Every time I drive by a house there is a for sale sign with a real estate agents information on front. I have tried to call these agents numerous times to check out these properties. Real estate agents usually respond within about a week. I can understand they are very busy and have to find time. Lately I have been getting responses back after three weeks. That is plain ridiculous and at that point they should have not called back at all. When you are talking to an agent if you are polite they will usually tell you why it took them so long to call you back. The main reason is the overwhelming number of bank owned properties. It is getting to the point that real estate agents have minimal time to deal with their clients at all. The banks require so much leg work many agents don't have time to sell. They only have time to list and watch the bank owned properties they control.
A few agents have gotten back to me and they all have say that they are just so busy. The bank owned properties just take so much of their time in the day. If they only had a few it would not be bad but a few dozen is more like it.
My personal Realtor has her own little office in the downtown area where I live. She is the only agent in her office at the moment. Currently she has at least fifty bank owned properties the last time I checked. I know she is just plain swamped and she only has one secretary. I mean two people are dealing with that many properties is just crazy.
All of the real estate offices around me just keep on getting more listings from the banks every week. If they could at least sell a few here there that wouldn't be bad. If they are lucky they can sell a couple in a month at most.
I really don't understand why these agents are working so hard for these banks with very little compensation. I guess it is the only way to survive in this game.
I give some credit to these agents they are working really hard to stay alive. You can now see who is a real real estate agent not just some one chasing the dollars.
The day that the banks start moving their prices down real estate agents face's will be filled with smiles. Finally that huge inventory of homes they list will start moving and money will start flowing back into their pockets again.
If you keeping on looking hard there are many excellent real estate agents out there that can help you. They will also make time for you in their busy schedules.
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