036,061
Jim Crawford
Jim Crawford Atlanta Realtor - Atlanta Real Estate
RE/MAX Paramount Properties

My business is unimpacted by the current market. Since over 85% of our listings are sold on the Internet, my costs are as low as they can get.  What is more important, it is effective.

June 01, 2008 04:04 PM
Rainer
62,353
Bart Whitmore
Real Estate Agent
Keller Williams- Louisville

I think it is kind of a double edge sword cutting back when maybe they should go the other way.

June 01, 2008 04:07 PM
Rainer
285,731
Diane Aurit
Lake Norman Real Estate
LKN Realty, LLC

Interesting list.  I have observed that the normally very busy agents are now taking phone shifts and doing open houses.

June 03, 2008 11:35 AM
Rainmaker
486,913
Lorraine or Loretta Kratz
Certified Negotiation Consultants
Crescent Moon Realty, Inc. & Land N Sea Auctions.

Diane:

What a great observation ---- I have seen many top producers also cut back on the numbers of buyers agents also.

Bart:

It seems that it can be a double edge sword some feel it time to run lean, others are putting every thing they can into their profession.

Jim:

Glad to hear that your selling rate on the Internet is so awesome.

June 03, 2008 05:59 PM
Anonymous
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Rainmaker
486,913

Lorraine or Loretta Kratz

Certified Negotiation Consultants
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