Reply to How are all the realtors making money these days?

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[quote=Anonymous][quote=AgentX]I got 3 buyers under contract in one day last week. I'm not having an issue. Most agents I know aren't having an issue. The outliers are probably struggling.

I have lots of clients with lots of cash, they have been waiting for this moment. Most of my offers are 40% down to all-cash offers. I'm not finding the under $1M price point to be super competitive for the most part. But $1M - $2M is a disaster. THOSE buyers have money. So a blip in the market or interest rates doesn't affect them at all. I have clients who were in multiple offers on a $1.9M home. That's the fascinating part of this to me, where the buyers are in terms of price point.

What's hilarious is that we all made SO MUCH MONEY in the last few years, and now it's interesting to see who is poor-mouthing and who saved their money. Frankly, I'll take a year or two of lower income to see the idiots exit the industry. Also, NAR is considering raising our dues, which would go a long way toward getting the riff raff out of the industry. [/quote]

Thanks for posting your take is very interesting. How is the market from say the lower end of under one million like $400-700k is this still not very competitive right now? Also do you work around a major city like DC?[/quote]

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