Tom summed it up perfectly with, "A purification of the profession". It was desperately needed. Many of the realtors I've encountered aren't fit for a $2000 used car lot. Nothing to offer other than cashing a commission check. Good riddance.

Homes aren’t selling. Home owners aren’t selling. All due to price coupled with rates. Agents starve!

@CaptainCaveman1170

Ай бұрын

And that's how recessions start and shelter costs rebalance.

I’ve bought two homes so far and the only thing the realtors did for us was open the door to the houses we wanted to look at. For what they do, they are way overpaid.

@tonyDa2Lo

Ай бұрын

So you wrote up the contracts ?

@deadli-us

Ай бұрын

@@tonyDa2Lo No, the lawyer did

@tonyDa2Lo

Ай бұрын

@deadli-us must be a different state law. We handle everything but the title search/settlement and loan in Indiana...

@deadli-us

Ай бұрын

@@tonyDa2Lo Guess it depends on what state you’re in then but here they’re glorified door openers

@madamenoire6830

Ай бұрын

Lawyers draw up the contract. Realtors just open the door and try and talk you into buying more house than you can afford so that they get a big condition. I remember my realtor showing up in a Porsh 911 to show me a house. Way overpaid. I went on line looked at the house and privately bought it from the owner. It was cheaper for us both to get lawyers to do the paperwork.

I’ve been selling SFR in Atlanta for the past 10yrs. I just smile when people say they are getting their license. They have no idea what they are getting in to. 90% of agents do not even do 10 deals a year. Because it’s HARD!. Real Estate sales can be quite the roller coaster but if you are smart and consistent you can ride it whether it’s up or down. I prefer when it’s down. Everyone pulls back while you lean in with your hands up baby!!

I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?

@BridgetMiller-

Ай бұрын

"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task

@nicolasbenson009

Ай бұрын

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

@berniceburgos-

Ай бұрын

this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

@nicolasbenson009

Ай бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Michaelparker12

Ай бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

Perhaps those RE agents left can uphold their fiduciary responsibility to their clients by 1) advising their clients to pay ONLY what they can afford 2) NOT advising their clients to HOUSEHACK as the only means of being able to meet their 30 year contractual mortgage obligation for the sake of "getting in" because "APPRECIATION BRO." Get these quacks out of the industry

@maryboyle6562

24 күн бұрын

They work in sales- anyone working in sales has a conflicting interest with buyers. Buyers should understand that and act accordingly.

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

@jcurdrayeric243

20 күн бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@rogerwheelers4322

20 күн бұрын

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

@joshbarney114

20 күн бұрын

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.

@FabioOdelega876

20 күн бұрын

@@joshbarney114 I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

@joshbarney114

20 күн бұрын

Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

The idea that an real estate agent can properly represent a seller/buyer in a town that they don't even know where it is on a map is such a disservice. Broker reciprocity (MLS data sharing) sparked the creation of websites like Zillow, Trulia, etc, who have seriously mislead the general public into thinking that every agent is a local expert. I feel bad for the skilled agents who have to deal with the other newbie agent who happens to be the buyer/seller relative.

As a 20 year agent I’m glad to see those not serious about this profession leave.

@Joe-ku1ko

Ай бұрын

I hope to see it in software development as well. I'm in it because I love this shit, not because I'm trying to make money.

@Royalewithcheesee

Ай бұрын

@@Joe-ku1kowell what’s the number one reason anyone takes a job?

@Joe-ku1ko

Ай бұрын

@@Royalewithcheesee Nowadays its to make money, of course, but families throughout history have always had a craft or something. That's why we see youtube channels of family-owned businesses like stickylollies becoming successful. People that are in it for the money don't have passion to master it, they just want a paycheck.

It’s NOT about rates! It’s price! Please stop saying the reason is rates…

@ryanlipkin6964

Ай бұрын

Thank you!!!!

@CaptainCaveman1170

Ай бұрын

Exactly rates are good right here. Even 8% is fine.

@highwayrunner9719

Ай бұрын

Correct !

@kimberiysmarketstrategy

Ай бұрын

Ummm no. A 3 million dollar home can vary highly based on interest. Maybe if I just buy or build an apt conplex instead

@hollandv7983

Ай бұрын

I agree. Even with the higher rates, prices have not come down. Rates need to continue to go up

The class in 05 was nothing compared to what it is in 2024. More hours, more tests, more CE and more fees...

"1.5 million is still way more than a million". Even pat can't stand adam but he understands keeping him on generates interactions which is good for business lol

@anitagraf4865

14 күн бұрын

Lololol! Adam is so frickin annoying. But I think he’s there because he’s a top earner in the MLM scam PBD runs. (Did you catch the oblique reference to that in their promotion of the “conference”?) They’re all hucksters, grifters, and hacks. But Adam is also stupid.

