Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Agent2Agent in Detroit : Real Estate Advice

  • All1K
  • Local Info90
  • Home Buying790
  • Home Selling80
  • Market Conditions70

Activity 9
CreativeRea…, Real Estate Pro in Oak Park, MI
Wed Feb 10, 2016
CreativeRealEstateDeals answered:
We offer Fast Hard Money Loans for Refinancing, Purchases, Rehab Loans, Private Money.

We can fund your deal in as little as 7 days. Application is fast and simple.

Contact Al at: 734.564.4640

Unlike other lenders, we focus almost completely on qualifying the value of the home rather than the borrower, resulting in a fast, simple approval process remarkably free of hoop jumping. In other words:

No credit check and no credit reporting
No income verification
No asset verification

Is this your situation?

- Do you need some cash to finish a rehab?
- Did you get turned downed by another lender even though you had a big down payment?
- Do you want to finance your property and keep your cash for rehabbing?

Contact Al at: 734.564.4640
... more
0 votes 57 answers Share Flag
Jeri Patrick, Real Estate Pro in Pooler, GA
Sun Sep 27, 2015
Jeri Patrick answered:
I would contact a few real estate offices and speak to the broker to see how to start that process.
0 votes 1 answer Share Flag
Charles Lee, Other/Just Looking in 90069
Tue Mar 13, 2012
Charles Lee answered:
Felix Hung, Real Estate Pro in Huntington Beach, CA
Sat Sep 18, 2010
Felix Hung answered:
Nicole Ocean's response is most accurate. To answer your question: YES.
0 votes 13 answers Share Flag
Tom Lipinski, Real Estate Pro in Shelby Township, MI
Thu Sep 2, 2010
Tom Lipinski answered:
Hello Callista,

I would be honored to assist your client with finding a perfect home in Detroit. I have been working full time since 1992 and am familiar with the entire Metropolitan Detroit market. Whether in Boston-Edison, Indian Village or other historic neighborhoods I will make it easy for them to find the very best home at a price they are comfortable with.

Best regards,

Tom Lipinski
... more
0 votes 2 answers Share Flag
Temi Akojie, Real Estate Pro in Upper Marlboro, MD
Tue Jun 22, 2010
Temi Akojie answered:
I just switched over to Keller Williams after a year of being a realtor and I realized I was missing out on a lot. I took their camp 443 boot camp with some brand new agents who are now on a role and its only been 4 months.

The magical answer? Lead generation. Our first sales and rentals have come from people we know and network with. Right now buyers and sellers are looking for people they can trust not just a sign on a bill board. Start with the people who trust you, treat them right, and don't be afraid to ask your mentor questions when you don't know something. Also, put yourself out there in your community. Volunteer at events with your company shirt on or name badge. Go to business networking events that have nothing to do with real estate but make sure you have something on that introduces you as a realtor. Right now real estate is the talk of the town and you'll find people come to you before you go to them.

Hope this helps

-Temi Akojie
Keller Williams Preferred Properties
Office:240-737-5000/ Direct:301-337-REAL(7325)
takojie@kw.com
www.lesshomesinforeclosure.com
REAL Market, REAL Agent, REAL Results
... more
0 votes 6 answers Share Flag
Christopher…, Real Estate Pro in Chicago, IL
Tue Apr 14, 2009
Christopher Thomas answered:
Dear Anna,

I don't know if you're just curious or considering entering the business. If it's the latter, I'd suggest reading "Your Successful Real Estate Career" by Kenneth Edwards. It is a really good overview about starting out in this business.

My biggest dislikes in this business are all related to Realtor behaviors actually. There are a few basic areas in which I'm referring. One is the everyday on the street Realtor behavior and the other is the behavior of our representative Associations (i.e. the National Association of Realtors, and local Realtor Boards and Associations).

There are many Realtors practicing who do not adhere to the standards of behavior and practice that the Realtor community expects (and that consumers should expect). Michael from Hamburg NY gives a great example of that in his answer. There are many things that should ALWAYS occur in any transaction (like pre-qualifying buyers over the phone and having buyers sign Buyer's Brokerage Agreements- which virtually no agents do in Illinois at least). But because of the sloppy and common past practices of these many Realtors consumers do not know or realize when they are being served well or under-served. In some cases adhering to the true standards of practice in real estate brokerage can put you as a Realtor at a competitive disadvantage against other Realtors who are not "demanding" the same things from their consumers or clients.

The second edge of that particular sword however is that if you are the agent that tends to do things by the book, you often have much more happy and well-informed clients who understand the value that you bring to transactions (as well as much less legal liability).

Our local and national associations of Realtors could and should do a much better job of setting expectations for and educating consumers about what they should expect from their Realtor. Susan is very right about educating consumers, but I think that the associations that I referred to earlier are in a much better position to do that than we as individual practitioners are. Although I can acknowledge that local practices may make it difficult to have a uniform national message about what clients should expect, the local and regional associations should be able to pick up the proverbial ball a bit and run with it with respect to local variances in real estate practice.

The only other on the street practice that I sometimes have a hard time with is people who say or ask things that are legally actionable (meaning someone in the room speaking of listening could get sued over them). This most often revolves around people making statements about someone's ethnicity, race, national origin or sexual orientation. Acknowledging what was said and dealing with it in a positive way that does not completely obliterate the relationship (either with the client or another agent)- those can be trying conversations.

The rest of the real estate business can be handled with good humor including clients who are abusive, clients who conveniently forget things that are problematic for them (or cost them money) and delivering "bad" news to clients. There is nothing to fear in real estate except fear itself (and occasionally other Realtors).

Sincerely,
Christopher Thomas
Broker Associate, Sudler Sotheby's International Realty
773-418-0640 (cell)
christopher.thomas@sothebysrealty.com
http://www.myagentchris.com
... more
0 votes 25 answers Share Flag
Perry Wong,  in Saratoga, CA
Wed Oct 15, 2008
Perry Wong answered:
Jim,

Partnerships can be quite difficult. I entered into a partnership with an agent in my office with similar experience as myself and hoping for accountability, energy and efficiency. We spent countless hours working on incorporating our business plans, hiring an assistant and hashing out the fine details. We felt our partnerships would incorporate each others strengths and support each others weaknesses. We had limited success, but what we didn't count on were our differences of personality. It was like a marriage to someone after only knowing them for a short while. We were great on the surface, but behind the scenes had such different goals. That is what ultimately prevented us from having a successful partnership.

In your case it sounds you have a thriving business with systems in place to both generate and handle the business. My suggestion is to speak with some other partnerships, whether in your office or at other offices, and see what makes them successful and what their pitfalls have been. Because you are the experienced partner bringing most of the business and systems to the table, you are more than likely entitled to a higher percentage. This is something you will have to discuss with your prespective partner and see what is fair and amicable to each. There are so many logistical hurdles you must overcome...Will you be splitting all your business including past clients and sphere of influence? Will you split the costs/fees equally? How will the names be on all your marketing material? How will you handle listing appointments (who talks)? Who will be the contact person for current clients? I'm sure there are a ton more questions that will need to be discussed. If you are looking for more time off, perhaps a good assistant might work. If you are phasing out of the business, then a partnership might be ideal.

All the best,
Perry
... more
0 votes 1 answer Share Flag
Search Advice
Search

Followers

224