Most people are aware that the real estate business is not booming these days.
While the market is changing things are still challenging. We certainly are not the only industry under the gun. Airlines, automakers, and restaurants just to name a few are all having their problems surviving the economic downturn.
Realtors® are not different than others, our costs are rising, and our incomes have certainly tanked.
I have often quoted Dennis Waitley's famous phrase, "Crisis is an opportunity riding dangerous wings." I believe that change is inevitable in most business. You either change or you go out of business.
However, change has to be carefully considered. Need jerk change can often be harmful. We have become a very value conscious society. If you bump your prices up and don't deliver more value for the money, you will likely have a problem.
On Monday, I gave some potential long term clients a ride around the county. I probably spent $25 dollars in gas. Yet I was able to show them in a couple of hours what might have taken them a couple of days to find and see.
I didn't ask for a buyer's agency before driving them around because they aren't ready to buy. I could have charged them $100 for being a tour guide, but that didn't make a lot of sense either.
It made the most sense to do what I have being doing all along, differentiate myself through the value and hard work that I bring to my clients
Trying to provide value to my clients has served me well, and I hope that the word of the extra efforts that I provide my clients continues to spread.
In the long run that will be worth more than $25 for gasoline