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    Tuesday, March 2, 2021

    Realtors: Is Low Inventory Happening Across the US?

    Realtors: Is Low Inventory Happening Across the US?


    Is Low Inventory Happening Across the US?

    Posted: 02 Mar 2021 06:53 AM PST

    I'm here in Jacksonville, FL and we've had very limited inventory for the past 2 to 3 months. Is anyone else experiencing the same thing? We've got an abundance of buyers but their options are extremely limited.

    We've been having to bring their focus to new builds which means that they're waiting between May and July for the home to be finished.

    Also, if anyone has buyers looking in Jacksonville, FL then let them know because I've been trying to explain to my buyer coming from California that a 4/2 pool home in Jacksonville and surrounding areas for under $250k does not exist, and if it does then it's gone within hours of being on the market.

    submitted by /u/TheRealtorGuy
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    Why do you work with your current preferred lender?

    Posted: 02 Mar 2021 09:45 AM PST

    Hi r/realtors!

    I'm a current loan officer and was hoping to get some feedback!

    I'm curious to know what makes a "good lender" or why do you work with your current lender?

    I work primarily lead based in which my customers don't have a realtor at first or the it's a newer realtor who gets the lead when I do. So my experience with realtors are slightly skewed.

    I'm hoping to find out how I can better communicate and give value to realtors I work with (hopefully earning a chance for them to refer me back)

    I appreciate your input!

    submitted by /u/Rocket_Mouth
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    With the spring and summer rush coming, make sure you don’t neglect mental rest. Take an occasional morning or afternoon to relax, it’s very easy to get burnt out and vacations can often feel more stressful than work in our trade.

    Posted: 01 Mar 2021 02:27 PM PST

    I see this a lot with new Realtors, as well as seasoned ones: you feel like you need to work 9-5 just like everyone else or that you need to always be "on." Many people think this just means to go on a nice vacation, but If you've ever been on vacation as an agent, you know your business blows up, deals can sour without you, and most agents just post their vacation photos to their agent page or lifestyle accounts anyway. It's not actual relaxation most of the time. You go out burnt out and then you come back overwhelmed.

    Most consumers don't see homes during the weekday mornings and early afternoons. Take an odd morning or afternoon and see a movie, take a nap, sit in your PJs and eat popcorn, something that actually relaxes you. We work weekends, we work nights, we take texts at obscene hours. It can be a lot for people to take. I expect every agent on my team to take time off during the week. Hopefully you take some too!

    submitted by /u/SomeRandomRealtor
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    Redfin Agents

    Posted: 02 Mar 2021 10:31 AM PST

    Hi, Im interested in becoming a redfin agent, so if you have experience as a redfin agent. My first question is how demanding is the first couple of weeks of training? Im trying to transition from a full time employee to full time realtor

    submitted by /u/Art3hollywood
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    How long do you Drip for?

    Posted: 02 Mar 2021 08:38 AM PST

    I have a ton of buyers contacting me, but none of them are really qualified financially. I also market with Zillow, and one of the things they say during their trainings is that you don't ask about financial qualifications in the first few conversations.

    So what ends up happening is I only have a few conversations in the first place before the buyer realizes they are priced out in my market, ad I put them on an MLS feed, and kind of follow up once every 2 weeks to see how they're doing. Sometimes I don't get a response. But then, I had a buyer on a 4 month email list, who ended up buying a very pricey lot.

    So how long is enough to decide for you that you should shut down one of your drips?

    submitted by /u/humaniteer
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    Questions about Company Real Estate Faster

    Posted: 02 Mar 2021 12:13 PM PST

    Hi there,

    I have a sales call today and I was wondering if anyone has had experience with this company? And was it positive or negative.

    Really looking for someone who has used their services

    submitted by /u/airIQAO
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    Becoming an agent/realtor while in college

    Posted: 02 Mar 2021 11:47 AM PST

    So I am 19 and about to start college. I want to become a geneticists one day but I also want to gain some financial security. I also want to network because I have big ambitions with GMOs in the future. I basically want to meet investors and people that can help me. I think working in real estate can help me achieve some financial stability while I am in college as well as meeting people. I am just worried that the job will be too hard to do while getting a stem major and potentially going to grad school later. I don't want to get distracted by the money and drop out of college either. In the future I still want to invest in real estate if I am not working on it. Would you recommend I become an agent?

    submitted by /u/ThrowRa11384
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    In-house Coming Soons

    Posted: 02 Mar 2021 09:56 AM PST

    What is the best way you guys are utilizing coming soons in the market?

