Realtors: Are there any young people who were financially independent when they started real estate? |
- Are there any young people who were financially independent when they started real estate?
- A buyer client fired me
- About to finish online pre-license training well before the 60 hour course time frame. Do I just have to wait it out?
- Case study examples: looking for your advice!
- Closing tomorrow morning and my lender just informed my client that their closing costs will be $2k more than originally thought, who’s fault is this?
- Some concerns about a team
- Buyer betrayal. Has this happened to you?
- Paid internet Leads
- Anyone have luck with The Red X for lead generation?
- Does buyer need to disclose if they are an agent if they are not representing themselves?
- Vent
- Fees Breakdown - House Selling & Buying
- Do any of you guys experience cellphone addiction?
- Has anyone networked by simply having a dog?
- Commission % in CT
| Are there any young people who were financially independent when they started real estate? Posted: 16 Jun 2020 10:14 AM PDT That's the situation i find myself in. Im in the process of getting my license, but I feel I have certain challenges both being young and being independent and not having anybody else to rely on while I start out. Id love to chat with somebody who has been in this position. [link] [comments] |
| Posted: 15 Jun 2020 11:43 PM PDT And oooh lordy I could not be more grateful! I am known for helping first time buyers and coaching them through with their unfamiliarity with the system but this guy was on another level. The first indicator should've been when he got SO PISSED at the first lender for running a hard check on his credit, after he consented and signed for it, because "no one should ever require a hard check and I will provide my own credit report from my bank." He was a VA buyer so no down payment but he was unwilling to even offer an EMD because "his word should be good enough." He yelled at me and the lender, accusing us of not "shopping around enough" for a cheaper appraisal. Like I have ANY control over that. He was approved for a very low amount, less than what 90% of homes go for around me. I'm fine with this I work low sales prices all the time, (if you have any tips for branching out, let me know!) but he intially contacted me wanting a condo, which would've been very doable, until he decided he wanted a house. Which was okay until he expressed interest in 3 homes that were either only shown with an accepted offer due to tenants, or so damaged they could never pass appraisal. At that point he said he was going to go another direction. I have been very relieved since being able to get rid of these extremely unrealistic expectations, but I do hope he finds what he needs. He's not a bad guy, just horribly misguided and unwilling to hear recommendations that are truly for his own good. [link] [comments] |
| Posted: 16 Jun 2020 11:16 AM PDT Washington state using realestateexpress.com if that matters. I am about to take the final course exam and have logged 35 hours out of the 60. Will the course just make me review material, or will I be able to move on? [link] [comments] |
| Case study examples: looking for your advice! Posted: 16 Jun 2020 12:21 PM PDT Hello! I'm in the real estate game and am looking for advice from some pros in the space. Does anyone have examples of:
that show examples of how agents built out their businesses, stories about how businesses grew (Compass?) or about startups that successfully created products for agents? My market is really slow with COVID. My hope on this COVID downturn is to read as many success stories in possible in real estate, and then distill down commonalities across these stories to learn. I can come back and post what those commonalities are across the learnings! Thanks in advance! [link] [comments] |
| Posted: 15 Jun 2020 04:42 PM PDT Hi everybody. I'm a newer agent and this is my 3rd transaction. I work with one preferred loan officer because she is extremely thorough with new clients and is very personable. I'm obviously still learning with every deal and am still wrapping my head around what to expect from her and closing attorney . My clients texted me over the weekend concerned that they haven't received their CD yet and finally got their numbers this morning. About 30 minutes ago I received a call from my loan officer and she gave me a heads up that she just told the clients their closing costs were going to be $2K more than originally thought and it's because of taxes. She basically blamed this on the closing attorney, but because I'm so green I can't tell if it is actually the closing attorneys fault or not. While I like this lender, if she isn't as thorough as I thought I'm going to consider using another. Here is the email she sent my clients explaining this situation: "The closing attorney just reached out to me to correct a mistake regarding the property taxes for your new home. It appears the initial tax information they provided was incorrect. The City of [removed] issues 2 bills per year. The first bill is now due in the amount of $3,225.01 and will be collected at closing from seller. The 2nd installment is not yet available but we need to make sure you guys have enough in escrow to cover the bill when it becomes due. Please see attached your revised Closing Disclosure. The final amount needed to close came out to $18,451.80 and your monthly payment will be $2,085.04. Each year the servicer of your mortgage will do an escrow analysis to update the amount collected monthly. At that time, you will receive a check back for any overage. My apologies for this inconvenience. Let me know if you have any questions!" Does this sound like it is actually the closing attorneys fault or is this something the loan officer should have been on top of? It concerns me because my client was having pre closing jitters over the weekend and voiced concern over "paying more than expected" at closing and now just that is happening. Thanks in advance for any advice. [link] [comments] |
| Posted: 16 Jun 2020 09:41 AM PDT Hi guys! I am preparing to be a new Realtor after COVID passes, but I am currently researching some real estate teams. I know a guy who has his own team under Compass, but there are some concerns that I would like to discuss. Are these red flags? Should I find a better team?
