October 11th, 2011 by Christina Yeakel
As you may remember from previous Newsletters, I enjoy the outdoors and walk daily. I trek down the same trail each day never getting bored with the scenery and apparent safety of the route. The routine adds a sense of security and solitude, creating a mental atmosphere that is conducive to my wandering thoughts that seem more significant and worldly wise than they really are. Today I was gently shocked out of my trance-like walk. I arrived at an intersection at which I have not seen a vehicle in the past two years. Naturally I ventured to cross the street with little concern of my environment. Today from two different directions vehicles quickly and unexpectedly converged at this intersection, at the same moment. One driver was busy on a cell phone, two others clearly saw me attempting to cross the intersection and acknowledged the pedestrian right of way. The cell phone driver eventually saw me but had entered the intersection with the intent of not stopping. I immediately stepped clear of the larger mass bearing down on me and graciously allowed her to pass. I proceeded across the intersection without further conflict.
There are many lessons that can be drawn from this near calamitous experience. What I find fascinating is that singularly each occurrence: a pedestrian crossing a street, vehicles entering this particular seldom used intersection, would be routine and uneventful. However when each happening occupies the same space and time the outcome is dramatically altered.
The real estate market in Las Vegas is an example of a convergence of seemingly ordinary and innocuous events in a business environment that was deemed for years to be safe and bullet proof. The outcome created has been near fatal to our financial security. A slow down in construction, a rising unemployment, a diminished tourist trade, non diversification of the local economy, singularly these economic conditions could have been dealt with, but collectively created a Titanic event. We have experienced all the conditions that feed upon themselves and aggravate the spiraling conditions. Local, state and federal governments have yet to address the causative factors but work on peripherals that prolong the conditions and expend diminished monetary resources unwisely. Our time will soon expire to effectively create change. We must seek out and support leadership that has the interest of populace, demonstrate sound economic beliefs, and are not motivated for personal and political gain.
Tags: beliefs, economy, las vegas, market, opinions, Personal Development, real estate, selling homes, trends
Posted in Las Vegas Home Sales, Personal Development | No Comments »
August 10th, 2011 by Christina Yeakel
What an effort it was today to complete my four-mile walk. I don’t just walk, but I keep the pace that would excite a drill sergeant in boot camp. However, what made today different was that I started on my excursion later in the day, the heat was already climbing, and I had not been feeling too well for the past two days. Not a good combination to successfully achieve your exercise goal; in some parlays, a goal that was designed not to be achieved. You are probably wondering what importance or interest does my exercise routine have for you, in itself not much. However the process you may find worthy of note.
I am one of those exercise buffs that enjoys the whole process. I always don my headsets and stream a well-designed arrangement of music that complements the sometimes-monotonous pace of an extended walk. The setting has to be right. Today was no different; I created the best environment possible under the circumstances, to achieve my goal….. However it wasn’t working well today. Each step was arduous, I was loosing focus with the same stomach issues that have been persistent recently and the temperature was starting to get my attention. When I looked up in the direction of the end of the walk a swell of anxiety hit me, that maybe I had made a mistake today in setting out, and that possibly I may have to get some help to get home.
Years ago I learned a technique in athletic training that I have applied in my business and personal life on numerous occasions. I call it the One Step First Approach. Today I had to remind myself that this was just the day to implement this method. It is simple, when a task is difficult, like my walk today; I began to focus on each step that I was taking and not on the end of the walk. I would not look up and tried to meld the music with the step. It worked again; I was home in record time and the feeling of sickness and tiredness dissipated with each step.
Would you believe that I have applied this method to my real estate business? The frustration of completing transactions in today’s distressed market would be overwhelming if you did not focus on efficiently completing each step at a time, supporting a successful transaction and a providing a satisfied client.
Tags: balance, beliefs, efficiency, las vegas, market, opinions, Personal Development, real estate, selling homes
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July 15th, 2011 by Christina Yeakel
Here I go again, expecting those around me to live up to my standards. I just don’t understand why my friends and family so often let me down by not acting the way I want them to. What a disappointment! Why are they not more like me! Think like me!
Of course I am being a “little” over dramatic. But the truth of the matter is, we all from time to time are disappointed in those closest to us. Sometimes we are surprised by their reaction, or what we may consider as an over reaction, to our “choice” words of encouragement or misguided suggestions. It is these times that task our abilities of patience and finesse, particularly when we know that all misunderstandings could have been prevented if we had not projected our point of view on the situation and others.
In business, misguided points of view or expectations are what is responsible for more business failures than anything else. False projections on the worth of a business; sales projections that were never achievable; contractual promises that were unrealistic are examples of expectations gone awry. Many times the foundation of these failures rests in a concept of our own worth and achievement, or the ungrounded potential of the business’s ability to excel in other than a perfect market condition.
Let me bring this a little closer to what I experience in the real estate market. I find more often than not that buyer and seller’s expectations are what cause the inability to bring a sale transaction to a satisfactory completion. Sometimes our expectation of the worth of a property may far exceed the reality of the comparable sales. Sellers sometimes feel that all potential buyers should be as credit worthy as they are; after all they acquired the property when values were elevated and dutifully made their mortgage payments on a debt that now exceeds the worth of the property. Buyers believe that no matter what the listing price, it far exceeds the value of the property, and their expectations of depreciating home values are corroborated daily by the media.
