Posts Tagged ‘agent’
7 Reasons to Use a Real Estate Agent
7 Reasons to Use a Real Estate Agent
Some people choose to use a real estate agent and some people choose to go it alone. One thing I have noticed over the years is that a number of seasoned investors looking in a new city will seek out a excellent agent even as novice investors will frequently go it alone. I have even had a number of successful real estate agents seek out my help when they are moving to our city. Why do some of these seasoned investors choose to work with an agent? Below is a list of 7 repayment of using an agent.
1. Know potential restrictions of the property. I recently heard a report from a friend at the city enhancement office in Austin Texas. A couple had saved up for their retirement. They wanted to retire and live out in the hill country. They went to the foreclosure auctions. At the auction they bought a lot for 500,000. It had fantastic views and they were vacant to build their dream house on it. They had researched the lot before the auction and found it was zoned SFR which means a single family residence can be built on it. After purchasing the lot they started plans to build their retirement house. At this time they learned the lot was in the 25 year floodplain. My friend at the city enhancement office clarified that the lot may possibly not be built on and was basically worthless.
2. Know about new developments that might change a properties value. A excellent realtor will know of proposed new developments that might change different properties in which a buyer is interested. Whether these developments are clear or negative can be valuable information when weighing different housing options.
3. Find potential problems with a property. It is always a excellent thought to have a home inspector look at a potential house. But, a Realtor is a excellent first line of defense to see if a house has inherent problems. A Realtor that can know about common problems, such as foundation or electrical, that change a particular neighborhood.
4. Know contracts specifics. Whenever you buy or sell a house you are entering into a large personal transaction. It helps to have someone on your side that deals with these types of transactions on a daily basis. A Realtor can help you know contracts and can clarify what is predictable for your area. The most common pitfall into which I see unrepresented buyers fall is to become involved in an atypical contract that is not to their benefit. For occasion a seller will sign an place forward that has an option period that is 4 times longer than what is predictable. A buyer might place in offers on multiple properties with long option periods. The buyer will wait and see if the market appreciates. If the market has appreciated the buyer buys the house at now and undervalued price. If the market has gone down the buyer walks away.
5. Misperception of a benefit of vacant it alone. Buyers frequently reckon that by not using a buyers agent they will get a better deal from the seller. In most situation the listing agent questions for 6 percent from the seller. If a buyer comes with an agent the listing agent splits the 6 percent with the buyers agent. If an unrepresented buyer comes the listing agent keeps the whole 6 percent. On the selling side, For Sale By Owners (FSBO) often reckon they are saving alot of money by avoiding a listing agent. Nationally, FSBO homes sell for 14 percent less than agent listed homes in the same neighborhoods. In addition alot of FSBO’s still end up having a buyers agents involved. There is also money washed-out on advertising. Since an agent has experience marketing homes the agent often can spend money more effectively on advertising. Agents often know which advertising sources produce the most potential buyers.
6. Save time when looking for listings. Looking for listings without an agent can take up large chunks of time. When looking with an agent you can see several homes in a few hours. When vacant it alone you have to call the listing agent for each house and wait at the house for the agent to arrive and open up the house. In addition agents often know houses which are not listed or may have already identified potential problems with a particular house of appeal.
7. Insure Security. When a home is listed with a broker, agents coming to the house have to usually log in. This allows the listing agent to keep a record of each party coming into the house. Since their business is on the line, agents are more likely to protect the house from hurt or theft. For a variety of reasons, it is generally not a excellent thought to have random people you do not know come into your house. Often sellers simply have a phone number, but that phone may possibly be their house, a friend’s house, a pay phone, or even a stolen phone.
Searching for a home can be stressful and hard but it can also be fun. Whether you choose to look for a home on your own or with a Realtor its a excellent thought to be a extremely careful when you seek out your dream home.
Ki Gray is a realtor with the Austin Texas Real Estate in inner Texas. Their website escapesomewhere has a free Austin homes search. They also place forward a custom Real Estate Calculator.
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What Do Wealthy Home Buyers Want From Their Real Estate Agent?
What Do Wealthy Home Buyers Want From Their Real Estate Agent?
Wealthy home buyers who buy multi-million dollar homes are typically self-made millionaires with new money, according to a recent online survey of 683 Coldwell Banker Previews International property specialists. The study revealed the top professions of these affluent customers. According to the respondents, 88 % of their customers are business or corporate executives, 37 % are physicians, 31 % are lawyers, 30 % are financial professional and 14 % are entertainers, entertainment executives or professional athletes.