I am a real estate agent, and I can tell you that I don't just open doors. The home prices wouldn't be where they are at with real estate agents. Problem is there is to many part-time Realtors and LAZY I MEAN LAZY AGENTS that do nothing and giving us a bad name!

4:52 PBD is like, I know nothing.

Nobody is gonna sell their house to buy another house to have their monthly payment double.

@ericmcginnis7576

26 күн бұрын

Not if they have to move

@jessebeahm348

15 күн бұрын

Nobody, then how am I doing so well?

@youknowwhopapi1048

15 күн бұрын

If you say so.. by the looks of your channel I would disagree

@jessebeahm348

14 күн бұрын

@@youknowwhopapi1048 lol I would agree from the looks of my channel

Gainsville population is 145k people it could never have supported 1500 agents.

This is a grifter profession that needs reform. I won't miss them

@dp-by1wg

24 күн бұрын

💯

In 2020, when prices began to rise, most realtors attributed it to high demand and low supply. Now, the situation has reversed: there is a large supply compared to demand, as fewer people can afford homes. By that same logic, prices should go down, but realtors refuse to acknowledge this. They insist that real estate prices will always continue to rise.

My wife and I make around $200k a year, have over $50k saved for a downpayment, but there isn't a single multi family in MA that would make money putting 5% down due to interest rates. An average $400k house is close to a $4k monthly payment compared to a few years ago where that payment would be around $2200

@hollandv7983

Ай бұрын

Exactly. At 3-5% down, damn near every house that I looked at near me and the surrounding cities, I wouldn't make positive cash flow till 20+ years from now. In order to make money, you would have to put down anywhere from 30%-50% which is why I'll be waiting. I'm not wanting to spend $2500-$3000/month on a house where we are in a recession with the potential of the house going down value shortly after I would have purchased it. Not worth the risk, especially when I can rent a townhouse for $1500/month and not have to worry about property taxes, HOA fees, interest or any other fees associated with the purchase of a house. The recession we are in needs to sting harder. I'm tired of inflation and the new reality that we are in. I'm afraid the sting in the recession will take a while till credit card debt finally catches up to people

@tedjerdee1028

Ай бұрын

@@hollandv7983 Ya you never know. We are still looking but at this point, there's not even any good multi families on the market going over asking. Every listing seems to be someone trying to offload their borderline dangerous rental property at the top of the market with rents that are half of what they should be. I'd say for every 5 new listings, only 2 or 3 will actually sell.

@danielzamora8377

Ай бұрын

why would you be putting 5 percent down with a 200k income?

@tedjerdee1028

Ай бұрын

@@danielzamora8377 having cash to improve the units to increase NOI is more valuable than decreasing the monthly payment. The difference between 5% and 10% is a difference of a few hundred dollars a month. Being able to increase the rent potential is a better use of money plus emergency funds are key

@anitagraf4865

14 күн бұрын

Who gets the option to pay FIVE percent down??? I’m RE investor and every mortgage I’ve ever gotten was 20%. Five percent, my ass. 🙄

If anything, it's likely to get worse. Affordable housing will soon become unaffordable. Therefore, I advise taking action now because today's prices will seem like bargains tomorrow. Until the Fed takes more decisive action, I expect we will see hysteria due to rampant inflation. You can't just halfway rip the band-aid off.

@FaithAndrada-xo9ou

23 күн бұрын

In the early 1990s, when I bought my first home in Miami, it was common for first mortgages to have rates between 8% and 10%. It's important to recognize that we may never see 3% rates again. If sellers are forced to sell, home prices might need to drop, resulting in lower valuations. I believe many people share this perspective.

@BrewerVera

23 күн бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@Raymondcraw1967RaymondCrawley

23 күн бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@BrewerVera

23 күн бұрын

Rachel Sarah Parrish is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@Raymondcraw1967RaymondCrawley

23 күн бұрын

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

Depending on where you are in your life, either pruning or sewing seeds.

You’re either priced to sit or priced to sell, down here in SWFL Naples there are wayyyyy too many properties just sitting on the market at very high price points relative to their purchase prices just a few years ago with little to no price reductions several months after being listed, sellers need to be able to shift with the ever increasing supply on market especially in Cape Coral, #1 worst place to park you’re $ there for appreciation over the next year+

Great news.

Realtors are important for first time home buyers, they should clarify and explain the process thoroughly. They should also give their professional advices to homeownership and how that works. And have referrals up their sleeves for financing, home maintenance and repairs, etc…. Realtors are also a benefit to those buyers who don’t want to make the calls, negotiate, etc…. Realtors negotiate pricing, schedule appointments and make the process seamless.

I've bought and sold quite a few houses over my years. A quality real estate agent is extremely valuable. That probably is only 1/5 that are on the field.

And that 1 guy from Canada was Serujan from Montreal 👍

You have two sides of a transaction! Two agents could make money on one home sale.

Fooook realtors straight up

My house is in the market for $550k and EVERY buyers agent shows up to my house in a luxury vehicle.

