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Tim Smith

101 Reasons to Consider a Real Estate Agent - Yahoo! Real Estate - 0 views

  • 101 Reasons to Consider a Real Estate Agent Appreciating the Numerous Steps an Agent Takes for Homeowners With more real estate resources available on the Internet, it may seem as if buying and selling a home is an easy task. These 101 reasons will show you the extent of knowledge and experience that an agent provides to help you through a real estate transaction. This list reflects actions, procedures and processes that a real estate agent may typically perform during a residential real estate transaction - and are all things that you could avoid doing yourself. Typical Pre-Listing Activities 1. Research Current Properties 2. Research Sales Activity from MLS and public records databases 3. Provide Average Days on Market Assessment 4. Review Property Tax Roll 5. Prepare a Comparable Market Analysis (CMA) 6. Verify Ownership and Deed Type 7. Verify County Public Property Records 8. Perform Curb Appeal Assessment 9. Provide Public School Value 10. Provide a Listing Presentation 11. Analyze Current Market Conditions 12. Present Credentials 13. Deliver CMA Results 14. Discuss Planning and Strategy 15. Explain Listing Contract, Disclosures & Addendum 16. Screen Calls from Buyers or Agents 17. Explain Homeowner Warranty Selling the Property Activities 18. Review Title Details 19. Order Plat Map 20. Create Showing Instructions 21. Obtain Mortgage Loan Information 22. Review Homeowner Association Fees and Bylaws 23. Submit Homeowner Warranty Application 24. Add Homeowner Warranty in MLS 25. Review Electricity Details 26. Arrange Inspections for City Sewer/Septic Tank Systems 27. Collect Natural Gas Information 28. Provide Security System Status 29. Determine Termite Bond Status 30. Analyze Lead-based Paint Status 31. Distribute Disclosure Packages 32. Prepare Property Amenities 33. Detail Inclusions & Conveyances with Sale 34. Compile Repairs Needed List 35. Send Seller Vacancy Checklist 36. Install Lockbox 37. Make Copies of Leases for Rental Units (if applicable) 38. Verify Rents, Utilities, Water, and Deposits for Rentals 39. Inform Tenants of Listing for Rentals 40. Install Yard Sign 41. Perform Interior Assessment 42. Perform Exterior Assessment Advertising and Marketing a Listing 43. Enter a Profile Sheet into the MLS Listing Database 44. Provide Copies of MLS Agreement 45. Take Additional Photos for MLS and Marketing 46. Create and Advertise Property Listing 47. Coordinate Showing Times 48. Create and Mail Flyers 49. Compare MLS Listings 50. Develop Marketing Brochure 51. Notify the Network Referral Program 52. Create Special Feature Cards 53. Analyze Feedback Emails and Faxes Handling Offers and Contracts 54. Receive Offer(s) to Purchase 55. Evaluate Net Sheet 56. Counsel and Mediate Offer(s) 57. Deliver Seller's Disclosure 58. Obtain Pre-qualification Letter 59. Negotiate Offers on the Seller's Behalf 60. Mediate Counteroffers or Amendments 61. Fax Contract Copies 62. Deliver �Offer to Purchase� Copies 63. Assist with Escrow Account 64. Distribute Under-Contract Showing Restrictions 65. Update MLS to �Sale Pending� 66. Review Credit Report 67. Deliver Unrecorded Property Information 68. Order Well Flow Test Reports (if applicable) 69. Order Termite Inspection (if applicable) 70. Order Mold Inspection (if applicable) 71. Confirm Deposit and Buyer's Employment 72. Follow Up with Loan Processing 73. Communicate with Lender 74. Confirm Approval of Loan 75. Remove Loan Contingency Home Inspection and Home Appraisal Activities 76. Coordinate Buyer's Home Inspection 77. Review Home Inspector's Report 78. Interpret Loan Limits 79. Verify Home Inspection Clauses 80. Contractor Preparation 81. Confirm Repair Completion 82. Attend Appraiser Appointment 83. Provide Appraiser Information and Remove Contingency Closing Preparations and Actions 84. Ensure Contract is Sealed 85. Coordinate Closing Process 86. Coordinate Closing Formal Procedure 87. Assist with Title Issues 88. Perform Final Walk-through 89. Verify Tax and Utility Preparations 90. Review and Distribute Final Closing Figures 91. Request Closing Document Copies 92. Confirm Receipt of Title Insurance Commitment 93. Make Homeowners Warranty Available 94. Review Closing Documents 95. Confirm and Assist with Final Deposit 96. Coordinate with Next Purchase 97. Ensure "No Surprises" Closing 98. Final MLS Update 99. Follow Up and Resolve Repairs 100. Documentation Follow Up 101. Hand the keys to the new owner
    • Tim Smith
       
