{"id":6516,"date":"2009-01-12T17:43:56","date_gmt":"2009-01-13T00:43:56","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=6516"},"modified":"2010-04-01T20:47:06","modified_gmt":"2010-04-02T03:47:06","slug":"please-no-more-listings-i-cant-afford-them","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6516\/please-no-more-listings-i-cant-afford-them\/","title":{"rendered":"Please No More Listings! I Can’t Afford Them!"},"content":{"rendered":"

We’re in a slow real estate market, I get that.\u00a0 The peak where I practice was 2005 when any Tom, Dick, or Jane could list and some dorky agent in the MLS would sell it.\u00a0 The rule was “List as many homes as you can, cold call, advertise, mail, whatever, but list and it will sell.”\u00a0 Badda bing, badda bang!<\/p>\n

But let’s admit it, this market has dramatically changed how we play the game.\u00a0 We had about a dozen total closed transactions in my entire county last month, so there is almost no volume to speak of, and certainly not enough volume to keep 327 agents alive.\u00a0 Okay, 70% of those agents are practically dead, but that still leaves 98 agents clawing each other over the scraps.<\/p>\n

Here’s the dilemma as I see it.\u00a0 Clients tend to be high maintenance these days.\u00a0 They are frustrated.\u00a0 They want to know what’s going on, why their neighbor sold their house in 10 minutes at full price, and explanations for 100 other mythological rumors.\u00a0 Listing maintenance is extremely time consuming, more so now than in many years.\u00a0 I applaud Chris’ 1.0 argument for going back to basics, and Jeff’s diplomatic affirmation, but my argument is that lots of listings may actually be a great way to go broke right now.<\/p>\n

Okay, I admit I don’t have Jeff Brown’s IQ, Chris Johnson’s stamina, or Greg Swann’s common sense, but I am a genuine bald buy who spent some time in Arizona, and so I feel some affinity with these guys.\u00a0 Let’s just see how sharp these guys are.\u00a0 Yes, I’m looking for wisdom, and I’m dumb enough to admit that.\u00a0 But I think this is an issue that Realtors around the country are grappling with, and the answer has major implications for our clients.<\/p>\n

Here we go:\u00a0 When it would take about 100 listings here (and many other places around the U.S.) to sell one house every other month, at least statistically, and when an agent cannot manage more than about 20 listings with such high maintenance clients right now, it seems to me an agent can easily go Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What should agents be doing right now: chasing buyers or sellers?<\/p>\n","protected":false},"author":48,"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":[5],"tags":[468],"class_list":{"0":"post-6516","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","7":"tag-sequim-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6781,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6781\/saint-badda-bing\/","url_meta":{"origin":6516,"position":0},"title":"Saint Badda Bing","author":"Geno Petro","date":"February 2, 2009","format":false,"excerpt":"I know someone who knows a guy who might know of a 'pocket listing'\u00a0 back in the old neighborhood. That's how everybody refers to a certain kind of good fellow in one particular 'Near West' Chicago block of stoop and brick row homes---guys. They call them guys. Guys from the\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14311,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14311\/successful-real-estate-blogging\/","url_meta":{"origin":6516,"position":1},"title":"Successful Real Estate Blogging","author":"Jeff Brown","date":"March 11, 2011","format":false,"excerpt":"Let's begin with a basic truth. I have nothing whatsoever to add to any blogging conversation veering into technology. I don't get it, don't understand it. Did I say I don't understand the technology of blogging? Hell, I don't even understand much of the basic nomenclature. Most of us learned\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10407,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10407\/for-the-cosmic-record\/","url_meta":{"origin":6516,"position":2},"title":"For the Cosmic Record","author":"Geno Petro","date":"November 25, 2009","format":false,"excerpt":"When presented with an ultimatum my first inclination has always been to go for the 'or else'\u00a0 end of the proposition--- a defiant tendency that was pointed out\u00a0 to me by more than a few black-hooded figures in charge of my early catechism. This probably explains\u00a0 the abnormally high pain\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1426,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1426\/talk-to-the-clown-would-you-like-fries-with-that\/","url_meta":{"origin":6516,"position":3},"title":"Talk to the Clown – Would You Like Fries With That?","author":"Kris Berg","date":"May 14, 2007","format":false,"excerpt":"I am here today to present to you my proposal for a new business venture. The Internet is a veritable candy store of wealth-creating opportunity, and it is our turn to capitalize. On-line shopping is BIG, I tell you, and it is time we got our piece of the pie.\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":4778,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4778\/zillowcom-creates-a-directory-of-real-estate-agents-who-cant-sell\/","url_meta":{"origin":6516,"position":4},"title":"Zillow.com creates a directory of real estate agents who can’t sell","author":"Greg Swann","date":"October 1, 2008","format":false,"excerpt":"Okay here's the good news: You have another opportunity to garner a do-follow link from Zillow.com. And here's the bad news: For that link to do you any good, your best bet is to be a really bad listing agent. The more listings you can accumulate on Zillow.com -- which\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18324,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18324\/buyer-agency-project-buyer-agents-offer-no-value-today\/","url_meta":{"origin":6516,"position":5},"title":"Buyer Agency Project: Buyer agents offer no value today.","author":"Brian Brady","date":"July 17, 2021","format":false,"excerpt":"\"I just showed three houses this week, out in L******, and all of them had 2% co-brokerage fees.\u00a0 Learn to sell, listing agents\" I read this post (paraphrased), from a former car salesman with a Florida real estate license, in a Facebook group the other day.\u00a0 The irony of it\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/6516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=6516"}],"version-history":[{"count":4,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/6516\/revisions"}],"predecessor-version":[{"id":11706,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/6516\/revisions\/11706"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=6516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=6516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=6516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}