They always eat free breakfast burritos on the lucky days or muffins, on not so lucky and drink coffee. Even though from the outside it seems like a very nonchalant thing to do, but there are couple reasons on WHY it is important to choose a realtor that actually SPECIALIZES in the area where you want to buy and regularly attend those silly looking caravans.
The reasons are:
1. You have to stay in the loop. Staying in the loop means not only knowing your inventory and the area you are working in. It also means being aware of Existing and Current product thatâ€™s on the market right NOW. It means knowing of a condo that was just listed this morning 2 blocks away from your office. It means knowing that the reason this listing is priced $200,000 less than the one right above it, is because it has a horrible chopped floor plan or no parking, OR that owner died on the property.
2. Possible knowledge of a place thatâ€™s just about to come on the market next week, and havenâ€™t hit the MLS yet, itâ€™s about showing it to your client as soon as possible and have a chance to submit the offer on it before other potential buyers have even seen it!
3. Itâ€™s about knowing other realtors. There always 2 agents to a transaction. Not always but mostly. There should be 2, especially if you are a buyer! Understand please that the listing agent first and foremost has an established relationship with a seller! He has an agreement in writing saying that he acts on the behalf of the seller FIRST. How do you expect him to seriously negotiate the best price for you OR terms?.. After all this time in real estate, I still donâ€™t understand why people do it. Buyers agents are free for you, their service is paid by the seller, or more clearly listing agent, so why would you not use a professional loyal and FREE representation if you could?.. But anyway this is a topic for the whole other blogâ€¦ So, knowing realtors is very beneficial. Believe it or not people like to do business with people they LIKE. If Iâ€™m a listing agent and I have 2 offers from 2 different agents, exact same terms and price, and I know one agent, since I see her all the time on the caravans and we have our little chit chat conversations and weâ€™ve done business together, of course I will go with that offer! You want your realtor to be known in the area you are working and likable. It just wouldnâ€™t hurt in the future, trust me.
4. And the last thing, Brokers Caravans are simply inspiring. The truth is, Real Estate is not a job, itâ€™s my own business. I am my own motivator. I make myself get up every morning and make things happen. I am not judged by the hours, I am judged by performance. So every time I come to those Thursday Morning meetings, and see a new hot listing that just came up, it makes me want to go out there and call my buyers, investor friends or find leads and be the one to assist them to purchase that property.
So, this morning I came back from one of those Caravans. There were some amazing deals pinched by new developments as well as resale agents. Park Terrace, for example in East Village Downtown San Diego is selling out their last couple 1 bedrooms. They are going in $300â€™s. Great buy, since the building is one of a few that are FHA, and VA approved, as well as located right across the Padres Ballpark.
Also, that amazing condo listing at the Legend I blogged about yesterday, Iâ€™ve actually physically gone to see and itâ€™s simply awesome! Just like on the pictures you are looking directly into the Ballpark! Wowâ€¦
Another one I really liked was on Columbia street, itâ€™s more for people that donâ€™t necessarily need high rise living but want to stay downtown. Itâ€™s a beautiful Jonathan Seagals 4br 4ba masterpieceâ€¦ Definitely worth seeingâ€¦ For those who donâ€™t want to compromise the space and light for Urban Livingâ€¦
You can always contact me for some additional info on those or other Downtown San Diego Condos
Prudential California Realty