Realtors: Im 27, 2 weeks into being licensed, and my first listing appointment was a $1.5 million 5000 square-foot home |
- Im 27, 2 weeks into being licensed, and my first listing appointment was a $1.5 million 5000 square-foot home
- Your story: What is the most petty request or demand that threatened to delay a closing?
- Which brokerage to choose?
- Best resource for finding leads?
- business type to register
- Thoughts on a platform for agents that would allow them to search for leads based on their listing and connect directly through one app
- Closing Helper ?
- Question on negotiating down realtor/mortgage fees
- App Beta Testers
- Brokerage Red Flags?
- Any good rest estate agent statistics? Or books with statistics?
- Occupancy
- Cold Calling
- Calls about NOT wanting to sell?!
- Soon-to-be agent in a new city - looking for some advice or tips on how to get started
- Issues buying a property
- Left my team and old team leader misleading leads
- Starting my courses to become an agent - Ontario, Canada
- Getting Accurate Sales Comp Data
- Currently in escrow and found out there was a recent undisclosed home break-in. Can my buyer cancel?
| Posted: 18 Nov 2020 10:59 PM PST I did cold calling for a year outside of real estate. Most people hate it, I get it. But I thrive on it. A luxury home went off the market, and I decided to ask for an interview. I think all considered I probably won't get the listing, I was the last agent interviewed of three and they didn't sign on the spot. We chatted for three hours, and I can honestly say I did better than I imagined I would. But this is all to say don't be afraid to ask for an appointment and go for houses way above the average price point you work in. The worst someone can ever say is no, and even then I'll learn from it so that I can actually land the listing next time. 🤷🏻♂️ or maybe this will be my first listing. Haha they haven't said no yet! Even if this was a 1 in 10 chance of landing it, it beats a 1 in 3 chance of a $300k home in the long run! [link] [comments] |
| Your story: What is the most petty request or demand that threatened to delay a closing? Posted: 19 Nov 2020 06:34 AM PST Ex. For me, buyers wanted an extra set of keys be made, threatened to delay closing. [link] [comments] |
| Posted: 19 Nov 2020 10:29 AM PST I've looked at Keller Williams (good training), century 21 (low fees) and Berkshire Hathaway (low fees, household name) I can't seem to tell if Keller Williams is too good to be true? Which broker do you recommend and why? [link] [comments] |
| Best resource for finding leads? Posted: 19 Nov 2020 09:36 AM PST Starting out as a real Estate agent seems very difficult and costly. I'm trying to figure out what the best ways to find new leads. From what I can tell the options below are very popular but do they actually work? Are you really connecting with leads? [link] [comments] |
| Posted: 19 Nov 2020 12:03 PM PST Hello, I just got my license in canada. After joining a brokerage, I found out that I actually need to register my own business as well for tax purpose. I know the difference between sole proprietorship, partnership, corporation, etc in terms of liabilities and what not. And I suppose my two obvious choices would be sole proprietorship and corporation. I'm just wondering, what do most real estate salesperson register as? What is the pros and cons from a tax/reality perspective? Any help would be appreciated. [link] [comments] |
| Posted: 19 Nov 2020 10:15 AM PST The current agent to client dynamic is starting to feel a bit outdated [link] [comments] |
| Posted: 19 Nov 2020 10:12 AM PST How often does everyone wish they had a service that could handle making sure that closings happen on time ? I know realtors can help guide the client through but Would their be a demand for a service that say took care of making sure the property will get a CO, represent clients on inspection day, etc? [link] [comments] |
| Question on negotiating down realtor/mortgage fees Posted: 19 Nov 2020 09:47 AM PST Hi folks, hope this question is in the right spot. I've recently begun the process of looking into buying a home. I was speaking with a friend who said he was able to negotiate lower fees from his mortgage broker, and he implied this is fairly common in some communities (specifically for him, mainland Chinese immigrants in Toronto and Vancouver). He also implied that people do this with realty fees as well. I was wondering if this is something that is generally considered? My understanding is that people refer quality candidates to their broker or realtor who get a higher certainty that the client will close on a house (and by extension, not waste their time showing homes) and in return give them rebates or incentives of some kind. In this sense it is a bit of a community thing. If this is true, is there anyway I could work with a mortgage broker or realtor to prove out the certainty of a close to get a rebate/incentive? Thanks, interested in hearing your thoughts on this as I am looking for an 'insider' perspective to corroborate what my friend is saying. [link] [comments] |
| Posted: 19 Nov 2020 08:42 AM PST My realtor friend and I are building an app to help fellow agents solve problems that we faced first hand. A simple client management app where you can manage all your clients, your listings, showings, calendar, mileage and even scheduling. Our app is almost ready. Any one here who is interested in being a beta tester and willing to share feedback? It would be great to get valuable feedback from fellow realtors of Reddit. Edit: please feel free to message me your email address. [link] [comments] |
