Finding the Best Real Estate Agent

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It is imperative to find a good real estate agent in order to make the transaction process smooth and hassle free. It is not necessary that the largest amount of brokerage fee would necessarily fetch you the best real estate agent. Rather, the best real estate agent would be an experienced professional who would understand your needs, maintain an ethical behavior throughout the transaction process and know the market well enough to help you get the best deal. Selection criteria is unique to the investor as it depends on the types of real estate being purchased and the location of the investment, however it is important that the investor is comfortable with the agent representing their interests. Once you have identified a list of qualified agents, the final and most important step would involve interviewing the agent. Similarly, you may also know that the agent is good through the questions asked by the agent, which can further qualify the agent. Selecting the first agent you meet is a mistake that many real estate investors make and its one that can easily be avoided.

One of the key reasons that a real estate agent stays in the business is because of referrals. Satisfied clients often refer these agents to their families, friends, co-workers and neighbors. Therefore you may ask your colleague or friend to suggest the name of a good agent whom they have worked with and been happy with the entire procedure. Customer satisfaction is one of the primary aspects to judge the quality of the agent. The greater the number of satisfied clients, the more successful and reputed an agent would be.

You may also take the help of the Internet to browse through a number of agents enlisted on different websites according to their reputation and success factors. However, there is no guarantee that whatever is stated in the websites is essentially true or complete. You may still try the reputed search engines and go through the individual profiles before selecting interviewing the agents you identify.

Attending open houses can be a good way to meet real estate agents. You may also collect their business cards and make notes on them about their ways and methods of selling and promoting properties.

Keep a track of your neighborhood signs and keep records of the day they are sold. The agent who sells the property in the shortest time would definitely be a better agent and may have enough connections to find you the right deal. Ultimately, it is the end results that actually matter.

Printed advertisements can also be one of the ways to find a good agent. Advertisements by these agents are aimed to serve the dual purpose of selling the property as well as promoting themselves. Check out the Sunday newspaper and contact some of them to find out more about them and their experiences.

Another way to find out the best agent can be through professional recommendations. In most cases, agents are happy to refer sellers and buyers to their friends and fellow associates, especially if the service required by you is not an area of their specialization. While some agents may deal only in residential resale, others may work only with new property builders. Experience is a valuable time saver and therefore important to most investors.

Finally, before hiring the agent you need to ask some essential questions, the answers to which can help you in making the final decision. Enquire about the time period the agent has spent in this business, the average ratio of sales price to list price, the marketing strategy that the agent would employ to meet your needs and the top three things that distinguishes the agent from the others in the market. You may also ask the agent to provide some references and whether you can have an attorney review the documents before you sign them. Do enquire about his fees and about the kinds of guarantee that he has to offer. Find out whether he can help you in finding other professionals like accountants and lawyers and finally ask him whether you missed out on anything that you need to know.

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Source by Kris Koonar

FSBO Sales & MLS Listings

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Traditionally one of the major drawbacks to FSBO selling is the fact that the home was listed with the MLS listing service, thereby mission out on a huge market and a top-notch advertising opportunity. well, this is no longer the case! Now people who have chosen to sell their homes themselves have the chance to list their home on the MLS and open their sale up to a huge market that was before, unreachable. This is done through what is known as a "Flat Fee MLS listing."

MLS Listing has always been something that was exclusive to licensed real estate agents, and to an extent it still is. A flat fee listing is still done through a real estate broker, the difference being that when your property is listed you become the listing agent. You will still have to pay a commission to an agent if they bring you a client that purchases the home but that is small in comparison to the savings you will get by selling the home yourself.

Listing via the flat fee MLS is only one of the things that you should do in order to give your FSBO home the coverage it needs to sell quickly. Other avenues that should be explored are advertising on a national FSBO website, ads in the newspaper, signs around the local area, open houses and home info packs for viewers. Selling your home yourself is a huge undertaking and it will eat up a lot of your time. You have to play realtor as well as doing your normal daily job and this can be kind of daunting. You will have to make sure that you keep yourself as available as possible at all times, you can not afford to miss that show that could be the sale you have been waiting for.

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Source by Kevin Bilberry

FSBO, Real Estate Agent, or Both?

