Realtors: 2nd home and investment property market shift ���������� |
- 2nd home and investment property market shift ����������
- This is gonna be stupid but what is a realtor?
- What are the pros and cons of setting up an LLC?
- Am I getting a fair commission split?
- Lockdown and unemployment
- With the current state of it being a strong sellers market, would the best time leverage form of prospecting be Circle Prospecting?
- "T.R.A.C.K: Taking Relentless Action through Community and Knowledge" Reviews Needed
- HOA cocked it up, we lost the deal and the client.
- Does anyone currently use SetSchedule for their brokerage?
- Experience with Leadjolt?
- Not licensed yet, should I introduce myself to brokerages and ask if they have openings?
- What do you do to increase the chance of securing a listing?
- How much have you made
- How did you decide?
- Selling home. Advice on disclosure form.
- How does it work when an agent is representing both sides?
| 2nd home and investment property market shift ���������� Posted: 12 Mar 2021 06:07 AM PST Big Mortgage news... Fannie Mae and Freddie Mac have been ordered to reduce the amount of 2nd homes and Investment properties they can finance to 7% of their total production. Translation - Interest rates and costs are going up nationwide on all 2nd home buyers and investment property buyers. If you are in process on a 2nd home or investment property I would lock your rate TODAY. Run do not walk to your Loan Officer and LOCK THAT RATE if it is a 2nd home or investment property.. This should hit the news cycle in the next few days..... I think this is an attempt to push investors and 2nd home buyers out of the market due to the lack of inventory. However, when you limit access to capital, it can have an adverse action on housing prices. [link] [comments] |
| This is gonna be stupid but what is a realtor? Posted: 12 Mar 2021 10:36 AM PST Look this is genuinely probably the dumbest question on this sub but ima ask it anyway. I'm 16 and have been looking at getting into real estate but I'm genuinely confused on how things work like how you get a commissions, if you're apart of a company or just a person with a license? This is all stupid questions but it seems like the entire job is to be a Craigslist add for selling a house. I kinda thought you were given some direction in your line of work but from what I've gathered over the last like couple of months it seems like you're almost dropped into it all. I know there is a huge failure rate in this line of work since it can pay big and you don't really need anything to start doing it (from what I've heard) this is a really open question but I genuinely don't get how y'all work, is there a list you get to look at for potential clients do you put on add on Facebook asking if the person selling their house wants you to be their realtor? Sorry for not only being a newbie but being the absolute bottom of the barrel and not understanding much 😂 [link] [comments] |
| What are the pros and cons of setting up an LLC? Posted: 12 Mar 2021 01:22 PM PST LLC? Corporation? Still new to all of this, but I'm interested in hearing both sides. [link] [comments] |
| Am I getting a fair commission split? Posted: 12 Mar 2021 01:21 PM PST Hello everyone. I was hoping to get a better idea of what the standard is for brokerages and what people are paying on commission splits. I've been doing real estate for 4 years but have been with the same brokerage the entire time. I'm with a very small brokerage, I can always reach out to my broker with any questions but there's no education, marketing, referrals, or services they provide to agents. I pay for my own E&O insurance, MLS fees, board fees, CE fees, etc. my current split is 85-15. The split sounded great at first but as I get more experience it seems like most brokerages provide more service to their agents for the cost. [link] [comments] |
| Posted: 12 Mar 2021 12:43 PM PST During the lockdown, are realtors eligible to collect unemployment?? [link] [comments] |
| Posted: 12 Mar 2021 08:41 AM PST Here's my thoughts on why. A little over a year into the business so I still have lots to learn:
Obviously there's plenty of other ways of lead gen, but those are just a few off the top of my head. Using this post as sort of a discussion to bounce ideas off each other if this is indeed true? Would love to hear everyone's thoughts. Am I wrong here? TLDR : What's your opinion on the best form of lead gen to focus on right now based on the market conditions. [link] [comments] |
| "T.R.A.C.K: Taking Relentless Action through Community and Knowledge" Reviews Needed Posted: 12 Mar 2021 12:15 PM PST Calling all Agents and Brokers... Looking to hear some honest feedback about The Locker Room Nation's T.R.A.C.K systems. I saw their agent program and im interested. Then I saw the broker program and something about the broker being able to sign up their agents for part of the brokers package. From what I'm reading about it (on the company's site so pretty biased writing) it seems like a great fit for our newer brokerage. However I know it won't be cheap and I'd like to have some reviews of the ugly side to present to my broker when I discuss it with her later this weekend. Thank you in advance!!! [link] [comments] |
