Realtors: Lost 3 potential listings because I refused to overprice it |
- Lost 3 potential listings because I refused to overprice it
- Which is better? Cold calling in bulk? Or doing the research before calling?
- Taking another overpriced listing like...
- Which Electronic Signature company do you use?
- Database for tracking clients
- Newer agent(27f) joining their mom(65f)in the business but personalities clash.
- How do you deal with a client who negotiate your commission?
- Buyer not giving us proof of funds
- Pending
- Agent(27f) joining their Mom(65f)in the business but personalities clash.
- Thinking about becoming a realtor in VA! Any advice?
- Coming soon listings? What is your opinion on doing this?
- my broker terminated me?
- What do you guys find is the best way to buy leads?
- How can I be sure that if I present another broker's listing to someone that they'll work with me?
- What is your CRM ?
- Better use of my time
- in Texas - realtor i'm working under wants me in office
- How do you qualify a buyer?
- Question about the exam
- Real Estate Coaching
- 1-10?
- Social Accounts for Agents/Brokers That Are GOOD and ENGAGING?
| Lost 3 potential listings because I refused to overprice it Posted: 09 Jul 2020 09:10 AM PDT Edited: I got a lot of advice and comments that I underpriced the listings and I should have a different approach to present the price and the method to talk to sellers. They are all great advices. I heard some before and its good to hear back again. All 3 of those listings was pre and during the Covid so I made the wrong judments on pricing and it was a tough lesson. Mistakes have been made so I will live and learn. I have 3 more coming up soon so I will try the different approach and hopefully I'll be succeed. hope to get some good advice. This is my 2nd year as a Realtor in TX. I know every situation is different but it has been very frustrating for the last 3 months which I lost 3 potential listings in a row. I have 2 listings in my first year when we were in a hot market and I agreed to list it high so I can get the experiment which was not pleasured at all. So 2nd year, I decide not to overprice so much to prevent any stress and unpleasant experiment to me and to my clients.
I understand there are other factors such as commission and personality but overprice a house, historically, has been proved to be a terrible decision. However, losing 3 deals because I didn't want to overprice it is something that I need to think about. I don't know what sucks more. Losing a potential paycheck or having to deal with an overpriced listings. [link] [comments] |
| Which is better? Cold calling in bulk? Or doing the research before calling? Posted: 09 Jul 2020 12:59 PM PDT Which would be more optimal from an opportunity cost perspective? If I could call in bulk, I have more reach, however, it doesn't feel genuine, and I know people hate receiving cold calls -- I see why people hate doing it. I feel like there's a better approach to lead generation if I focus on doing the research before calling, and actually provide value and suggestions to help the seller in the situation would this yield me better results? If 97% of cold calling doesn't lead to a sell, should I just avoid it altogether? TLDR Should I focus on quality or quantity when it comes to cold calling? [link] [comments] |
| Taking another overpriced listing like... Posted: 08 Jul 2020 05:16 PM PDT |
| Which Electronic Signature company do you use? Posted: 09 Jul 2020 11:58 AM PDT Dotloop, which is owned by Zillow, just announced a new privacy policy effective July 17th. Under the new policy, Dotloop can share information from our transactions with Zillow and other affiliates, for the purpose of giving them market intelligence on an aggregate level. Relevant excerpt: "We collect personal information directly from you during the account creation process and when you upload, create, sign, and complete documents using dotloop. This may include the information contained within your transaction documents." "We or these affiliates may use the information we collect for our internal purposes, for example, to understand and gain insight into trends in the real estate market and to improve our home valuation models." What's even WORSE is it is RETROACTIVE!!! "We may share information provided to us on or after January 1, 2016 with Zillow Group and its subsidiaries" I am not comfortable with this, so I want to find a new signature company. Who do you love? I used to use docusign, but their mobile app wasn't great. It's been years though, so maybe that's changed. [link] [comments] |
| Posted: 09 Jul 2020 11:57 AM PDT Hey guys, I was wondering what service or app you guys use as a database for your clients? [link] [comments] |
| Newer agent(27f) joining their mom(65f)in the business but personalities clash. Posted: 09 Jul 2020 07:39 AM PDT I'm quite sure that I'm not the first mother-daughter duo or any team duo having a personality clash. This realization came to me over the first year and a half upon working with my mother. i've been working with her for about 2 1/2 years now and I knew that we didn't have the same kind of personalities in work ethics. She's kind of this Lonewolf, independent, self starting, type of personality. She just wakes up and works from 8 AM to 8 PM no problem; it's her hobby and her life. I join the business with interest in real estate (I was an assistant to other agents just to make sure I wanted to be part of the business before joining her) but I just don't wake up and get out of the bed with such enthusiasm and start work like she does. I'm starting to realize my personality is more of a team player rather than a leader. I like working with her but she doesn't make it much of a team effort and so I have to go to her and have to sit next to her to actually gain