Karen Ramsey

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Karen Ramsey www.Quimsey.com I agree with Matt. There are many loopholes in our contracts that protect buyers and can legitamately get a buyer out of a contract without penalty, but I don't recal there being one for buyer's remorse! There really needs to be more protection for sellers without having to go through the expense and hassles of a legal process to hold buyers accountable.

"...we sold too many homes for way to high a price"? I have a few comments on that. First off, the seller's market evolved from simple supply and demand. Maybe some agents made buckets of money, but in my area, there were very too few homes to go around to support the number of agents in our association for agents to benefit from the boom. Sellers were the one's to benefit most and if you bought then, you probably sold then too so it's all pretty relative. Secondly, it is the seller who dictates price, not the realtor. How many of you agents set the price during the boom? And how many buyer's were so frantic that they were willing to outbid the other guy to get the house? I can remember an appraiser saying to me one time, "Who am I to say the house is not worth xxx if there were nine offers for more that the asking price?" I think it's time that consumers take some responsibility for the market conditions as well. It was a perfect storm with too many factors to blame just one, two or even three entities. I agree on the triple wammee for agents and foreclosure. I was personally affected by foreclosure and I know too MANY agents who are as well. I finally gave up after two years of trying to sell a house worth $200k less than I owed. The bank finally sold it for $280k, less than I owed after almost three total years on the market. Top producers cannot get their homes sold and are either doing short sales or losing them to foreclosure. Did we forecast this? Not at least to this magnitude. I don't know about you, but one of the first things I learned in real estate is to always point out the good. There are some killer deals to be had for your buyers. When did it become common place for realtors to tell everyone how bad it is? All we are doing is adding fuel to the fire when we could be helping turn things around.

Newcomer is more than just another networking site - - I too am biased and would like to vote for my new website, www.Quimsey.com, the complete networking and resource link for industry professionals. Quimsey is a one stop shop, so to speak, in that it has everything Realtors and industry professionals need to network and find one another. There are several social networking platforms and a very well organized index of industry related professionals with a direct link to those members' websites. We also offer news links, advertising for listings, podcasts, classifieds, free virtual tour listings, and so much more. Quimsey.com has been described by one industry professional as the "newcomer to make an impact in real estate."