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When you decide to sell your home you should consider your options. The traditional method of using a real estate agent is the safe route but can be expensive. The for-sale-by-owner or FSBO method can save you thousands of dollars but might be more work than you expect. Let's look at the two methods in detail so that you can make an informed decision

Using a real estate agent is the easiest method because you have someone who is trained to sell your home for you. A real estate agent can guide you through each step of the selling process. Your involvement is at a minimal when a real estate agent is in charge. There are several big advantages to using a real estate agent when selling your home.

Real estate agents can market your home using the Multiple Listing Service or MLS. This service allows agents to market your home to other agents and on the internet. Only real estate brokers may list a home on the MLS service. This service is one of the best ways to market your home. When an agent is trying to find a home for a buyer they will use the MLS to look for potential homes. There are thousands of websites that use the MLS listings for content. This means that when you home is listed on the MLS it will be listed on hundreds of websites. Being able to list your home on the MLS is one of the greatest advantages of listing your home with a real estate agent.

Real estate agents will show your home for you. You will not have to be at home for others to see it. Your agent will take care of showing your home and arranging for other agents to show your home. This is a great time saver. Imagine a hot buyer wanting to see your home in the middle of the day while you are at work. Do you want to have to leave work every time someone wants to see your home?

One of the biggest advantages of using a real estate agent is that they will negotiate for you and handle the paperwork. Selling your home by yourself can be tricky if you do not understand real estate contracts. You do not want to lose thousands of dollars or the sale because you do not understand the contract. Real estate agents can help you get to the closing table.

Selling a home via FSBO has its obvious advantages. Selling your home with a real estate agent will cost several thousand dollars. If you are lucky enough to sell your home FSBO then you will save thousands of dollars. The downside of selling FSBO is that it takes a lot of work. You will have to show your home when someone wants to see it. You will need to be able to negotiate the contract and get everyone to the closing table. You will also need good marketing skills. Selling FSBO is difficult and seldom works.

I would suggest you consider using both methods. You can get the benefits of both methods by using a flat flee service. These services take a flat fee, usually around $ 500 to sell your home. This method allows you to list on the MLS, use an agent to negotiate the contract, and save a few thousand dollars. This method uses a real estate broker to list your home and do the paper work. If an agent brings a buyer you will have to pay 2 or 3 percent commission but if you sell it yourself then you save the commission.

Take a look at your options before selling your home. Consider the advantages of each and pick the one you are most comfortable with.

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Source by Jordan S Ashton

Should I Use a Realtor to Find My Rental Home?

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“You’ve decided that you’re ready to rent a home. Perhaps you’ve been living in apartments for a long time and ready to move into a bigger space with a yard but aren’t quite ready to commit to buying a home. Making a move like this generally suggests that you’re looking for a home that you’re going to be in for at least a short period of time and so you want to find a home that meets all of your needs. You can probably do this on your own, but would it be better to get the help of a realtor? Possibly.

Here are some things that might make you want to use a realtor to find your rental home:

• You’re new to renting. If you’re moving in to your first rental home and have previously lived in a parents’ house or a dorm, you may not know what you need to look for in a rental home. A realtor can not only make sure that you get all of your rental needs met and get the best deal for your situation but will also take you through all of the steps in the process so that you’ll have that knowledge when renting future homes.

• You are moving to a new city. If you’re moving to a location that you aren’t familiar with, it’s usually a wise idea to get the assistance of a realtor for finding your rental home. Your realtor will be able to answer questions about the safety of a neighborhood as well as let you know about its proximity to schools, public transportation and area nightlife. These things can take awhile to research on your own so you may save time (and heartache) by using a realtor.

• Negotiating rental terms is difficult for you. Most landlords expect that you will attempt to negotiate certain terms of your rental agreement. You’ll try to get a lower rate or at least a lower deposit, you’ll want some leniency on the “no pets” clause or you’ll want to clarify points about maintenance of the home. If you aren’t good at negotiating these things, you might just accept the rental agreement as is which is usually not a good idea. A realtor can do these negotiations for you which will get you the best lease without harming your relationship with the new landlord.

• You don’t have the time to find your rental home. Perhaps you’re a busy professional with too much on your plate and you can’t be looking through rental ads all day long. Hiring a realtor who will listen to your needs and find you the right homes to look at can save significantly on the time involved in the process.

