Realtors: 14 months in and I honestly just don't think I like being a realtor |
- 14 months in and I honestly just don't think I like being a realtor
- Former KW President busted?
- My realtor is advising me to offer $5k above appraisal price?
- Referral-Only Business Model?
- Question about The Texas Real Estate License Act (TRELA)
- How do agents get commission on rentals?
- Zillow Review: Represented Family Member
- Went with different realtor - how do I respond?
- Tenants not consenting to showings (Chicago, Il)
- Mileage tracking for taxes
- I saw this at a model home and made me chuckle. It just made me wonder how often buyers and agents use the restroom at listings and what’s the etiquette around that
- Where do I even start?!
- Is The Property Market Set to Crash?
- When is the best time to call FSBO's?
- Help with Escalation Clause and other language in PA!
- Help
| 14 months in and I honestly just don't think I like being a realtor Posted: 14 Mar 2021 08:49 AM PDT I love the flexibility, the pay is good, but honestly I just feel like its taking the parts of my personality that make me successful and flipping them. I hate talking to people now. I'm just getting bitter towards anyone who wants to chat or ask something because I keep thinking about everything else I have to do or how much I've already talked to others that day. And I bring that home with me to my family sometimes on accident. I'm short because I'm just tired and over it by the end of the day and I don't mean to be. I have to drop things all the time and miss out on family time when I have an infant, toddler, and pre teen. I'm stuck in a vicious cycle of never being caught up, rushing, then beating myself up when I could've done better. Idk, I just don't know that I like it enough. My first year, I made about $26k so I did alright for myself, but even when money and business was good I still just wasn't sure about it. Any other newer agents coming to terms that no matter what you change, maybe you just don't like it? [link] [comments] |
| Posted: 14 Mar 2021 08:46 AM PDT Oh snap! Just saw the news about Josh Team. What is going on at KW? https://www.agentadvice.com/blog/former-keller-williams-president-charged-with-indecent-exposure/ [link] [comments] |
| My realtor is advising me to offer $5k above appraisal price? Posted: 13 Mar 2021 08:47 PM PST First time homebuyer with a potentially simple question. I am in the market for my first home. I found one that I like and the listing price is $375k. We are wanting to be aggressive and are offering a short closing period, non-refundable earnest money, and are offering to buy the home as-is. My realtor says that she likes to make offers conditional on appraisal, such as offering $5k-$10k above the future appraisal. She also said that we can make an offer that should far exceed the appraisal price (around $410k) to get their attention, but that if the appraisal came in lower, we would only be held to the appraisal + extra, rather than $410k + extra. I have googled and googled to try to find anything about this strategy and I simply can't find anything. Is this a normal or legitimate way to make an offer on a house? If $410k is listed on the contract price, won't the appraiser be more likely to appraise closer to that number? If anybody has experience with this type of offer I would be happy to hear your thoughts. [link] [comments] |
| Posted: 14 Mar 2021 10:19 AM PDT Does anyone here simply run a referral-only business? Meaning you're a strong marketer and lead generator, but you don't do any actual deals, rather you refer them all out. Could this be a viable business? [link] [comments] |
| Question about The Texas Real Estate License Act (TRELA) Posted: 14 Mar 2021 10:39 AM PDT I am studying to get my realtor license in Texas and currently I am looking over TRELA. It seems like a lot and is very overwhelming. For people who have passed the exam in Texas, how crucial is TRELA for the test? Should I just skim over it or really buckle down and try to know the ins/outs of it? Thanks! [link] [comments] |
| How do agents get commission on rentals? Posted: 14 Mar 2021 07:24 AM PDT I have a client looking for houses to rent and most of them aren't giving any commission by the seller so am I supposed to charge my client commission? I'm a new agent so I haven't really done this before. Edit: sorry I'm in Florida! [link] [comments] |
| Zillow Review: Represented Family Member Posted: 14 Mar 2021 07:09 AM PDT Hi all. Curious if anyone has had or knows if Zillow will allow a family member you actually represented to leave you a review? In the review guidelines, it states Zillow reserves the right to withhold reviews from family members, and while I can see them still withholding the review for a represented family member, I'm wondering if this will actually be the case in this situation. Thanks! [link] [comments] |
| Went with different realtor - how do I respond? Posted: 13 Mar 2021 07:09 PM PST I recently met a lead at an open house I was running and made a good initial contact with her. During our consult later that week, she told me she was interviewing other agents and would let me know her decision. So, I did my due diligence by setting up a search portal for her, sending her a nice long follow up email with specific properties I thought might be a good match for her, and offered a second consult to answer any other questions she might have about my team and I. I didn't bug her, but did follow up in a way I thought was appropriate. She told me today by email she selected a different realtor. Is there a way to ask her for feedback and why she chose someone else? Do I just wish her luck? Do I just move on and forget about it? This is the first time in a specific situation like this, so just trying to see if there is a normal response and reaction here. Thanks. [link] [comments] |