This is not a new phenomenon it happens every two years there’s an article that shows how he hamster wheel of agents coming in and out. I’ve been an agent 9 years now and alwayssss happens. A lot of agents just decide not to renew there license that they weren’t even using.

Renters pay for all of that lol. Your landlord has taken all of that into consideration when he set your term💯

Before the music stopped… Where is Eric Dale?

@MrHeavy466

Ай бұрын

We don't know, his phone was shut off.

Licensed agents - actively in service agents- very good agents. We are just leaning towards where the Realtor who masters the trade will stay the course.

Home values are declining in every state. Declining the most in Massachusetts and New Jersey.

The guy that’s talking about the realtors in Miami. The 3 L’s!! He 1000% correct!! I know girl that I’ll be honest, wasn’t attractive blonde, but she had no experience no house no money in a first deal with a multi million dollar luxury home! For an. 🤣🤣. Dude didn’t know his realtor was a straight box of rocks.🤣🤣. I see them all the time! Fancy car, nice IG page they make a couple sales you ask then a question and they barely know anything. I blame the clients because like who’s really hiring these people.😂😂 That’s why I got out of sales and just went straight investing because I can’t deal with these people! One lady told me I’m not gonna make it but I’m gonna send my client. I was like what the hell you getting paid for.🤣. You can’t make this up in Miami.😂

At min 6:30 he stating Stock brokers own stock but realtors don’t own their homes/cars. You can fractionally own a Fortune 500 company, more difficult to fractionally own RE unless it’s in a fund. Not a good comparison given barrier to entry on Tesla vs a house is not comparable. Also more liquid. Realtors own stock too guy. We all do.

Where I live in New England houses still sell for 50k over asking and with in days.

yea but 1.2 million of those relators live in Miami.

We always say 95% of the money is made by 5% of the agents...

There are so many crappy agents. I went through THREE before i found a knowledgeable agent

There’s too many “hobby/weekend agents”. High quality agents are worth their pay

Yes

46% of realtors do 1 or less deals a year.. as for getting your real estate license being easy.. very state specific FL happens to be very easy though to get it

I did real estate for 6 months. I quit.

@jinc311

Ай бұрын

Why? According to the comments, it's so easy and agents making money head over fist to just open a door? 😂

Renting is the move in soflo

Time to become law enforcement officers lol

Did he really say you need to buy an expensive car as a realtor lol?

Real estate license isn't easy in california.... you have to take 3 courses... past a 150 question 4 hour test.... not sure you can call a 50% pass rate easy....

Everyone is in saving mode…

Adam just spews nonsense. So the only way to tell a good realtor from a bad one is if they drive a luxury car??

Everyone’s leaving, and I’m just getting in 🙌 Never understood “part time” agents, those are bye bye. The serious ones will stay. These statistics don’t go into detail

Without realtors housing costs will drop

They all drive cars that is 1000 dollars plus per month. I don’t see them poor with outfit they wear as well

A good tax accountant will save you money and pay for themselves. In my case a great realtor does the same because I know I am not good at negotiating! If you are good at that you can buy and sell without one.

Average is 4homes a year

I know "NINA" as No Irish Need Apply

Hi , I’m trying to figure out how my face ended here

Thisbia exactly what happened in 2008.

Everyone that wanted to move already did so

Did that guy compare buy a house to buying stocks? Lol.

Everyone and they mama real estate agents , get a real job!

Well most people have to work 2 jobs so realtors should too

Real Estate agents...come again, why exactly do we need them?

Thank you Tom. That was a thoughtful comment. Adam was so wrong. Good grief his comments offended me. I'm licensed 18 years and have an abundant business. I'm saddened my value is being questioned. However I am optimistic that my business will continue to flourish. NAR estimates 50% will drop out. We didn't have an antitrust problem we have an education problem. It was 1.2 million 6 years ago. The average Realtor grosses $34k which is gross. Addressing your comments as they're coming across so my comments are a bit out of order

Good let’s get ride of them complete rip off .

PLEASE ... it's pronounced REAL-tor. Not realiter.

I am lost as to what they have been doing last 2, 3 years during the greatest RE bubble ever. Haven't they made enough $$$ to take some time off until the boom cycle comes back? Only a little correction at the top of the market and they already look for extra jobs? No wonder people get slaughtered when COVID hit. Tell me this is just a click bait video and only a fraction of the entire agent community falls into this desperation category.

How many RE agents are considering onlyfans now?

first the cnn jab pusher, now the Hawaii fire charity grifter.

@TheGodofSEO

Ай бұрын

Ridiculous

Rock = converts to be republican ?😂

The rock is a shill. Hate that PBD likes him.

The dude talking about real estate agents, has mostly no clue what hes talking about, top 100 agents are mostly older folks, some good looking, but moslty not

Ot doesn't matter if Adam is even right, everything he says is ao annoying. Hes headlining Smug Fest 2024