A Realtor’s job is to figure out what your needs are and then meet those needs while getting you the best possible lease agreement on your new rental home. If you are new to renting (or new to renting in a particular area) or you just don’t have the time or ability to find and negotiate on your new home, then a realtor could be a great way to go. You want to find the home that you want to live in and it’s never a bad thing to ask for a little help.”

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Source by Kinan Beck

Why You Should Use A REALTOR

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When either a homeowner decides to sell his home, or a buyer determines he’s ready to acquire one, there are a few preliminary, early decisions to be made. The first is whether to use a real estate professional, or try to do it himself. The second is, if he decided to hire an agent, is that individual a REALTOR. As a Licensed Real Estate Salesperson, in the state of New York, I have heard all the reasons why someone believes they don’t need an agent, but generally the main issue is they don’t want to pay a commission. Do they realize that about 92% of all houses are sold by real estate professionals? Do they realize that most For Sale By Owners eventually end up being listed by a real estate agent? My response to the commission issue is to inquire whether the objection is about the commission, or is the primary goal, getting the best price for a homeowner? Statistically, transactions involving real estate agents garner a higher amount than those which don’t, and most often more than the amount of commission. Also, isn’t the advice, guidance, etc, of some value? However, many appear not to understand the difference between a Realtor(R) and an agent. Both are licensed by the state, but the former must comply with additional ethical codes, have more access to all the properties listed on the market, as well as availability of the Multiple Listing Service. Let’s look. from a mnemonic approach, at a few of the advantages of using a REALTOR.

1. Reliable; responsible: Most larger real estate offices are members of the Board of Realtors, and therefore all their agents must also be. This has the advantage, usually of providing reliable, responsible service and advice.

2. Ethics; education: Most states mandate some ethics training, but most Real Estate Boards have a more – developed, stronger Code of Ethics. A Realtor (R) often has readier access to advanced education, training, etc.

3. Aptitude; activity: In my area, the vast number of brokers are Realtors (R), but in some regions, that may not be the case! Because of a combination of factors, including Multiple Listing Service, networking, etc, a homeowner would then, often gain a higher degree of visibility, and in real estate, more views generally translates to sales! Homes which get more viewing activity, often sell quicker, and at a better price and/ or favorable conditions.

4. Learning; listing: In today’s litiginous society, choose someone with more learning, to handle your listing!

5. Training: Larger agencies generally offer more training, and agents in those offices also benefit from coming into contact with other seasoned, experienced real estate professionals.

6. Options: Opt for an agent, whose broker offers you the most, and best options and visibility!

7. Reputation: Examine both the reputation of the individual agent, as well as his Broker’s reputation! Doesn’t that make sense?

Phil, from the television show, Modern Family, is seen in REALTOR advertisements, seen by millions of potential buyers. For most people, under the majority of circumstances, they are best represented by a real estate professional, who is a REALTOR!

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Source by Richard Brody

Should I Use a Realtor to Find My Rental Home?

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“You’ve decided that you’re ready to rent a home. Perhaps you’ve been living in apartments for a long time and ready to move into a bigger space with a yard but aren’t quite ready to commit to buying a home. Making a move like this generally suggests that you’re looking for a home that you’re going to be in for at least a short period of time and so you want to find a home that meets all of your needs. You can probably do this on your own, but would it be better to get the help of a realtor? Possibly.

Here are some things that might make you want to use a realtor to find your rental home:

• You’re new to renting. If you’re moving in to your first rental home and have previously lived in a parents’ house or a dorm, you may not know what you need to look for in a rental home. A realtor can not only make sure that you get all of your rental needs met and get the best deal for your situation but will also take you through all of the steps in the process so that you’ll have that knowledge when renting future homes.

• You are moving to a new city. If you’re moving to a location that you aren’t familiar with, it’s usually a wise idea to get the assistance of a realtor for finding your rental home. Your realtor will be able to answer questions about the safety of a neighborhood as well as let you know about its proximity to schools, public transportation and area nightlife. These things can take awhile to research on your own so you may save time (and heartache) by using a realtor.

