Realtors: 12:25 AM and here I am, waiting for the seller's agent to send me a fully executed agreement |
- 12:25 AM and here I am, waiting for the seller's agent to send me a fully executed agreement
- Hot Markets in the south
- Unique Community driven service!
- Does anyone have any experience with Veteran's United???
- What are the different recruiting incentives out there?
- Do real estate courses get harder as they go on?
- Realtor or MLO
- What does "waived appraisal" mean? And what does your clause look like?
- Best way to study for New York State real estate license
- Phone/Web Solutions For A Growing Office
- Realtor Elders please guide me
- PPP Forgiveness
- Cray Cray Stories
- Broker Mistake
- 2nd and 3rd interviews
- Best CRM? Market Leader alternative?
- Newbie needs
- Repair amendment dispute
- To carpet or not???
- becoming a realtor
| 12:25 AM and here I am, waiting for the seller's agent to send me a fully executed agreement Posted: 28 Feb 2021 09:29 PM PST I have worked over 28 hours since Saturday morning for 4 different buyers and 2 sellers. I just participated in possibly the most brutal negotiation on behalf of a buyer I've experienced in my career so far. I used every trick I know: bluffing, begging, equivocating, every somewhat shady trick I've ever seen or read about. 28 offers on this house my buyers love, that went up at 2 AM Saturday. Constant showings from 8 AM to 8 PM both Saturday and Sunday. I am f****** exhausted, utterly drained. The seller's agent and I were yelling at each other and trying to hammer this out at 11:30 PM on a Sunday, when most people are sleeping before going to their real jobs. 60k over. Huge non-refundable deposit. Massive inspection exclusion amount. Waived appraisal. Bluffing. Emotional appeals. That's what it took. but... My clients GOT THE HOUSE! 27 other buyers and their agents can cry tonight...this time, WE WON!!! I have worked over 50 hours and written 6 offers for these folks, and I'm not done until closing. I'm going to take home ~ $6k for all of this work. Sounds like a lot, but please find me an experienced professional who will sacrifice that kind of time and effort for only a chance at $6k. You won't. Realtors are sometimes overpaid, yes. Like, when I put up a listing this week, it's going to sell instantly and I'm going to have buyer agents begging to outdo each other with ever better offers for my seller. I'm just gonna sit at my computer and advise the seller about which is the best offer, and try to play the buyer agents against each other. Way easier. But other times, like tonight, we earn every single cent of our commissions. [link] [comments] |
| Posted: 01 Mar 2021 12:28 PM PST Which markets in the south would you guys say are treating realtors and agents the best right now and which seem to have a good outlook for people within the field in the future? [link] [comments] |
| Unique Community driven service! Posted: 01 Mar 2021 12:05 PM PST Hey guys! Thought I would bring this up in Reddit since it is the god-tier social media platform lol. But I have recently partnered with a company called ParkBench, before anything, no we do not sell actual Park Benches lol, nor do we sell leads/adverts because in all honesty buying an actual park bench would probably be more effective lmao. What we are is a company that partners with community-minded realtors who are not afraid to put themselves out in their community/local businesses, becoming a local leader, and generating those vital natural connections/referrals. If this caught your attention, shoot me a pm and I can explain more about what we are all about! (also dw I am also not tryna sell yall anything) [link] [comments] |
| Does anyone have any experience with Veteran's United??? Posted: 01 Mar 2021 07:56 AM PST An offer on my listing is using a preapproval for a VA loan from them. Thanks. [link] [comments] |
| What are the different recruiting incentives out there? Posted: 01 Mar 2021 11:09 AM PST |
| Do real estate courses get harder as they go on? Posted: 01 Mar 2021 10:57 AM PST Hey friends! My journey in real estate has been an interesting one. I have worked for several large brokerages creating handbooks/manuals/processes/training materials. This led me to settle down with one brokerage handling the marketing and operations. I want to get into official transaction coordinating (I do part of the job now, but need a license to be official) because I feel like it's the next step with this company, but also continues to let me work from home full time and be available for my baby (I have a nanny but I still get to spend time with him throughout the day). So, to get a pretty substantial raise I need to get my license. I've been plowing my way through online classes and I just can't wrap my head around so much of the terminology. I'm on the real estate law section... and my head doesn't want to commit all this stuff to memory it seems. I consider myself a reasonably intelligent person and never had issues with comprehension during college. So, does this get easier? Or is it possible I just don't have a mind for this? Any tips for someone struggling? It's SO many new words and circumstances I've never heard of before. [link] [comments] |
