Real Estate Views from St Pete

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In today's market - WHAT you know matters, so does WHO you know

It's frequently said that agents all have the same inventory, that the MLS is available to everybody, so service is what makes the difference. That inventory is generally available on realtor.com as well, available to anyone who looks there.

What's different today? That Pinellas County has 9,844 listings to sort through? That the Tampa Bay area - excluding Manatee County where many Tampa Bay people live - has 33,104 listings to look at? No, it's the "hidden" inventory that makes the difference.  It's always been common for agents to have one or two pocket listings, ones that aren't actively on the market, or that are coming on the market. Today there are oh, so many more. People who had their homes on the market and got tired of months and months of making the beds and doing the dishes, only to have no one come and look. People who felt after a year or two on the market that they needed to give it a rest. People who have rented for a short time waiting for the inventory to decrease. People who want to sell their home but are waiting for prices to go up before they put it on the market. All these people are ready and willing to sell - and the agent who knows a lot of these may know the one that's just right for the client, even more right than all the others on the market. 

Working with an agent who has this "extra" inventory can add value to that agent. So can knowing lenders, appraisers, and stagers. An agent who has seen the fluctuation of the market over one or two decades or more, may have the creativity or ingenuity to get a transaction together, and to make sure it closes. Now, more than ever, real estate agents are NOT a commodity. Choose your agent well - there is definitely a difference. 

Sharon Simms, Real Estate Agent selling homes in St. Petersburg, Florida, the Gulf Beaches and the Tampa Bay area.   

 

Comments

Sharon,

Excellent timing on your post.  Your insight on hidden inventory holds true here in the Phoenix / Scottsdale area too.

Posted by Dru Bloomfield | Scottsdale AZ Real Estate (Realty ONE Group) over 4 years ago
Hi, Dru. It's probably widespread. I'm surprised there hasn't been more news about that. Guess foreclosures are more sensational and bring more readers.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 4 years ago

Hello Dru,

Thanks for the stats in St Pete.  You show such a professionalism by knowing them and by being specific about the foreclosures. 

I love to keep up with the stats in my area too.  Perhaps you can give me some pointers by checking out my blog. I am running a series of 3 parts the first part is an introduction 

Tell me what you think.

Posted by CJ Walton, CNE (Keller Williams Realty) over 4 years ago
Hi, CJ, thanks for the compliment. I've left a comment on your blog, commenting on your introduction. Keep up your blogging - make regular and frequent posts.
Posted by Sharon Simms St Pete FL - CRS CIPS CLHMS RSPS (ALVA International, Inc.) over 4 years ago

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