Realtors: Anybody have clients that just don’t believe what’s happening in the market? |
- Anybody have clients that just don’t believe what’s happening in the market?
- Need advice
- REAL or eXp?
- Discount broker referral
- Is there a historical housing market?
- How to cater to buyers who cant come during the open house time when the sellers still live in the house?
- Can anyone explain the rationale of this question? I don't get how they got the answer they did and their "Question Rationale" doesnt make sense to me and seems to be missing numbers.
- How to get the broker's signature?
- Don’t know if you can help me...
- If you were to start your own brokerage company, what would you call it?
- Starting off as an associate agent with redfin?
- What happens once your seller like an offer and wants to accept it?
- (Virginia) Do I need Buyer Agent? Broker (me) Moving to City
- Realtor asked for my credit report for rental. Landlords don’t run it?
- What can "pre-approved leads" mean?
- Want to build on land with a tear down house
- Website to advertise your Real Estate Business
- Question from a First-Time Home Buyer
- How long does it take to close on an apartment rental
- CRM Demo's - BoomTown
- Attn Michigan listing agents:
- Question about Maryland licensure after retiring.
| Anybody have clients that just don’t believe what’s happening in the market? Posted: 07 Mar 2021 11:31 AM PST Told every single showing yesterday we would have to be at X at minimum to be considered. My clients then called the listing agent and he said not even close to what we were going to offer. We were without a doubt 50k off the price but that's where they were comfortable with offering and comps don't even support the offer we were going to make. Listing agent fucked me on my Saturdays work and I didn't even get to go down the list of we need to do this to get the home etc. now I have to wait for the next one that will not be accepted before I can go down the list of why we need to waive this pay that, fucking rant over. [link] [comments] |
| Posted: 07 Mar 2021 04:55 AM PST I dabble in rental investments. Have bought and sold a dozen properties so I am not a newbie. I am so stressed at the moment because I sold three properties on a 1031 and identified 3 properties to buy. Two closed fine, the third is supposed to close next week within days of the 1031 deadline. Purchased property #3 on a short-sale using a realtor. I have purchased short sales before. Usually the bank takes their sweet time on accepting the offer but closed on time. The house is occupied by the mortgagee. The sellers have accepted offers twice before but the buyers bailed because the bank didn't accept the offer timely so they had to move on. I gave a strong offer so I was confident the bank would accept and they did. About ten days ago, my 1031 proceeds were sent fully funded. We are set to close on Wednesday. Last Friday Title says they don't have the letter from the bank. My realtor spends hours on the phone trying to get the bank to give her information. They can only talk to the listing agent who is always unavailable but is good about calling back. Finally, bank gets the letter over. The issue is that the seller didn't realize that they would have to move and haven't packed a thing. They claim that the had buyers before and it fell through. I am a cash buyer and title had 100% of the funds ten days ago. I think that the listing agent didn't do her job and communicate with the sellers that we were good to go two weeks ago. A lease back is not an option, COVID makes it difficult to get people out. Looked online and these people file BK every few years. Doesn't the listing agent have some responsibility here? This will have severe tax consequences for me if it doesn't close. [link] [comments] |
| Posted: 07 Mar 2021 03:33 PM PST Had a conversation today with a Real Agent trying to recruit me. Basically the pitch is that we are just as good as eXp, but you're getting in on the ground floor, this was exp 10 years ago. I'm averaging 2 closings a month. it really doesn't matter to me which brokerage I'm at. I want to join one of them. I'm wondering what we think of Real compared to eXp. I see that exp is better at marketing. Do we think that Real will get the same market share as exp in the next 10 years? My thoughts is if real gets to 20 a share. After 10 years of plugging away, I could have a couple hundred thousand in stocks. Whereas my current brokerage, I have the middle finger. Thoughts? [link] [comments] |
| Posted: 07 Mar 2021 06:43 PM PST Do discount brokers pay referral fees? In your experience? Have a client moving to my area. About to list their home in another state. Made it very clear that they want to do FSBO, but would pay 7500 or so to have a local realtor out in the mls for them.... Should I try to find a discount broker to refer them to? [link] [comments] |
| Is there a historical housing market? Posted: 07 Mar 2021 11:41 AM PST I have always wanted an old stone house someday like when I retire. I'm trying to start early on knowing what to look for though and resources. I know historical homes sometimes have to abide by rules set by a historical society for maintaining the original look. I don't have a problem with that at all. I'm in a part of Pennsylvania that has some older homes (1800's and on maybe even older around the Brandywine area like Chadds Ford). I'm wondering if there are specific sites or groups that keep track of these kinds of homes and sales. I could always look at local real estate sites but I was wondering if there is a way to skip some of that. Thank you! [link] [comments] |
