Realtors: Champagne taste on a beer budget... I'm having trouble keeping my first-time buyers focused. Need advice please! |
- Champagne taste on a beer budget... I'm having trouble keeping my first-time buyers focused. Need advice please!
- Buy land directly from owner or via builder?
- What are your ways of maximizing your return on your time?
- Books, podcasts or YouTube sources that provide good information for someone going through licensing classes.
- Can you turn down potential clients based on the loan product they’re approved for?
- Dealing with disclosure - your thoughts on this please
- American Mortgage for Colombia?
- Question Pertaining to Realtors Actions
- So, how exactly does one work as a real estate agent right after a natural disaster?
- Contract Question
- Open houses: productive use of time? Yay or nay?
- How to find a seller willing to due a vendor finance?
- What are procedures to buy a new house in California?
| Posted: 19 Sep 2020 09:44 PM PDT I'm working with a lovely couple who are looking for their very first home. They are are pre-approved for $135k. I've pretty much exhausted everything in our market (up to $140k). However, they keep sending me screenshots of houses they find online that are in the $165k range. I respond with "it's not in our budget" and "in this market, the sellers will not come down $30k" but my buyers are still pushing to see homes that are too much. Today I just flat out lied and said one particular home wasn't available to show this weekend. What else can I say to get my buyers to understand that it's not feasible to show them homes they can't afford, without offending them? [link] [comments] |
| Buy land directly from owner or via builder? Posted: 20 Sep 2020 12:04 PM PDT Small subdivision, land owner/developer/realtor is all the same person. We have the lot picked out and have connected with land owner multiple times. We have whittled the builder list down to 2-3 and are working on details of plans/pricing with each builder. We need to save some money on the land purchase to make the deal come together financially. One of the builders (seems trustworthy so far) has offered to buy the land on our behalf and negotiate what they think may be a better deal, because they would bring potential future to the land owner (this builder is already working on one lot in the neighborhood). Not at all pushy and not threatening to buy from under us, just offered it up as an option. Are we best off negotiating the land purchase directly from the land owner/developer/realtor or will the builder have more negotiating success and end up netting us a better deal? Cross posting to r/Homebuilding [link] [comments] |
| What are your ways of maximizing your return on your time? Posted: 20 Sep 2020 11:31 AM PDT I'm just curious to see some different methods and thought processes on how you maximize your time/return on time. Not necessarily with a client but just in general to become a better agent. Say you are driving home one day, do you listen to a podcast while you drive instead of music? Do you take a couple detours and try and familiarize yourself with the area a little more? What can/do you do to make this drive home a potential gain/opportunity to improve? Now I do understand a lot of times you may just want to head home and be done working, but during those times where you want to keep going what else do you guys do? I'm just wanting to get some ideas of good habits and things I can do to help improve my work as well as my services as an agent. [link] [comments] |
| Posted: 20 Sep 2020 11:15 AM PDT I am looking for good books, podcasts or YouTube channels/videos I can look at or listen to just to help gain some more basic and useful knowledge on this field. I want to utilize my time driving in the car or other low productivity times to learn a little and better my understanding of this field as I'm working towards finishing my classes currently. Any recommendations are much appreciated thank you! [link] [comments] |
| Can you turn down potential clients based on the loan product they’re approved for? Posted: 19 Sep 2020 06:16 PM PDT So I guess my basic question is just this. Is it acceptable or considered discriminatory to not work with a potential client based on their loan product. For example : if you meet a potential client and they discuss with you before signing that they actually can only be approved for an RD loan. (currently in a RD nightmare right now because of lack of inventory, and nothing is working out. Loads of dead ends and wasted time, gas to showings.) We got catfished the last viewing with glamour shots at specific angles, only showing us what we would want to see. We show up and it's like a crack den used by a gang of feral cats. Is it possible to just avoid these transaction types entirely? I know we are considered self-employed unless you're actually employed. And it's your business so you get to call the shots within reason. I just know certain things come down to actual laws and policy. I get I would be cutting out a fraction of potential business but I feel like it would save me light years of headaches. Just curious if that is considered illegal or Discriminatory. (Yes I'm a new agent) [link] [comments] |