| Posted: 19 Nov 2020 08:30 AM PST I'm a new agent and in the process of interviewing brokerages to hang my license. I've interviewed a few nationally known brands, as well a few local mom & pop type setups. Honestly I'm a bit overwhelmed with trying make a decision and wanted to reach out to those with a little more experience. I'm curious if you all had any red flags to look out for regarding brokerages? From my conversations, a few have popped up but because of my lack of experience, I'm not sure if I'm making it into something it isn't. For example one brokerage doesn't provide E&O. Is that a big deal since I can get it myself or is that a deal breaker in selecting a brokerage due to costs? I feel like it's something I need even if they're not providing, correct? Another one doesn't charge upfront fees and instead charges a transaction fee after the commission split, with no cap on that fee. From a financial perspective, it seems to make sense as I'm starting out and not paying monthly fees out the gate, but I feel there comes a point where this isn't financially viable since there's not a cap. I feel like when I eventually start closing multiple deals, I'm paying for more than I'm getting since they don't really provide many things in return, other than some marketing materials. I'm own my own for business cards, CRM, and sign riders. When asked what fees go towards, it was essentially said that I was paying for the use of the office and their expertise. This may be a perfectly fine way to do business but because it's not "the norm" it feels a bit odd to me. Am I being a ridiculous noob? Thanks so much! [link] [comments] |
| Any good rest estate agent statistics? Or books with statistics? Posted: 18 Nov 2020 03:34 PM PST Basically, I'm a new agent, by day I'm a data analyst, by night, I'm an agent. I've sold 7 houses to my sphere this year (posted on FB that I was an agent for the first time in January AND the market shut down in Michigan for 2 months, so I'm pretty happy with that) Considering I'm a data analyst, I really want to look into some data about being an agent— right now I've been looking at marketing type stuff, going to look into some demographic stuff. Just really wanting to know about how things work. Any readings/websites would be appreciated! [link] [comments] |
| Posted: 19 Nov 2020 07:13 AM PST Can a residential building refuse to rent to a party of 3 who want to rent a 540 sq feet studio? I personally think the studio is too small for three people but what if these 3 people go no this is fine. Can a building say no, no 3 people you need a 2 bedroom 3 people in a studio that doesn't work? [link] [comments] |
| Posted: 19 Nov 2020 05:01 AM PST Dumb question INCOMING! What is your experience with cold calling? Have you been successful in building a client list from it? [link] [comments] |
| Calls about NOT wanting to sell?! Posted: 18 Nov 2020 08:44 PM PST I'm baffled and wondering if anyone can relate to my situation. I am an agent and also looking for a home to personally purchase in a specific neighborhood. Last week, I sent out about 40 nice letters, hand addressed and partially handwritten. I've gotten two separate responses, both from really nice older women telling me they do NOT want to sell (both said that the home is sentimental and they plan to keep it in the family). One of the ladies called me and was very nice- we ended up talking for 45 minutes. Her house also happens to be in my absolute dream location and on a massive lot. She doesn't even live there, no one does! But, she wants to keep it and talk to me about it. She also sounds burdened by the property. I enjoyed our conversation, but got off the phone baffled. Maybe reading into it too much? I started to wonder if maybe she DOES want to sell but is just feeling me out? Or maybe she (and the other woman) just so a polite and noticed the time I put in my letter and wanted to connect? Has anyone had this experience? I'm kind of just scratching my head and feeling a bit frustrated and bummed. What have others experiences been with this sort of situation? Any advice? [link] [comments] |
| Soon-to-be agent in a new city - looking for some advice or tips on how to get started Posted: 18 Nov 2020 07:30 PM PST I am studying to take my real estate exam next week, and I am so ready to get started! I am hoping to get some advice/tips on how to get started once I'm in the office. I have chosen a brokerage and we've already completed my sales agent trainings. My previous career experience was in digital marketing for a financial institution, and a short stint in real estate marketing before relocating with my fiance. I feel very confident in my ability to use marketing to my advantage, and I am a VERY outgoing, confident, and creative person in the workplace. My dilemma, I moved to a new city recently and have no sphere of influence. My fiance and I have no social circles here (thanks to COVID) and very few friends in the area. I've been unemployed for some time here in the new city (no marketing jobs here), so starting real estate seemed like a good fit based on my work history and my go-getter personality. What are some ways that I can begin to build my SOI here, build a business/marketing plan, and some tips on how to jump confidently into a new career? [link] [comments] |