| Tenants not consenting to showings (Chicago, Il) Posted: 13 Mar 2021 09:19 PM PST Hello all, I'm dealing with some combative tenants on a 4 unit listing here in Chicago. The tenants will not consent to showings for prospective buyers due to Covid concerns, as is their right as I understand it with the Illinois Phase 4 re-opening guidelines. Am I correct in my understanding that once the building goes under contract, the tenants' consent is no longer required? When under contract, any "showings" of the property would be considered inspections? Could anyone point me to some online documentation from the state/city saying as much? I'll need to provide to provide it to the tenants in question. I hope that all made sense. Thank you in advance for any insight. [link] [comments] |
| Posted: 13 Mar 2021 05:26 PM PST Hi! Has anyone been able to understand how to track your mileage? For example, the IRS states that commuting from your home to the open house cant be deductible. What is deductible from work to an open house, from work to meet a client, from work to etc. But as a realtor, we dont have a "work place", sure you can day realtor office. But who here goes to the realtor office and the drive to the destination. So, can anyone please explain how I can track my miles for taxes? If anyone suggest Mile IQ or another related app, please explain how this app calculates the mileage that is deductible for the IRS. As fas as I understand, it counts the mileage trip, so you still have to figure out which miles are deductible. [link] [comments] |
| Posted: 13 Mar 2021 12:59 PM PST |
| Posted: 14 Mar 2021 12:09 AM PST I'm a younger female (early 20s) and I want to buy a house. I don't know what to do or where to start.. do I meet with a realtor before a preapproval? How do I get a preapproval?? I would like to get a loan, maybe a FHA Loan? I'm not sure what other options I have besides that one.. I have a credit score of 725 but my husbands is a bit lower around a 615 although his credit history is longer than mine. can anyone tell me what steps I need to be taking? I reallyyyy need help [link] [comments] |
| Is The Property Market Set to Crash? Posted: 13 Mar 2021 10:54 PM PST Is The Property Market Set to Crash? https://youtube.com/watch?v=epr11-SocAY&feature=youtu.be [link] [comments] |
| When is the best time to call FSBO's? Posted: 13 Mar 2021 08:12 PM PST I know there is not a "perfect time" per se. I am more interested in what has worked for all of you. I would assume the weekends are better because they are more likely to be free to chat and at home. But every time I see YT videos or Reddit posts about this subject it seems most agents are calling on Mondays/Tuesdays. I am interested in your thoughts and reasoning. I would hate to call an owner when they are stressed at work. [link] [comments] |
| Help with Escalation Clause and other language in PA! Posted: 13 Mar 2021 01:07 PM PST Time is of the essence with this post, so any help ASAP is appreciated. I am a newer agent and writing up an offer for my buyer and I will be using an escalation cause for the first time. My buyer wants to offer $430k, but is willing to go up to $432k if another offer bids the same as her, or if the highest offer is somehow $431k (home is listed for $410k). Here is how I plan to write the escalation clause. Please let me know if the wording is good and/or what you would change: "Buyer is offering $430k but is willing to increase the offer to $432k if another buyer/offer comes in at the same offer price, or at $431k". I know the escelation is only $2k, and I advised just to offer $432k if that's the max they're willing to pay, but for some reason, they said no. If their $430k offer is the highest offer received, that's the max they want to pay I suppose. Please let me know if I should change my escelation clause wording, or what is your go to wording. Secondly, my buyer wants to elect to have an inspection and inspection contingency period, however they really only want this for informational purposes only. BUT, they still want the opportunity to back out and retain their earnest money if they find something in their inspection they're not comfortable with. So I am marking that my buyer elects to have an inspection with the contingency period of 7 days. Here is the additional language I plan to add. Please let me know if I should change any of the wording. "Buyer elects to have an inspection for informational purposes only and agrees not to ask seller for any corrections if needed/found in the inspection report. However, if something is found in the inspection that the buyer is not comfortable with, buyer has the right to cancel the purchase agreement within the inspection contingency period and retain their earnest money in full" Any fast help would be appreciated. I tried getting a hold of my broker, but he is on vacation right now and doesn't have great service. EDIT: Just spoke with my buyers loan officer about this and the loan officer was able to get my buyer to just offer $432k and drop the escalation clause. But yeah, still gonna do the inspection clause/wording and would still like advice on that. [link] [comments] |
| Posted: 13 Mar 2021 01:27 PM PST Help please I am trying to get my first home as a duplex. I currently live in cali on military orders. I have about two years left in the service and want to start now. Navy federal says that i have to occupy the duplex and i can rent out the other side. If i am stationed here and just say i live there without physically being there all the time, will this be occupancy fraud? And how will they even check? [link] [comments] |
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