How to Buy a House from Real Estate Agents in a Bad Economy
Nick Wambolt, the best Real Estate agent in town can sell anything to anyone, but can he convince two hillbillies (Jesse Moore and Tim Wambolt) to move out of their gay, blue fairy car?
Duration : 0:5:27
How to Finance the Purchase of Foreclosures
http://screencastprofits.com – This video is part of an experimental “smart mob” project. It uses techniques covered in the Screencast Profits course from Lon Naylor at: http://screencastprofits.com
Duration : 0:5:10
Should You Buy a Foreclosed Home?
ABC News Report: “Should You Buy a Foreclosed Home? (How to Avoid a Lemon).
Duration : 0:3:38
Real Estate Investing Fundamentals, Show Me How Videos
Real Estate Investing Fundamentals
Investor and Wealth Building Video Series
In this video you will learn
•Proven techniques for investing in Real Estate
•How to locate deals on properties
•Learn about foreclosures, REO’s and tax sales
•The benefits of 1031 Tax Exchanges
•Working with tenants and leases
•Managing your properties
•How to limit your liabilities and risks
•Several experts give you industry knowledge
•Actual links to free foreclosure websites
•Links to free pre-foreclosure websites
•Links to free REO websites
•Download files on the DVD to assist you
•Go into an actual investment property
•Flipping properties
•Learn about some of the financing options to you so you can retire early
Learn from several experienced real estate investors. Your will receive their advice on how to get started and take the fear out of this rewarding venture. These investors will give you real world experience including the pros and cons on investing. You will hear from veteran investors so you may develop your own investing philosophy. The free links provided in this video are some of the same ones you may pay hundreds of dollars for on pay per foreclosure websites.
Now with low interest rates and high foreclosures this is the perfect time to purchase investment properties. This how to DVD will show you some of the methods the rich get richer and how to get into the real estate investing market. 1031 Tax exchanges are one method that investor increase their net worth and defer their tax liability.
This video will educate you how to protect your real estate investments and insider knowledge on how to manage the properties and the rental tenants. This video is not a quick rich video, but rather a real life approach to understanding some of the tools that experience real estate investors use every day in working in the housing market.
Our experts include; Audrey Richter-Realtor, Investor, Tom Harner-Investor Coach, Lender, Herb Chisholm-Property Manager, Stephen Showalter-Investor, Diane Rivera-1031 Tax Exchange Expert, Cheryl Moses-Property Manager, Marilyn Gelsie- Investor, Lender and Dave Born-Realtor and Investor.
For the complete video visit www.showmehowvideos.com
Duration : 0:2:34
New Alliance Realty – Santa Maria, CA
New Alliance Realty 888-350-8836 http://www.yellowbook.com/profile/new-alliance-realty_1845234836.html
Duration : 0:0:36
Discount Real Estate Santa Maria Brokers
Fact is, there are Santa Maria realtors who would not hit you with a really huge commission rate. These are the discount realtors, brokers or agents. In truth, there is really no standard fee rate or brokerage fee. You can negotiate commissions and there are realtors who are open to negotiations. In fact, they advertise the fact that their service comes cheap.
Many of these brokerage firms are capitalizing on the fact that people know that commissions can be negotiated. They are creating a market niche for themselves by offering discounted services outright. They promise to save Santa Maria home owners money. They also promise rebate commissions to potential homebuyers-clients.
Understanding How These Santa Maria Brokers Work
Traditional brokerage fees can go as high as 6-7% of Santa Maria homes selling price. A certain percentage of this is given to other agents as co-brokering fee. Basically, the listing agent earns more than other agents involved in the transaction.
Discount brokerage firms adopt different kinds of policies. Examples of these policies include:
a. Flat fee listing policies. Santa Maria realtors who adopt this policy basically take all their listings at a flat rate. A cooperating fee will be paid to selling brokers however. This fee will be taken on top of the flat rate and this will be paid by the seller as well. Usually, their advertising policy will not disclose this fact. Of course, this can be very misleading.
b. Buyer commission rebates. There are Santa Maria realty companies who offer buyers a flat fee from their commission. This money is paid by the seller. This is all dependent upon the condition that the buyer will hire an agent from the company.
c. Small percentage-fee listing policy. There are brokerage firms that advertise an incredibly small commission rate. They could go as low as 1% of the selling price. Of course, they rarely divulge the fact that the selling broker will have to be paid as well and they will charge an amount on top of their commission for this.
d. Reduction of brokerage fees in exchange for a transaction. There are times when the brokerage firm accedes to reducing their brokerage fees in return for another transaction. For instance, you can be asked to purchase a home from their listing. In return, they will reduce their commission fee.
e. Graduated fee policy. A graduated schedule of payment will be presented to you. The amount will be dependent on the services that will be required from the brokerage firm.
