Realtors: In the Bay Area, there is a coming pandemic of people moving out due to WFH |
- In the Bay Area, there is a coming pandemic of people moving out due to WFH
- Referring a client when there's an appointment set. Help?
- Anyone actually enrolled in KW, or NAR/CAR health plans?
- getting sponsored...
- Should buyer agent review inspection report and advise?
- Should I get a bachelors degree in RE?
- Buying a house that's owned by a licensed Realtor. What do I need to know? (I'm not a realtor)
- Is it true that the MLS is the only thing keeping NAR and Agents in business?
| In the Bay Area, there is a coming pandemic of people moving out due to WFH Posted: 21 May 2020 05:18 PM PDT I know like 100 or so bay area techies with 200K+ salaries who are basically ALL working from home. Their companies are cancelling their commercial leases and allowing them to basically work from anywhere they like around the globe. They threaten salary cuts but the truth of the matter is that the smart CEOs already know how to manage remote and worker performance with their agile/scrum daily meets and so on. It looks like all the techies are moving out in the next year to 5 years. This is the weirdest phenomenom to happen in this area. Would you guys know how to calculate the housing price decline? Is there a place to see demographics of buyers/renters in my area and some formula to see housing price decline in the Bay Area from techies going to say Thailand or Colorado to work remote? I mean this is a big deal for Bay Area realtors. I feel like there is some money to be made here. Based on BLS: I am estimating techies to make up only 10% of the workforce - 20% if you also include hardware, but they also seem to be more aggressive (mid-end renters to multiple home-buyers) [link] [comments] |
| Referring a client when there's an appointment set. Help? Posted: 22 May 2020 11:46 AM PDT Hi reddit realtors, I had a prospect call me a few days ago who found me on the internet through a google search. She lives about an hour away and we had a conversation that was pleasant about her and her husband wanting a retirement home in my town. We set an appointment to meet and basically do a consultation Saturday (tomorrow). Her husband then called yesterday with a list of three houses they want to see. They are all priced between 30-50K and are EXTREME fixers. I know that they're in their 70's. He mentioned they are just "dipping their toes in the water" and also that they're not contractors or anything. I told him these houses will need a LOT of work before they're livable which didn't dissuade him. He said he just wants to see. I really really don't want them as clients. I've been having daily anxiety attacks about covid and these would be the first new clients since I've been staying at home. I also don't particularly want to work with buyers anymore and would rather just list (which I'm doing well with). I also don't feel like they're very serious/smart about what they need. I wish I'd known more about what they wanted before agreeing to meet. Also, in my experience, the buyers scraping the bottom of price point are the most demanding and difficult. So, to make a long story short: Is there a way I can cancel/refer them when I've already gotten this far without pissing them off? Verbiage would be helpful. [link] [comments] |
| Anyone actually enrolled in KW, or NAR/CAR health plans? Posted: 22 May 2020 01:21 AM PDT |
| Posted: 21 May 2020 06:30 PM PDT So a few months ago I signed up for a Real Estate Broker course to get my license. [I'm supposed to take the state exam whenever they re-open testing centers again.] HOWEVER, when I decided to get the license, I didn't know that I would have to be "employed" under a sponsoring broker the entire time I held the license!!!! This is something I learned in the course. I was under the impression that I could earn my license, pay my yearly fees, and just keep the license in my pocket to use whenever I wanted. My intention was to have the license to be able to buy and flip houses on my own - without involving extra middlemen in the process. (I also thought I could use the license once in a while to help a friend buy to sell a home) But it was never my intention to make real estate my main source of income!!!! I considered it just another certification I thought it wouldn't hurt to have... So now I have the dilemma of not knowing how to go about getting sponsored, and if there exist any sponsoring brokers that want to hire an agent like me... AKA people that only want to use their license once in a while. Can anyone relate? Also, does it even make sense to maintain a license for this purpose? the commission savings might be less than the annual fees... [link] [comments] |
| Should buyer agent review inspection report and advise? Posted: 21 May 2020 09:30 PM PDT Looking at existing 25 year old house. Have fresh inspection report with multiple issues. Some to me seem significant but I don't know this stuff. Should our agent be expected to review with us and advise on what seller should fix, what can get cost break for, what to not worry about? Also who would arrange roof or window specialist? Thanks. [link] [comments] |
| Should I get a bachelors degree in RE? Posted: 21 May 2020 10:43 PM PDT Hello! I am 17, headed to college in the fall. If I wanted to pursue corporate/commercial brokerage or investing, would it be wise to major in Real Estate? I would still be in the business school overall, with a concentration in RE. I understand that I would have to start at the bottom when I graduate from college. I imagined that since I have a 4 year education in RE, I would stand out compared to those who have a license. Please help me — I don't have any knowledge in RE. In short, would obtaining a degree (Real Estate Major) land me a stable job after college since I have a ~degree~? Would it best prepare me to became a commercial investor? [link] [comments] |
| Buying a house that's owned by a licensed Realtor. What do I need to know? (I'm not a realtor) Posted: 21 May 2020 04:17 PM PDT I saw a listing for a house that I am very interested in seeing (to hopefully purchase). The listing says it's owned by a licensed realtor, and it's "brokers/agents protected". When looking for someone to represent me, would I be better off using someone from their office, or someone from a completely different company? Is there any benefit or drawback to me dealing directly the owner? I do have a realtor in the area I live in now and will use her as a seller's agent. Would it be good for me ask her to represent me in an area where she's not familiar? Thank you in advance for any advice or insight you can give. [link] [comments] |
| Is it true that the MLS is the only thing keeping NAR and Agents in business? Posted: 21 May 2020 04:38 PM PDT I am just kind of curious as I hear this a lot. [link] [comments] |
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