Wealthy home buyers require their real estate agents to be equipped with special skills, according to the Coldwell Banker’s survey. Given the magnitude of the financial transactions involved in luxury home buys, 78 % of sales associates said that the top most need their clients require from their real estate agents is privacy and confidentiality. The luxury customers also want their real estate agents to exercise discretion even as dealing with their multi-million dollar transactions. Nearly 70 % of respondents polled that their wealthy clients want their real estate professionals to place forward customized services even as 44 % said that the luxury home buyers want their agents to have excellent network and work link with executive assistants, CPAs and attorneys.
Wealthy home buyers also want their agents to know the inside scoop on the real estate market, according to 36 % of the respondents in the Coldwell Banker’s survey. Seventeen percent of the sales associates surveyed indicated that one of the necessary skills for real estate professionals working with affluent customers was the ability to provide emotional support to their clients. And according to 11 % of respondents, luxury customers want their real estate agents to establish personal rapport with their clients.
The study also built-in queries on the “must have” amenities that the affluent clientele want in their luxury homes. Wealthy home buyers want media rooms in their homes, according to 60 % of respondents and another 60 % polled that their affluent customers want “wired” homes. But, there are a few home design elements that are out among luxury home buyers. Gourmet kitchens, granite countertops and wet bars are no longer counted as luxuries by wealthy home buyers, according to the survey respondents.
The survey also found that the multi-million dollar home buyer pays a predictable down payment of 20 % to 30 %, even as a quarter of clients place down 30 % to 50 % of the sale price.
Alphabet Soup? Nope, Those are Real Estate Agent Designations!
Alphabet Soup? Nope, Those are Real Estate Agent Designations!
Alphabet Soup? Nope, Those are Real Estate Agent Designations!
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Home Page > Finance > Real Estate > Alphabet Soup? Nope, Those are Real Estate Agent Designations!
Alphabet Soup? Nope, Those are Real Estate Agent Designations!
Posted: Jan 19, 2008 |Observations: 0
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Alphabet Soup? Nope, Those are Real Estate Agent Designations!
By: Joe Cline – Austin Real Estate Broker
About the Author
Joe Cline is a real estate broker, investor, and REALTOR with Coldwell Banker Austin, Texas.
Joe holds his Broker’s license, the ABR designation, the CRS designation, the CMMS designation, Cendant Mobility Marketing Specialist designation and the Cendant Mobility Referral Specialist designation.
Find out more about Austin real estate and Lakeway Real Estate.
(ArticlesBase SC #310322)
Article Source: http://www.articlesbase.com/ – Alphabet Soup? Nope, Those are Real Estate Agent Designations!
What do the calligraphy behind a real estate agent’s name stand for? Real estate agents, like doctors, lawyers, and other professionals can ear designations, certifications, and other credentials. These are usually publicized by putting a series of initials after the agent’s name. The most common designations and certifications are: Broker, REALTOR, e-Pro, CHMS, GRI, ABR, and CRS.
What does an agent have to do to take the designation or certification?
e-Pro requires an agent take a class on basic computer skills. It has no real estate content, but ensures your agent can use email and the web. It should really be a bare minimum bar for the technology aptitude of your agent.
REALTOR is the one of the simpler credentials to take (but one of the toughest to live up to). A REALTOR is a real estate agent that belongs to the National Association of REALTORS and agrees to stay on the Realtor Code of Ethics. You can read about the code here http://www.realtor.org/mempolweb.nsf/pages/Code?OpenDocument
Broker is a bit harder to take than REALTOR. In Texas, for example, a broker license is required to be able to operate your own real estate company. An agent must have their license for 2 years and complete over 600 hours of real estate education prior to applying for a broker’s license. The broker’s license is contracted upon completion of an exam administered by the disorder. Brokers are basically real estate agents with advanced educations.
GRI stands for Graduate Realtor Institute. Less than 50% of agents have this designation. The GRI requires 12 days of long-lasting education with passing grades on three exams. There are no production or time requirements so an agent can literally earn this designation by sitting in class for 12 days and passing the tests. This designation is in no way a measure of real estate sales experience.
ABR stands for Accredited Buyer’s Representative. Less than 30% of agents have this designation. This designation combines 2 days of classroom work and an exam with the requirement that the agent show proof of at least five buyer sales. This designation shows that the agent has had both formal classroom time and in the field experience.