• Negotiating rental terms is difficult for you. Most landlords expect that you will attempt to negotiate certain terms of your rental agreement. You’ll try to get a lower rate or at least a lower deposit, you’ll want some leniency on the “no pets” clause or you’ll want to clarify points about maintenance of the home. If you aren’t good at negotiating these things, you might just accept the rental agreement as is which is usually not a good idea. A realtor can do these negotiations for you which will get you the best lease without harming your relationship with the new landlord.

• You don’t have the time to find your rental home. Perhaps you’re a busy professional with too much on your plate and you can’t be looking through rental ads all day long. Hiring a realtor who will listen to your needs and find you the right homes to look at can save significantly on the time involved in the process.

A Realtor’s job is to figure out what your needs are and then meet those needs while getting you the best possible lease agreement on your new rental home. If you are new to renting (or new to renting in a particular area) or you just don’t have the time or ability to find and negotiate on your new home, then a realtor could be a great way to go. You want to find the home that you want to live in and it’s never a bad thing to ask for a little help.”

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Makler Heidelberg

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Immobilienmakler Heidelberg

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Source by Kinan Beck

Some For Sale By Owner Guidelines

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Selling your home via the FSBO method has some particular areas of concern for the home owner that should be understood before the sale process begins. When selling your home yourself you are essentially un-insulated from the potential buyers. In using a realtor there is a intermediary working between the two parties and that is one thing that FSBO sellers have to learn to do without. This layer of insulation can be handy as it separates the qualified buyers from the lookers. In selling FSBO you should always be sure to qualify potential clients so that you are sure that your time is not being wasted. The easiest way to do this is to require a letter of approval from the buyer's lender. Do not be afraid to ask for this as you do not want to deal with unqualified buyers or just people who happen to be looking. Time is money and in a FSBO sale that concept holds true.

Another good thing to shoot for when selling via FSBO is a professional grade marketing plan. This can be a difficult thing to achieve on a reasonable budget but there are ways to do it. A good place to start is a flat-fee MLS listing. This will ensure that realtors in your area know about your listing and can direct clients towards your home. not having your home listed on the MLS can mean much longer before word gets out about your home and the average sellers would like to see a quick and clean sale. Try inviting the local realtors to an open house. You can make it clear that you are not interested in retaining their services, merely that you want them to know that your home is for sale and open to their clients.

One last thing that you should try to remember when showing the home. It may be difficult to remove yourself emotionally from the sale of the home. As difficult as this may seem it is necessary. People may have trouble mentally removing your family from their view of the home. The ideal situation would be a buyer coming into the home and instantly being able to see themselves living there. This may be hard to do if you are recalling the things that happened to you and your family while living there. Try to detach emotionally. I know it's hard but it will assist the sale greatly.

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Source by Kevin Bilberry

Selling FSBO – Is It Your Cup Of Tea?

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As equities increase in today's housing prices, more and more owners are deciding to sell "fsbo" to save on the commission and also to have more control over the selling process.

If you have never sold "fsbo" before it can be challenging and also rewarding. Giving it a try for 4 weeks should be enough time to test your resolve. In that short period of time, you should be aware of whether or not, going it alone, is for you.

Let's review some of the benefits of selling fsbo:

1. Saving the Commission – In today's market most real estate companies charge around 6% with 3% going to the listing side and 3% going to the selling side. On the sale of a $ 300,000 house that results in an $ 18,000 commission coming out of your equity. If you can sell it on your own, you save that huge chunk of money.

2. Selling FSBO allows you to be in control of the selling process – when it is shown, advertising, buyer incentives, etc.

3. Selling and advertising "FSBO 'seems to be a magnet for some buyers. Just using the word FSBO in the heading of your ad should drive the masses to your property. Some buyers love" FSBO's and try to avoid an agent at all costs .

Some of the draw downs to selling on your own:

1. Paperwork, paperwork and more paperwork. Just a standard transaction for a residential purchase in my office has over 20 pages of paperwork. As a FSBO, you want to make sure you are covered with too much paperwork and that may just be a hassle for some sellers going it on their own.

2. Headaches with negotiating. Some buyers and sellers who can not come to terms just throw up their hands in disgust. An agent has experience with negotiating and is an excellent buffer between the buyer and seller. If negotiating is not your cup of tea, consider the help of a professional.