| Posted: 07 Mar 2021 08:47 AM PST I am planning on doing an open house Saturday and Sunday 12-4. The home owners still live in the house of course and I cant just expect them to not be home all day. Is it ok to abuse the homeowners by keep asking them to leave the house due to people who want to check out the house during non open house hours? This is my first listing, what is the best way to make the sellers and potential buyers happy? [link] [comments] |
| Posted: 07 Mar 2021 12:14 PM PST A buyer contracts to purchase a $75,000.00 home and puts up an earnest money deposit of $1,500.00 which is credited to the buyer at closing. The commission is 5%, paid by seller. The buyer gets a $260.00 credit for real property taxes paid in arrears. A buyer obtains an 80% conventional loan at 12% interest with 3 points. What amount should the buyer bring to closing? Answer = 15,040.00 Question Rationale = An 80% loan of $75,000.00 is a loan for $60,000.00. 3 points of $60,000.00, or 3%, equals $1,800.00. He gets a credit for $260.00 for taxes and a credit for $1,500.00 for his earnest money deposit, reducing the amount to bring to closing to $15,040.00 (down payment plus closing costs). The seller, not the buyer, paid the real estate commission [link] [comments] |
| How to get the broker's signature? Posted: 07 Mar 2021 03:30 PM PST Hi, I am a new realtor in the Texas region and I am looking to gain access (through a subscription agreement) to another realtor association's MLS. However, I was told that I need to get my broker to sign part of the document, and I am not sure who to go to. For context, I am with Keller Williams Realty. Do I need to reach out to someone? Any advice would be appreciated. Thank you in advance! [link] [comments] |
| Don’t know if you can help me... Posted: 07 Mar 2021 11:37 AM PST So, I got my real estate license in Michigan in order to purchase my own home to save some money because housing is overpriced. I am on unemployment from a regular 40 hour job. When I collect commission on my house after will that stop my unemployment or mess with it in anyway? My friend is a broker and said I could come on to her team. [link] [comments] |
| If you were to start your own brokerage company, what would you call it? Posted: 07 Mar 2021 02:11 PM PST Target niche would be premium to luxury properties. Thanks. [link] [comments] |
| Starting off as an associate agent with redfin? Posted: 07 Mar 2021 01:56 PM PST Has anyone here started off as a redfin associate agent? They pay per event instead of commission which is a downside, but I hear that they hire people who are new to real estate. I think this would be an ok position to start in to learn the local market and get some experience, but I wanted to ask you guys if any of you have experience as an associate agent or know of anyone who started as an associate agent with redfin. [link] [comments] |
| What happens once your seller like an offer and wants to accept it? Posted: 07 Mar 2021 10:06 AM PST I am a new agent and just got my first listing. I understand inspections will need to be done before it goes under contract and under contract is just time the lender needs to do home appraisal. But can someone tell me more of the basics? I have an attorney my office recommends so I guess once we get an offer my seller wants to take I send it to the attorney. I am a rookie, can someone go further into the basics [link] [comments] |
| (Virginia) Do I need Buyer Agent? Broker (me) Moving to City Posted: 07 Mar 2021 01:20 PM PST Hello All - I am a commercial real estate broker and own a small brokerage firm. I am moving to a new city in my state (I am licensed both broker & firm, not a MLS Member). I know the area OK likely not as perfect a local professional yet. I have our state standard residential purchase agreement / addendums and have completed a few resi deals in my career, but hundreds of commercial sales. I would love to self represent myself and use that 2-3% back at closing. Would like to hear some fellow Realtors opinions on that method or using a buyer's agent / Realtor. Luckily their local MLS has a public portal so I get instant email alerts to my searches in areas I have narrowed it down to. 3rd party vendors/team -- lender, closing attorney, inspector are already sourced. I guess one of the items I am not sure how to handle yet is property showings (would the listing agent show me as I do not have a MLS Supra/Lockbox key?) Another opinion a fellow colleague suggested is a limited service agent (like a Redfin - to just show / access the homes and pay them a fee or percentage). Thanks for any help [link] [comments] |
| Realtor asked for my credit report for rental. Landlords don’t run it? Posted: 07 Mar 2021 03:18 AM PST As the title says, the realtor is finding me a rental, he asked me for my credit report to submit for the one we liked. Does that mean the landlord or company won't run my credit? And if they do run it, what's the point of me giving it to them? Thanks in advance for answers, I'm just confused. [link] [comments] |
