Real Estate Listings
Be A Successful Real Estate Agent
Selling real estate can be a rewarding career. some agents net over a million dollars a year. If you like working for yourself, it can be an option. But you will need a lot of discipline to succeed. Besides dressing professionally and speaking articulately, a good real estate agent should be:
GENUINE
You always provide clients with quality service and a listening ear.
EMPATHIC
You view things from the customers’s perspective. This helps build rapport, trust and mutual respect.
TACTFUL
You know how to handle customers without offending them
CONFIDENT
You are at ease with prospective buyers who are rich and powerful
TENACIOUS
You don’t give up too easily while pursuing prospective buyers
KNOWLEDGEABLE
You are aware of market changes and their impact on various sectors. Learn how to capitalise on these changes.
To succeed in a real estate career, you have to approach it as if it were your own business.
Here are some tips to manage your time and maximise your sales opportunities
1. Make sure of stunning visuals
Pictures of properties in mailers and brochures grab attention better than words, figures and statistics. Your content should be concise as clients will not spend a lot of time reading it.
2. Avoid mundane tasks; focus on your core competencies
An experienced real estate agent, who puts his value at $ 200 an hour, outsources mundane, time-consuming tasks. He says: “Instead of spending three hours distributing pamphlets around the neighbourhoods which would cost me $ 600, I engage someone to do it for $ 30″
3. Choose the right territory
If you have a cosmopolitan outlook, a working-class neighbourhood may not be your ideal choice
4. Determine who the decision-maker is
you need to sharpen your observation skills to quickly assess who the decision-maker is. This is the person you want to work closely with in your deals.
5. Hone your presentation skills
Practice makes perfect. Do a role-play of the situation – ask a friend to help you before meeting prospective buyers
6. Highlight the right features to attract the right buyers
Study the property in hand and list out the possible attractions of its key features – from land size, length of frontage, to environment, what it faces, accessibility to amenities and public transportation
7. Ask for testimonials
Testimonials from satisfied customers enhance a realtor’s credibility
8. Have a customer referral system
This allows your customers to earn an exponential income simply by referring prospects to you
The rewards
With a good commission, a real estate agent can climb to the top of the money tree. Most agents can become good in their work within a couple of years. But only the “very top 5 per cent” will be able to progress from good to great.
And the rewards are not just monetary. A career in real estate makes you an all-rounder as you are involved in planning, problem-solving,leveraging on manpower, negotiating, managing customers’ expectations and many more.
To stay at the top, never allow complacency to set in. Talk to mentors or senior experts in respective fields. Attend seminars and workshops that might help you come up with innovative ideas in prospecting and other areas of selling and marketing. Lastly, take responsibility for every unsuccessful sales attempt and allow some time for introspection. Ask yourself what you have done wrong and how to do it better next time.
Private Money Lenders Are Making Your Stay in Real Estate Field Easy
Real estate investment has become quite easy with the growing demand of properties and the emergence of private money lenders in this sector. If you are supposedly going to think of investing in the state of Virginia, then you must keep in mind things that we are seeing quite a bit when it comes to hard money lenders in Virginia and here we are seeing a lot of real estate investors are actually gun shy, you know, regarding the market wondering hey is the market going up, is marketing going down or whatever the case is.
When you are in real estate business and you want to make an important decision of selling the properties at faster pace. So if the market is going up or if the market is going down it is really not relevant as long as you are getting in and out of them fast enough that it does not smash you. When private money lenders are going to talk about your rapid involvement in choosing in and out of properties fast, then there is one to be remembered. If you talk about the specific case of property deals in Virginia, where you are experiencing from real estate investors is pricing the property too high. I want to give you an example; there was a loan that was done. There are so many cases of superficial tags put on the property, and the kinds of real things in practice.
Suppose! You have borrowed money from any of the Private Money Lenders, and you have put lot of renovation activities on that property, then you need to know the real worth of the property. They made place really nice and they actually did a really good job on the fix ups but when they were done with the property, and they listed the property for $ 285,000. I guess that is okay but they left it there forever. They left it there for three months and then at the end of three months when loan can’t do and they started to run into some troubles whatever the case are.
The budding real estate investors would make so many changes in the property and even after spending so much time, they cannot get a real worth of sale price, as they were expecting. Here is the real value of good private money lenders come in view, as they would never want to see you in trouble and certainly tell you the real worth of property deal. I was telling you the case of the earlier said borrower, and an interesting situation developed when they lowered they lowered the price to $ 240,000. So when they lowered the price $ 240,000 they got small activity but they did not lower the price low enough. Suppose the market is depreciating, and if the property is worth $ 200,000 almost six months ago then the property would lose worth up to $ 200,000. So the ultimate result came with the lowering of the price which did not go well with the expectations of the borrower.