Welcome to shortsalepowerhour.com. We are joined by our elite guest Pete, who knows short sales. Filming from Mission Beach on one more dreary day, we are live on the street during rush hour. If you haven’t turned the episode off yet, let us talk regarding short sales and the short sale marketplace.
If you are one of those agents that believes that short sales will not appear in your region of the country, now is the point in time to alter your frame of mind. There are lots of people saying that short sales won’t be a large piece of your marketplace or that short sales won’t affect your real estate market. It is probably time for you to disregard what those people are saying.
Start tuning in to what is happening in our nation. We have been chatting for the last couple weeks about figures in the marketplace. Sales are going downward. Prices are going down. And Obviously short sales and REO sales are going up. It brought back some memories of conversations that Kevin and Fred had with some local real estate agents in the San Diego region. We informed them that we were in real estate and we dealt with short sales. They told us that short sales would never get to the coast.
Pete is one of the large real estate agents in the San Diego locale. This road sign used to state Pete knows PB, but now it says Pete Knows Short Sales. Even the people that just rode through on bikes and rang a bell realize that short sales are part of the market now. So, for those of you that keep saying that short sales are not a share of the market or for those of you that continue saying that short sales will just be around for a couple years, it is time to appreciate that short sales are here and they will be in the future. If Pete has shifted his business practices, maybe it’s time for you to mull over a shift in your business practices.
If you are thinking of getting into the short sale business, check out our Crush It Short Sale class in the Phoenix locale on Friday, August 13th.
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