Real Estate Randomness

Good Bye 2010 and Hello 2011

by Midi on December 31, 2010

I know a lot of folks in real estate are happy to see 2010 behind us… but viewing 2011 with a rather skeptical eye.  Me, I’ve been surprised to find that somewhere along the way, I’ve become an optimist.

I’m looking at 2011 with the belief that it will be a better year than 2010 was, because as tough as 2010 was for the real estate market in our local community, statistically, it was still far better than 2009 when this market seemed to hit absolute rock bottom.  So to me, from an analytical point of view,  it can only get better.

A few weeks ago, I was installed as president of the Golden Isles Association of REALTORS® for 2011, so perhaps my optimism is tainted by the position where I feel I have to put a positive face forward… perhaps I am. In all honesty,  however, I think that’s what all of us in real estate should be doing.  We need to send out the unified message to the public that we still have faith in home ownership, that we still believe in the American dream despite the beating it’s taken over the last few years, that we are in this profession because we are dedicated to helping people and improving our communities.

There is nothing worse than hearing a REALTOR® rattle off their litany of woes in public.  People hear it.  People believe it. It perpetuates the fear and doubt in the public psyche.  It does no one any good.

Just like a smile, optimism breeds optimism.  You know what I mean… you see a stranger and you smile.  99.9% of the time, that stranger will smile back.  So try it with optimism and see what happens.

Happy Optimistic 2011 Everyone!!!

That's me getting installed as 2011 President by John A. Kaufmann, a member emeritus for our Association. Special thanks to Amy Mooney for this photo!

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So That’s How it Works!

by Midi on October 30, 2009

craigslistWatching the Atlanta local news and there was a story that caught my attention. But before I get to that… a little background: Recently, an agent told me that a home her company manages for rental showed up on Craigslist for rent at a really low price.  Their own contract with the owner required them to ask  much higher.  She asked me if this could possibly be a scam.

This is a common scam on Craiglist and it is wide spread.  We assumed that it had to do with luring unsuspecting tenants into wanting to rent this home but in my mind, which works off the premise that things work on the whole in rational ways, the ideal of this scam working was just really bizarre.  I mean, who would hand over money for a rental home without seeing it? Apparently people do, otherwise this scam wouldn’t be out there…

Arrested for Craigslist Scam!Well, in Atlanta, they’ve just arrested a woman who had posted a home on Craigslist she didn’t own for rent and took deposits for this home from all the callers who were interested.  The tenants showed up at the house thinking they were going to move in and found instead a bunch of other ‘suckers’ (for lack of a better word) standing around thinking they were moving in as well.  As you can imagine, mayhem ensued.

So this scam works on the gullibility of people, their willingness to rent a home they have not even seen, and equally, their willingness to hand over money for such a property to complete strangers.  I suppose it’s the ‘steal of a deal’ concept the scammers rely on.  People respond to perceived ‘bargains’ in different ways.  Old adages and clichés exist for a reason…

1) Trust but verify
2) Caveat Emptor
3) If it sounds too good to be true, it probably is!

And of course, #4:  A fool and his money are soon parted

craiglist warningCraigslist has been under a lot of scrutiny lately regarding ‘other’ types of listings, but in their defense here for real estate, they actually do have a large link at the top of their Rental Page on ‘Avoiding Scams’ and it clearly tells you never to hand money over to someone you have not met, among other common sense things.

So my shameless plug for the real estate industry is this:  Working through a real estate company gives you some protection.  A licensed real estate broker working as a property manager has a slew of laws and guidelines under which he must operate, the least being honesty, fairness and the above board handling of money.  They are also held to strict advertising guidelines.  Working with a property manager, there is a better sense that you are not just handing over money to some random stranger who happens to have a key to the house.  You know you are dealing with an agent of the owner and everything is on the ‘up and up.’

Of course, check out the Broker first and make sure he’s legit.  How?  Ask for his Brokerage ID and check it out at the Georgia Real Estate Commission’s site! Remember adage #1: Trust but Verify!

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