| Posted: 01 Mar 2021 10:38 AM PST Hey everybody, recently I got my RE License but haven't received it in the mail yet. However, yesterday I met a group of people who are MLO's in my area that really sparked my interest in the LO world. They claimed being an MLO is where the money is really at and you avoid the hassle of talking to rude people who have absolutely no interest in talking with you. My question to you guys is, well is this true? I definitely don't want to give up my endeavors of becoming a realtor. What do you guys think? [link] [comments] |
| What does "waived appraisal" mean? And what does your clause look like? Posted: 01 Mar 2021 08:58 AM PST Hey all I keep seeing people mentioning 'waiving appraisal'... What do they actually mean by this? Are they simply writing in the purchase agreement (or on an addendum) a clause where the buyer will cover the difference of appraisal and purchase in the event that the home does not appraise for the purchase price? Something along the lines of: In the event that the home appraises for less than the purchase price of $X, the buyer will cover the difference up to $X with a max purchase price of $X (offer price). Do your clauses sound similar to the one above? Also, how much are some of your buyers willing to cover in purchase price vs appraisal value? Thanks! [link] [comments] |
| Best way to study for New York State real estate license Posted: 01 Mar 2021 08:28 AM PST Anyone has a pdf or doc I can follow to study for the real estate exam ? [link] [comments] |
| Phone/Web Solutions For A Growing Office Posted: 01 Mar 2021 08:25 AM PST Hello all, TLDR; at the bottom (where I am located all Agents are Brokers I may use the term interchangeably) I am not an owner, just a broker within the company. I and another broker became aware of a problem regarding our office line and website. Our brokerage has grown to over 50 brokers. There are no splits, just a monthly fee, and a transaction fee. It's great for brokers that don't need any handholding and don't need any bells and whistles the big guys offer. We have 2 physical locations mostly used for having a place to have mail sent to, but it's great for quick drop-in office use for printing, etc. It even has spaces to meet with clients in person privately. We do not have a secretary, we do not have any hours posted that we are open because there are no set times anyone is ever there. Our office has a website and a google business page. One of the brokers in our office is in charge of managing the website. His direct cellphone number is also on the website along with the google page as the office number. Any leads that come in through the website on our in-house listings are to go directly to that agent. Can you see where this is going? Surprise! They're NOT! Every agent is listed on the website with contact information, however does not show on mobile. There is no way to automatically forward leads to each individual agent without adding everyone to the site. (I'm guessing this wasn't done to save money) It was brought up at the last meeting how well the Facebook ads were going to increase some brand recognition. I directly asked this agent about this and specifically how are the leads that come through are distributed. His response was that he pays for the advertisement so they're his leads. Our "office" website is really in fact his! It's being represented as the office website and linked to the office google page! When we brought this to the attention of one of the broker/owners his immediate solution suggestion was less than ideal and only regarded the website leaving him to question us on our suggestions for the office phone line. Their excuses are that VOIP services are way too expensive and not practical for what we are. I don't imagine we get many office calls, to begin with, but it was enough that the owner handed off this responsibility to another agent in lieu of monthly fees. We gladly offered to do our research and come up with a good long-term solution rather than a quick fix. One potential solution would to be doing away with the office line altogether, but we feel like as a growing company we should have one. Along with a better website. One where adding a user is relatively cheap. I currently have a Chime.me CRM myself and to add a broker is $35/month though some site reviews say it's only $15. Possibly, this is for the larger brokerage accounts? The current website would cost $25/month/user. Not too terrible, but in the end, someone has to manage it. I do not personally like our current site. I think it's old and outdated, maybe it just needs a newer template choice. (Real Geeks) They supposedly are great for SEO, I think if that responsibility we to be mine and a few other agents for transparency's sake that would be a better option. Any insight on the website solution would be great. The main issue I'm having trouble solving is the office phone line. I'm having a difficult time even researching options because nearly every company wants to schedule a sales call. Where do I even begin? What should I be searching for? TLDR; Our office website is managed by a competing broker (not an owner) in our office. His direct cell number is our office number causing a major conflict of interest. We have been tasked with coming up with a solution if we want a change. [link] [comments] |
