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Nottingham : Real Estate Advice

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  • Local Info5
  • Home Buying0
  • Home Selling1
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Activity 3
Thu May 12, 2016
Jackie21236 asked:
I want to sell my house without updating. Lived in house for 20 years. New roof and heat pump/AC 3-4 years ago. If I do not update with new appliances But provide a home appliance warranty,…
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Mon Jan 18, 2016
Kathy Burgreen answered:
As a former realtor, there are questions to ask yourself before studying to get your license:
1. How are sales skills - do you feel comfortable walking up to strangers and telling them you are in real estate and asking them if they know of anybody who is planning to sell or buy in your area and giving them your business card.
Do you feel comfortable knocking on strangers doors and speaking with owners asking them if they plan on selling anytime soon.
Do you feel comfortable asking people in your place of worship, grocery store, etc. if they plan to buy or sell soon & giving them your business card.

2. What is your budget like? Do you have the money available to spend on broker fees, legal fee, lockbox fee, MLS fee, business cards, advertising costs, higher cell phone bill, printing costs, etc.

The truth is the first 2 years will be very expensive starting out because it takes months before you get a commission check and you end up spending more money than you earn. Also brokers are not required to give you leads and they expect new agents to get their own leads. Remember you are self employed and you are expected to have friends, relatives, co workers from previous jobs, neighbor's, etc. all of whom you can give business cards to and you hope will give you leads to people buying or selling in your area.

Think this thru carefully before you spend money for a license.
... more
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Wed Nov 19, 2008
Jonathan S Tucker answered:
Steve, Yes you can sell them to the corporation. Since you are changing ownership, you would need to pay the transfer & recording taxes/fees. Check with your accountant as to how to value the properties in a closely held transaction. Thanks, Jon Tucker, RE/MAX 100, 443.538.4316 ... more
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