Realtors: "Video Tour" does NOT mean putting pictures of the house in a slide show! |
- "Video Tour" does NOT mean putting pictures of the house in a slide show!
- Does anyone else hate the word Realty?
- Video Tours
- Question about foreclosures and auctions.
- Selling homes in transitioning or gentrifying areas
- Dotloop Promo Code??
- What are the "Standard" Expectations for a Realtor?
- Is my realtor scamming me?
- Starting Fresh, Need Advice
| "Video Tour" does NOT mean putting pictures of the house in a slide show! Posted: 19 Oct 2020 07:34 AM PDT Sorry, some ranting here as a buyer. Generally I want to have some sort of video walk through before I go see the house in person. And there have been multiple occasions where I clicked on a house that claims it has a "Virtual walk through" but instead it were just pictures of the house.... into a slide show video. If you can't bother to film an actual walk through then why advertise it as such? [link] [comments] |
| Does anyone else hate the word Realty? Posted: 19 Oct 2020 05:52 AM PDT It just makes me cringe. I don't like being referred to as a realtor, I don't like people asking me "how's the realty going". Real estate agent is fine. "How's real estate" is fine. But realtor and realty just evokes a corny image that I hate to be associated with [link] [comments] |
| Posted: 19 Oct 2020 08:15 AM PDT Good morning Realtors, I have a question for you. I had the seen the idea of a 3D scan business and wanted to ask some questions from the experts. I know Redfin tends to do these on their priories but I haven't seen it with most other brokerages. Are 3D scans like matterport gaining popularity? Is there a certain price point home that calls for it? If you do hire out for this, what is the average payment for it? Do you do these on your listings often? Thanks for your response in advance. [link] [comments] |
| Question about foreclosures and auctions. Posted: 19 Oct 2020 05:35 AM PDT Me and my wife just put an offer in on a house that had been purchased in an auction that seems it was in foreclosure. The company the bought the house renovated it and put it back on the market only for them to take it off the market the same day it was going to be finalized by the bank and the buyer. Because of something that went wrong, and I'm not sure what. So my question is. How can somebody win an auction on a house renovate it then be told that they can't sell it? I mean it seems like they put 150 thousand bucks up on a house, buying and fixing it that they don't really own. It just seems like bad business.but I don't know much about reality, this is our first house. [link] [comments] |
| Selling homes in transitioning or gentrifying areas Posted: 19 Oct 2020 10:13 AM PDT Looking for suggestions for selling homes in transitioning or gentrifying areas? The house and quality of renovation is amazing (see pic) and everyone loves the house. It's the board ups next door and on the block that are killing my sales smh... Please share any ideas or tips on how to get the average buyer to see what is happening in the area and why they should buy now versus wait? I am trying to be creative... [link] [comments] |
| Posted: 18 Oct 2020 07:12 PM PDT Checking to see if any of y'all have a dotloop discount code? Thanks [link] [comments] |
| What are the "Standard" Expectations for a Realtor? Posted: 18 Oct 2020 01:23 PM PDT Tl;drI'm in the process of purchasing a property, but I feel like my realtor's services were only beneficial because I'm not local to the area, COVID is a thing, and this is my first time buying property. What are reasonable expectations to have of the services provided by your realtor? Backstory:I'm a first time home buyer and received the same financial/life skills education that most Americans received from traditional sources which is nothing. So everything I learned is from various books, podcasts, and you wonderful people of reddit. Still very much an amateur, but working on understanding this financial and real estate game. I live in CA. Yes, I know it's expensive. I'm from the midwest and realize there are markets that are far cheaper to invest in, but this is my decision😂. I work in the trades as my day job with the goal to be a GC who also builds/invests on the side working towards reaching financial independence in 12 years. I identified a market, Sacramento, that makes sense for me to live/work/invest in. I got really clear on the type of properties I'd be interested in: distressed/under market value properties with room to force value through remodels, additions and/or ADUs. The thought is that this strategy will allow me to "house hack" my property and eventually turn these properties into long-term buy and holds. The back up plan is that if the rental situations don't work out I should have a live in flip with an acceptable profit. I was referred to an agent through a friend who just bought property in the area and had a great experience. This friend is a REI as well and has bought multiple properties in the past so I was excited to meet with the