Comments on: As a fellow Realtor I am disappointed that you post such negative news

By: Las Vegas Guy

Las Vegas Guy — Sun, 11 May 2008 23:16:46 +0000

Sorry to bump an old post, but I think honesty is the only way to go, especially with consumer confidence at such a low point. As a consumer, I appreciate someone being honest with me.

By: Costa Rica Real Estate Jack

Costa Rica Real Estate Jack — Wed, 31 Oct 2007 02:24:04 +0000

Crass remarks are inevitable! Let us just deal with it. But great response! Cool!

By: Mike Taylor

Mike Taylor — Mon, 29 Oct 2007 15:22:45 +0000

Great post! I too think it is he who is doing the Realtor community a disservice by ignoring or misstating the obvious facts. Also, I think it goes without saying that NAR is completely out of touch with reality, it members, and the general public. Its constant rosy claims only solidify its poor image and serve to discount any thing they have to say.

By: The Odysseus Medal competition — Voting for the People’s Choice Award is open | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Mon, 29 Oct 2007 04:44:10 +0000

[...] — Real estate weblogging, Waking from my blog reverieJay Thompson — Negative news, As a fellow Realtor I am disappointed that you post such negative newsKris Berg — Healing, HealingGary Elwood — Credibility, The Curious Secret to Getting [...]

By: monika

monika — Mon, 29 Oct 2007 01:34:31 +0000

As a REALTOR I do try and keep it positive but I’m a firm believer in keeping it real. Real estate is very local and my area has picked up but not by much. You keep telling it the way you see it Jay!

By: Joe Cuchiara

Joe Cuchiara — Sat, 27 Oct 2007 20:01:57 +0000

Jay,

It’s refreshing to hear a fellow realtor move away from the NAR (and realtors who neglected to stash something away for the lean times) mantra of “now is a great time to buy.” In certain markets it “may” be a “good” time to buy but most of my realtor buddies think the “great” time to buy is future in our market and likely for your market and many others as well.

Imagine a world where realtors actually counsel a buyer to wait to buy. That’s just not natural but sometimes it’s appropriate! Of course this is a foreign concept for the realtor who is commission focused as opposed to customer/client focused.

Now more than ever we as professional real estate brokers must trash the pap, speak the truth and give wise counsel and advice. It’s high time we come to the realization that it’s not about us or our commission goals but it’s about serving the public with honesty and integrity and their best interests at heart. They’re trusting us to do the right thing!

By: Tim Wallace My Arizona Home Team

Tim Wallace My Arizona Home Team — Sat, 27 Oct 2007 19:18:42 +0000

Wow, Jay, I can always count on you to shoot it straight. I love what Gary Keller says when agents ask him about the market. His reply is that “it just doesn’t matter; it’s the only one we’ve got!” So what it comes down to is just like you said. What are the circumstances that an individual seller or buyer find themselves in? If it makes sense in the total picture, then it is a great time for whatever one is trying to accomplish. I recently had a client that had been trying to sell for 6 mos to no avail. Long story short, we got the listing, priced it right, told the client the unfortune truth. And they came to the signing table with over $30K, were happier than a pig in slop and thrilled that someone told them the truth.

By: Gary Younger

Gary Younger — Fri, 26 Oct 2007 20:29:17 +0000

Great response. It’s the same the world over - we get the same ’spin’ here in New Zealand from some quarters. I’d rather tell, and hear, the facts and then make my decisions and I know the same goes for my clients.

By: Anonymous Isn’t Alone | Phoenix Real Estate and Homes for Sale - Dalton’s Arizona Homes Blog

Fri, 26 Oct 2007 16:47:34 +0000

[...] should be singing “Always Look on the Bright Side of Life” seems to be growing … check out this post on Jay Thompson’s blog following a comment from a fellow agent telling him he’s too [...]

By: Jayson

Jayson — Thu, 25 Oct 2007 22:16:10 +0000

Jay,

Great post and very true. Although I try and keep things positive as much as possible I do appreciate the truth. I believe the media has a small part in “keeping people on the fence” but there are definitely other factors at play. I also believe that for many people, it is a great time to buy - if not the best in the last several years. I would much rather buy when the prices are low and the selection is great than when the prices are high and the selection is non-existent. For those with bad credit and/or are looking to quickly flip a home it might be best to wait for another day but for home buyers with decent credit looking to purchase a family home - it truly is a great time to buy.

I personally think that less permits is good news, (not for many unfortunate construction workers) I’d be terrified if permits were at a 14 year high!!