| Realtor Elders please guide me Posted: 01 Mar 2021 07:56 AM PST I'm the seller's agent for this transaction and I feel like the buyer agent is trying to strong-arm me because I'm a new agent and she has been in the business a long time. Basically, we listed the house at about 200k. Took a cash offer of 180k a few days after listing because me seller is eager to be done with the place because she has already moved on. There was a water issue a few months ago, the basement carpet all had to be torn out. She is offering new carpet down there though. Home inspection for buyer found a small amount of mold in a damp area. Buyer agent had someone come out and quote a water issue mitigation solution. Gonna cost about 10k. Buyer agent thinking seller should pay 5k of it, but we already came down 20k on the price, I'm 90% sure if we had let it sit for atleast a couple weeks we could have gotten out asking price. Is it reasonable for the seller to have to pay this? I should also add. The water issue was FULLY disclosed to the buyer before any inspection. So the buyer was aware of what happened. In the few years the seller has lived there she has never had any other water issues, just the one time and it was under extreme weather conditions [link] [comments] |
| Posted: 28 Feb 2021 02:24 PM PST Has anyone that received the PPP loan applied for forgiveness? I applied for, but as approved and funds disbursed before the first week of May 2020. I just applied and was told I could only get partial forgiveness based on the rules put into effect on June 1st 2020. Note, these rules were changed AFTER I received funds. The are now calculating the forgiveness rate based off your tax returns (1040, line 31) instead of your 1099s. For knowledge, line 31 is your net income after expenses/deductions. This just doesn't seem right to me. My loan calculation was based on 1099 information, but now it's my tax return. Anyone experiencing the same? [link] [comments] |
| Posted: 28 Feb 2021 05:34 PM PST Please humor me. I'm new to the agent side of Real Estate in Las Vegas. I'm starting to hear some bizarre stories about clients and wild transactions that are both sad and funny. I need to hear more. What you got? [link] [comments] |
| Posted: 28 Feb 2021 09:16 PM PST Well, I'm pretty sure I'm in a bind. I chose a mom and pop broker based on a friendship I have had for many years. After reaching out to my SOI I now have a listing signed and getting underway. My brokers main business is property management but he often sells the homes he manages once the owner decides it's time. I turned to him for advice assuming with the split he is taking I would have no problem being walked through everything from A-Z...that's not the case. He has basically told me in so many words that he figured it out on his own and I should be able to. I am taking massive initiative and watching everything I can on the entire transaction process but I want to make sure I do my absolute best. Do you all have any recommended YouTube playlists/courses/blogs that would walk me through the entire listing process from holding open houses, reviewing offers, and negotiating repairs? I obviously plan to immediately leave this "brokerage" after but for now I'm in the middle of this listing. I truly appreciate any guidance. Thank you! [link] [comments] |
| Posted: 28 Feb 2021 02:28 PM PST I'm having my 2nd and 3rd interviews with two different brokerages this week. I've had the initial couple introductory conversations including the basics about the company and common interview questions. What are some things that I should be saying, looking for, asking in these more in depth and deeper meetings? I am feeling a little troubled navigating between my top 3 and really want to pick the right one. Any advice? [link] [comments] |
| Best CRM? Market Leader alternative? Posted: 28 Feb 2021 12:21 PM PST I currently use Market Leader since it's bundled in by my brokerage. I don't use it as a lead source, just as a way to track the leads I have and interface with my postcard and email campaigns. I strongly suspect I could find a better system and I'm wondering if there's anyone here that's moved on from Market Leader as a crm. What other CRM's have you tried? A dream feature would be one that knows when I've last called contacts without having to manually record that info. I'd also love if it could tell me whether or not my leads are opening my emails (not just marketing emails but all emails) [link] [comments] |
