Think it’s hard? Try being a RE Agent!

So I just got an email blast from a real estate agent:

“I have a buyer in need of a SFR property in Moreno Valley or Perris. 3+ bedrooms and 1,400 sq.ft. or more. $140,000-$160,000 price range. Buyer is qualified w/ a Conventional Loan.

Please let me know if you have anything available or coming up soon.

Agents are usually desperate to find active Buyers, but the market has so little inventory right now that they are having to actively solicit for inventory.

I heard another stat that really put things into prospective.

If you compare the California residential real estate sales industry to the car sales industry.  Imagine going to a car lot with 20 cars for sale and 40 cars salesman.  There are literally 2 active real estate agents for every house on the market right now. 

When you’re ready to complain about how tough us investors have it, just be glad you aren’t a real estate agent right now!

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2 Responses to “ Think it’s hard? Try being a RE Agent! ”

  1. Hunter says:

    Steve

    Also are you getting offers from hedge funds to sell your rentals?

    Thanks

    Hunter

  2. Ned Carey says:

    >” Imagine going to a car lot with 20 cars for sale and 40 cars salesman. There are literally 2 active real estate agents for every house on the market right now. ”

    Wow, Is that really true 2 agents for every house? What is the average days on market?

    The car dealer is a great analogy by the way.

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