work - 4/5 - Blog

Investing in Your Real Estate Career

Have you ever thought about doing real estate as a full-time profession? Have you heard the term “buyer’s market” and want to know how YOU can capitalize on that? If you’re considering a real estate career, or have begun one and are still new to the industry, there are a few things that are important to keep in mind as you travel along this journey.

First, keep in mind that in real estate, as with most things, the rate of your success is directly related to the amount of “investment” you make. Now, you are probably thinking ” I have to SPEND money to make money?!” Yes and no. The investment that we are referring to here is mainly made up of time and effort, but you may need to invest some money into your career. Careers are like homes, they may seem perfect but they can always stand a little work. Here are some things you’ll need to consider.

Automatic success does not exist. While we believe that almost anyone can be successful at a career in real estate, no one does so automatically. Unless your daddy is a real estate mogul and buys a multitude of million dollar properties every month, you will need to work at it. A very smart real estate agent told me once, about her career, that she loves real estate because “you eat what you kill” and that is so true. You do have to put effort into your work, just like in any career, to become truly successful. This advice will help you to think about what you need to do to better serve your customers, and to grow your real estate career. For more advice and information, feel free to contact me directly.

Selling Your Home: Easy Things You Can Do To Help It Sell Quicker

Once you’ve decided that you want to sell your home, you want to make sure that it does not sit on the market for too long. Getting a good agent will definitely help you with that, but before you talk to an agent, here are a few pointers regarding things YOU can do that will help you sell your home quickly and efficiently.

The squeaky back door. Fix it! While you may find the squeaky door reminds you of holidays past and family gatherings, potential buyers see that as one more thing that “needs work.” Take a slow, long, deliberate look at every room in your house and address all small repairs that need to be done. We’re not saying reface the kitchen, we’re saying fix squeaky doors and screens, maybe touch up the paint where it’s been scratched, fix the “little” things that may send a signal to a buyer that maintenance may be an issue.

Your grandpa’s stuffed deer head. Pack it! Family heirlooms and knick knacks and things that cause clutter must be eliminated. You’re trying to sell your house to move, so start packing early. Get rid of things that fill up the living space in the house. You want to make your potential buyers feel like they are in a big, open, airy home; not YOUR home. Make it easy for buyer to walk around and see all the beautiful parts of your home. They don’t need to see your silver Tiffany spoon collection in its display case. Besides, always hide valuables before an open house!

Along with Grandpa’s deer should go the life-size family portrait from the reunion at Disneyworld! Everyone has a family, and we’re sure yours is beautiful; but your open house is NOT the place to show off your extended family photos. When Buyers are viewing your home, they are trying to picture their OWN family photos and artwork on your walls. Help them see their belongings in your home, by giving them more to work with. Limit your decorations to isolated and bold objects and let your buyer’s imagination do the rest.

Bust out the gloves and cleaning supplies. Now that you have taken down some of the art and cleared away the knick knacks, you’ve revealed a lot more of your home’s inner beauty. And some of it, has been hidden for a while, so it may be dusty! We suggest you get your home as close to immaculately clean as possible. The cleaner and more fresh-smelling your home, the more pleasant emotions you evoke in your potential buyers. No buyer wants to buy the “doggy breath” house. Make sure to pay extra attention to pet-worn areas. Your buyer may not have the same love of canines as you, and that’s ok! So make your home shine!

Don’t forget to look down! Flooring is one of the first things a potential buyer will notice about your home. Don’t spend lots of money installing new flooring, but make the best of what you’ve got. Pack up area rugs and mats, and make sure the floor is definitely clean.

All the world’s a stage, and your home is NO exception! Staging has become a key factor in home sales. Staging allows the best features of each room in your house to stand out. You can get help from a decorator or try to do it yourself. Maximize views and play up focal points in each room.

Roll out the red carpet. Your home is going to be listed on a listing service (if your agent is any good) but the first thing potential buyers will see is a picture of your home, from the outside. So, we suggest you roll out the red carpet, and pay some attention to your landscaping and the exterior appearance of your home. This is what is going to make a young couple on a weekend house hunt yell “STOP!” to their agent when they drive by; and it’s also what is going to get a person searching the internet and seeing the picture want to make an appointment for a showing.

With this advice, and the help of a good agent, you will surely be able to sell your home faster and easier than you ever thought possible.

Mitra Karimi-Paydar

Crestico Realty

(310) 362 – 0828 (TEL)

(877) 881-2929 (FAX)

[email protected]

P Go Green! Please consider the environment before printing this email

Realtor vs. Real Estate Agent: What’s the difference and How to Choose one?

Before someone can hold him or herself out as a “Real Estate Agent,” he/she must be licensed by the state in which he/she plans to work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations and experience, which are determined on a state by state basis, must be met. After receiving a real estate license, most agents go on to join their local board or association of REALTORS® and the NATIONAL ASSOCIATION OF REALTORS®, the world’s largest professional trade association. They can then call themselves REALTORS®. An agent may still practice Real Estate without being a REALTOR®, however this means that the agent has not completed the steps in becoming a REALTOR®.

As a consumer, you are not bound to choosing only REALTORS® or Agents, you may work with either. There are many excellent agents that are not REALTORS®, however read on to discover some strategies in choosing the best REALTOR® or Agent for you. Real Estate Agents, whether REALTORS® or not, are bound by certain legal obligations. Traditionally, Agents must consider and weigh your interests ahead of anyone else’s; maintain the confidentiality of your information; obey your lawful instructions; be responsible for reporting anything that may be useful or of consequence to you; and account for any money involved in your transaction.