    We use a private facebook group for our agents so we can discuss them internally but there's nothing like a bulletin board that allows to see everyones coming soon, so looking for any other solutions.

    Thanks!

    submitted by /u/AndrewPlayss
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    Any advice for a young realtor?

    Posted: 01 Mar 2021 09:45 PM PST

    I Just moved to metro D.C. about a month ago. Started online classes for my Maryland license. I have been reading some of the posts and it all seems relevant. It looks like most people are looking for at least a decently honest realtor that won't just push you to buy a property for their commission. Although in this hot market (D.C. area) it looks like you have to hold people back from making a bad decision and just buying the first house they think is the one because some website says it's a "hot" house. Any advice? , thanks

    submitted by /u/Joe_rose98
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    Door Hangers success

    Posted: 01 Mar 2021 06:13 PM PST

    Hey, wondering if any realtors have had and success with door hangers. I'm considering distributing them in my neighborhood. Any tips/tricks or ideas for content are appreciated.

    submitted by /u/ClassicRealEstate
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    How to prepare to sell?

    Posted: 02 Mar 2021 01:09 AM PST

    I am a single male empty nester looking for advice to potentially sell my house. House built in 1993 with very few upgrades. Needs decluttering and some upgrades/repairs. How do I go about finding someone who can take a look and tell me what I need to do to get it ready to sell? Would that be a realtor or someone else? Note I don't want anyone pushing me on their timeline. I want to proceed at my own pace.

    submitted by /u/indrawls
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    Where do you get your staging furniture and items?

    Posted: 02 Mar 2021 12:57 AM PST

    How does a listing agent fill an empty house, does the brokerage have staging furniture etc? This seems rather spendy quick if not? If not does the furniture stay in the sold house? Sorry prospect here and had some questions

    submitted by /u/AbortedMunk
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    Lead generation. What works?

    Posted: 01 Mar 2021 02:01 PM PST

    I really just want feedback as to what you think the most effective way to generate business is outside of your sphere/referrals.

    We all hate cold calling, right? Everyone hates answering the phone, right?

    Text message is much more convenient.

    But is text as effective?

    Obvi, mailers are old school and we have no way to track the success of that.

    Are facebook ads the answer?

    I'm pretty much just here trying to figure out how to do my job, but without having to dial 100+ non working numbers.

    I would love to hear what works for you!

    submitted by /u/Shayheyheyy
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    Commercial Closing Gift?

    Posted: 01 Mar 2021 02:48 PM PST

    Over the last year, I've changed the focus in my business, and have been doing more commercial transactions. One area I've struggled with is closing gifts. I realize they aren't appropriate for all transactions, but I feel like they are in some cases. For example, I have a couple who are finally taking the leap to buy a building for their dental practice after years of renting. For clients like this, I'd really like to get them something nice at closing, but I'm not sure what to get. Everywhere I look is very residential buyer focused. Any ideas?

    submitted by /u/ryguyb1993
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    I honestly didn't know what I'm getting myself into...

    Posted: 01 Mar 2021 02:02 PM PST

    I honestly didn't know what I'm getting myself into... After getting my RE license and joining a brokerage I've realized that being an independent agent is REALLY NOT for me. My brokerage is small, it doesn't have inhouse leads, basically my broker's main idea to get business is "Your sphere of influence". In general I've realized that successful agents HAVE to have a big circle of people who they know, that way those people can tell their friends and family about you and those people will tell their friends and so on so forth.

    My problem here is that I don't really have that sphere of influence. The idea of "bragging" that I'm an agent, "let me be your agent", "I'm the best agent" doesn't appeal to me (hope I don't offend anyone, that's just how I feel). I really hate marketing myself. I also don't think that working on a team will be a solution to the problem.
    I feel like it was a mistake to start all this, But before giving up my license I've been thinking about going to work for RedFin as an associate for now. They give you leads. Your job is basically open houses for clients and be present during inspections (maybe some other tasks).
    I'm just looking for some advice from you guys. Don't judge me please:) Peace to everyone.

    submitted by /u/I_am_a_future
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