| What can "pre-approved leads" mean? Posted: 07 Mar 2021 09:51 AM PST I very recently started considering a career in real estate, so excuse any naivete on my part. I found an ad for a job on craigslist that claims to have pre-approved leads. Here's a link: https://chicago.craigslist.org/wcl/rej/d/chicago-become-realtor-spanish-speaking/7283064523.html .When I read through posts on here, it obvious that finding leads is one of the most challenging aspects of being a realtor, so I'm assuming the ad is misleading, too good to be true, and possibly kinda scammy. What could "pre-approved leads" mean? Would applying for this job be a waste of time? I'd like to get any kind of experience under my belt, so I'm fine if the job isn't ideal, but I don't want to completely waste my time. The guy who posted the ad also has six million followers on Facebook, and I'm not sure what to think about that. I'm not expecting to find a career through craigslist, I'm sure this ad/job is bullshit in some way, but I'm just curious about HOW it's bullshit. [link] [comments] |
| Want to build on land with a tear down house Posted: 07 Mar 2021 09:35 AM PST What contingencies should I add to an offer for a lot with a tear down house so that I can build new? Existing tear down has no working septic or well and is in the critical area/water front. Thank you!! [link] [comments] |
| Website to advertise your Real Estate Business Posted: 07 Mar 2021 09:29 AM PST Has anyone here ever generated a lead from their own personal website? My husband created me a website about one year ago and I have yet to generate one lead. Pretty depressing for all the time work both my husband and I spent on it. [link] [comments] |
| Question from a First-Time Home Buyer Posted: 07 Mar 2021 06:18 AM PST Hello, all. Not sure if this is the right thread for this question, but my wife and I don't know where else to ask; we don't want getting biased advice from the area we are looking to buy. Currently, we are looking in an area with very low inventory of homes for sale (as with most of the US). We are also working with a realtor who seems to be very well-reviewed, recommended, and we like our interactions and her work ethic so far. My question is this: Should my wife and I reach out to other realtors to see if they know of anything coming on the market, even though we are already working with someone in the home buying process. Here are the dilemmas: -We don't want to just abandon the realtor we have been working with, but... -We don't want to stay with her if she is having trouble finding a home. -If we stay with her, we are not sure if it would be leading on other realtors or wasting their time if we are asking about any upcoming properties. Thanks in advance to all! EDIT: [link] [comments] |
| How long does it take to close on an apartment rental Posted: 07 Mar 2021 04:54 AM PST I am going to be listing a house today but I ask the sellers where are you planning on going to next. They will be renting but don't know where from yet. Is renting the same as buying a house where it takes weeks to close once you sign a contract or is it more instantaneous? I want to make sure they are well prepared once their house is under contract. [link] [comments] |
| Posted: 06 Mar 2021 04:48 PM PST I had the most absurd experience this week trying to get a demo for BoomTown. I contacted them and the sales person wouldn't even setup a demo without first agreeing to a sales call/interview with her. Her logic was "Think of it this way... would you show someone a house without knowing what they actually need?". We have been around for 17 years and I have to prove our worth to a real estate CRM that doesn't realize she just described an open house. This in no way is a review of BoomTown as a CRM but just voicing my frustration with poor sales people. I see plenty of brokers with these same archaic sales strategies and they just cannon pivot or adapt beyond a sales script. [link] [comments] |
| Posted: 06 Mar 2021 05:39 PM PST Please help! Im a buyer and I have a great real estate agent, but with the market being so wild right now, she's admitted that she would never feel comfortable making the offers we need to make to win a bid. (Example: dropping inspection, going 5k-30k over asking) I just want to hear from listing agents in the area what types of offers are sellers accepting right now? Are they appraising anywhere near offer price? Any tips? Im near ann arbor if that makes a difference. [link] [comments] |
| Question about Maryland licensure after retiring. Posted: 06 Mar 2021 01:08 PM PST I'm a renter in Maryland. I'm also a federal employee and recently found out I am being transferred to Kentucky. My landlord recently stated that she wanted to put the property in question on the market and that an agent will be contacting me. At that point, an individual got in contact with me, stating that he was a licensed Realtor with a company here in Maryland. He also stated that he was retired, that he won't be selling the house and that different agencies will be contacting me about the property. Which, of course, is normal. However, upon doing some research, I found out that the company he claims to be operating under does not service anywhere near the area I live. I also found no mention of him working with the company. I only found his independent real estate company that he retired from years ago. Again, my landlord claims that this is an old friend of her's and that he is retired, while he's claiming he's licensed. Am I completely off the mark to be weirded out here? Just curious on what everyone here knows about this. Thanks! [link] [comments] |
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