Archive for the ‘agent’ Category

Real Estate Agent Referrals

Ask most real estate agents and they’ll tell you that they want to market themselves better on the Internet. You see there’s an entire industry built up around ‘helping’ the real estate agent market themselves to consumers via the Internet. A host of companies, seminars, speakers exist and all promising the ‘secrets’ to ‘unlimited income’ through the online marketing. Of course, most of these services have a price tag associated with them in the form of a non-refundable fee. They get paid whether or not the real estate agent makes one dime from their program. That’s why there’s so much turnover within the real estate agent ranks. New agents looking for a way in to the highly competitive field are easy targets for ‘get rich quick in real estate’ schemes.
Real estate agent referrals
But what if they could find an online marketing leader to market their real estate services on the Internet without having to pay anything up-front? What if they could receive leads that have already paid for services and just need someone to fufil them? bloomkey.com has just launched a beta edition of it’s Real Estate Agent Marketing Platform to do just that. Now real estate agents can design and create their own online marketing packages from easy to use templates for viewing by the thousands of real estate buyers and sellers already coming to bloomkey.com every day.

To register for free, visit bloomkey.com.

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NAR campaign slates FSBO’s

NAR says to FSBO’s "Don’t try this at Home"

The National Association of Realtors (NAR) has launced a campaign attempting to dissuade FSBO sellers from not using a real estate agent or broker.

Among their claims is one that states FSBO’s realize less than sellers using a real estate agent – and on the face of it they are right BUT what they don’t tell you is that first of all FSBO transaction go through without up to 7% being taken out of the deal by real estate agents and also that high vale homes tend to be sold by NAR members as such owners don’t worry about the money to be saved by going FSBO.

Looking for pricing figures for the typical American home would give a fairer and more pertinent comparison but unfortunately the NAR hasn’t published those figures – I wonder why ?

See Also

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Don’t Sell Your Home With The Attitude Of Failure

Plan to sell your house and let us help

Selling your home yourself is not as costly. You do not have to worry about commissions or dealing with multiple people to get your home sold. However, there is a great deal of work, less resources at hand, and in some cases more troubles if you decide to sell the house yourself. This is a decision only you can make, so consider both sides extensively. Of course, if you are not in a hurry, you can list the house yourself first. Then if you don’t sell it, you can get an agent to help you.

Many people approach selling their own home this way. If you go in with the attitude that you can go to an agent if your house doesn’t sell, then you’ll likely be listing with an agent in a couple of months. Why not just go straight to an agent right now and save time?

Many for sale by owner sites don’t give any support to home sellers. That’s why many home sellers end up going to real estate agents. At IHS Realty, we have tons of resources for home sellers. We want you to be successful. We want you to sell your home – not just take your money, give you a listing and forget about you. If you need resources, we’ve got them.

See Also

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Here Are A Few Tips For First Time Home Buyers

Experience the joy of home ownership the safe way

Are you a first time home buyer? If so, it can be a frightening experience, but it is also a great joy to know that you can purchase your own home. Here are a few things to keep in mind:

1) Will you live in your home for at least 3 years?

If you are planning to move again in the next 3 years, you may not be ready to buy your own home. You should rent. The reason is your closing costs will keep you in the red for a couple of years. With appreciation, you should start moving into the black again in the third year.

2) Down payment is optional

You don’t necessarily need a down payment. You can join a zero down program with relative ease. Although, you may want to put something down to lower your monthly payments.

3) Get pre-qualified for a mortgage

Real estate transactions hinge on whether you’ll qualify for a loan or not. You don’t want to find a house you like then be denied because you didn’t qualify for a big enough loan. Know how much a lender is willing to risk on your situation before you start looking.

4) List what you want in your new home

Make a list of features and amenities you can’t live without and another list of items you can’t live with. Use those as benchmarks while shopping around.

5) Buy your house as much for the neighborhood as for the house

Get to know the neighborhoods the homes you look at are in. Do they meet your standards and represent your values? You’ll be living in the neighborhood as much as in the house.

6) Consider flat fee services

Flat fee home buying is becoming a big thing. It allows you an opportunity to buy a house and save money on closing costs and even get a rebate on your mortgage. Becauses flat fee home sellers don’t have to pay a commission, you might get a house for less than you would by going through an agent.

See Also

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Report Delivers Insights Into Real Estate Knowledge And Commissions

Conclusion: Knowledge makes a big difference in how much your home can sell for

According to a white paper written by Steven D. Levitt and Chad Syverson, both of the University of Chicago, homes owned by real estate agents "sell for about 3.7 percent more than other houses and stay on the market for about 9.5 days longer."

Levitt and Syverson tested a theory that real estate agents who sell other people’s homes sell them for less than they sell their own houses for. The theory proved to be true according to the report, titled, "Market Distortions When Agents Are Better Informed: The Value of Information in Real Estate Transactions."

Since real estate agents sell houses on commission, they have an incentive to tell homeowners to lower their prices. After all, 6% of $200,000 is not much less than 6% of $210,000 ($12,000 vs. $12,600), and when you consider that the commission will be split in half by the buyer’s agent and the seller’s agent, we’re talking about a very small difference.

But take the same house that is owned by the agent, who sells it himself, and by not lowering the price he will gain a full $10,000 in sales price. That’s a much more significant difference.

This brings up two very important questions for homeowners:

1) If I increase my knowledge of real estate can I sell my house for more?

2) Given that my real estate agent is likely to encourage me to sell for less sooner with little detriment to himself, will I be better off selling on my own?

The answer to both questions, of course, is yes. You can sell your house on your own for more if you educate yourself on your local market and use the right tools. We can show you how.

See Also

  • Dowload our Home Selling E-Guide
    Download our free e-guide to selling your house on your own and learn how you can save money on commissions while selling for a higher price.
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Is Procuring Clause A Home Seller’s Problem?

Something you should consider

Sellers who sell on their own don’t have to worry about the Procuring Clause, or do they?

The Procuring Clause states that an agent who brings a buyer to a home first gets the commission.

Let’s say you are selling a house and a young couple march in with the real estate agent down the street. They look but don’t buy. Two months later, they return and look again – this time, with another agent. You don’t care, that’s their busines – right?

Well, maybe not. Suppose you sell the house to that couple. When the agent down the street gets wind of it, he will likely put his hand out for his 3% commission. If that happens, he could be entitled to it and the second agent could get stiffed. Is that your problem?

The part that is your problem is paying the 3% commission. What do you do if an agent shows up on closing day and claims to be a party to the transaction? It could hold up the sale of your property. A dispute like that, if not resolved quickly, could cost you more than the commission in holding costs and possibly legal fees.

Wouldn’t you just be better off informing the buyers that they have an obligation to the first agent you met two months ago? You decide.

See Also

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