CRS stands for Certified Residential Specialist. Less than 4% of all agents have this designation. This is the most hard designation to take and is a measure of a high degree of formal education and real world transactional experience. To take a CRS, the agent must attend three 2-day classes, pass three exams, and provide proof of 25 closed transactions within the last 24 months. Even as the transaction experience isn’t a huge amount, it does weed out the inexperienced agents and the classes weed out those agents who aren’t dedicated to long-lasting education.
Other designations are out there, but for the most part they are issued by inconsequential groups and have no real bearing on the agent’s abilities and are used more for marketing purposes than anything else.
Retrieved from “http://www.articlesbase.com/real-estate-articles/alphabet-soup-nope-those-are-real-estate-agent-designations-310322.html”
(ArticlesBase SC #310322)
Joe Cline – Austin Real Estate Broker -
About the Author:
Joe Cline is a real estate broker, investor, and REALTOR with Coldwell Banker Austin, Texas.
Joe holds his Broker’s license, the ABR designation, the CRS designation, the CMMS designation, Cendant Mobility Marketing Specialist designation and the Cendant Mobility Referral Specialist designation.
Find out more about Austin real estate and Lakeway Real Estate.
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Joe Cline is a real estate broker, investor, and REALTOR with Coldwell Banker Austin, Texas.
Joe holds his Broker’s license, the ABR designation, the CRS designation, the CMMS designation, Cendant Mobility Marketing Specialist designation and the Cendant Mobility Referral Specialist designation.
Find out more about Austin real estate and Lakeway Real Estate.
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Home Page > Finance > Real Estate > Role Of Real Estate Agent In Vacation And Following Home Markets
Role Of Real Estate Agent In Vacation And Following Home Markets
Posted: Jan 14, 2007 |Observations: 0
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Role Of Real Estate Agent In Vacation And Following Home Markets
About the Author
San Diego Homes
Rancho Penasquitos Condos
Rancho Penasquitos Homes
(ArticlesBase SC #91941)
Article Source: http://www.articlesbase.com/ – Role Of Real Estate Agent In Vacation And Following Home Markets
Following home sales have been increasing over the last few years with more people becoming following home owners. In 2005 alone, 40 percent of the homes sold were following homes. Demographics, all time low mortgage rates, and healthy rise in home prices have contributed to this enhancement in the following home market. Besides these, a major factor that has helped augment the buying and selling of following homes is the real estate professional.
The National Association of Realtors conducted research on the profile of following-home owners in 2006. According to the NAR report entitled ’2006 Profile of Following-Home Owners’, a majority of following home sales transactions are conducted using the services of real estate agents.
The statistics are remarkable; 64 % of vacation home buyers bought their home using the services of a real estate agent by the end of 2005 – a marked increase from less than 50 % of vacation-home buyers in 2003. Also, 65 % of investment-home buyers bought their home with the help of a real estate agent – an increase from 53 % of pre-2003. In comparison, only 14 % of vacation-home buyers and 7 % of investment-home buyers bought directly from builders from 2003 to 2005.
The growing role of the real estate professional is evident from the following figures:
1. Of vacation home sales made, 71 % of them were following homes and 74 % of the sales were made using the services of a real estate agent.
2. Of the investment properties sold, 85 % of them were previously owned and 62 % of the sales were made using the services of a real estate agent.
The use of real estate agents in following home sales transactions varied according to the home’ location.
1. Buyers used a real estate agent more frequently even as purchasing a vacation home located in a suburb/subdivision (56 %) or a rural area (57 %) than for homes in other locations.
2. About 66 % of buyers who bought an investment property in an urban/inner city area or in a suburb/subdivision, used the services of a real estate agent more frequently than those who bought a home in other locations.
Real estate professionals continue to be the first source of information to following-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). The real estate professional also plays a major role when following-home owners plot to buy additional properties. If you are thought of buying a following home or vacation home, seek out the services of a real estate agent to guide you through your next home hold.
1. The percentage of following home owners who are more likely to use a real estate agent in their next home hold is quite high. Among vacation-home owners it is 79 % and investment-home owners 73 %.
2. Among following home owners, 65 % of vacation-home owners and 64% of investment-property owners are more likely to use a real estate agent in their next home sales.
Given these statistics, it is no wonder that the real estate agent plays a pivotal role in helping people buy and sell following homes. So whether you are a following-home buyer or seller, enlist the services of an agent for a smooth, hassle free real estate transaction.
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Home Page > Finance > Real Estate > Do You Need A Real Estate Agent?
Do You Need A Real Estate Agent?