These are a few of the policy examples adopted by these kinds of Santa Maria realtors. If you are thinking of buying a house, do not just expend energy on looking for homes for sale in Santa Maria. You should also take the time to consider the best agent or realtor that you can hire.
How to Choose a Santa Maria Listing Agent
If you are looking at Santa Maria homes and thinking of buying a house for your family, there are things that you need to avoid doing. These mistakes can cost you a lot of money. This is also true for home sellers. Many homeowners select their listing agent based on:
- Who offers the highest listing price for the property
- Who charges the smallest commission fee
As a home seller, it is easy to base your decision on these things. Who doesn’t want to get the most out of the sale? Who doesn’t want to pay the smallest commission fee? These things translate to “more money for the seller”. Naturally, it is easy to base your decision solely on these things.
Unfortunately, these are not really the best criteria for judging the competency of a listing agent. If you really want to make money out of the sale, you need to hire a really good Santa Maria realtor, a listing agent who is competent, experienced and honest.
Should You Base Your Decision on the Suggested List Price?
Unless, you do not want really want to sell your house for any reason, the suggested list price can be a basis for your decision; otherwise, you will be committing real estate market suicide with this as your basis. Here is one secret that you need to know: Santa Maria realtors cannot tell you with absolute certainty how much your property will sell for.
They do not really know. However, they can show you comparative sale studies. This is where you and your listing agent will ultimately base the list price for your home. You make the choice and it is the buyer who will tell you if the price is right on the spot. Do not be lured in by promises of big money.
Unfortunately, there are many realtors or agents who will bend the truth a little just so they can get the listing. Be on the lookout for these types of realtors. You need to look for someone who will offer you a range instead of an exact bloated price. Pricing a property correctly is not an exact science. Some would say that it is an art even because there are a lot of things that you have to consider.
Should You Choose Your Agent Based on Commission Fees?
Definitely not! This is another huge mistake and this is something that you should avoid doing. Santa Maria realtors are not all the same. Their skills, expertise, experience and connections are different. Naturally, commission fees may vary as well. Therefore, you cannot base your decision on the commission fee charged. You need someone who can do the job best and not someone who can charge the lowest fee.
Santa Maria Realtors: Asking the Right Questions
Of course, you need to know what questions to ask Santa Maria realtors when you interview them. These questions will help you figure out whom to hire. It is also important that you know the right answers to these questions. Their answers to your questions will help you figure out which one to hire.
1. How long have you been in the real estate business?
Experience matters when it comes to real estate. You need someone who knows the ropes in and out. Your agent should know how to handle every tricky situation that comes his way. He should know how to recognize signs of potential problems or crisis. Make sure that your agent has been in the business for at least five years before you hire him.
2. What is your average list-to-sales price ratio?
The average list-to-sales price ration would depend on whether you are hiring a listing agent or a buyer’s agent. This would also depend on whether the market is a buyer’s market or a seller’s market.
In a buyer’s market, a listing agent should be able to show a ratio of 97%. If it’s a seller’s market, his ratio should be 100% or more.
In a buyer’s market, a buyer’s agent should be able to show a ratio of at least 90%. If it’s the seller’s market, he should be able to show a success ratio of 100% or more.
3. What is your marketing strategy?
The marketing strategy of a particular agent would depend on whether you are trying to sell or buy homes in Santa Maria. If you are buyer, your agent should be able to show you at least five homes a day for as long as you need to find a good property. Your agent should have previewed this home before you, so he must have already assessed whether these properties meet your expectations, parameters and standards.
If you are trying to sell a house, your listing agent should be able to have an organized and strategic advertising plan for you. This should include weekly advertisements which include direct mails, e-flyers and brochures as well.
4. Who are you affiliated with?
Over the years, Santa Maria realtors and real estate agents build connections. These may include title companies, mortgage lenders, Santa Maria home appraisers, home inspectors and other professionals. You will be dealing with each and every one of these individuals and it is easier to work with someone who has connections and who knows people who can give you competitive, if not considerably cheap, fees. You should also check if your agent receives a certain compensation for his referrals. If so, you should reconsider hiring him or her. Not only is this unethical, it is also against the law.
