{"id":16276,"date":"2013-01-11T12:59:07","date_gmt":"2013-01-11T19:59:07","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=16276"},"modified":"2013-01-11T12:59:07","modified_gmt":"2013-01-11T19:59:07","slug":"there-is-no-real-estate-inventory-problem-in-oceanside-ca","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16276\/there-is-no-real-estate-inventory-problem-in-oceanside-ca\/","title":{"rendered":"There is no real estate inventory problem in Oceanside, CA"},"content":{"rendered":"

How often had you heard real estate agents complain about “the inventory problem” this past year?\u00a0 I used to think their complaints were farcical until these past 3-4 months.\u00a0 I have about a dozen pre-approved buyers out looking for homes.\u00a0 Interest rates are low and the foreclosures are getting snapped up as soon as they hit the market.\u00a0 Not one of those dozen has been able to get an accepted offer since Labor Day, 2012.<\/p>\n

Clearly, there must be an inventory problem.\u00a0<\/strong><\/p>\n

It’s time to change gears real estate agents.\u00a0 A few years back, I suggested that buyers would be controlling the market and the listings side of the business should be de-emphasized.\u00a0 All the properties being offered were short sales or foreclosures.\u00a0 Paperwork-intensive transactions didn’t sound so appealing to me and I recommended that agents focus all their efforts on finding buyers and getting them into contracts.\u00a0 Those who followed such advice didn’t get rich but earned a darned good living these past few years.<\/p>\n

I had breakfast this morning with Mr. Oceanside, Don Reedy<\/a>.\u00a0 We discussed the local market and “the inventory problem” when it hit me; there is no shortage of homes<\/strong>.\u00a0 In Oceanside alone, there are thousands of home owners, with equity, who can sell their properties to ready and willing home buyers.\u00a0 This offers the ambitious real estate agent a great opportunity.\u00a0 Too often, real estate agents (and loan originators) forget that we are paid to add value to transactions.\u00a0 If we’re simply acting as gatekeepers, we are no different from everyone else.\u00a0 We need to “create personal inventory”–find sellers for the buyers who want their homes.<\/p>\n

Here is my ten- step plan for real estate agents, for a great 2013…with PLENTY of “personal” inventory<\/strong>:<\/p>\n

    \n
  1. Attend your local caravan meeting each week.\u00a0 Pay close attention to the agents who speak during the “buyers’ needs” segment.
    \nCall a dozen local agents weekly who work with buyers.\u00a0 Find out where the inventory problem is.\u00a0 At this point, you will see a glaring opportunity in your town\/market area.\u00a0 If you know that those agents have 2-3 buyers, for a certain price range, in a certain     Read more<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    How often had you heard real estate agents complain about “the inventory problem” this past year?\u00a0 I used to think their complaints were farcical until these past 3-4 months.\u00a0 I have about a dozen pre-approved buyers out looking for homes.\u00a0 Interest rates are low and the foreclosures are getting snapped up as soon as they […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[212,2,379,26,6,5,494],"tags":[],"class_list":{"0":"post-16276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-flourishing","7":"category-general","8":"category-innovation","9":"category-lending","10":"category-marketing","11":"category-real-estate","12":"category-the-hustle","14":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5485,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5485\/how-the-new-president-is-going-to-prolong-the-housing-bust\/","url_meta":{"origin":16276,"position":0},"title":"How the new president is going to prolong the housing bust","author":"Greg Swann","date":"November 10, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0How the new president is going to prolong the housing bust I'm writing this before the election, so I don't know who will have won by the time you read this. But here's something I do know:\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16548,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16548\/real-estate-auctions-not-just-for-foreclosures-anymore\/","url_meta":{"origin":16276,"position":1},"title":"Real Estate Auctions: Not Just For Foreclosures Anymore","author":"Brian Brady","date":"October 2, 2017","format":false,"excerpt":"Two years ago, I started paying MLS, NAR, CA, and SDAR dues.\u00a0 Since my wife Debra was taking on more of the lending responsibilities, I spent the bulk of my time working with the real estate agents.\u00a0 Having MLS access allowed me to hold broker opens for my agents, hold\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3363,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3363\/dont-learn-all-the-wrong-lessons-about-creative-mortgages\/","url_meta":{"origin":16276,"position":2},"title":"Don’t learn all the wrong lessons about creative mortgages","author":"Greg Swann","date":"July 15, 2008","format":false,"excerpt":"This is my column for last week from the Arizona Republic (permanent link). \u00a0Don't learn all the wrong lessons about creative mortgages Arguably, the Phoenix real estate market is in a state of incipient recovery. Will there be more bad news? Certainly. There are still thousands of homes stuck in\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16579,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16579\/q-what-will-redfin-and-the-other-ibuyers-do-when-the-market-actually-gets-ugly-a-discover-real-estate\/","url_meta":{"origin":16276,"position":3},"title":"Q: What will #Redfin and the other #iBuyers do when the market actually gets ugly? A: Discover real estate.","author":"Greg Swann","date":"May 11, 2020","format":false,"excerpt":"'#Redfin Now, as the iBuying service is known, \u201cperformed better in a downturn than some had feared,\u201d CEO Glenn Kelman said.' Downturn? Hasn't started yet. I don't like being the bearer of bearish news, but the shit-hammer will be obvious, when it falls. Primus: Many, many jobs are not coming\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3038,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3038\/its-the-end-of-the-world-as-we-know-it-and-i-feel-fine\/","url_meta":{"origin":16276,"position":4},"title":"It’s The End Of The World As We Know It And I Feel Fine!","author":"Barry Cunningham","date":"April 30, 2008","format":false,"excerpt":"That's great, it starts with an earthquake, birds and snakes, an aeroplane and Lenny Bruce is not afraid. Eye of a hurricane, listen to yourself churn - world serves its own needs, dummy serve your own needs. 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