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Are you working in a bad market? Are Real Estate sales slow in your area?
What can you do to turn your market around?
There are bright spots in bad market just like there are dark spots in good ones. But how do you get the word out. One group or Realtors® in the Kentucky Bluegrass has taken matters into their own hands. The Lexington Board of Realtors (L-BAR) has produced a video that has been used on local broadcast (ran in CBS Sunday Morning local slot this morning) and cable television to inform homeowners in their market area that it may not be a bad time to buy or sell a home after all.
Here is L-BAR's video on YouTube:
This video should act as inspiration to those sweating out a local real estate market downturn. Although the L-BAR video is a professional production, you can produce video carrying a similar message for your area using one of the many tools available to you.
Market downturns come into existence when a critical mass of consumers overestimate the effects of a market disrupting event or series of events. Market upturns begin when confidence in the markets returns. Most stimulus measures are designed to restore that confidence by creating an event that causes a positive effect - even a small positive effect can build confidence out of proportion to the event.
The L-BAR video has tremendous success potential if it's member Realtors® believe it's message and use their energy to spread the word. Taking action is the key. When was the last time you heard of someone whose success could be attributed to waiting around for something to happen?
The Lexington Area Realtors® have taken a very positive step toward improving the market conditions in the Bluegrass. What are you waiting for?
What can you do?
Output a PowerPoint presentation to video using Camtasia, use Real Estate Shows, QuickTime or Windows Movie Maker. The point is to not sit around waiting for the market to turn around. Take matters into your own hands and become even a small catalyst in the recovery of your local market.
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