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When the going gets tough…Margaret Fletcher!

(Written by Olivier Monod, President/CEO of “WEICHERT, REALTORS® - Anchor” on June 26, 2007)

It is a surprise for no one to hear that the real estate market has known better times. In the last two years, our coastal Realtors’ Association has registered a decrease in membership of 22% from a peak of 495 members to 387 as of 6/25/07.

On another, yet related register, anyone who has done business in Indian Pass and Cape San Blas in the1990s and through 2005 knows Margaret Fletcher. Her knowledge of the area, her insights into the local real estate market, her unquestionable honesty, and her dedication to her clients have rightfully placed her for many years at the top of her peers on Cape San Blas.

Like George Washington at the peak of his might, like Lance Armstrong at the apex of his career, Margaret left our industry when the market was at its best. She moved to Vernon, Florida, but has kept her license active with our company uninterruptedly. When she moved, Margaret, very kindly, told me, “I’ll be happy to help if you ever need me.”

A lot of people may have said that, but, with months and years passing by, would have found excuses and reasons not to actually do it. Well, in Margaret’s case, I called her on Friday, June 15th at dinner time. Her immediate reply was: “When do you need me?” On Thursday, June 21st, she was in Gulf County, ready to help clients the next day at the Cape San Blas office.

For a while, you will see Margaret at the “WEICHERT, REALTORS® – Anchor” Cape San Blas office on Fridays and Saturdays.

Here is where Margaret will bring immense value to the table to clients and company alike:

  • She has been in real estate at the Cape through good and bad times. Her experience and professionalism will succeed in helping clients, where most others could not.
  • She brings with her, in addition to experience, a fresh look at a market which has not yet recovered. She may, single-handedly, accelerate the recovery in advising her clients to take the right move at the right time, both buyers and sellers.

I will close by quoting a conversation I had last summer with Jim Weichert, founder and CEO of Weichert Realtors, the largest privately owned real estate brokerage company in the U.S. (Jim and his wife own 100% of the stock in this debt-free company which sold over $70 billion worth of real estate last year). In context, I was speaking with Jim about franchising with his company (i.e., “he was selling me something”). I told him about our lousy market and asked him for his advice. His answer came clear and succinct: “There are no bad markets, just bad Realtors.”

Abrupt when first received, this answer is a monument of wisdom:  real estate must be purchased and sold – it happens every day and everywhere in the free world.  What is not normal is for the market to stop.  It stops when buyers and sellers are maintained in expectations so remote from one another’s, that no compromise, no meeting of the minds occurs.  With little to no activity, we know where the market is not: buyers now expect all prices to be close-out prices, and sellers believe that yesterday’s prices are still today’s prices.  What good Realtors must achieve, is to soundly counsel buyers and sellers on how to approach this new market, then transactions will naturally resume. 

Among many other reasons, it is because I believe in this “buck-stops-here” practical ways of Weichert that I signed up as a franchisee for ten years. And today, it is because I have known and worked with Margaret Fletcher for well over fifteen years that I am convinced that her presence back at the Cape will make a difference.

 

Contact:

Margaret Fletcher, GRI
WEICHERT, REALTORS®– Anchor
4693 Cape San Blas Road
Cape San Blas, FL 32456
Office: 850-229-2500
Cell: 850-527-6517
Email: margaretf@AnchorFL.com

Posted by: Olivier Monod
Posted: 6/28/2007

 
Olivier Monod
Olivier Monod
Contact Olivier :
Email: olivier@anchorfl.com
Office (local): 850.927.4000
Office (toll free): 800.525.4793

Olivier Monod first visited the "Forgotten Coast" in 1981 and relocated permanently in 1988, joining Anchor Realty & Mortgage Co. as a real estate sales associate. He became Anchor Realty & Mortgage Co.’s broker and president in June 1990, overseeing three real estate associates and one employee in the single office on St. George Island.

Through Olivier’s vision and under his leadership, Anchor Realty & Mortgage Co. did grow to multiple offices, located along 85 miles of the "Forgotten Coast" and north to Tallahassee. With up to 80 real estate associates at the peak of the real estate boom, Anchor Realty & Mortgage Co. posted sales of $235,932,037 in 2004.

During the same years, Olivier oversaw the development of Anchor Vacation Properties, Inc.; a company that managed and rented over 400 beach houses. The Gulf County Division was sold in 2005 to Pristine Properties, Inc., and the Franklin County Division was sold in 2006 to an unrelated entity, named Anchor Vacations LLC (this last entity ended up filing Chapter 7 bankruptcy in 2008).

In 2001, Olivier earned his designation as Commercial Real Estate specialist: CCIM (see ccim.com) - a testimony to his experience, track-record and knowledge in the field of commercial real estate.

The drastic downturn in the Forgotten Coast real estate sales did force Anchor Realty & Mortgage Co. to downsize, going from eleven to three offices. Many Realtors had to find other jobs and eventually left the profession. Olivier was left with a small core of experienced veterans, whose loyalty to his leadership was only matched by their in-depth understanding of the market.

In 2010, it became obvious that a new business concept was needed. Real estate, like the rest of the world, had changed. In the 1980s, when Olivier started in the profession, sales contracts were just a few words on a letter-size page; they have morphed with time to six or more legal size pages. When he started, there was no Multiple Listing Service on the island; now, the listing inventory is available online. The number and size of offices is no longer a determining factor, but rather the ability to provide quick and professional service in the medium chosen by clients: internet, email, telephone or in-person. This new reality brought about a fresh start as the broker of a new company: Anchor Realty of St. George Island, Inc.

Olivier and his team have developed or sold many planned communities, including Gramercy Plantation, a 400-acre, low density, private community, with retail and residential areas in a high-end low density planned neighborhood. Gramercy Plantation was executed carefully to preserve the character and spirit of the area through dedicating substantial acreage to conservation and common grounds. The 110 home sites are scattered on minimum one-acre sites throughout the development.

Olivier, who grew up in Paris, first visited the U.S. in 1975 on a high school graduation trip; he fell in love with our country after touring from New York to San Francisco in a Greyhound bus. He subsequently moved to Florida and became a U.S. citizen in the 1990s.

A community leader, Olivier shows a keen interest in education and culture for our children through sponsorship of the ABC school (his two children attend this local public school), and classical music programs for high-schoolers. Olivier and his family make their home in historic Apalachicola, in the Forgotten Coast.


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