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Agent2Agent in Multnomah County : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling2
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Activity 25
Fri Mar 3, 2017
Dawnpar1963 asked:
Mon Feb 15, 2016
joyceli777 asked:
I used to work as a real estate agent in New York before changing my career. I just got accepted into a grad program in OHSU in Portland, Oregon and will be relocating there. My impression…
0 votes 0 Answers Share Flag
Wed Dec 17, 2014
Tom Inglesby answered:
Price is determined on how hard it is to get to and dig and repair it. Get some bids from companies. I have some names that I have used in the past just email me. Thanks Tom Inglesby, RE/MAX ... more
0 votes 12 answers Share Flag
Mon Aug 4, 2014
Annette Lawrence answered:
"Trust me, I'm from the government."
It's creepy.

Examine North Korea, Cuba, China, Turkey, most middle east countries and observe how a society can be distorted by controlling the information they consume.

When there is only ONE SOURCE of real estate information available to the consumer, TRANSGRESSION WILL OCCUR.

But not against the real estate professionals here. "Trust me, I'm from the government."
... more
0 votes 19 answers Share Flag
Tue Oct 8, 2013
Jonathan Dalton answered:
Not particularly. And as far as I'm concerned, the IRS can stay closed. Ain't no one going to miss them.

Seriously, for me, it makes more sense to focus on the buyers and sellers who still are out there, living their lives every single day regardless of whether they can take their kids to the Grand Canyon because the moose out front says it's closed.

Haven't seen any indications that lending's going to freeze because of the shut down; didn't happen when the government shut down in 1995, at least not to my knowledge.
... more
0 votes 9 answers Share Flag
Sat Apr 13, 2013
allan erps,ABR,SFR answered:
If I lived & worked in Portland, ME as their Realtor®!!
0 votes 11 answers Share Flag
Tue Apr 2, 2013
Kirista Trask answered:
We have a sign up in our office and it says,

"Remember that in order to be successful, you must always be taking care of your clients, but also more importantly.. you must always be looking for new business."

When I was first in the business my foresight was very limited I was looking only a couple months ahead. Now I have business strategies that are long term as well as short term.
... more
0 votes 5 answers Share Flag
Tue Mar 6, 2012
Barbara Carbone answered:
Most Pearl condos have a 30 day minimum rental policy. I recently did a bunch of research on this being that many of my clients are looking to rent out. I know that North Park Lofts (8th and Flanders) is rentable by week. My associate and I sold one in there last summer to someone that rents it out weekly.

Try calling the management companies instead - if your client is interested in a certain unit go ahead and call who-ever is managing it and they can tell you the exact rental policy.

Hope this helps!
Barbara
... more
0 votes 1 answer Share Flag
Wed Dec 22, 2010
June Lizotte, Retired Broker answered:
I have often gotten the question by buyers "What should I offer?" I offer the facts of thorough CMA, which should be as close to true comps as possible. I always try to tell them to lean toward being within the current average % of list price home have sold for....have them offer based on actual data rather than trying to lowball the seller. Then you have to let the buyer tell you what they feel comfortable with. (It must be their idea...make your client the powerful ones. ) You as an agent can suggest the various ways they can present the offer for the best possible response, give them choices....but always be realistic with the buyer if they are out of the range of reason. If they want to lowball you must know this well in advance of showing property...you could be wasting your time and if you want to give them one opportunity to learn by be sure to reeducate them after they have their first offer rejected. Train your buyers to know the limits (reasonable percentage of list price that homes sell for)....based on the actual stats provided in RMLS. This will go a long way in getting to a closed transaction.

On the other hand....Listing agents should use the same data...don't list higher than what the comps show...not even if the seller tries to convince you to do it their way for a while. if they insist tell them they need to pay you up front for the advertising that you have to incur to try to make their property appear worth more than the market will allow. That should help bring the point home. It's best to hold true to the market or walk away from an unrealistic seller rather than waste your precious time, energy and money.

All the Best and Merry Christmas!
June Lizotte, Principal Broker, GRI
Providing REAL Service
june@junelizotte.com
503-310-8032
... more
0 votes 7 answers Share Flag
Mon Dec 20, 2010
Kaira West answered:
I am definitely seeing the Portland market picking up. This is normally the slowest time of year for me, but it seems that things are much busier than normal. Rates are phenomenal, and there are still a lot of great buying opportunities out there, so I think people are beginning to feel a sense of urgency. ... more
0 votes 15 answers Share Flag
Mon Nov 1, 2010
Dave Sutton answered:
If you have not checked it already, www.CraigsList.com is a good source of rentals
0 votes 1 answer Share Flag
Mon Apr 26, 2010
The Stephen FitzMaurice Team answered:
Sat Apr 10, 2010
Annette Lawrence answered:
Stephen,
Congrats on your success! You are facing the problems we all hope to face soon.
A single agent can typically handle 40 or so full service transactions a year with the help of an assistant.
Adding overhead and complexity by growing your enterprise, which you are considering at this time, is one option. There are others you may consider also.

