TOPOS & TALK#_27 Don’t be posting Idiotic messages on social media
Manage episode 331983849 series 3357338
Welcome to today's Cloud Based Real Estate Brokerage TOPOS & TALK #27- I have so many things going through my head every day about Real Estate that I just want to get it all out. I get asked so many questions about real estate every day. And, coach so many agents that it's time to answer all of those in depth questions while I sip on my Topo Chico.
In today’s episode I do a deep dive into Don’t be posting Idiotic messages on social media. A real estate agent that makes stupid posts on social media. I will tell you why you don't need to post idiotic post on social media. But before that let me tell you what is my favorite one at the moment are agents and lenders that say 6% interest rates are still an amazing rate, and in the 1900s interest rates were at 20%. And you should be happy there at 6% today. It's like are you crazy? Interest rates at 20%, 14%, 12% or whatever they were, was also during a time when the economy was a lot different. It was also a time when the real estate industry housing prices are a fraction of what they are today. What I want people (and real estate agents) to understand is we need to educate our consumers and be consultants. Comparing things to what they were back then is like we should be in a better position that's just the natural way that the world progresses we should be getting better. I'm going to turn this coin over and talk about the stupidity that I see in the chat boxes out there of people saying that agents are actually educating and telling consumers that they should be looking at adjustable rate mortgages. And this is where consumers can get stupid because what consumers think at adjustable rate mortgages are what the same thing of recessions. When they hear recessions they think the real estate industry is going to close. When they hear adjustable rate mortgages they think back to early 2000s where the adjustable rate mortgages started out at like 2%. Then the following year they went to 3% up to 6%. What we have to be right now is advisors to the consumers out there. This might be a good time to do a Facebook live with your favorite lender and educate the masses because it's just comparing the market from 2000 or 1900s.
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