Eric Rothenberger's Blog


Thursday, February 9th, 2012

Hold on to your E-Key this is clear cut!!

Possibly it is just me, more likely it is just me on an entire pot of coffee; but what on earth is going on in the real estate marketing realm? Is every single agent really THE absolute best? When I played football in my early 20's I tried very hard to be the best! Unlike real estate, at the end of sports season the best actually get a ribbon, a trophy, press conferences, talks shows etc..... Truth be told, I didn't get a ribbon, no trophy was presented, and there was simply no need to have a press conference. I wasn't the best. I wasn't even in the same time frame as the best. There is a new phenomenon in the real estate industry that I find a bit odd. Perusing magazines, local papers, websites, fliers, and even name tags I see that each and every single Realtor is, in fact, the best. Maybe they should meet my football coach. He had no problem explaining to us that in order to be best, you had to beat the best and until that momentous occasion, you were just another football player. Sound harsh? I think it is honest and I appreciate someone telling me that it was something to work towards, not just a word that looks good on paper. If you want to win, run faster, play harder. If you want to be the best, work harder. It isn't just a word or a tagline. To add to my confusion, this odd new approach to marketing seems self indulgent at best. If you are marketing a home, shouldn't the home be mentioned? Shouldn't the strengths of the property, the area, and the lifestyle be somewhere in the advertising? Instead I see flashing photos of shiny happy Realtors exclaiming their transcendence to perfection! What on earth? Our jobs are personal, they do require some amount of self promotion, but to be so self promoting as to forget the point of showcasing a property, a project, or a cause? Again, maybe it is the coffee. If you are searching for a Realtor, weed through the clutter, rule out the ridiculous, and go with the one who understands their job is to market your property, not their seemingly true accolades. Finding a good Realtor is not difficult at all. Some of the most professional, most skilled, most knowledgeable Realtors are ready to take your call, and help you reach your goal. Tips on weeding through the ridiculous:

1. Does the agent's marketing, revolve solely around the agent?

2. Will they market your home, or themselves?

3. If they are the best, have them show facts! Where do they rank in their local MLS?

4. Ask for RECENT phone numbers/contact information. If they can't give you three sellers, or three buyers; give them a goodbye.

5. Ask for an example of their marketing plan? How will it get your home sold? Our industry is full of amazing, wonderful, and professional Realtors who work so hard everyday to fine tune their marketing, streamline their efforts, and produce real results. Make sure your Realtor is result driven, not recognition driven. Ask for facts, weed through the rubbish, and work with someone who will focus on you! After all the best agent is the one who just sold your home!

 



Posted by: Eric Rothenberger at 8:31am  

 
Friday, December 16th, 2011

NOW IS THE BEST TIME TO BUY

Why now will be your last best shot to buy!

Just about every day people ask me: “So how long is this down real estate market going to last? Where’s the recovery?”

 
They’re surprised when I tell them that in some markets, the recovery is already under way. Consumer attitude often lags behind local market data.
 
You see, there were lots of market indicators as far back as 2005 that the bust was on its way. Despite the fact that inventory on the market was increasing, prices floated up well into 2007. But there came a point when the “market data came home to roost.”
 
And when it did, well... no need to rehash bad news.
 
In some markets (especially those where buyers have recognized the incredible values and low interest rates) we see several indicators which suggest rebounding market health: Shrinking inventory, multiple offers, and fewer days on market. This is especially true if you look at non-distressed properties.
 
If those indicators are in play, you’re not in a buyer’s market any more. It’s becoming a seller’s market.
 
Obviously, tight-fisted lenders and buyers facing shaky job prospects exert their influence on the market. People are wary, and that psychological uncertainty is a part of the pervading sense that “things are bad.” But if you have access to capital and stable income, now is no time to be holding back. We’re unlikely to see these buying conditions again for a long time.
 
Oh, and by the way: Don’t forget the relatively low amount of new construction during this time paired with the pending population boom in the U.S. over the next 40 years.
 
Now is definitely the time to buy before the market moves up.
 

Is the recovery already underway in your neighborhood or neighborhoods you’re considering? Contact me to find out!




Posted by: Eric Rothenberger at 9:42am  


Eric Rothenberger
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