Down economy, down business?
With a continually struggling economy, challenges vary across the nation ranging from restrictive lending to rising foreclosure rates making transactions more and more difficult to get done. Gone are the days of calling a lender every day, rushing them along- the response is a frustrated “we’re trying” now. Underwriters have a rough time getting loans through, buyers are scared because of the media coverage of the housing crisis, but some real estate transactions are still getting done.
We asked on our AG Facebook Group, “what are you finding the biggest challenge to getting a transaction done this quarter over last year?” The answers were different depending on where each agent was and their specialty, but one thing is for sure, it’s rough out there.
Thank you to the brave people above for sharing their challenges with us. Tell us in comments below if you relate to any of the challenges above or if you have your own challenges to contend with.