Realtors: I've lost over $60,000 in commissions in the last two weeks. |
- I've lost over $60,000 in commissions in the last two weeks.
- Settlement Gift for a Non-Drinking Client in the MMJ Field
- How to choose your first real estate broker (to work for)
- Update: Buyer assistance programs have been suspended and federal loans have raised the credit requirement
- Pros and cons to buying or selling residential real estate with our country’s current state of affairs?
- Ouch
- Agents that don’t leave feedback when asked, why?
- Now might be a great time to target FSBOs
- We created a Coronavirus channel in r/Realtors' discord server
- Advice Needed - which realtor to use?
- Coronavirus Stimilus: So are we getting $600 a week now?
- As a buyer, can I save money on a realtor?
| I've lost over $60,000 in commissions in the last two weeks. Posted: 27 Mar 2020 07:54 AM PDT My market was super hot so these would have been gone during the first weekend. 1.1 million listing, 839k listing, and 900k buy-side. I just needed somewhere to post this anonymously so I don't look like an asshole on social media but this hurts. losing a lot of sleep over it. Buckle up boys and girls this is going to be a nightmare for the next 3 years. [link] [comments] |
| Settlement Gift for a Non-Drinking Client in the MMJ Field Posted: 27 Mar 2020 10:01 AM PDT Hey gang- I know we're in weird times, but I'm facing a tiny issue where I could appreciate some input. I have an upcoming closing (knock on wood- thanks Corona) and wanted to get my fantastic client a closing gift. He works in the Medical Marijuana industry. I typically go with a nice bottle of Champagne, but I know he's not a drinker and is an avid "cannabis-enthusiast" (all legal and above-board, mind you). We were friends prior to the transaction and I expect to be after, too. Is it unprofessional for me to get him a gift of some cannabis paraphernalia? Something he'd actually use and appreciate. I know this isn't exactly conventional, especially where I am (East Coast). Thoughts? Appreciate your input! [link] [comments] |
| How to choose your first real estate broker (to work for) Posted: 27 Mar 2020 02:21 PM PDT |
| Posted: 27 Mar 2020 02:13 PM PDT Just got off a zoom call with lenders here in the Sacramento area and I have just been informed of an update that occurred just hours ago: Specialty loans such as Cal HFA and ITIN loans have been suspended. VA (suprisingly) and FHA have raised their credit requirements to 660. Conventional is doing well. From what the lenders discussed, the requirements change as a last resort before they start suspending. No official statement yet, but lender partners seemed to have received an email. Good luck agents. [link] [comments] |
| Posted: 27 Mar 2020 01:36 PM PDT Hello all! Agent here. I've been getting this question quite a bit from clients and prospective clients, and was hoping for some insight. While I have a list of a few statements that I think are effective, I was curious as to what you are expressing to your clients? I want to be honest, intelligent, and convey expertise, but in these uncertain times consumer confidence is a little shaken. Any and all help is appreciated!! Thanks in advance, good luck, and stay healthy!! [link] [comments] |
| Posted: 27 Mar 2020 01:27 PM PDT An agent I know got a phone call to take a referral. Turns out the referral was this agent's past client that she assumed she had a good bond with. [link] [comments] |
| Agents that don’t leave feedback when asked, why? Posted: 26 Mar 2020 07:39 PM PDT I specifically ask agents to leave feedback on my listings, and even after reaching out, cannot get a response. Why don't agents leave feedback when it's requested? [link] [comments] |
| Now might be a great time to target FSBOs Posted: 27 Mar 2020 10:47 AM PDT Just got off a zoom call with the office and we discussed a great area of opportunity—FSBOs. We can have the dialogue of hows everything going and demonstrate that in a public health crisis like this, we the professionals, are ready to adapt and overcome challenges in the market. Our access to a wide range of marketing could seriously help them a lot and also ensure the safety of their family—they won't have to worry so much about bringing strangers into the house. 3D photo tours, access to the MLS, everything could seriously help them right now. Anyways, just wanted to share...I'll definitely hit the phones hard today [link] [comments] |
| We created a Coronavirus channel in r/Realtors' discord server Posted: 26 Mar 2020 02:36 PM PDT Head over to the discord server for live discussion on the coronavirus and how it impacts your business. Share and learn tips and tricks to survive this. Invite link below. [link] [comments] |
| Advice Needed - which realtor to use? Posted: 27 Mar 2020 03:00 AM PDT My husband and I were looking to buy a house since Thanksgiving. We were using a realtor, we can call her Sally. Sally went with us to 3 listings, none of which worked out. Sally is also pregnant. Once the corona virus started becoming a major issue in the United States, Sally said she couldn't do anymore listings. We asked how things would move forward if we found a house we liked and we essentially got the run around on an answer from Sally. I told Sally we'd just play it by ear if we found something we liked. Now it's two days ago and we found a house we wanted to see. We weren't even sure if going and seeing a house in person was an option. We scheduled a tour through the Redfin app which automatically assigns you a realtor. Now we want to make an offer on this house and we aren't sure which realtor to use. Can anyone offer any advice? We don't wanna screw Sally over but wouldn't it be odd if we put in an offer on a house through a different real estate agent than the one who showed us the house? [link] [comments] |
| Coronavirus Stimilus: So are we getting $600 a week now? Posted: 26 Mar 2020 06:05 PM PDT |
| As a buyer, can I save money on a realtor? Posted: 26 Mar 2020 06:46 PM PDT My wife and I are looking at houses for $750k to $850k. It seems weird to me that with the internet and how easy home shopping has gotten, someone is making 2.5-3% of my house value when we buy. If we didn't need a realtor to actually go and look at a house that we thought we wanted to buy, I don't think I'd use one. My wife and I know exactly the type of house we want, and the exact neighborhood. I'm just waiting for the right house to come along. I understand that the buyers realtor fee is more-or-less "built into the price of the house", but at the end of the day, as a buyer, is there anything I could do to pay less / save money? [link] [comments] |
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