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Posted on 11/11/22 at 9:41 am to stout
quote:
Possibly which is why they aren't selling shite. Outside of selling to family and friends, being a Realtor part-time isn't going to get you very far.
exactly, I know a realtor that seems to still be doing well in this market but she is hustling and is plugged in with a lot of rich Houston circles.
It is not a business that you can rely on incoming leads after awhile. You have build a book of future buyers/sellers
This post was edited on 11/11/22 at 9:42 am
Posted on 11/11/22 at 9:42 am to Zarkinletch416
quote:
It's called a Real Estate Bubble Burst.
Yes, but the RE industry has always been this way. The top producers close almost all of the deals. Most realtors aren't even trying. There is a pyramid scheme element to it.
Posted on 11/11/22 at 9:43 am to Dire Wolf
Oh yeah realtors can BANK but it's one of those jobs you have to really grind (and not make much at first) to build a reputation and book.
Posted on 11/11/22 at 9:44 am to stout
The vast majority of agents wash out. Used to be like only 10% or so were very active within 2 years. Not sure the pct now, but most are not cut out for it. Some don't have the personality, some don't have the aptitude to work for themselves, and some are just lazy.
Posted on 11/11/22 at 9:48 am to stout
What he said..
Posted on 11/11/22 at 9:48 am to SlowFlowPro
quote:
schadenfreude
I just used this word on the Rant and I SWEAR it was before I saw this post. Going cross-check the post times now to see if anyone will believe me.
Posted on 11/11/22 at 9:52 am to dyslexiateechur
quote:
Oh god that’s my worst nightmare. We’re fixing to just rent, which I really really don’t want to do.
In May 2009 we rented to some friends at a loss for a couple of years. Then we listed again in 2011 and got nothing. Realtor said it was perfect for his MiL and asked if we would rent to him at the cost of our mortgage and he would take care of everything. Lost no more money just had to move money around. In October 2013 they asked to buy it. Made a little profit.
Next week Oil Shale in Permian Basin hit and my neighbors were selling their houses for $100k+ more than I sold mine for.
Hurt but was glad to be done with it.
This post was edited on 11/11/22 at 9:55 am
Posted on 11/11/22 at 10:05 am to 3nOut
When people finally realize that a 400,000 house they bought 5 year ago isn’t worth 600,000, houses will start selling again.
Posted on 11/11/22 at 10:12 am to stout
There are a lot of people with no discernible skills that can become realtors. The number is so overly inflated with people who are actually good at the job vs bored housewives and loser douchebags
Posted on 11/11/22 at 10:15 am to stout
1.59 million are worthless
Posted on 11/11/22 at 10:15 am to jbgleason
interested in renting? im gonna be needing a 18 month rental
Posted on 11/11/22 at 10:19 am to Zarkinletch416
quote:
Hyperinflation is a bitch.
Literally Venezuela and Zimbabwe
Posted on 11/11/22 at 10:19 am to djangochained
Hey
ETA: my house is in kenilworth
ETA: my house is in kenilworth
This post was edited on 11/11/22 at 10:21 am
Posted on 11/11/22 at 10:20 am to jbgleason
It’s overpriced. I’d sell a home between 2 graveyards if it’s priced right.
Posted on 11/11/22 at 10:23 am to jbgleason
quote:
I have a house in Southdowns that has been on the market for 18 months. Hasn't been shown since July.
Must be one greedy son of a bitch to not be able to sell your house 12 months ago during the hottest real estate market of all time.
Posted on 11/11/22 at 10:28 am to dyslexiateechur
quote:
We’re fixing to just rent, which I really really don’t want to do.
I sorta got forced into renting last year after selling my home due to life changes.
I’ve found that I actually love renting lol
Posted on 11/11/22 at 10:30 am to stout
I hate to paint with a broad brush but, I am not a fan of realtors in general so this news doesn't upset me too much.
Posted on 11/11/22 at 10:32 am to kciDAtaE
quote:
Half of them don’t really work anyway
I have coworkers that got licensed as a side hustle to do on their days off. The downturn is cutting into their vacation/frick around money, but they're still doing fine.
Posted on 11/11/22 at 10:41 am to JohnnyKilroy
quote:
Must be one greedy son of a bitch to not be able to sell your house 12 months ago during the hottest real estate market of all time.
My guess is it is the 4k sq ft house on Pickett for 700k that instead of dropping in price over the last year and a half it's gone up
Nice home, but at some point you have to come down on price.
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