Posted: Mar 24, 2007 |Observations: 1
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Do You Need A Real Estate Agent?
By: Real Estate Pros
About the Author
Corona Condos
Corona Homes
Corona Real Estate
(ArticlesBase SC #121699)
Article Source: http://www.articlesbase.com/ – Do You Need A Real Estate Agent?
Real Estate business has seen tremendous growth and so has been the need of Real Estate agent. Today more and more people are getting interested to become home title-holder and as the demand for real estate need increases the role of Real Estate Agent becomes more vital. In the past one agent use to provide services to both seller and buyer but as the real estate market changed people started to realize that specialized service is more logical and beneficial. In Real Estate diligence now buyer/seller are looking for specialized agents who can provide specialized correlated expertise, information and services required to complete the process. When a real estate agent represents both buyer and seller it really restricts agents to provide impartial service to either party.
Let’s look at the both (Seller/Buyer) scenario separately. A real estate agents who is a listing agent of seller has a fiduciary, ethically and moral duty to represent seller only.
By getting Exclusive Right to Sell Listing, the real estate agent is promising seller that he will live no stone unturned to market the home and find the best buyer at maximum possible market value for the home.
As a Buyer’s real estate agent he need to find the right home for buyer along with should all information of the community. When a buyer is exploring to buy a real estate property in new community, he is very much interested to find out several information correlated to that particular community such as population, crime, climate, schools, traffic, living values etc. Buyer’s real estate agent should be well knowledgeable with all these information so that he can provide that information to buyer. It will be simpler for buyer to make the choice based on these information. Once the buyer is equipped to buy real estate property in the community then other part of the real estate agent’s duty starts. As buyer’s agent it is his dependability to find a real estate property, as per buyers requirement. It is also buyer’s real estate agents duty to negotiate the best market price with seller.
So if seller and buyer are represented by their own specialized agent then both agents can play a incomplete and specialized role for their client..
So it is quite clear that one real estate agent representing both seller and buyer can not justify providing specialized service to both party. Both buyer and seller are in different need of services. That’s why specialized real estate service has become more in demand where buyer/seller can get impartiality specialized service during the process.
Never before has the role of specialists in the world of real estate been more vital. With buyers and sellers requiring more services, the diligence has seen an explosion of agents who specialize in either the representation of sellers or buyers. These specialist agents can provide a wealth of services and maintain a complete impartiality during the sales process as there is only one client to concern them.
Historically the sales transaction and the concerns of the buyer were the purview of a single realtor. But, as the diligence has progressed so have the needs of each party and so the specialist arose. Buyers have some very particular needs, and specifically the need to feel that their best wellbeing are seen to. Listing agents are representatives of the home’s title-holder and in that role they have a primary dependability to that title-holder. How may possibly they properly look after the needs of an interested buyer as well?
So what is it that a buyer’s agent does? Primarily the buyer’s agent will start with the location of suitable properties for their clients. This is usually based upon a list of requirements and desires that the client has communicated to the agent. They will then arrange viewings and recap their findings with their clients and help in deciding upon a excellent candidate for an place forward. This will be based on the wealth of community information that a buyer’s agent orders. As specialists, they are experts on their given area which is critical in the education of clients on the areas that they are taking into account. Once a property is chose upon, the buyer’s agent changes much, evolving into an overseer-negotiator role. They will typically coordinate the inspections and conduct the negotiations with the listing agent. This includes the execution of the buyers subjects and the closing of the actual contract.
There is an art to representing a buyer. It is a role that has become ever more crucial in an diligence where customer service is the single most vital thing that an agent can place forward. If you are in the market for a home then the buyer’s agent is the friend that you need to make sure that you are given the service that you deserve.
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1. Austin Scott 06/04/2010
For near five decades, we at Glenwood Management have been dedicated to improving and enriching the “Quality of Life” offered in each of our luxury Manhattan leasing apartment buildings. Prestigious locations, outstanding views, elegant lobbies and impeccable services are benchmark qualities that have become synonymous with each Glenwood residence.
Glenwood Management is a full service luxury Manhattan real estate organization with “hands on” dependability at each level. The continuity established as title-holder, draftsman and manager for all of its properties has earned Glenwood Management a reputation as the leader in its field. We pride ourselves on providing and maintaining the highest values of living for our tenants. Innovative design, superior construction and meticulous supervision of building personnel distinguish all Glenwood residences.
As we grow, we remain firmly committed to elevating the “Quality of Life” for each one of our residents. We invite you to join the Glenwood family and experience for yourself City living at its finest.
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