Fun night

Ok...I'm not a horse race person, but, I have to say Lone Star Park is very nice. I just wanted to thank North American Title for inviting me to their suite last night. Great food, and a great dessert bar made a great ending to an otherwise long real estate workday.

I was able to catch up with some old real estate friends. Their consensus about the market is basically what mine has been so it's good to get some validation. While the market isn't as dreadful as the media would have you believe, it is definatley requiring more work to get deals put together and closed.

Sellers have to be more patient in our current market. Buyers have to be more realistic. Are there good deal out there? Sure! But those that buy real estate for a living already know where they are and are typically one step ahead. Do sellers really have $40k in equity that they are just going to give buyers? No. Would you? They'll hold out for a better market or just sell to a buyer who understands that there may be some wiggle room on price but not $40k worth of wiggle room.

Tomorrow, I would like to discuss the importance of choosing a lender that has a good reputation.