      Brought to you by Yahoo! Real Estate Site Submit by: Tim Smith Coldwell Banker Wallace & Wallace tim.smith@coldwellbanker.com East Tennessee's Home Team
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Tim Smith

Mish's Global Economic Trend Analysis: The Changing Business of Real Estate (Part 1) - 0 views

  • Like it or not (and the NAR doesn't like it one bit) the business of buying and selling a home is changing
  • Joe Fox said the percentages in Iggy's Facts come straight from the NAR. So if 64% of home buyers find a home without the help of an agent (24% online and the rest driving around neighborhoods or by other means),
  • BuySide Realty operates on the principle that people who find the home they want to buy should get paid for their effort. So BuySide actually shares with the buyer 75% of the commission
  • ...12 more annotations...
  • a $500,000 home with a 6% commission spit equally, BuySide Realty would return $11,250 to the buyer of the house. If the commission was split 4% to the buyer's agent (not uncommon in this market) BuySide Realty would return $15,000 to the new home buyer
  • BuySide keeps the other 25% for providing expert advice
  • Once you register you can print out a business card to hand to the agent at any open house you attend. BuySide will also arrange appointments on your behalf
  • BuySide agents are paid a regular salary as opposed to the commission based structure
  • distinguishing feature of the BuySide model is pre-approval not just pre-qualification. Before scheduling a private showing on any listing in their system, a buyers must be pre-approved. If someone can not afford a house they want to look at, it simply will not be shown
  • Currently BuySide is doing business in 5 states: Illinois, California, Florida, Virginia, and Georgia
    • Tim Smith
       
      in another article as of april 5-07. buyside is ready to do business in washington state and texas. t.s. cbww
  • Buyside expands to all 50 states, that is going to result in a big dent in the pockets of real estate agents as buyers flock to take advantage of BuySide's significant improvement over the current business model
  • These changes will dramatically affect the current real estate commission structure and who benefits.
  • Joseph Fox, CEO of both BuySide Realty and its sister company IggysHouse
  • "In contrast, our model is based on service, customer satisfaction, and trust".
  • BuySide will be rolling out additional states soon and eventually plans to be in all 50 states.
  • Tomorrow we will take a look at the sell side of the equation from BuySide's sister organization known as Iggys. I will have some final thoughts at that time as well. Stay tuned.
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Flitton Group

Child Care in Las Vegas - 0 views

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    One of the most important decisions parents can make is selecting an appropriate care solution for their young children. Families relocating to Las Vegas will be pleased to know of the many choices available to them. This chapter provides information on the types of care facilities available, including family child care and nannies, how to make an educated decision about selecting the right facility, as well as the kinds of activities that are well suited to your child. -Rob Flitton *The Closer*, (702) 496-7260, robflitton@gmail.com, RE/MAX
Flitton Group

Interested in Vegas? Learn More With Free Vegas Videos - 0 views

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    See videos on shopping, lifestyle, neighborhoods, art, golf and much more. -Rob Flitton *The Closer*, (702) 496-7260, robflitton@gmail.com, RE/MAX
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