Let The Market Decide

By
Real Estate Agent with Douglas Elliman Real Estate 516-457-7103

 I have no predisposition to hate Zillow or Redfin or any of the parade of modalities (interlopers some have called them) that have made an attempt over the years to climb onto the gilded pony called real estate.  A lesson learned early in my career has taught me that there is room for all of us.  Because someone chooses to espouse a way of doing business antithetical to our own doesn't mean it's bad, or wrong.

In my first two offices there was a real fear when the broker hired anyone new to join the team.  The theory was there's not enough business to go around, bringing another body in will further dilute it.  So the poor soul who came on board had to fight an uphill battle just to be accepted.  Then when I joined Prudential, I was one of about 35 agents in an office that was always growing.  The other side of the coin as I came to appreciate was that we had an impressive impact on our market.  There was strength in numbers.  We were a force to be reckoned with.  Because there were more of us, we had more inventory and increased opportunities to sell.

 With all those, especially the well funded, who enter the real estate arena, time and the market they play to will determine their worth and they'll either become part of the fabric of our business or die a natural death.  We lose so much when we operate from a position of fear.  It seems to be the natural instinct of our profession.

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Geri Sonkin - Long Island Real Estate Expert - Stager/Decorator  516 425-6098

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Tags:
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redfin
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Rainmaker
449,103
Geri Sonkin
Long Island Real Estate & Staging Expert
Douglas Elliman Real Estate 516-457-7103

Gena,

Ever since I've been in this business there have been threats or perceived threats to our industry.  We can't make them go away.  Every time one does another appears to take its place.  As for too many agents, considering a small percentage are responsible for the preponderance of the business (I've heard various statistics so I'll leave that to others) the rest have to make decisions over time about whether to continue, especially those trying it on a part time basis. 

September 20, 2006 10:10 PM
Ambassador
322,795
Karen Hurst
Rhode Island Waterfront!
STONEHURSTREALTY.COM
I think that the Real Estate Profession is no different than any other profession when it comes to competition. Life itself is competition. When you use your inner core to compete, you will always win, no matter what you are competing in, because winning is not the object, doing what you love and doing it well is. The latest market will weed out the passionate from the ones who had nothing better to do and thought they would try Real Estate. You need to love it to succeed.
September 20, 2006 10:12 PM
Rainer
35,722
Sara Lipnitz
SKBK Sotheby's International Realty

Geri,

First, thank you for your recent kind words... you know what I'm talking about!

Next, GREAT post.  I couldn't agree more.  Competition makes me work harder.  I LOVE IT!  The rest, as you said, die a slow death.

September 20, 2006 10:52 PM
Rainer
96,277
Karen Villa Schweinfurth
ABR, CRS, SRES, CyberStar
RE/MAX Northwest Realtors, Inc. 425-308-3669
Geri, it's just like the agents that enter the business thinking they can make a quick buck. This too shall pass. I agree with you that it is frustrating they are interfering with our process but they will NOT overcome!
September 20, 2006 10:53 PM
Rainer
2,435
Erin Kalsto
RE/MAX Affiliates

The market will decide whether we let it or not. We just need to be sure not to push it in the wrong direction.

September 21, 2006 05:49 PM
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Rainmaker
449,103

Geri Sonkin

Long Island Real Estate & Staging Expert
Need a staging, or real estate help, contact me now!
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