Expectations are what keep me in business. A buyer or seller will have his or her own perception, wrong or otherwise, of how their sale or buy transaction will be consummated. The Realtor lives in a world of melding the expectations of both parties and bringing them to a level where both can be comfortable in the outcome. It is a challenge! I love my business!
Tags: balance, beliefs, buyers, dreams, las vegas, market, Personal Development, real estate, sellers, trends
Posted in Las Vegas Home Sales, Personal Development | No Comments »
May 10th, 2011 by Christina Yeakel
More than ever in my life I have been challenged to remain well grounded. This is not intended to be a confession but a declaration of fact about the world that surrounds me. So many of my friends and business acquaintances have expressed that the challenges of family, work and finances are overwhelming. From a macro standpoint, the challenges of our Country and World, which are propelled into our view daily, seem unsolvable to the ordinary citizen that struggles with their own compelling issues. Here in Las Vegas, the housing market, for the last four years has been, almost singularly, the reason for the escalation of our stress levels. Short sales, foreclosures, bank owned properties, property abandonment, are terms that have reached a level of familiarity and represent the dramatic changes in the market conditions and the built-in stresses for the buyer, seller and service providers.
I promise to keep this newsletter helpful and upbeat. I have come to the conclusion long ago that I have no control over what is beyond my abilities to change. Simple approaches provide best solutions. This was reinforced recently from a well-trusted client that had gone through many family difficulties and had experienced severe financial set backs at the same time. They came through not unscathed, but emerged with their family and finances intact. They also gained constructive life lessons that were an example for others to emulate. As I said, the process was simple: they learned to refocus and trust. They chose to seek what was positive and good in their lives and not dwell on negative and unmanageable events. Similar to the old adage of dwelling on the one half glass filled. It is a process they approached with sincerity and resolve. They achieved it only by introducing the most important factor. Trust in a higher power that will provide inspiration; trust in themselves and their ability to overcome adversity; and, trust in their family and friends who surround them with their love and support… More meaningful life experiences that need to be told.
Tags: balance, beliefs, economy, foreclosure, las vegas, market, opinions, Personal Development, real estate, short sales, trends
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March 10th, 2011 by Christina Yeakel
It was only 16 years ago that I relocated to the Las Vegas area. I feel like a native resident that has experienced a lifetime of changes to their once quaint town. The fluctuations in the real estate market have gone full circle. In 1995 we saw nominal appreciation with reasonable value to entice the newcomer. Just a few years forward in time the frenzy had started with values soaring to unsustainable highs, auction sales and the introduction of a new buyer to this community, the speculative investor. Today, the interesting fact that supports my premise is that we are now at median home pricing below the 1995 values, with still depreciating values in some areas. Where have the opportunists gone? Most of them have left the area through property abandonment, foreclosure or bankruptcy proceedings. Unfortunately many well-intentioned buyers have been left holding the proverbial real estate bag with little recourse, but they are attempting to hold onto the dream that once was to provide both a lifetime shelter and a lucrative retirement investment.
The real estate picture to some is bleak; to others it once again presents opportunity. Investment perspective, insensitivity to risk aversion, and timing influence our real estate decisions today more than ever. No one can afford to make an ill-conceived financial move of this magnitude. The ability to recover from poor decisions may take a lifetime, or for some will never be achieved. Now more than ever, the perspectives of those who have experienced the ups and downs of this outrageous market are invaluable.
When I began writing this article my intent was not to commercialize the services of the Realtor. However, I have seen over the years that people who have been successful in business and investments surround themselves with those that they trust and have the expertise to provide constructive, objective and knowledgeable advice. It is no different if your intentions are to sell, buy, or even rent property in today’s market. Take advantage of the know-how that is available to you, even if you believe that an individual situation is beyond the abilities of the real estate professional. Keep in mind that they also surround themselves with the best available experts that support the industry and are available to facilitate and most importantly “make clear” your decision path.
Tags: agents, beliefs, buyers, buying homes, downward market, economy, foreclosure, las vegas, market, opinions, real estate, realtors, sellers, selling homes, trends
Posted in Las Vegas Foreclosures, Las Vegas Home Sales | No Comments »
November 9th, 2010 by Karlee Connelly
In the Las Vegas real estate market, there are ups and downs, smiles and frowns. One thing I’ve learned about real estate is that the ones who truly care about the business and their clients are the ones who stick through it. Fortunately, I am lucky enough to have the opportunity to work with a group of very level headed, dedicated and caring agents who make the everyday effort to make sure each of their client’s transactions go as smoothly as possible. It’s a good feeling knowing that people you work with and look up to care about helping families as much as I do. It gives me hope that even though Las Vegas is going through some tough times, it seems as though the strong will get stronger and we will get through it. Hats off to the agents in Las Vegas who are in still in the business to help people and their families.
Tags: balance, beliefs, las vegas, Personal Development, sellers
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