Realtors: My Thoughts on Zillow Joining the MLS & Becoming a Broker |
- My Thoughts on Zillow Joining the MLS & Becoming a Broker
- I joined a team.. and I regret it.
- Representing buyer - “roof is at the end of its useful life”
- Online Program
- What should I do with my new license
- any best Florida simulation exams anyone can recommend?
- What’s the best way to search for vacant / absentee owners
- Why do home builders increase prices on their new developments? What does this mean for those who bought first vs those that bought last?
| My Thoughts on Zillow Joining the MLS & Becoming a Broker Posted: 02 Oct 2020 08:03 AM PDT Hey everyone, I know we've all heard the news of Zillow entering the broker's side of things. I currently operate in Phoenix so I've worked with Opendoor, Offerpad, Redfin, and Zillow before. Here's my two cents on what I think we can expect with the industry. First, it's not the end of the world. Realtors will never go away in my opinion. Will our industry and career change? Absolutely, just like every industry in the world right now. Redfin has been doing what Zillow will begin in January. I've seen Redfin agents at open houses and follow up with them after they view a listing. Redfin's buyers agents definitely are newer to the industry. Think about it, you're driving around town all day to show homes. It's the grunt work. Use their inexperience to your advantage. This shift in the industry will weed out agents that do this part time as well as ones that hold little value to their clients. I genuinely think this is just another big name Brokerage coming into the space. Think EXP, Keller, Coldwell Banker. However, In the near future I do see commissions being cut to around 4%. Some things I do to give more value to clients -Weekly market update videos. I use BombBomb video to do a 1-2 minute video catching people up with the past week of home numbers, mortgage rates, unemployment, mortgage forbearance, etc. -Understand basic ins and outs of a home. Be able to give ballpark estimates of repairs and renovations. -Understand and keep up with your market's jobs, infrastructure, demographics, and future plans for the city you operate in. -Know basic mortgage data and information. -Have great resources for contractors, painters, landscapers, all that jazz -Be HONEST. If you see any red flags in a home let your clients know. With every transaction I always act as if I'm representing my parents. If something comes along that that concerns me, I would let them know! -Answer your dang phone. Be available even at 9pm at night on a Friday. Answer emails, texts, calls ASAP. No, it is not weird if you answer an email within 1 minute of receiving it. I've even have been thanked and complimented on answering back to clients so fast. Bottom line, we need to provide MORE value ladies and gentlemen. Don't just be an agent, be a real estate consultant, advisor, AND an agent. Build a brand around yourself. Remember, 95% of what makes a good agent is the individual. The other 5% is the brokerage they work with. Use the lack of experience from these companies to your advantage! [link] [comments] |
| I joined a team.. and I regret it. Posted: 02 Oct 2020 06:49 AM PDT So, about a month and a half ago I joined a team in my area. They are a high volume team and have closed many deals this last year. I interviewed with them and felt pretty comfortable joining. I am new to the industry and having trouble getting leads. They said all leads get divided up on a rotating basis (first lead goes to person a, second lead to person b, third lead back to person a). I am now a month and a half in and I have not been put in their team data base. I do not get any leads until that happens. I have asked several times to shadow on consults, tours, etc and have been told they'll let me know when they're available. I have called multiple times for advice with no answers. I honestly just thought it was all because of how busy they are. But now we just had a newly licensed person added to the team (got her license last week) and she has already been added to the system, gotten over ten leads, and they handed her a deal to close her first day. What do I do now? I don't know how often I can ask them to put me in the system. And if they don't want me there then I don't want to be there. But I signed a contract for 6 months and don't know if there's anyway to get out of it. Any advice would be greatly appreciated [link] [comments] |
| Representing buyer - “roof is at the end of its useful life” Posted: 02 Oct 2020 06:16 AM PDT I'm representing the buyer in this case. We just went though inspection after jumping on a house who was originally under contract but then fell out after two weeks. We haven't been given a reason why that didn't work out. So the same day of the inspection, my buyers also learn their closing costs are going to be way more than expected (like, almost double). They're not happy. Before the inspector even sends the final report, my buyer sent me a text saying "now that she knows the roof and HVAC system are at the end of their useful lives, she wants at least $10k off." I was present for most of the inspection and my heart sank when the inspector mentioned, in his opinion, the roof needs to be replaced in the next year or two. According to him, the buyers "won't get five more years with this roof" and kept saying "you shouldn't wait until there's a leak to fix something like this." There's literally nothing wrong with the roof other than the fact it's old. There's no leaks, no patches, and no layered shingles. The soffit is in good shape. Really wish I had this inspector's crystal ball to know exactly when a roof will fail. How have other agents handled this in the past? Before the inspection even took place, I prepped them to hear "end of useful life" when it comes to some of the items of the home (built in the 1960s) and they'll need to decide if they're willing to take that on. The price they're getting the house for is really competitive but at the top of their price range. When I talk to them again today, I think I'd council them to ask for one HVAC fix and we can try for an additional small closing credit knowing they as the buyers might have some major repairs soon after purchase? [link] [comments] |
| Posted: 02 Oct 2020 11:48 AM PDT Hi everyone what are some of your recommendations on online programs to getting a RE license in Texas? If you have taken any on the online platforms and reasons for choosing that. [link] [comments] |
| What should I do with my new license Posted: 02 Oct 2020 02:59 AM PDT I'm turning 19 this year and I'm currently in class to get my license hopefully by the end of October. My initial plan was to jump straight in but as a full time college student it would be hard. I live in Illinois and my new plan was to become a real estate assistant for a big company like Keller Williams or 21st century. I know it's hard to find those types of positions but is that a good idea? I'm also worried about the sponsoring broker and desk fees. [link] [comments] |
| any best Florida simulation exams anyone can recommend? Posted: 01 Oct 2020 07:12 PM PDT I bought this book from amazon, and was not impressed. keep getting 70-72 points.. failed already twice. [link] [comments] |
| What’s the best way to search for vacant / absentee owners Posted: 01 Oct 2020 07:10 PM PDT There are so many different answers on Google - it's messing with my brain. What do you you guys successfully use to get absentee owners. How do you access County Records? [link] [comments] |
| Posted: 01 Oct 2020 04:38 PM PDT EILI5? Seems like it greatly benefits someone that has bought first. Lets say a family X buys a home for 250k, 9 months later the homes are selling for 280k and family Y buys. isnt this great new for family x? Since their home has increased significantly in value? Is there a catch or something I'm missing? [link] [comments] |
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