realtor. When I spoke with the realtor I asked all the questions the books and podcasts tell you to ask. Are you an investor? How long have you been doing business? Do you feel confident that you can find the properties I'm looking for? So far so good. I knew next to nothing about Sacramento as the majority of my time in CA has been spent in the bay area so at the start of the search I relied on the agent for information on what areas are good for investment, what he has witnessed with rents, etc. This is also my first time purchasing property so he also helped fill in some knowledge gaps with the general home buying process. Also due to COVID restrictions, he was the only way I could view properties and also was the only reason certain sellers' agents would respond to my inquiries. He also has strong local connections and can get inspectors/contractors opinions on questions about the property. Outside of these areas, which I am not discounting the benefit they had to my property search, I didn't really perceive any additional benefit. Here are my main "issues" All but one of the houses were found by me through the basic listing sites. If he sent properties to me I had already seen them or they were completely flipped homes that had no room for my forced value strategy. I guess I was expecting that a realtor would have access to better dealflow than me especially since I have 0 connections in Sacramento and am purely looking on zillow and sites like this. When it came to determining the value of the home that was basically on me as well. I can understand being mindful of COE issues in terms of figuring out what to offer and what it could in turn rent/sell for, but I guess I expected more help. I don't expect realtors to "know construction" but there were times when I could not look at a property in person and I would like to know some basic red flags to look out for before putting an offer in. This was delivered on about 50% of the time. Given this experience I would say this realtor is a great first time home buyer's agent and maybe even a great listing agent, but probably won't work out with me in future purchases. However, I would definitely refer him to my family/friends who are not investors and simply looking for a home. The Question:What is reasonable for a fledgling REI to expect of their realtor? Buying properties is and most likely will be one of the largest purchases of my entire life. A percentage of these purchases will be paid to my realtor, but I don't know what that percentage should cover. I know there are REI who claim you don't need realtors and they might be right, but at this point I believe that experts exist for a reason and you either become one or hire one. I think of purchasing investment properties like building a house. I don't think it's efficient to attempt to build the entire house on your own and there's a reason subcontractors exist, but it's much clearer what the expectations of the subs are. What are the standard expectations I should have of my realtor? If you made it this far, you're amazing once again reddit thanks in advance!😁 Edit: I now understand most realtors won't have access to off market deals and in certain areas "pocket listings" are illegal or frowned on [link] [comments] |
| Posted: 18 Oct 2020 03:37 PM PDT Hi, I'm new to r/Realtors and really need some advice before closing this deal. I'm working with a mortgage broker I met through a home repair company I work with. I sent him bank statements, w-2s, SS, driver's license. Yesterday I submitted an offer for a property in southern California. As I read the pre-approval letter I noticed the letter was from his own broker/lending company which raised some red flags. Second of all I noticed in the pre-approval letter that the FICO score was at 780 compared to my 715. As I did some more digging I came across documents showing that this particular mortgage broker had been charged by the SEC for defrauding investors in 2014, who knows tho maybe he's a changed man. I looked up his realtor license and everything came back clean My question is how do I protect myself from any shady practices being done to my FHA loan. If the mortgage brokers lending company goes under will I be obligated to pay the remaining loan in full? Thank you and sorry for the layout I am on mobile [link] [comments] |
| Posted: 18 Oct 2020 07:54 PM PDT I'be recently been licensed here in the state of michigan and i'm very excited to start my career as a realtor. I'm a young man(21 years old) and have obviously never worked in real estate before. i've been watching videos from Bryan Casella and different realtors on youtube for tips. I'm wondering what tips you guys can give me regarding to -choosing a brokerage( decent starting splits, fees etc). -online courses for training possibly (learn sales+negotiation skills) -effective forms of marketing for a new agent(i will cold call and door knock as it's basically free besides the time) thanks for advice in advance! [link] [comments] |
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