| Dealing with disclosure - your thoughts on this please Posted: 20 Sep 2020 07:49 AM PDT I'm a retired Broker so not in the game as much as years ago but agents sometime call me for my thoughts on things. This one got me thinking. Listing agent is putting in the information in the MLS and sees that the seller's previous listing (the listing that was used when they bought the house five years ago) had the house listed as 2000 sqft. The seller says that can't be right. The house is larger. The LA looks on country records and it has 3000 sqft listed so she uses the county records in MLS (which btw says that the information was taken from public records). She hires a professional photographer who includes some sort of measurement/floor plan in his service. She gets 30 gorgeous photos and several floor plans which delineate the size of each room and, you guessed it, it adds up to 2000 sqft. The house goes UC within 4 days of going live on MLS and now she's worried that the discrepancy will get her in trouble post closing should the new buyer measure the house. I think she should do a one line amendment stating something like "the size of the house was obtained from public records and is neither guaranteed as accurate nor warranted. Buyer should verify square footage independently" and leave it at that. The LA thinks she should go into more detail about the first listing, the county records and the photographer's measurements. I think "keep it simple, stupid" is the best approach. You're the listing agent. You work for your seller. Disclose it simply and let the buyer and their agent take whatever steps they feel is necessary. What would you do? [link] [comments] |
| American Mortgage for Colombia? Posted: 20 Sep 2020 07:38 AM PDT I (29m USA) was wondering if US banks provide mortgages for Americans to buy property in Colombia? [link] [comments] |
| Question Pertaining to Realtors Actions Posted: 19 Sep 2020 11:03 PM PDT Backstory: I switched realtors as the one we were working with was not communicating actions well and overall slow to communicate and the market moves fast where we're looking. Average is looking like only 4-7 days before an offer is accepted and were 3 days away from the 7. I informed the new agent that I had been working with another and signed no agreements or contract for the house with the original agent. If it matters the house was not found by either agent but by me online. I was upfront with the new agent and explained I understood if he didn't want to work me. He accepted and within 2 hours had an offer drafted for me and I signed and he provided continuous communication throughout the process. While waiting for the draft I emailed the other and informed them that we had switched and why. Here's where my questions come. The original agent is now making false claims via e-mail that they found the house and had asked me for information to finish a contract. They also sent what I consider to be unprofessional e-mails to my wife to guilt trip her for us switching but, left me off the email. I would have been fine with just a quick response saying thank you for informing them but, the false allegations and guilt are to far. So first is there anything I did wrong and should avoid if it comes to this again in the future? Does the old agent have any potential to go after the new agents commission? Last, should I just drop this or is there somewhere I can file a complaint against the old agent? [link] [comments] |
| So, how exactly does one work as a real estate agent right after a natural disaster? Posted: 19 Sep 2020 04:26 PM PDT Backstory: my hometown just got hit by Hurricane Sally. Our 3 Mile Bridge from Pensaocla to the beaches is missing a section now. Lots of homes are destroyed. Lots without power still. Lots of flooding was done. Already had 1 prospective client ask to see homes yesterday - just 2 days after the hurricane hit, I told him no. He said he was getting another realtor. I don't care. I posted on social media that I'm not taking on new clients at the moment. I've got several clients who were days away from closing prior to the hurricane. A listing I have got hit hard. My focus is on them and my listing client. But, anyway, haven't been an agent after a hurricane before. It's.... Definitely an experience. [link] [comments] |
| Posted: 19 Sep 2020 03:01 PM PDT Hello all, I had a quick question I cannot seem to find an answer for. In a case of a properties seller being listed as "trustee" what should I put as the sellers name when writing up offer documents? [link] [comments] |
| Open houses: productive use of time? Yay or nay? Posted: 19 Sep 2020 04:45 PM PDT I'm super protective of my time and I can't help but notice that the only thing I do as a realtor that really leaves me feeling like I wasted time is open houses. I've never gotten an offer as a direct result of an open house and only made contact with one new buyer that ended up closing on a house. I'd love to hear your thoughts on this, especially opposing viewpoints that might sway my opinion. My open house promotion process, which isn't the best I know, is scheduling them on MLS which pushes to all of the public sites and signs pointing towards the home. No door knocking, no facebook ads. [link] [comments] |
| How to find a seller willing to due a vendor finance? Posted: 19 Sep 2020 05:35 PM PDT Anyone have advice for this? Have someone not that picky for a property but wants to vendor finance [link] [comments] |
| What are procedures to buy a new house in California? Posted: 19 Sep 2020 06:27 PM PDT Hello, I would like to know the procedure to buy home in California. Please explain in detail. [link] [comments] |
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