Colorado Springs Realtors


Selley Group – Change In The Air

Cherise Selley September 23rd, 2009

Change is in the air.  You can see it.  You can read about it.  You can even feel it.  Regarding the Colorado Springs Real Estate market, changes are happening very quickly.

Colorado Springs Realtors and some local brokerage firms are making unusual decisions during these fast-changing times.  Mergers between smaller, personal brand companies and larger-minded real estate firms have occurred.  The price for more market exposure remains costly.   Let’s look at a few examples:

  • Short-term security.  During the transitory phase of any business acquisition, there is the introduction of strength and security, especially with numbers regarding both the addition of people, as well as the potential influx of increased revenues.  However, the concept of adaptation eventually happens, giving rise to the balance between generating increased revenues and expelling increased expenses in order to properly accommodate increased personnel and relative overhead expenditures.  In other words, sought after profit margins are still measured by sound business protocols and long-term planning, which in effect, defines fiscal security.
  • Training Costs.  According to the National Association of Realtors (2009), 26 percent of all Realtors today have less than five years of experience in the real estate business.  That translates to one-quarter of Realtors who have not really dealt with any real challenges within a difficult Colorado Springs Real Estate market.  They’ve never seen it or actually experienced the adverse effects professionally.  To train and educate Colorado Springs Realtors requires significant costs, time and personnel resources.  Typically, the inexperienced Colorado Springs Realtors lack the empirical knowledge to endure the troubleshooting aspects of the business.  This is where agent turnover, lost deals and revenue losses translate to vocational frustration.
  • Fear.  Just because a Colorado Springs Realtor might decide to join a larger company does not mean that he or she is now exempt from the hardships and/or heartaches of the imposing real estate market.  Fear still exists for both the Colorado Springs Real Estate professional as well as the consumer, causing many people to react impulsively.  The costs of being part of the larger Colorado Springs Real Estate companies are enormous, gobbling up any saved reserves of the participant and causing sole dependency upon corporate operations.  Many people get lost within this type of organizational system, failing to grow personally and professionally.  Not to mention, it makes it more difficult to become profitable amongst more competition within the larger organization.

Before making any unusual decisions, consider all the options available before allowing the change in the air to direct you incorrectly.

 

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