SW Missouri Real Estate News

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Is the Sky Falling Or Is This A Golden Opportunity?

With all the gloom and doom in the news lately about real estate, it begs the question- Is the sky really falling?  Hardly. The economy will always have boom and bust cycles but people will always need homes to live in and will continue to buy houses. They just can't expect them to appreciate in value 30% per year.

The Sky is Falling!

Storm I think a big part of the problem is the media sensationalizing how bad it is. Yes if you are in Florida, Nevada, or California things are really tough. But if you're here in the Ozarks,   things really aren't that bad. We don't see the huge up and down swings like some parts of the country. 

I admit it is a challenging market but it will also weed out the part-timers and agents who didn't have any business being out there in the first place. What we as professionals need to do is continue to stick to basics but also keep on top of new trends in real estate technology. We can educate the public the value of working with a Realtor and about the service we provide. There's no substitute for hard work either.

 Lately I'm seeing a trend of  more and more people are viewing this market as a golden opportunity to get a great home at a great price with a lot of build in equity. I guess it depends if your glass is half empty or half full!

                                                    Sunset

 

www.teamknowles.com

 

 

About The Authors:  Betty Knowles is a full-time REALTOR® with Coldwell Banker Vanguard REALTORS® in Springfield, MO and proudly serves on the board of the Greater Springfield Board of REALTORS®.  She also served as President of Women’s Council Of REALTORS® in Southwest Missouri.  Betty’s genuine passion is helping people buy and sell homes in Springfield, Ozark, Nixa, and surrounding communities.  

John Knowles is likewise a full-time REALTOR® with Coldwell Banker Vanguard and a member of the Greater Springfield Board of REALTORS®. A self-proclaimed computer geek, John is talented at developing real estate websites, videos, photography, blogs, search engine optimization and other technical skills essential to marketing and selling real estate in Springfield MO.

Together this dynamic team makes up TeamKnowles REALTORS®, Spouses Selling Houses!  They are dedicated to doing what it takes to sell your home in the greater Springfield real estate market, or help you purchase a home that fits your particular needs. Give TeamKnowles a call today; you’ll be glad you did!

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Comment balloon 4 commentsBetty Knowles • March 17 2008 07:36PM

Comments

Betty great blog, I just said the same thing in my blog. my market is very good.. and home sales are still going on.. prices are not falling at all matter of fact we are up 2.5%....one thing is true that us agents have start doing is pricing these homes very well, no longer can we price up here.. and wait for the buyer.. price is 95% of marketing a home. the buyer is still going to determine what is the better value for the price they are paying..

Posted by Anita Lewicki, e-PRO (Prudential First Properties) over 10 years ago
Different markets are experiencing things differently.  The challenge is that each market has it's own trends and some markets have more REALTORS in the business than their market will have un annual sales (meaning some markets will have agents who will sell ZERO homes in 2008.  The bottom line is some markets are doing ok, others are very challenging and others are crashing in a big way. 
Posted by Sam Miller, Knox County Ohio Real Estate Specialist (RE/MAX Stars Realty) over 10 years ago

Betty,

I agree too!  Our market is not doing that badly.  I am new to active rain and really find it to be so informative!  Thanks 

Posted by Christine Joyce (Champion Realty) over 10 years ago
This is why it is called a market.  Always up and down.  We just have to adjust to the conditions of the market.  If you adjust successfully to this market and thrive, then you will reap the benefits of the next upswing!
Posted by Audrey June-Forshey, GRI, Gaithersburg, MD (RE/MAX Realty Services) over 10 years ago

Participate