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    Sunday, April 26, 2020

    Realtors: Limiting # of people at showings?

    Realtors: Limiting # of people at showings?


    Limiting # of people at showings?

    Posted: 26 Apr 2020 12:21 PM PDT

    I have some buyers with sizable families. One came as a party of 5, 3 adults and 2 minors. Have another group of 5 (2A3M) getting their preapproval and want to view starting this week.

    How should I/do you tell the clients gently to not come as such a large number without losing their business? I'm trying to cap it to 2 adults hard 3, no children until post-offer acceptance.

    Am I being unreasonable? Are there sources I can cite that specify how many people should be able to be in a home? Or should I do groups, one sits in the car and rotate? Is that practical or am I being absurd?

    I just lost a (non-household) family member last week to covid. I wear my equipment, and have purchased masks, gloves and hand sanitizer for client use.

    submitted by /u/JSJudd
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    Dear realtors: how do I incentivize my agent to price conservatively (at or just above market) instead of trying to price for a quick sell?

    Posted: 25 Apr 2020 06:06 PM PDT

    I'm not here to bash realtors, but my wife and I are wondering how to incentivize our realtor to get the last extra 10-20k out of our home instead of pricing for a quick turnaround.

    We've worked with this realtor before, we like him and have a personal relationship, but we feel that we got pressured into a low sell price. The house sold the first day on the market.

    The total commission on 20k is only $600. That seems paltry, but makes a gigantic difference to us and our plans.

    What's your advice?

    submitted by /u/coordinatedflight
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    Advice

    Posted: 26 Apr 2020 07:41 AM PDT

    Hey guys I'm super interested in becoming a real estate agent. With my free time during this quarantine I'd like to get my real estate license. Do you guys have any suggestions for any online schools or resources?

    submitted by /u/avatarherb
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    Client wants to sell her property turn key, including furniture, paintings, decorations. What should she do with the decorations that she wants to take to her new home?

    Posted: 26 Apr 2020 12:01 AM PDT

    She has all but moved out. Her house was professionally decorated, and it's very beautiful with the way everything is decorated/set up. She is going to include most of the things that are remaining in the sale, however she still has a few things there that she believes makes the presentation better, but that she won't be selling with the house.

    Should she keep the items in the house for a better presentation, or should she take everything with her that will not be included with the house?

    What would be the prevailing advice for this situation?

    submitted by /u/Estate4reaL
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    What is the average sales price/list price that you see?

    Posted: 25 Apr 2020 08:38 PM PDT

    In my market, at least, when I do comps, I always look at the sales price/list price ratio.

    That is on average, what percentage of the asking price do homes typically end up selling for.

    And invariably, no matter the neighborhood, nor the price range of the home or other factors, it is always on average 98%. It's like clockwork. And that's really interesting to me.

    Does any other real estate agents notice this ratio being constant too, regardless of neighborhood, age, size, price, etc?

    And if you have a different average sales price/list price ratio in your market, what is it?

    submitted by /u/ChewbaccasStylist
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    Keys and moving out

    Posted: 25 Apr 2020 08:08 PM PDT

    So I currently have moved back home from college but I am still paying my rent at my place in college. I told my realtor that I moved out & she said they keys arent due till July 23rd. I need to go back to college & would like to stay at my place for a few days. I am curious do you believe that they changed my lock on my door already even though I didn't break my lease? I am not tying to drive 5 hours there just to find that out. Reason why I can't ask them is because their office don't open till Tuesday and I'm leaving tomorrow or Monday.

    submitted by /u/jdixjdix
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    A question about closing credits - california

    Posted: 25 Apr 2020 07:39 PM PDT

    I am putting an offer an a hime with a list price of $410k. I am writing an offer. I am offering 400, and want to have the seller cover closing costs. I also want 10k to use for cosmetic improvements on the property. What is the cleanest way to do this that would be agreeable to the bank? Assuming the seller agrees.

    Thanks foe any advice you might give.

    submitted by /u/angelpuncher
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    SBA loan forgiveness

    Posted: 25 Apr 2020 01:36 PM PDT

    Hey guys! Not for me but my hubby! He is a realtor who applied and was reserved funding for the SBA loan. The company he works for partnered with a small local bank to apply through. The ceo of said bank sent a video to my hubby's company and said one way to make the loan forgivable was to get the loan sent into 1 account and then just transfer it out to another account and say that's your payroll?

    How accurate does this sound? I know you have to provide like 8 weeks of receipts of how you used the funds..but if you just transfer it out of the account then that's it? Thanks everyone let me know your thoughts

    submitted by /u/242576k
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    Brokers - What are some sources of revenue for your brokerage, besides monthly fees and splits from agents?

    Posted: 25 Apr 2020 01:39 PM PDT

    If any non-brokers have unique ways that their brokerage adds to their bottom line, I'd love to hear those too!

    submitted by /u/zooch76
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