{"id":80,"date":"2006-07-11T22:53:39","date_gmt":"2006-07-12T05:53:39","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=80"},"modified":"2006-07-11T22:53:39","modified_gmt":"2006-07-12T05:53:39","slug":"the-peaks-and-valleys-of-my-first-year-as-a-full-time-realtor","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/80\/the-peaks-and-valleys-of-my-first-year-as-a-full-time-realtor\/","title":{"rendered":"The peaks and valleys of my first year as a full-time Realtor…"},"content":{"rendered":"

Want to know when the real estate market will get back to normal? I have a crystal ball. Well, a really good spreadsheet analysis, anyway…<\/p>\n

I’ve been a real estate licensee for three years, but I’ve been a full-time Realtor for only a little over a year. This means that when I joined the National Association of Realtors and local affiliates, I entered the industry at the height of Metropolitan Phoenix’s market correction — or irrational exuberance, depending on your point of view. On average, houses were appreciating between 35% and 65% a year. Homes were selling within days, sometimes within hours, and neither Realtors nor appraisers could keep up with what price a house should sell at. So, Realtors were running comps, pricing above all the recent sales, above last week’s<\/i> sales, then waiting for the fax to churn out multiple offers to buy the house for even more than that!<\/i> Representing buyers, helping them get the homes they wanted for a price they could afford, was hard work. But representing sellers was “easy,” so that was the preferred side of the transaction. I walked into the business with a winner — a seller — a dear friend who was leaving the company we worked for at the same time I was. I left to become a Realtor and she left to move to Tucson.<\/p>\n

Because I was so new — and afraid of making any mistake that would result in Juanita getting less than she should — I asked Greg to take the listing so I could assist and learn. That was my last chance at my own listing during last year’s wild ride.<\/p>\n

Then, sometime during the winter, the market became stable. It was no longer a seller’s market. My buyers were able to buy the homes they wanted without having to outbid other would-be buyers. This was a great market. Then the whispers came and the news media shouted: We were headed toward a “bubble burst.” What a silly metaphor for our housing market, comparing it to the technology industry of the ’90s, when venture capital camouflaged foolish business plans Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Want to know when the real estate market will get back to normal? I have a crystal ball. Well, a really good spreadsheet analysis, anyway… I’ve been a real estate licensee for three years, but I’ve been a full-time Realtor for only a little over a year. This means that when I joined the National […]<\/p>\n","protected":false},"author":3,"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":[],"class_list":{"0":"post-80","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":413,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/413\/blogoff-post-36-ask-the-broker-why-do-people-hate-realtors\/","url_meta":{"origin":80,"position":0},"title":"Blogoff Post #36: Ask the Broker: Why do people hate Realtors . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"The question is Cathy's, and it really plagues her:Why do people hate Realtors?It's funny, truly, because almost nobody hates his own Realtor. Some people have real horror stories to tell, but most people don't. To the contrary, most people have very happy, funny, charming stories to tell about the Realtor\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1799,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1799\/does-the-real-estate-industry-need-realtors\/","url_meta":{"origin":80,"position":1},"title":"Does the Real Estate Industry Need Realtors?","author":"Cooksquared","date":"August 14, 2007","format":false,"excerpt":"Inspired by the glut of controversial posts appearing here lately, I thought I would add one more to the fire. In my recent browsing I stumbled upon a blog that asked a simple question, \"Do we need Realtors?\" That's all. That was the whole post. While the questioned seemed relatively\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":16976,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16976\/ask-the-broker-why-do-people-hate-realtors\/","url_meta":{"origin":80,"position":2},"title":"Ask the Broker: \u201cWhy do people hate Realtors?\u201d","author":"Greg Swann","date":"September 11, 2020","format":false,"excerpt":"The question is Cathleen\u2019s, and it really plagues her: \u201cWhy do people hate Realtors?\u201d It's funny, truly, because almost nobody hates his own Realtor. Some people have real horror stories to tell, but most people don't. To the contrary, most people have very happy, funny, charming stories to tell about\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/harmen-jelle-van-mourik-0yfWDwHOB0g-unsplash-1-480x319.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1676,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1676\/in-down-markets-realtors-on-both-sides-of-the-transaction-need-to-step-up-for-their-clients\/","url_meta":{"origin":80,"position":3},"title":"In Down Markets Realtors on Both Sides of the Transaction Need to Step Up for Their Clients","author":"Cooksquared","date":"July 19, 2007","format":false,"excerpt":"As the real estate market begins its tailspin, home buyers and sellers alike need to figure out how to play the real estate game. The time has passed for simply taking the lowest cost provider of real estate services. Realtors on both sides of the transaction must now prove their\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":425,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/425\/blogoff-post-48-realtors-keep-process-free-of-personal-issues\/","url_meta":{"origin":80,"position":4},"title":"Blogoff Post #48: Realtors keep process free of personal issues . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is from my Arizona Republic column:I may write more in the future about the benefits of working with a Realtor, but this is the one that is most important to me: Realtors keep personal issues out of the transaction. A real-estate transaction is financial, not personal. I like to\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2968,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2968\/its-1000am-do-you-know-where-your-realtor-is\/","url_meta":{"origin":80,"position":5},"title":"It’s 10:00AM; Do You Know Where Your Realtor Is?","author":"Barry Cunningham","date":"April 14, 2008","format":false,"excerpt":"Do you know that the Realtor who you have your house listed with is actually still earning their living as a Realtor? That was the concern recently voiced and posed to us by a concerned agent in Poinciana, Florida. \"In Central Florida, for example, over 50% of real estate agents\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"Real Estate News } Real Estate Radio USA","src":"https:\/\/i0.wp.com\/www.realestateradiousa.com\/blog\/wp-content\/uploads\/2008\/04\/missing.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/80","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=80"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/80\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=80"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=80"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=80"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}