Posted on June 27, 2017
Is It Necessary To Hire A REALTOR To Buy Or Sell A Home In California?
Our goal as Realtors or Real Estate Agents is to provide each and every customer with the finest real estate service based on the highest standard of ethics, values, and client care. Realtors in Sacramento, CA accomplish this by placing our customer's interests first. This is our mission. We will live up to this in everything we do. Our success will always be measured by the happiness and the loyalty of our clients.
A Realtor sales associate can help you determine your buying power. You need to know how much house you can afford before you start the search. Your sales associate will provide detailed information on properties that meet your criteria from the Multiple Listing Service and other information resources only available to REALTORS®.
Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. They are committed to treat all parties to a transaction honestly. REALTOR® business practices are monitored at local board levels.
When you find a property you like, your Realtor sales associate will help you develop an offer including the offering price and other terms. The sales agent will advise you about the importance of a home inspection and other inspections required by law in your area. Your real estate agent is there to assist you throughout the buying process.
Buying home/property can be an exciting experience, whether this is your first purchase or one of many. The key to a successful purchase is working with an industry leader who knows the market and area you are interested in. Realtors are experts in their field and pride themselves on having a keen working knowledge of the real estate market. This is the competitive edge you want on your side when making your next real estate purchase. Realtors will make your buying experience an easy one by providing you with 100% buyer representation every step of the way.
When working with a team of Realtors who KNOW the local market, they can tell you which are the best buys, which homes are over-priced, and which homes will result in great resales one day will save you time, effort, money and stress.
Why list with a California REALTOR?
They have the experience and knowledge it takes to get your home sold at top dollar, no matter what the news may report about the real estate market. A good Realtor and her team of specialists will guide you through the entire process and offer valuable tips to consider if you are thinking about buying or selling your home.
Finding a Realtor or real estate agent in California is only the first step to buying or selling a house, but it's a crucial one. It's important that you don't pass up your dream home because you didn't know the conditions of the contract.
What Are Ways To Sell Your California Home?
With over 2 million real estate agents according to the National Association of Realtors (NAR), becoming a successful real estate agent takes more than just a license and a knowledge of current laws and regulations.The first year drop out range estimated to be from 40% to 80% demonstrates that many real estate agents are not as successful as they could be and research suggests that 90% give up after 3 years. The following 7 tips may help you avoid becoming one of these statistics.
- First and Foremost YOU are a business. Real estate agents work for a broker, but are independent, commissioned sales people. This means that you are a small business and must run your practice as a business. Again, remember you are a small business owner.
- Embrace a Planning Attitude. If you don't have a plan, then you are on some else's plan - usually the successful real estate agent's. During the last 10 years, what I have learned as a performance improvement consultant or coach is that most people place more value in planning a trip to the grocery store or a vacation than planning their lives either professionally or personally.
- Research Your Market Plan. Since you, as the real estate agent, are responsible for your own expenses, do your research specific to your marketing plan within your strategic plan. Time spent in constructing your marketing plan is definitely well spent. NOTE: Remember a business plan usually is data driven, while a strategic plan identifies who does what by when.
- Establish Sales Goals. Using your strategic action plan, establish sales goals. If you are new to this industry, it may take 6 months before the first sale. HINT: Use the W.H.Y. S.M.A.R.T. criteria for goal setting.
- Create a Financial Budget. Budgeting is critical given the up and down of this volatile market place. Your financial budget should plan for your marketing costs, any additional costs such as education and your forecasted income.
- Make Managing Yourself a Priority. Building a business is not easy. You must learn how to manage yourself especially in the area of time management, ongoing real estate business training coaching continuing education units, and personal life balance. Real estate is said to be a 24/7 business much like any small business. However, it is important not to lose sight of your personal life including family, friends, physical health, etc.
- Find a Mentor or a Real Estate Coach. Going it alone is not easy. Take the time to find a mentor who can help you steer through some of the known obstacles and help you during the "peaks and valleys." If you have the resources, you may wish to hire a real estate coach or an executive coach who specializes in small business help and sales.
Being an incredible sales person and entering the real estate market does not guarantee similar sales success. However, these 7 tips may help you avoid many of the pitfalls by not being one of the four real estate agents who quit within one year or one of the nine who give up after 3 years.
Beginners Guide to Flipping Houses
The biggest issue many homeowners face when listing their house for sale is the price. You want to get the most you can, but be careful when it comes to pricing it to high. Listing Your Property With To High of a Price For no particular reason, you have picked up the itch to sell your house. Maybe there are developments in your area that have caused massive appreciation and you simply want to cash out while the going is good. Maybe you just are interested to see what someone will pay. In making the decision to sell, you do the research to find out what comparable homes in the area are selling for and how long it takes them to sell. You decide to list your property at the top of the market because you have serious upgrades and the research shows comparable homes are moving pretty quickly. While you may be willing to wait a bit for an offer, you run a risk of sabotaging yourself. Time is a two way street in the real estate industry. While you are probably not particularly interested in waiting a long time to move the property, buyers are considering time as well. Specifically, they are wondering why so much time has passed since your home was first listed. Is it an indication that there is something wrong with the property? Many potential buyers will start to think so. If you price the property at the top of the comparable market, you run this risk and selling becomes very difficult. One justification many sellers make for picking a high price are upgrades done to the property. In many scenarios, this is logical and makes practical sense. That being said, you may be in for a nasty surprise. Most buyers prefer to make the upgrades themselves, not pay a premium for what you have done. Ultimately, this means the higher price may find little interest because the value of the upgrades is ignored by the potential buyers. This can also lead to the frustrating situation wherein you realize you spent more money on upgrades than you will ever get out of the property. Ouch. The final risk associated with pricing your property at the top of the market is the potential it will be ignored. The general rule in real estate for buyers is to purchase the lowest priced home in an area and then fix it up. With minor changes, appreciation gains can be significant. If your home is already at the top of the market, a buyer really cannot do this and will actually have to wait for other properties in the area to appreciate. Savvy or even moderately knowledgeable buyers will not take the bait. Pricing your property for sale is a trick issue. Figure out your market and make your own conclusions. To maximize profit, it is best to be in the middle of the market, but always below other homes that are superior to your property.