enthusiasm about starting work. I learned a lot about my first few jobs as an assistant before joining her, but there's a high learning curve within the first multiple years of real estate. I wanted to reach out to see how other people start their passion in real estate knowing that their personality is more of a follower/team player. I'm starting to think I might have to join Mike Ferry or Tom Ferry type of courses to just feel like I know what I'm doing and to gain the passion/drive as a real estate agent. Even though I'm constantly learning things through every single transaction, my mom has never sat me down and given me lessons about certain parts of real estate. I work better as a team player and and I'm starting to feel this spark and vision I once had for the business fade as I lack direction and enthusiasm. I'm concerned that this type of personality might never be a good fit for this industry. Any thoughts on this? [link] [comments] |
| How do you deal with a client who negotiate your commission? Posted: 09 Jul 2020 01:09 PM PDT I have a client and this guy just doesn't want to pay me. He Keeps trying to bring my commission down from 2% to 1%. There has been so much back and forth that at one point i dropped the client. The next day i came up with a solutions to list the price a little higher if he doesn't want to pay the commission and he agreed. Finally when I meet him to sign the agreement, he again started negotiating my commission and finally tells me that he expects me to pay if there is a difference between his asking price and offer out of courtesy. This is so much frustrating and i wonder do we have to fight every time for our commission? [link] [comments] |
| Buyer not giving us proof of funds Posted: 09 Jul 2020 12:16 PM PDT I have a home listed, which has been listed now since March. We have had offers, but they were too low for my client. This home needs at least 100k worth of work and I explained that the longer it sits the lower the offers will be. She has no interest in lowering the price either. We finally received an offer she likes, but as this is a cash only deal, we need to see proof of funds. This was last Friday. On Tuesday, the buyers agent said proof of funds "were on the way." Still have not received anything and he is not being responsive to any of my calls, texts, or emails. This is my first cash deal. Is this normal? How long should I have my client wait on this offer? We don't have any others at the moment. But I don't know that we can hold onto an offer indefinitely waiting on the proof of funds. Any help you all can offer is greatly appreciated. [link] [comments] |
| Posted: 09 Jul 2020 10:21 AM PDT Just started the buying process of buying my first how. It's just now in the pending phase and now I'm wounded form your experience how long does it usually take on average to close? I know it can take up too a month but I'm curious what the average is? And what the earliest you may have seen one close? [link] [comments] |
| Agent(27f) joining their Mom(65f)in the business but personalities clash. Posted: 09 Jul 2020 10:19 AM PDT I'm quite sure that I'm not the first mother-daughter duo or any team duo having a personality clash. This realization came to me over the first year and a half upon working with my mother. i've been working with her for about 2 1/2 years now and I knew that we didn't have the same kind of personalities in work ethics. She's kind of this Lonewolf, independent, self starting, type of personality. She just wakes up and works from 8 AM to 8 PM no problem; it's her hobby and her life. I join the business with interest in real estate (I was an assistant to other agents just to make sure I wanted to be part of the business before joining her) but I just don't wake up and get out of the bed with such enthusiasm and start work like she does. I'm starting to realize my personality is more of a team player rather than a leader. I like working with her but she doesn't make it much of a team effort and so I have to go to her and have to sit next to her to actually gain enthusiasm about starting work. I learned a lot about my first few jobs as an assistant before joining her, but there's a high learning curve within the first multiple years of real estate. I wanted to reach out to see how other people start their passion in real estate knowing that their personality is more of a follower/team player. I'm starting to think I might have to join Mike Ferry or Tom Ferry type of courses to just feel like I know what I'm doing and to gain the passion/drive as a real estate agent. Even though I'm constantly learning things through every single transaction, my mom has never sat me down and given me lessons about certain parts of real estate. I work better as a team player and and I'm starting to feel this spark and vision I once had for the business fade as I lack direction and enthusiasm. I'm concerned that this type of personality might never be a good fit for this industry. Any thoughts on this? [link] [comments] |
| Thinking about becoming a realtor in VA! Any advice? Posted: 09 Jul 2020 09:51 AM PDT Just as the title states, I'm thinking about becoming a realtor. I'm a recent college graduate (2019) and I'm not totally sure where to start. I also work in property management FT but am looking for a change that will be more financially beneficial over time - that college education won't pay for itself, lol. Any advice on where to begin/if this is a good time to join this field? Thank you! [link] [comments] |
| Coming soon listings? What is your opinion on doing this? Posted: 09 Jul 2020 08:57 AM PDT Have a listing on a property, sellers had to move away to take care of a sick parent, so they temporarily pulled home off market. Now it is coming back on the market when they get back here in a couple weeks. Am I helping or hurting them by putting it on market today with remarks saying "Showings start in 2 weeks"? [link] [comments] |