5. How much do you charge? What does your fee include?
Here’s one thing that you have to remember, all fees are negotiable. If you are trying to buy a property, you can basically expect your agent to ask you to sign a buyer’s agreement. However, the fees agreed upon on the contract may still be negotiated or adjusted especially if the offer seller’s payment is considerably lowered.
If you are a seller, you should familiarize yourself with discount agents. You should inquire from your Santa Maria realtor or agent about discounted fees. Perhaps, you will be able to get him to match whatever fees other agents offer.
6. What can you personally guarantee me?
There are some things that you need to establish before you hire an agent. An agent must be willing to release you from an agreement before the expiration of such agreement. You do not want to be stuck with an agent with whom you are not happy with. He or she must be willing to release you from your agreement upon request. Of course, if you have entered into a buyer’s agreement, it may be hard for you to get out of the contract. After all, that is the essence of this contract. It is meant to make it hard for buyers to easily get rid of an agent.
Does He Understand You?
You need to be honest with your Santa Maria realtor or real estate agent. You need to let them know your expectations and objectives. Your agent needs to understand these things and he or she must share the same goals. If you feel that you cannot work with a particular agent then try to look for someone else who can really get the job done.
You need an agent who listens to you. Unfortunately, there are those who do not listen really well. Get the agent to reiterate your expectations and goals, so you know if you are on the same wavelength. Take your time to look for the best realtor in Santa Maria.
Santa Maria Realtors – How Many Do You Need?
If you are thinking of selling your house in Santa Maria and buying another one, you do not really need two different realtors to represent you. You do not need a listing agent and a separate buying agent. You only need a single Santa Maria realtor to help you out.
Very few home owners, buyers and sellers really understand how the whole home buying or home selling process works. Not surprisingly, they do not know whether or not they need to hire a buyer agent on top of hiring a listing agent as well.
In order to understand the full scenario, you need to know the difference between these things. What do their job descriptions entail? There are many Santa agents who excel at selling Santa Maria homes and there is a considerable number of agents who are also great at assisting home buyers find the best homes in Santa Maria. There are those that can easily handle selling and buying homes at the same time.
Why Should Your Hire Separate Agents?
It is especially advisable to hire separate agents when the house you are trying to sell and the property that you are trying to buy are located in different neighborhoods or areas. You might want to look into hiring an agent who specializes in that area. Agents who specialize in particular neighborhoods have collected a backlog of clients who are interested in either selling or buying homes in Santa Maria as well. These agents will be able to respond more to your requirements or needs.
You might also think of hiring a separate buyer or listing agent if your present agent specializes only in one thing. This is particularly true with listing agents. They usually head up a team of agents and they will not likely be able to devote their time to helping you out on your purchase. You will likely be hand off to another agent in his or her team. This is why it is better for you to hire someone experienced and preferably specializing in buying properties.
Why Should You Choose Sole Representation?
Convenience – that is the most obvious reason. You do not have to transact or communicate with different agents at the same time. You only have to deal with one. Your agent can easily coordinate closings simultaneously. You will also likely get a discount as well if your buyer agent is the same as your listing agent. There are those who would charge a bigger commission fee. They would argue that working two jobs would require harder work from them, so they would likely refuse to reduce your rates. Still, it is a good idea to ask. After all, there is nothing wrong with asking.
There are many Santa Maria realtors and real estate agents. Ultimately, it is up to you to decide whether or not you would like to hire a single person to work as your listing and buyer agent at the same time or if you would prefer to hire different individuals.
Making Millions with Commercial Real Estate – How to Buy Your First Apartment Building
http://www.mentorfinancialgroup.com/petercontireplay.html
Lean how to buy your first apartment building with no money down.
Peter Conti will personally train you on how to buy your first apartment building. He will show you how to:
* find deals no one knows about
* negotiating the best deal every time using his proven 6 step system
* increase the profitability of your properties
And much more.
Peter Conti is the author of:
Commercial Real Estate Investing for Dummies
Making Big Money Investing in Real Estate without Tenants, Banks or Rehab projects
Making Big Money Investing in Foreclosures without Cash or Credit
Buying Real Estate without Cash or Credit
How to Create Multiple Streams of Income Buying Nice Homes in Nice Areas
Duration : 0:3:7