Wednesday, January 6, 2010

Hard Times In Real Estate Because of Government Regulations

I haven't been posting in a while, because my industry is stuck in the clutches of a menace: The government. There is no money to be made for most of us. The few that do have listings get them from the banks, and clear 1% to .5% of a profit after expenses generally. Business is slow, to say the least.
Here is a letter I recently sent to another Realtor who was seeking help with closing a deal. I was able to close mine because I am very good at what I do, am very proactive, have a great team of people helping me, and I got a little lucky. She will not be able to close the deal, the investors who are selling the home will lose money, and the banks will not profit. All of the parties agree to the terms and price. Everyone wants this deal to happen. This economic travesty is all because somebody in government decided that they new better than the people running their own businesses.
"Hi,
Here is the report you requested. I hope it helps. Unfortunately, the government has mandated that our markets continue to decline so long as there is a single distressed sale of a dilapidated home within 1 mile of the subject property. This only creates gridlock. And it destroys our means of making a living.
If you are tired of the government telling you, your clients, and the banks how to run their businesses I recommend this course of action:
1) Contact your representatives regarding repealing the Home Valuation Code of Conduct.
2) Vote Libertarian in all issues.
3) Recall/vote out anyone who creates new regulations and new taxes. "Progressive" policy is bad economic policy dressed up in new age, politically correct clothes. Democrats and Republicans are the same party on this issue.
The appraisers who your client pays for are now government employees, but your client still pays the bills. The appraisals you get are not an accurate representation of market value, and have no value to your clients. Why should your client be required to pay for this? Would you like to work for the government also? Enough is enough.
Best regards,
M. S. Gentile
Broker
(818) 726-5982
http://RealVana.com
http://BlackAndWhiteRealEstate.blogspot.com
Refer me to your family and friends.
I will provide your referrals with the same impeccable service that I give to you."
Whats next? The government is taking away a Realtor's choice of title and escrow companies, the very team of people we work so hard to put together that allows us to negotiate this turbulent market through a rewrite of another intrusive set of laws: the Real Estate Settlement and Procedures Act.
VOTE LIBERTARIAN before we reward our politicians again for acting in our worst interests. Repeal nearly everything possible. It will hurt, but it will also clean away the rotting flesh from the wounds our nation is suffering from.

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