| Posted: 08 Jul 2020 08:30 PM PDT How is this even possible? She sent me a text saying the 15 day notice for termination to find a new brokerage. [link] [comments] |
| What do you guys find is the best way to buy leads? Posted: 09 Jul 2020 02:15 AM PDT Title! Thanks for any suggestions. Solo second year realtor in Canada. [link] [comments] |
| How can I be sure that if I present another broker's listing to someone that they'll work with me? Posted: 08 Jul 2020 03:55 PM PDT I found this listing that is amazing - great price. Under-priced, probably. Spoke to the broker, its fully available, no strange problems like liens or anything. I want to let some customers know about it who i've spoken to before, but didn't really become their exclusive agent. But, I dont want them to cut me out of the deal. Finding them a gem apartment that they wouldn't know about without me deserves compensation, and right now, I have nothing to stop them from hanging up on me as soon as they hear the address and contacting the listing broker directly. [link] [comments] |
| Posted: 08 Jul 2020 10:47 PM PDT Hello fellow agents! As I progress more in my career, I'm starting to have more contacts and leads coming in weekly. I've noticed I have no good system in place to track it all. I sat down today wrote all of last month and this weeks leads. I have 18 leads that I have not tracked the current status of them or points of contact. I currently have 5 in contract and would like to keep the momentum going. I have been looking at this CRM ( https://perfectstormnow.com/ ) , any thoughts? I learned about it from the GSD Podcast. [link] [comments] |
| Posted: 08 Jul 2020 06:28 PM PDT Hello everyone, Taking my real estate test in Texas. I was browsing this subreddit and see that most people say that the information they learned in the courses do not really apply in the real world. I was wondering would it be better for me to just study flash cards and do online practice tests to pass the Texas real estate exam or should I read and take notes on the readings from the online module? Thanks in advance [link] [comments] |
| in Texas - realtor i'm working under wants me in office Posted: 08 Jul 2020 10:11 PM PDT Hi all! I'm a new agent (passed test in late January, had to go to NY for a family emergency shortly thereafter, came back in the midst of Covid madness in late March.) I had connected with a realtor who runs a business here in Austin (under a broker who isn't really involved other than on paper, as far as I can tell). Once I passed the exams, he offered for me to start working with his company, and, not too long after that, due to Covid, he closed down the office for a bit. I have two questions.
Is it normal, when starting out, to get nothing in terms of leads? (I imagine you're going to tell me I should have ironed all that out with him before starting to work with him...) He says it's going to be impossible for me to learn the ropes working remotely. Do you experienced realtors/brokers agree? Thanks [link] [comments] |
| Posted: 08 Jul 2020 08:53 PM PDT Hey everyone, I've been thinking about some early conversations I've had with buyers and what kinds of questions I could be asking to better qualify them without trying to get too personal/offending anyone . For instance, when speaking with buyers at open houses or over the phone, I've found it helpful to ask them how long they've been looking/how soon they are looking to close (people who are looking to close soon are typically more serious) and also whether or not they've been prequalified by a lender (especially with more expensive homes, I've found this to be important to understand who may actually be able to afford the property). What other types of questions have you found helpful in qualifying a buyer/whats the most important information for you to know? Looking forward to hearing some of your opinions! edit: spelling [link] [comments] |
| Posted: 08 Jul 2020 08:38 PM PDT Sorry if this is the wrong sub for this but the Real Estate sub seems to be mainly people investing so I figured you guys would be able to help me. Last week I took the Michigan Real Estate Salesperson exam after completing the CE Shops 40 hour course. I failed the exam hard because it was nothing like the class or stuff I studied and I felt like I had never seen half the stuff on it. Also, when researching online prior to taking the exam everyone said it was 115 questions and you only needed a 70% to pass but when I took the test it was 125 questions and the paper I got back said I needed an 80% to pass. Do I need a 70 or 80? Why was the class nothing like the exam? Thank you [link] [comments] |
| Posted: 08 Jul 2020 05:20 PM PDT Looking into paying for coaching. It will be $3,600 for a lifetime of coaching/ mentorship. Is it worth it if I really buckle down and take advantage of the opportunity? What should people looking for in coaching? [link] [comments] |
| Posted: 08 Jul 2020 12:01 PM PDT Hello there I enjoy being in this group. I am pretty interested in the profession. My question is on a scale of 1-10 how overworked/busy do you feel? Do you have time for a healthy lifestyle? (10 is "I wanna lose weight but it's impossible cause I am so busy") [link] [comments] |
| Social Accounts for Agents/Brokers That Are GOOD and ENGAGING? Posted: 08 Jul 2020 03:31 PM PDT What accounts would you say are crushing it? They create posts that start conversation. I am creative but am stuck in the just listed/just sold/real estate news posts and they're flat out boring. Tom Ferry harps on it but has yet to show us examples (his own channels are great, but I want to see agent examples). [link] [comments] |
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