Have you analyzed if there is an opportunity for alternative streams of income leveraging your existing volume?
Is adjusting your target market an option for increasing your average transaction?
Have you considered creating a referral business?

Lastly, adding a buyer agent to your team (listing agent & administrative assistant) seems the next best step.

Have you projected the ratio of transactions per team member?
Will your volume go up 3 to 5 times current volume with the additon on one agent?
Identify the teams in your market who are performing at a multiplier level. Seek a consultation.
Be advised, before you drink the cool-aid, verify the facts.
... more
0 votes 5 answers Share Flag
Wed Feb 17, 2010
Jeanne Feenick answered:
This is most helpful - and I agree with other posters - I am most active on Trulia and have gotten most leads from this source. However, I must say that it has been quiet recently. I too am not fond of Zillow - began there but in time have shifted exclusively to Trulia. The mood on Zillow was so negative - and I think consumers picked up on that. Those that have found me on Trulia preferred Trulia to Zillow.

On Trulia I do pay for a Spotlight Ad - can't say that I have proof that it has resulted in a lead yet. The activity that I have generated from Trulia has come from my participation in the Q&A. I have given some thought to the featured ad but think it needs to be tested first.

On to Realtor.com - at the moment my listing volume is down and yet I have this gorilla sized bill - I find Realtor.com to be the big gorilla in every way, including its non-negotiable terms. I would not be unhappy if Trulia and/or other sites unseated it. You have to be there - Realtor.com knows that , and they carry a big club as a result. Every year when I pay my big Realtor.com bill, I do so with the hope that they'll get a real run for their money from other more forward looking sites/resources.

But then again, I always go for the David's in a David and Goliath fight ;-)

Good post!
Jeanne Feenick
Consistently delivering results in NJ
Learn more at www.feenick.com
... more
0 votes 14 answers Share Flag
Tue Feb 9, 2010
Annette Lawrence answered:
Stephen, my responses to your questions are below.
REMAX.com provides loads of leads to all agents in the ReMax system. Citizens call my ReMax office to list their homes because they see the overwhelming presense of the ReMax brand throughout their community. Many I have talked with call ReMax because ReMax is the only brokerage their entire family uses. To deny the power that an internationally recognized brand adds to a competent agents arsenal it to ignore all the principles of marketing which we all practice. However, this is not responding to Stephen's questions:

1. Best spits. ReMax brokerages are independantly owned. Agents can negotiate the best terms for them. After all, we are expert negotiators.

2. Leads. Monthly...well I recceive about 4 a day. This count will increase significantly as the ReMax REO program gets traction. The number of leads I receive is also dependant on the manner in which I utilize the tools within the ReMax Leadstreet system. Better still...these are my leads and the brokerage does not pass referral fees or lead fees to me. I really LIKE that! An entire marketing system is available...leads....website..TV Ads...Billboards...CRM....international branded search portal... I like that too. That's a few of the 25 benefits I enjoy through ReMax. And of course, everyone knows ReMax is the pioneer and leader in agent training resources via industry leaders. No peer recruiting, no rah, rah, and no 'books' to peddle...just hardcore marketing tools and massive internet presence.

Newer agents are able to maximize ReMax Leatstreet benefits to an even greater exent because they are not encumbered with legacy systems veteran agents have become over-invested in.
... more
1 vote 4 answers Share Flag
Thu Oct 29, 2009
Kate Barnhart answered:
For some reason, my listings all have to be manually entered. Maybe Trulia is not linked to the MRIS (or Realtor.com) site? Does anyone know how to change this? I hate noticing that my listing doesn't come up on a search here. ... more
0 votes 3 answers Share Flag
Mon May 11, 2009
Sarita Dua answered:
Hi Jason,

I have one that will be in the computer on Wednesday. It is a detached home in Arbor Reserve. Call me if you want more info.

Sarita
Sarita Dua
The Hasson Company
503-522-0090 ... more
0 votes 2 answers Share Flag
Fri Apr 17, 2009
Sharon Go answered:
@ Brian - great answer! It's definitely a low cost way to be eco-friendly. Any particular brands you recommend?
0 votes 6 answers Share Flag
Fri Dec 12, 2008
Tom Inglesby answered:
It is a townhouse in a group of town homes. This shows pending now when it dropped to $170,000. Some of these sold in 2002 for $172,000. There are many great deals like this in Portland and they will support the rental market with a positive cash flow at these low prices. Give me a call if you would like to find out about others?

Tom Inglesby, Broker
ABR,CRS, EA S.T.A.R. eco broker
RE/MAX Equity Group Inc.
503-319-9035
... more
0 votes 1 answer Share Flag
Sun Nov 23, 2008
Bill Eckler answered:
Despirate times require despirate measures.....

Brokers are resorting to any means necessary and available to cut overhead.....closing offices, decreasing services to agents, eliminating paid staff, cutting advertising costs etc. etc.

It would be speculation but I would estimate that very nearly 100% of agencies are utilizing some form of cost saving measures. We have seen no statistics to support this.
... more
0 votes 4 answers Share Flag
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