A REALTOR® is held to an even higher standard of conduct under the NAR’s Code of Ethics. In recent years, state laws have been passed setting up various duties for different types of agents. As you start working with a REALTOR®, ask for a clear explanation of your state’s current regulations, so that you will know where you stand on these important matters. The term "REALTOR®" is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics (which in many cases goes beyond state law). In most areas, it is the REALTOR® who shares information on the homes he or she is marketing, through a Multiple Listing Service (MLS). Working with a REALTOR® who belongs to an MLS will give you access to the greatest number of homes.

Mitra Karimi-Paydar

Crestico Realty

(310) 362 – 0828 (TEL)

(877) 881-2929 (FAX)

[email protected]

P Go Green! Please consider the environment before printing this email

What Is The Difference Between a Real Estate Agent and a Realtor and Which is Right For You?

In making your decision to work with an agent, there are certain questions you should ask when evaluating a potential agent.
First, you should find out (by asking him/her) whether he/she is a REALTOR®. The term "REALTOR®" is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics (which in many cases goes beyond state law). In most areas, it is the REALTOR® who shares information on the homes he or she is marketing, through a Multiple Listing Service (MLS).
Next, get to know a little about your potential agent's license. In California, you can go to www.dre.ca.gov and do a "license check." This means you can see whether this person (a) has a license, (b) has a license in Good Standing and (c) who is the Broker that your agent is affiliated with. All of this information can be quite useful. Odds are that you do NOT want to work with someone who has a questionable past or too many open complaints or inquiries. In this day and age of rampant fraud and dishonesty, and with the mortgage crisis we are currently in, it would certainly be in your BEST interest to make sure your agent's license is CLEAN!
Next, find out about your agent's access to the Multiple Listing Service (MLS). If he/she is a Realtor® most likely, he/she has access to the MLS in your desired area. If not, you may want to ask him/her to get than access before you agree to use him/her as your agent. A good agent will go to any length to secure your satisfaction. The MLS can be quite useful in helping you to locate your dream home.
Now that you know about his/her license and all that he/she has access to, it is time to find out a little about your actual agent. Remember, this is a person you are going to be working quite closely with for an extended period of time. Many escrows are generally 30 days, and some, especially those for REOs are even longer. Remember, you do not enter escrow until after you have found a home, and sometimes it can take weeks to find the right home, so you want to make sure you are working with an agent that you are pleased with. In order to get to know your agent better, you want to ask him/her if real estate is his/her full time career. An agent who is not fully committed to his/her career, probably cannot be fully committed to your house hunt, either.
Additionally, you will want to find out if this person whom you may be considering as a potential agent, is in fact the seller's agent, as well. What does that mean? Let's say you go to an open house and there is a nice agent there who is extremely helpful and friendly. Now let's say this friendly agent asks you if you have an agent and you say "no." This person will want to be your agent. However, keep in mind, this agent is the Seller's agent, which means that he/she is the Agent who is trying to sell the home you are viewing. You will want to be careful about what kinds of confidential information you give this agent, because he/she has a fiduciary duty to his/her client (the homeowner.) So, it may be in your best interest, to find your own agent so that you can have someone purely interested in YOUR best interest, ONLY.
Finally, before making a final decision regarding an agent, you should ask the prospective agent HOW he/she plans to help you find your dream home. Ask him/her about his plans, you are entitled to know how your agent wants to go about making sure your future home has all of the things you do want and none of the things you do not want.

Realtor(R) vs. Real Estate Agent: What’s the difference and What does it mean to you?

Realtor vs. Real Estate Agent: What’s the difference and How to Choose one?

Before someone can hold him or herself out as a “Real Estate Agent,” he/she must be licensed by the state in which he/she plans to work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations and experience, which are determined on a state by state basis, must be met. After receiving a real estate license, most agents go on to join their local board or association of REALTORS® and the NATIONAL ASSOCIATION OF REALTORS®, the world's largest professional trade association. They can then call themselves REALTORS®. An agent may still practice Real Estate without being a REALTOR®, however this means that the agent has not completed the steps in becoming a REALTOR®.

A REALTOR® is held to an even higher standard of conduct under the NAR’s Code of Ethics. In recent years, state laws have been passed setting up various duties for different types of agents. As you start working with a REALTOR®, ask for a clear explanation of your state's current regulations, so that you will know where you stand on these important matters. The term "REALTOR®" is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics (which in many cases goes beyond state law). In most areas, it is the REALTOR® who shares information on the homes he or she is marketing, through a Multiple Listing Service (MLS). Working with a REALTOR® who belongs to an MLS will give you access to the greatest number of homes.

As a consumer, you are not bound to choosing only REALTORS® or Agents, you may work with either. There are many excellent agents that are not REALTORS®, however read on to discover some strategies in choosing the best REALTOR® or Agent for you. Real Estate Agents, whether REALTORS® or not, are bound by certain legal obligations. Traditionally, Agents must consider and weigh your interests ahead of anyone else's; maintain the confidentiality of your information; obey your lawful instructions; be responsible for reporting anything that may be useful or of consequence to you; and account for any money involved in your transaction

« Older Entries

Next Entries »