Thank you! [link] [comments] |
| Buyer betrayal. Has this happened to you? Posted: 15 Jun 2020 07:13 PM PDT I've been in the industry about a year, and I'm working hard on outreach and marketing. I've sent emails, referred buyers to lenders, sent cards, custom cookies, you name it. One particular buyer kept in contact with me, and said she'd reach out when she was ready to purchase. I just saw on Instagram that she has a pending offer on a home, and I was NOT her agent. Am I missing something? How can I prevent this in the future? Are my outreach efforts lacking? [link] [comments] |
| Posted: 15 Jun 2020 09:26 PM PDT Hello everyone, I am about to get my license and was wondering what the experience was with purchasing internet leads from Zillow, Trulia, Realtor.com etc. Also, what is the cost per lead typically? -Northern CA [link] [comments] |
| Anyone have luck with The Red X for lead generation? Posted: 15 Jun 2020 09:19 PM PDT Also, if so, do you need to buy the auto-dialer to make it worthwhile? [link] [comments] |
| Does buyer need to disclose if they are an agent if they are not representing themselves? Posted: 15 Jun 2020 08:54 PM PDT Hi. Question: If a buyer is a licensed real estate agent, but they hire another agent from a different firm to represent them on their offer (all same state). Do they need to disclose that the buyer is a licensed agent? Obviously we know from a seller's standpoint, that even if the seller is not representing themselves, the agent they hired still needs to disclose to other agent's that the seller hold a real estate license. Would these be true vice versa? [link] [comments] |
| Posted: 15 Jun 2020 05:47 PM PDT So i became an agent in February 2020. I was super excited and doing all the right things like attending open houses, socializing, advertising etc and in less than 30 days, everything got shut down due to COVID-19. My aim was to close 1 deal every month ( I know I was punishing myself but I knew i had what it takes to get it done ). But so far i am down almost a thousand dollars in advertising. Got over 200 online leads and none of them are converting. My biggest frustration is I got serious buyers but they don't qualify for the mortgage. So far i am 4 months in and I haven't closed any deal. I am trying to be very patient but this is really frustrating and honestly it is just breaking my morale. Not sure if i am doing something wrong here or it is the Covid-19 situation itself. Regardless of my situation, I am very thankful to this community. I learned million things here that otherwise I would have never learned. A BIG THANK YOU to all of you. [link] [comments] |
| Fees Breakdown - House Selling & Buying Posted: 15 Jun 2020 03:21 PM PDT Can anyone here provide a breakdown fees involved in buying and selling a house? Fees on top of the value of the house or fees that are directly associated to the value of the house (percentages)? I heard buyer and seller both owe different fees in the whole transaction. Anyone recommendation for reading material to learn this? State: Texas Thanks. [link] [comments] |
| Do any of you guys experience cellphone addiction? Posted: 15 Jun 2020 02:27 PM PDT Wondering if any of my fellow realtors have a hard time leaving their phone alone. I catch myself looking at my phone way too often just to see if I have any notifications, especially when business is good. I'm not even really expecting anything, just can't stop checking it. Another thing is always having to bring my phone everywhere I go, just in fear of missing a call or something. It's my 3rd year in real estate, and I'm kind of just realizing now that this is affecting me. Just looking to see if anyone has the same problem and if you have any tips! Cheers [link] [comments] |
| Has anyone networked by simply having a dog? Posted: 15 Jun 2020 07:32 PM PDT I'm in the 6th year of real estate and have a couple lead systems - one is a website my business partner and I built and the other is a young professionals group I started. I've noticed how much higher the conversion to business is with people that I meet and build friendships with vs just the people that read our blog posts. That face to face action and relationship building is a recipe for referrals as well. I've been considering getting a dog and was brainstorming all the pros and cons. I like to go out and get my steps in but usually just put my headphones in and ignore everyone. I'd imagine having a dog would open up a lot of conversations and possibilities. This is especially true since my city is super dog friendly with dog parks, walking areas and sidewalk seating at pretty much all bars and restaurants. e Anyways can anyone confirm that owning a dog has made them more social and opened some opportunities up? Thanks. [link] [comments] |
| Posted: 15 Jun 2020 02:06 PM PDT Hi all, anyone know what's typical in Fairfield County, specifically Wilton area? 5%, 6? I know it varies, but what's most common and what do the larger brokerages typically charge? [link] [comments] |
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