| Posted: 28 Feb 2021 05:52 PM PST Happy to announce I passed my state exam and finished interviewing brokers. I start the paperwork process for getting my license tomorrow and decided to join Coldwell Banker. I'll be choosing to work at the brokerage office and I'm wandering what do you guys get for your desks? The desks there are small, no drawers, but have things on the wall behind them for pushpins and things. Did anyone buy or make spreadsheets for buyer interviews, seller interviews, cold calls, open house questionnaire, etc? Do I start working right away or do I have to wait for my license to come back? How does everyone go about when to take off work or choosing what days you don't want to? [link] [comments] |
| Posted: 28 Feb 2021 05:37 PM PST I am not looking for legal advice but advice on a real estate agents responsibilities during home sale. We sold a house last year. While doing so we signed an amendment that stated "evaluate clean and repair chimney flue stove and vent pipe to ensure it is safe for use." There was some electrical work also to be done and for that item it was instructed to have a licensed electrician evaluate and repair the following items deemed potential hazards- it then listed three specific items to be fixed. As a seller I felt confused that the first item in the amendment was very vague, did not mention specific work required to be done or who does the work. I sent a message to my realtor asking her to please clarify the work to be done for that amendment item. My realtor sent me back a screen shot from new buyers realtor stating "under major concerns on home inspection report, clean creosote buildup and repair loose mortar joints on top of chimney. So we hired someone to repair the loose mortar joints and swept the chimney. We provided receipts for work and then closed on the house. 4 months later I got a message from new buyer stating he would be suing me for not having an inspection of the chimney flue. He had a very thorough inspection of the chimney and a crack was found in the flue liner. He stated he had never used wood stove and couldn't have cracked. I don't believe this and have talked to neighbors who have seen him use it but that's beside the point. This feels like a huge screw up between the two realtors. Our realtor is saying that we never had to do a professional inspection because it wasn't clearly stated in the amendment. His realtor said we were expected to do one. Do realtors have any liability for things like this? I have a message from my realtor before the house closed. I asked her "the amendment does not specify to have an hvac inspection ? She replied "sounds good." This is a huge Wtf for us. We paid our realtor 12k to sell our house. We have spoken to a few lawyers about our case in court and we have a problem because we have no proof we had it evaluated beyond the buyers home inspection report. We were told by our realtor we didn't need one. When asked to clarify her amendment, the buyers realtor never mentioned a professional inspection. Can we hold either realtor responsible for this? Are we 100 percent at fault here? This was in Minnesota. [link] [comments] |
| Posted: 28 Feb 2021 03:24 PM PST I am getting ready to list a 4700' 4br 4.5ba home in the most desirable suburban community of Ft. Wayne IN (Leo). I build this home in 1999 and have original carpet in "needs to be replaced" condition. I think the home should go for market above 500k. Should I replace the carpet or offer an "allowance"? I have about 3500' of hardwood or vinyl floor and 1200' of carpet. I think that any buyer would want their own carpet. My wife thinks, replace. Thoughts??? [link] [comments] |
| Posted: 28 Feb 2021 01:19 PM PST I'm thinking about going into real estate and keeping my side hustle, but I want to hear real experiences and statistics. a disclaimer, I know real estate isn't getting paid to do nothing, im not going into it with that mindset. I know the schooling is expensive and working with clients can be draining. but I live in a city where the housing market is INSANE (example, my house has gone up 100k in value over 3 years and I've done nothing to contribute to that and I live in a "sketchy" side of town lol). I've heard of some people who sell 3-4 houses a year just to pay bills, and then doing like a side hustle for extra cash which is honestly my dream. Currently I work 3 super unstable jobs and and i'm making roughly 40k a year (when there isn't a pandemic lol) and I sell cakes from home and that's usually my fun money. im comfortable with that amount but its getting hard to juggle all three jobs to keep a steady schedule. I would honestly be thrilled to work my ass off doing real estate a few times a year to sell some houses and spend the rest of my time baking cakes from home (I have a pretty good clientele right now but I've been having to say no a lot more due to my other jobs). So if anyone can give me advice or share your experiences i'm all ears! I think i'm focusing on how nice the ideal situation would be right now so i'm trying to take off my rose colored glasses before I make any decisions. [link] [comments] |
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