| HOA cocked it up, we lost the deal and the client. Posted: 11 Mar 2021 05:26 PM PST Just got to vent. Lost a deal a week out of closing. Damned HOA on the condo dragassed getting our lender the docs and then tells us the loan won't cover the reserves. Nothing could be done, of course the client blames us. I loathe poor managed HOA's with a fiery and all-consuming passion. Sucks for my team, we worked hard on this one and I feel badly for the client, they lost out on a nice place. This shit is why people hate HOAs. [link] [comments] |
| Does anyone currently use SetSchedule for their brokerage? Posted: 12 Mar 2021 09:04 AM PST Their plan sounds fairly reasonable as an add-on to how we're currently generating leads. I think they charge like 5k a year for a handful of agents, with leads included. They take a 20% referral fee , and give you $400 back per close. Their model seems to be making money on closed deals. Effectively they buy leads in bulk from providers like Zillow, Realtor, etc, and then make 20% on each close. They're almost entirely incentivized for us to close deals. Am I missing something? I feel like the old way this company worked kinda sucked, but the new way makes sense. Anyone use it recently? [link] [comments] |
| Posted: 12 Mar 2021 09:02 AM PST Basically the title. Has anyone worked with Leadjolt? Edit: fixed autocorrect [link] [comments] |
| Not licensed yet, should I introduce myself to brokerages and ask if they have openings? Posted: 12 Mar 2021 08:22 AM PST I have just begun studying for the exam and will probably take the class online soon as my wife and I have two little ones at home. From what I read I think I may be better to start at a boutique brokerage or part of a Team. Or is it typical to start as an independent and associate with a broker? Sorry if this doesn't apply to this group. If you could direct me to beginners questions I thank you. [link] [comments] |
| What do you do to increase the chance of securing a listing? Posted: 12 Mar 2021 07:35 AM PST Hi everyone, I know it is hard nowadays to get a listing and I'm trying my best to secure a listing but you know when the seller has to find a home to buy so that is a challenge. I got this guy who registered on my website and we talked for quite a while. Let's just say he reached out to me a month ago again to discuss how to sell his home and buy another one. I tried to be more valuable to him by telling him all the options and prepare him mentally for this market. It's not hard to sell his home but it's hard to find him a home and winning the bid. We had good conversations, he was very nice and seems to be a very good listener rather than giving me many objectives. Today I schedule to speak with him again and check on this address and find out he listed with another agent and the price was even under what I recommended him a couple of months ago. I'm a little disappointed because I don't know what I could have done better. I've never met a guy and I scheduled to speak with him every 2 weeks and then weekly after he expressed to list his home as soon as he found a home. What do you do to increase the chance of securing a listing? I couldn't get him to sign the contract because his objective was to find a home and then he would commit so I didn't want to stretch the rubber band too much. [link] [comments] |
| Posted: 12 Mar 2021 08:32 AM PST Hey. How much has everyone made if you don't mind me asking as a full time realtor.. your best and your worst years salary? Thanks ! [link] [comments] |
| Posted: 11 Mar 2021 07:09 PM PST I know there are a lot of training courses available for agents. How did you decide which one to enroll in / buy? [link] [comments] |
| Selling home. Advice on disclosure form. Posted: 11 Mar 2021 02:16 PM PST We have owned our house for 3 years. We are in the process of selling and am filling out the disclosure form. We had one single episode of water seepage around the water inlet valve in our unfinished basement after a heavy year of snow fall when it was melting. It was less than a bowl of water total. How would you word this in the form so as to be honest but not alarm any potential buyers? For legality purposes our realtor can't assist obviously so came here anonymously. [link] [comments] |
| How does it work when an agent is representing both sides? Posted: 11 Mar 2021 03:55 PM PST Should I find separate representation? A real estate agent that's also currently managing a renting a property thinks that the owners of said property might sell to me, at a good price. Meaning she would represent both sides is this a good idea? Should I be charged less commission then 3% being as she is on both? [link] [comments] |
| You are subscribed to email updates from News and Ideas for Realtors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment