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Agent2Agent in Kentucky : Real Estate Advice

  • All116
  • Local Info6
  • Home Buying68
  • Home Selling13
  • Market Conditions0

Activity 36
Mon Mar 6, 2017
Alaya Haygan Garrett asked:
My fiancee graduates after I do, she plans on moving in afterwards. I'm not sure if I should start looking at homes now or wait closer to my graduation date.
0 votes 0 Answers Share Flag
Mon May 23, 2016
Richard_mchone5 asked:
Sat Feb 13, 2016
Kathy Burgreen answered:
From a former realtor here are my tips & advice:

1. DON'T GET YOUR LICENSE!!

2. Before you even register for a pre licensing course, visit several brokerages (different companies) and ask what the fees are for new agents. Typical fees are brokerage, MLS, lockbox, office or desk use, legal. Also ask about commission splits. This means that for every sale you close, the commission is paid to the brokerage, they take their portion and give you the balance. For your portion, you will need to pay income taxes, health insurance, reimburse yourself for upfront marketing expenses and have some left for monthly expenses.

3. How is your selling & marketing skills. Are you VERY comfortable speaking with strangers, knocking on doors in your area, walking up to people, cold calling all the while informing people that you are in real estate and your goal is to get buyers and sellers to work with you and that you are better than anyone else they know.

4. Do you have a database of people you know personally that you can use to get them to work with you buying & selling real estate? If you have to resort to buying leads it is very expensive. Sorry, but it's not the broker's responsibility to provide leads for you. Brokers expect agents to get their own leads.

5. How long have you lived in your neighborhood? If you've lived there 5 yrs. or less, take time to drive thru every street, study every house, building, etc. Just know where everything is located.

6. When you visit the brokerages, ask how many realtors are in your county. This is your competition. Every realtor is going after the same sellers and buyers. Yes it's a cut throat industry. Once you're established after about 5 yrs. it gets easier.

7. Finally, how is your budget. As a realtor, you are self employed. With all the fees you will be required to pay upfront + marketing expenses, so you have enough cash to pay for all this. Bear in mind you will not receive any paychecks until you close a sale. This could take 6 - 12 months. If you work part time in real estate & full time at another job, it will take much longer. Also, it will be difficult explaining your part time status because buyers & sellers want full time realtors. They expect you to be available on their schedule - not yours.
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1 vote 1 answer Share Flag
Tue Jul 28, 2015
Brian Taylor Clark answered:
Start by calling some firms around town. Are there any agents that could you assistance during this busy time? You can pick up invaluable information just by shadowing a successful agent around. Write a personal email to several agents you'd like to potentially shadow under and see if you can get some responses that way. Maybe ask to meet with them over coffee and pick their brain. ... more
0 votes 1 answer Share Flag
Mon Mar 9, 2015
Carol Mazur answered:
The best real estate coach answer I can give you is to interview more than one real estate company and weigh all of the factors. Create a comparison list.

What benefits does the company offer?
What is the commission split?
Can this be negotiated if experienced?
How does the office environment feel to you.
Where would your desk be located.
Are their other monthly fees?
How busy is your manager?
How about access to training?
Will management make time for you?

Real Estate Training is another factor to consider. Is the training program they offer for advanced agents, new agents, or both?
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1 vote 10 answers Share Flag
Fri Oct 24, 2014
joplatt12 answered:
Tue Oct 21, 2014
Ernie Behrle answered:
To be honest, I spend just over $200 per month with Trulia and the return has been very worth while to me. Yes, you have to weed through a lot of junk and most leads don't even respond to you..but I have found that even those non responsive ones, if I have included them in a drip mail campaign where they are getting personal, not canned, emails from me every 2-4 weeks, has eventually produced a sale. One of my two listings right now is a Trulia lead as well as was my last closing. That closing more than paid for an entire year on here. ZILLOW on the other hand is a waste of time. Their referral system caters to the larger team concepts as they have told me, the more reviews I have, that's when the leads kick in. As an independent agent, I can't compete against some of the agents who may have 6 or more agents from whom they are getting all the credit for. What burns me, is they gave me the big sales pitch about how they are the largest real estate site in the country and the leads would come pouring in. I invested and after 3 months without a single lead, that's when they started telling me about needing 12-14 reviews before anything would really happen. I could go on and on about Zillow but I am sticking with Trulia . ... more
0 votes 9 answers Share Flag
Mon Oct 13, 2014
Sam Shueh answered:
interview a few name brokerages asking them if they will reimburse your tuition upon 1st transaction.
0 votes 13 answers Share Flag
Mon Oct 13, 2014
Sam Shueh answered:
You need to investigate wisely on lead sources. It is best to get from realtors, property managers outside the area. They have already screened or talked to the prospects and are legit. Active Rain has lots of stats on conversion rate. Trla will merge with Z in a couple of months. So I don't know how it is going to work.

All in all, there are 100s of companies who will call you constantly claiming to send you leads. So are the internet web SEOs wanting to put you on 1st page of the internet.
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0 votes 6 answers Share Flag
Thu Jul 31, 2014
Judi Monday, CRS answered:
I definitely think it is worth the cost since in today's world web appeal is probably as important if not more so than curb appeal. Most people don't take time to read but rather base their first impression on the photo that is shown--it will make the difference between someone clicking on the listing to learn more or passing it by for a photo that captures their interest. ... more
0 votes 9 answers Share Flag
Wed Jul 30, 2014
Michael Thacker asked:
Louisville agents, inventory improving, staying the same, or getting more scarce. What do you see in your area?

Michael Thacker
Realtor
http://www.MichaelThackerRealtor.com
0 votes 0 Answers Share Flag
Mon Jan 20, 2014
Traci Felix answered:
Absolutely, I would be glad to help anyway I can. I have my ABR and a lifetime resident of Lexington so I know the city well. Please review my profile and contact me anytime.

Traci Felix, Realtor, ABR, e-Pro
Rector Hayden Realtors
Lexington, KY
859-333-6079
tracifelix@rhr.com
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0 votes 5 answers Share Flag
Mon Dec 2, 2013
Amy Hadady answered:
Hi Randall,
In addition to what everyone else has said, I want you to know that I base my business on honesty. I am a Realtor your client can trust. When a person moves from out of town, they need someone that is a good communicator and a good listener. 80% of my business is as a buyer's agent, it is my passion helping people find a place to call home. I hope you will contact me if you want more information. 859-494-7661. I am ready to work for and take care of your client! Thanks.! ... more
0 votes 7 answers Share Flag
Mon Dec 2, 2013
Andy Strickland answered:
Latoya, my reply to you says I am from Nashville.....totally incorrect!
I live in Lexington

Andy Strickland
0 votes 2 answers Share Flag
Wed Nov 13, 2013
Michael Thacker answered:
I used Thornton online and was very pleased with the class as well as the support that is offered should you have a question during the process!

Contact me directly should you have any other questions. I would be glad to help!!

Michael Thacker
REALTOR
... more
0 votes 6 answers Share Flag
Wed Sep 11, 2013
Michael Thacker answered:
Wed Aug 14, 2013
Annette Lawrence answered:
Yes you are.
Yes they do.
Will you?
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Just like anyone starting their own business, I am confident you invested the time and energy needed to analyze the elements of your businesss. In so doing, you know what your business is about, You know who and what comprises your prefered business. You know how many whos and whats exist in Pikeville, KY? You know the income that can be derived and the costs associated with being in the real estate business. You have chatted with other professionals and understand what the REAL expertise is that is REQUIRED to make you successful.
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The outcome of such research allow you to develop a general business plan concept. From this you will be able to identify the brokerage best qualifed to help you acheive your goals. This choice is crucially important.
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If you have done none of this, your effort is comparable to a business owner shouting, "My store is open for business!" Failing to do proper research, this businesss owner may be attempting to sell refurbished pacemakers. Sounds like a good idea....but can't succeed for so many reasons.
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It is never to late to actually invest what is required to know the business you want to start. If you don't, by default, you will be in 'residential sales' like everyone else who shouted, "My store is open for busness!" 95% of newly minted real estate agents will never see their 2nd aniversary. These newly minted agents actually BELIEVE what other agents tell them. What they hear is "Get more training" and think that is a good substitute for preparation. They will find within two years, this is wrong. You will not earn a dime occupying a seat in a office room 'get'in more training.
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The real estate business is the most amazing business on the planet. It provides opportunity for EVERYONE who is commited to the goal of success. There are a 'gazillion' ways to acheive success. Unfortuneately, none of the roads to success can be found by those who fail to prepare.
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I wish for you the very best in success.
You may want to pick up the phone and call a few prominate real estate professionals in your area. It is AMAZING how much real estate professionals will share regarding to the secrets of this business with those who exhibit a commitment. Such a commitment often means overcoming ones fears, calling somone you don't know, and asking of them a great favor. This will be your first step in understanding the cooperation real professionals offer one another. Don't take my word for it. Pick up the phone and call a Pikeville Ky real estate professional or two.
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0 votes 2 answers Share Flag
Fri Apr 5, 2013
Laura Feghali answered:
Hi Lisa,
I suggest that you contact Trulia to correct your listing (maybe it's a previous one showing on the site currently?). They can be reached at: 888-466-3501 M-F from 7:00am-4:00pm PST. They should be able to make the corrections or instruct you on how to do so.

Best wishes!

Laura Feghali
Prudential Connecticut Realty
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0 votes 2 answers Share Flag
Tue Jul 31, 2012
Suz A answered:
Hope you get it worked out, Robin. Most of us want immediate results. I don't know if that is a realistic expectation. Buyers have to see your name a number of times before they contact you. That's why I asked how long are you talking about.

Best regards,
Suz
... more
0 votes 5 answers Share Flag
Tue Jul 24, 2012
Emily Erekuff answered:
Hi Roger,

Our data shows that you have received several leads in the 40503 zip code. These might not be tracked as part of your Local Ads leads, but are likely influenced by your ad. I'll ask our Customer Service team to give you a call to review those leads with you and to see if there are ways that you can optimize your ad to generate more leads.

Best Wishes,

Emily
... more
0 votes 3 answers Share Flag
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