Actually no. You are always at the beck and call of your clients. If a qualified buyer wants to see the perfect house that just came on the market in an hour you’re going to drop everything to show it. If an owner calls you about selling their home you will knock over your own […]
Can a real estate agent make $100,000 in one year?
A few real estate agents earn more than $100,000 a year. However, you must recognize that because we are self-employed we have to pay for our own Social Security and Medicare taxes on our commissions which increases our taxes by 7.65% so in order to earn the same $100,000 as someone who has an employer […]
What should potential investors consider other than the cap rate when comparing commercial properties?
While cap rate is a good starting point, I like to also take a long-term view and consider potential appreciation of a property. Cap rate takes into account the return on YOUR money invested while appreciation on a leveraged investment (you’re probably only putting 25–30% down so you’re using 75–70% of a lender’s money) over […]
Can I save money by not using a buyer’s agent?
Your question really should be, “Is it worth it not to use a buyer’s agent”? First, recognize that, in the United States, the seller usually pays the commission to both the listing and selling brokers. If a buyer want to buy a property without an agent the listing agent usually keeps both commissions because they […]
Is becoming a Realtor a good career choice?
It depends. Becoming a real estate professional is NOT a good career choice if you: Want or need a steady and predictable income. Are not comfortable with talking with strangers every single day to get clients. Cannot handle rejection which is a big part of getting the few clients that you will work with. Don’t […]
Should you go to an open house without a Realtor?
I’m not sure when we’re ever going to get back to holding open houses again due to COVID–19 but when we do there’s no problem in going to one without your agent. Just don’t talk with the listing agent at the property because what you say could give away some of your negotiating leverage. If […]
Should you buy or sell your home first?
If you have the financial means to buy your next home without having to sell your current one it doesn’t matter in which order you do it. However, if you do have to sell your present property before buying another there are several considerations: If you’re in a sellers’ market you’re better off selling your […]
How do I write a winning offer in a seller’s market?
You need to find an experienced agent to represent you who knows how to build a trusting relationship with the listing agent, minimize contract contingencies, finds out how many offers are likely to come in and makes sure you one of the top one or two offers. Then helps you respond effectively to any counter-offer […]
A couple purchased our home for over asking & had a large down payment so appraisal was waved according to buyers. But we have no paperwork yet. Does our realtor get paperwork stating such? It’s been 2 days.
There is a law in the United States called the “Statute of Frauds” which requires certain types of contracts to be executed in writing, including the sale of land. If someone made an offer on your property there should be a written record of it and you are entitled to a copy. Ask you agent […]