As you can see, there are many pros and cons to selling "by owner". Currently, only about 25% of all "fsbo's" that give it a try end up selling their own home. The rest either take their home off the market or end up listing with a professional.

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Source by Tom Jacobson

Realtors- Characteristics of Good Real Estate Agents

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In Denver, there are many real estate agents to choose from. Selecting the right person is a daunting task. With so much riding on your choice you need to know you have selected the right agent. There are some characteristics of good real estate agents. This article will tell you what to look for so you can make the right choice.

When buying or selling real estate the first impression may be the last impression. If your first impression is anything less than positive take a look at why. Is it your own personal bias or is something wrong? A good real estate agent should give you a good first impression.

Professionalism is required in all areas. If your realtor doesn’t behave professionally with you, he or she won’t be professional with other potential buyers or sellers either. Is the agent dressed neatly? Is the office tidy or are there piles of papers on the desk? Is the waiting area comfortable? The answers to these should always be yes.

Consider how fast phone calls and emails are returned. This says a lot about how hard your agent is willing to work. Calls and emails should always be followed up in a timely manner.

Your agent should be knowledgeable and should be able to help you through the process of buying or selling. Agents should know the state and local real estate requirements and applicable laws as well as be familiar recreation spots, schools and hospitals.

Good agents enjoy working with people. They make you feel at home and are always willing to answer your questions. Agents should be polite, friendly and should never rush you. They should make you feel that you are their focus and not a sales commission.

You want an agent that goes beyond the call of duty. These are agents who give you regular reports and do everything they can to help. In short, these are the most effective at doing the job you need.

Realtors should be forthright and honest at all times. You deserve to have an agent that takes the time to make you Number One. If you even suspect that your realtor is dodging your phone or doing less than their part, sever the relationship and look for another agent.

This is a great time to buy real estate in Denver. These characteristics of good real estate agents can help you do just that.

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Source by Derek Weeks

Short Selling Your Home

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Phone: 06227-399170
Mobile: 0176-2116-9990
eMail: info@heidelbergerwohnen.de
Internet: www.heidelbergerwohnen.de

Though many people are not overly familiar with the term, "short selling" has been around for a long time. Basically, short selling one's home means they're willing to sell the home for less than what it's worth.

There are two main reasons someone would want to do this. The first is to get away from the house for personal issues. This has been used over the years for divorced couples looking to get away from each other as quickly as possible. They might try to sell the home at a profit first, but they will not wait long, and they're willing to take a loss just to move on with their lives.

The second is not as cut and dry. Because of our economy and the state of the real estate market, homes in many areas around the country are suddenly worth less than the mortgages they're stuck paying on them. Some houses have lost half their value, yet seen their mortgages go up. If someone in the household has lost their job, suddenly it's difficult to keep up with payments, whether they went up or not.

In this case, short selling means trying to get out from under an oppressive mortgage payment. It's different than foreclosure in that the owners are trying to get something so they can minimize the damage to their credit status. Banks are not overly crazy about it because, even though they know the value of the homes has decreased, they still hold out the belief that the values ​​of those homes would still get them much better payments later down the road. No one will be agreeing to any more floating mortgages; you can bet your life on it. So, banks, which should be happy to at least have something coming in, really are not happy.

Short selling looks like a nice option for owners, right? Well, there are some issues with doing this. Even though a foreclosure will immediately hit a credit statement, short selling one's home has the potential to do the same thing. If the seller does not work out a deal with the bank to pay the difference between what they get for the house and the balance that's being lost by the bank, the bank can still report a default on the loan, which is still a negative report on your credit history. Some banks are forgiving the debt if the selling price is close enough to what the original mortgage was, but if it's not, they either want their money or they're going to get their pound of flesh.

And one last thing; a bank can report you to the credit agency, and still send your account to a collection agency to go after the balance. If you do not have the money to pay them back, that agency would probably have to get in line behind all the other agencies you've had to deal with for some of your other bills. But it's another irritation the consumer would have to deal with.

Still, it's an option to consider for some homeowners who are in serious financial distress. The overall debt would be less than just walking away from the house, and it would bring some peace of mind quicker.

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Source by Luis Pezzini