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33570 : Real Estate Advice

  • All16
  • Local Info2
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 12
Thu Aug 18, 2016
Kathy Burgreen answered:
I'm a former realtor and yes I sold some properties my first year BUT you need to understand some realities of the industry first BEFORE you sign up for classes to get your license:

1. Realtors are independent contractors (self employed) who are working under a broker. They are NOT employees and DO NOT get regular paychecks.

2. Your income is based on your sales and you get paid when a real estate transaction closes. Not every transaction closes and you need to be prepared for spending time with clients who don't buy or sell and therefore you don't get paid at all.

3. You will need to spend money as soon as you get your license. You will be required to pay: broker fee, errors and omission fee / legal fee, MLS fee, lockbox fee, training fee & possibly desk fee. In addition, you need to spend money on advertising yourself, business cards, photographer, supplies, gas, cell phone data plan, etc. Sorry, but none of this is free.

4. How much money do,you have in savings? With all the expenses in #3 and the fact that you will not get a commission check for at least 6 months after you get your license, how will you support yourself and your 4 children for 6 months without a paycheck?

5. It is very rare for a new realtor to close a sale within the first 3 months after getting their license. In most cases this only happens because the new realtor had a family member who was buying or selling and refused to work with an experienced realtor who is not family. The majority of new realtors make their first sale after 1 year. This means no paychecks for the first year AND plenty of $$$ spent on business expenses.

6. There are some new realtors who had very strong sales and marketing experience in their previous experience (like me) who are successful in their first year. BUT I will be the first to admit that if I didn't have my strong background in sales and marketing, I would have never made a single sale. Another type of experience is if you owned a business before - especially if you worked in financing, property management or a real estate attorney's office.

7. As a Mom & I was a SAHM for 12 years too, I would get a regular job with a regular paycheck and hold off real estate until your children are finished with school. Right now, they need a mother with a steady income. Real estate does not give you a steady income.

8. As for controlling your own schedule - sorry, but you don't have your own schedule in real estate. You are working for buyers, sellers and renter's. They are your clients and paying you to be there at their convenience - not yours. Sorry, but in real estate you are always on call. If you plan to work part time or set your own hours, be prepared to lose some clients quickly. In the Internet age, buyers and sellers have other agents to go to and they don't care if they dump you.
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0 votes 2 answers Share Flag
Fri Apr 10, 2015
Diane Christner answered:
If the review was 100% accurate, shouldn't you want to let other potential customers know why you were unhappy with that agent? Does an apology erase the behavior?
0 votes 1 answer Share Flag
Mon Nov 10, 2014
Annette Lawrence answered:
You must address your concern to the agent you hired.
if the outcome is not satisifactory, you can escalate to your agents broker.

Be aware, TRULIA is NOT a professional real estate website. Your agent may not have control over what sites like Trulia display.

Are the RIGHT images being displayed on the MLS and other PROFESSIONAL websites?
Have you subscribed to a limited service, or flat fee plan with your agent?

Finally, many agents do not waste time on websites like Trulia therefore do not have an account. Use the Find An Agent feature and see if your agent does have an account. If the answer is 'yes', there is very likely an easy solution, providing you made the right choices regarding level of service.

Best of success,
Annette Lawrence, Broker/Associate
Remax
Palm Harbor FL
727.420.4041
More about CIS Score: http://bit.ly/1uHGE3K
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0 votes 1 answer Share Flag
Thu Jun 20, 2013
Thana Mayes answered:
I would look into your county tax records to find out the information as far as the owner.
0 votes 7 answers Share Flag
Wed Apr 10, 2013
Stephen McRory answered:
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What sales price, rate, closing costs and post of pocket money have you been quoted so far?

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0 votes 1 answer Share Flag
Mon Oct 22, 2012
Tom Miller answered:
I am a little surprised by the answers that say you should use the listing agent. The bank/seller is probably paying the same sales commission, so why not have someone that is looking after your interests? Short sales are so complicated, it seems that it would be good to have someone on your side. Do you have an agent you trust in your area? ... more
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Sat Sep 8, 2012
Jeff Metcalf answered:
I can't find info on those homes. My recommendation is to call any real estate office in Ruskin and they can give you the most up to date info to include price, fees and status.

Try Yellow Key Realty
(954)369-1486

Good luck!

Jeff Metcalf, REALTOR(R)
Watson Realty Corp.
(904)495-0115

www.Realty2Reality.com
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0 votes 1 answer Share Flag
Sat May 14, 2011
Alma Kee answered:
Contact your association board of directors. The ratio may have already been reached in your community. If your community has a professional property management firm they may also be able to tell you if the ratio has already been reached and whether or not you can sell to a non-55+ buyer.

Good luck!

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
13045 Linebaugh Ave
Tampa, FL 33626
www.SoldOnTampa.com
813.244.9898
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1 vote 1 answer Share Flag
Thu Nov 26, 2009
NA answered:
Hello MS.

As you know by now the 1st time home buyer tax credit has been extended. So if you have not found that perfect home yet, you are in a great place to be looking.

Please be aware that there are plenty of new homes available that will offer you a great savings and value for your money. If short sale and foreclosure are your interest, there are plenty to choose from.

If you have not established yourself with a Realtor to help you with your purchase, you should do so right away. I would be happy to assist you as your area of interest in one of my specialties. Contact me and we can begin to search for something you desire.

Please update the board if you have gone through with a purchase and loan using BOA as we are hearing many stories of delay and it would be nice to have some honest market feedback.

Michelle Niemczyk, Realtor
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0 votes 5 answers Share Flag
Sat Apr 18, 2009
Bill Eckler answered:
L,

Our position is that it's always best to try to resolve your issues.....many times the service and committment will increase beyond your expectations. It's sometimes difficult to be direct and express your concerns but doing so can make the difference.

Good luck
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0 votes 4 answers Share Flag
Thu Jan 22, 2009
Kimberly Miller answered:
This property is still under contract with a closing set for 2/6/09. Until the sale is final, I would not be able to get you the sale price. If you check with me after 2/6 I will be able to get you that information. ... more
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