| Posted: 18 Nov 2020 08:05 PM PST So my parents are about to buy a house and already have a credit approved by a big bank here in the US, at first the sellers told our agent that they wanted to close the deal ASAP and that they wouldn't reduce the accorded price even if the property was cheaper once we did the evaluation, they also didn't want to deal with any repairs (if we found termites, etc) and my parents accepted. My dad already made the down payment and everything but I keep seeing the property get listed on an off even when my dad already made the down payment in Redfin, Realtor.com and MLS (I'm helping them look for houses too). Now they say they won't sell my parents their house unless we get a loan from the bank they tell us. My parents wanted to move because the rent here in California is already high so it was better to be already paying for the house so doing the process as fast as we could made sense but now we feel like either the agent told the owners that they should put more excuses so we give up the house and they wanna sell it at a higher price or their agent wants double comission and is pushing their luck too much. Our agent also told us that everytime he tried to communicate with their agents they just don't answer his calls and messages until a day later or more so it's been difficult to keep in touch with them too, my parents would rather just be told "hey we don't wanna continue" so they could at least know where this is going instead of making up stuff. They're very angry and sad because they thought they would finally have a house and now they have to see houses and start over again, are they giving up too quickly? They've never bought a house before and I don't have experience with this either, any feedback is appreciated and welcome. [link] [comments] |
| Left my team and old team leader misleading leads Posted: 18 Nov 2020 04:06 PM PST To/dr: what can I say in a postcard to leads that answers back to lies that my old team lead is telling clients, mainly that I am no longer with the company, without resorting to tit fir tat or negative connotations/comments? I was with my previous team just shy of 2 years. Their model was cold calling using Tom Ferry scripts. I had immediate success and have a robust pipeline. Decided to leave because the team leaders (a married couple) were sketchy af and were basically bullies to clients, other Realtors, and any teammates. Gonna skip the drama and there was a lot! Anyway, I used Covid to slow down and leave the team. My agreement was that any lead I got while part of the team I would owe them 50% of my commission for up to 12 months after leaving. Ok no biggie, I know that's what I signed. When I left the team the team leader called my whole list of prospects telling them I left the industry. I'm still glowering up with my prospects and I am with the same broker and even in the same office just down the hall! I complained to the broker but it's a he said she said without a client willing to go record with his lies. The broker had a talking to him and I thought that was it. Today one of my prospects told me they just talked to him and he said I was no longer with the company and he took over all my files. So, here I am again sending out cards to my whole list (I'm already making sure I'm calling and staying in touch), but I want to say something like: if you can't trust him to tell you the truth to earn your business, how can you trust him to handle the biggest financial transaction you will make this year? My question is, how can I say this without looking like I'm engaging in negative sales tactics? What is a classy way of calling this out and setting myself apart without being negative and looking like the classier choice. He is no doubt saying other bad things about me and has gotten a few clients to ghost me, I don't want to sink to his level, but want clients to think about the fact he needs to lie to them to get in the door. [link] [comments] |
| Starting my courses to become an agent - Ontario, Canada Posted: 18 Nov 2020 06:07 PM PST Start my courses and with that, starting to reach out to brokerages in my city to try and get a better understanding of their offerings, training and support for new agents. Unfortunately running into brick walls with quite a few of them. Most aren't interested in talking until they know I've complete courses. I'm coming from a comfortable salary and want to ensure the support and opportunities are out there before I push even deeper into the school. Am I just overthinking and just should finish my courses then proceed or should I be asking better questions about their support even at my stage of education? [link] [comments] |
| Getting Accurate Sales Comp Data Posted: 18 Nov 2020 03:24 PM PST I'm not a realtor, but my wife and I are preparing to buy my father-in-law's house (located in Northern CA) from him. I'm trying to come up with an accurate set of comps from recent sales, but I'm running into two issues. First, he's done a lot of work without permits, most importantly adding a 4th bedroom, a deck, and finishing the basement to add approximately 500 sqft to the home. So all of the Zillow/Trulia/Redfin estimates are pretty far off what we think market value could be. Secondly, he lives in a town that doesn't have many similar 4bd/2ba homes that have sold in the past 6 months according to Zillow/Trulia/Redfin. Are there other data resources out there we can use to help figure out an accurate market value? [link] [comments] |
| Currently in escrow and found out there was a recent undisclosed home break-in. Can my buyer cancel? Posted: 18 Nov 2020 03:12 PM PST Any advice or thoughts appreciated? Thanks Reddit. [link] [comments] |
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