Not All Real Estate Brokers Are Members Of The Local MLS

Did you know that not all real estate brokers and not all agents are necessarily members of your local MLS (multiple listing service), wherever you may live in the U.S.? What does it mean if a broker is not? Let’s consider the implications.

Most people know that the MLS is where real estate agents post their listings. This is the first step in marketing a property. Putting the listing in the MLS gives other agents who are members of the MLS the ability to view the details of that listing and share the listing with their potential buyer clients. All of this exposes the listed property to more potential buyers.

So why wouldn’t a broker be a member of a local MLS? There are three logical reasons. First, it is too expensive. That is not likely, since it is not an expensive service. In fact, it is the least expensive marketing an agent will ever do. The second possible reason is that the broker has a better marketing plan. That could be, but this also not likely, since the best marketing plan would include first listing it in the local MLS. The third possible reason would be that the broker’s membership was suspended or revoked by the local MLS board. If that is what happened, we don’t even want to discuss going further with that broker. Anyone who list with such a broker either does not know about the suspension or revocation or they are on Ritalin.

For the consumer, there are several more important considerations in deciding to list with a non-MLS participating broker.

  1. What is the broker’s plan to market your property? Does he or she even have a plan?
  2. How are the listings exposed to the rest of the world, or are they at all?
  3. Does the broker depend almost entirely on just hanging poor photos of your listing in the window at his or her office? How many buyers will that expose your property to?
  4. Is the broker’s effort at marketing focused only on local buyers in a limited marketing effort, or is there any national exposure to the many out-of-state buyers?
  5. With no exposure to all the other local brokers and agents, how does the broker intend to expose your listing to all potential buyers, or even many of them? Most buyers will be working through other agents, right?
  6. What is the broker’s relationship with other local agents? Good? Bad? Non-existent?
  7. If the broker is not part of the local broker network, understand that it is highly unlikely that other local agents will ever tell their clients about the broker’s listings. Why should they, they don’t get paid.
  8. A non-MLS broker will not have an IDX (public) search capacity from their website and your listing won’t show up in other agents’ websites through their IDX public property search tool.
  9. Does the broker have many other agents who will help market your property, or is the broker a loner?
  10. A non-MLS broker may try to entice customers with discounted commission rates. One question here. Would you pay a discounted price for a burnt steak, a rotten potato, and freezer burnt vegetables? What’s a discount if you don’t get the service, can’t sell your home, or don’t get the best price?
  11. Last question. What is the broker’s relationship with past clients? I don’t mean just 2 or 3, I mean many of them. Anyone can end up with a few happy clients, but what about dozens or 100’s of clients? Are there a lot of burned bridges? Don’t you want to know?

When it comes to hiring a real estate agent, do your due diligence. Don’t cut corners. There’s no such thing as a free lunch, but there is such a thing as getting a broker who wants to list your property, but is not a member of the MLS.

Your logical goal when selling your home is to get the highest possible price in the least amount of time. I recommend choosing your real estate agent carefully. It’s a very important decision for you.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent


Source by Chuck Marunde

Real Estate Agent Shirt Not Superhero Realtors Gift T-Shirt Damen, Größe M Asphalt

Real Estate Agent Shirt Not Superhero Realtors Gift T-Shirt Damen, Größe M Asphalt

Jetzt kaufen

100% Baumwolle
Slim Fit. T-Shirts sind tailliert geschnitten. Für eine lockere Passform bitte eine Nummer größer bestellen
128 gr, 100% Baumwoll-Ringgarn, Maschinenwäsche kalt mit ähnlichen Farben, trocknergeeignet bei niedrigen Temperaturen



Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent

Townhouse or Condo – What Is the Difference?

Between a townhouse and a condo, there is a lot of difference. Everyone dreams about owning a home some day and if you are considering either of these as your first, or maybe your last, home it is important to know what each one is and how they differ.

Townhouse

It is a type of row or terraced house that is similar in shape and size and will usually share common walls. They are considered a single-family residence with each having a separate entrance. When you buy a townhouse, you are buying a special unit from a long line of properties that are similar. In historic Ireland and UK, it was a house for aristocrats inside a capital city that they used when they had to attend parliament sessions or during social functions.

Condo

It is also referred to as a condominium and is a type of housing tenure that also means common ownership. These were a part of a certain estate that are sold or leased to a tenant. The owner of the whole estate did this. Today it is a term used as a substitute for special unit, or apartment that are leased or purchased.

Major differences

• Ownership specifications-when you own a condo you will be the legal owner of everything that is inside the interior and if the condo owner wants to use the rest of the amenities, they must pay a monthly fee to the condo association. All members who own a condo form this association.

• Property taxes-the one that owns the condo also has to pay property tax on their individual living area but the townhouse homeowner has to pay not only for their living area but also for the ground on which it is built. This can mean that the cost for a townhouse may be higher than the price of a condo.

• The townhouse owner will have to pay a sum to a homeowner’s association for the maintenance of the complex but the monthly dues that a condo owner pays takes care of the overall maintenance without paying an extra fee.

• Structure of the home-mo matter what size of a townhouse that you purchase it is located on the ground level. There are no more floors on top except for maybe a terrace or it could be built in a different style of architectural like Cape Cod. The condo is usually located in a two or three floor complex. It could also be in a luxurious high-end multistory building along with exotic views.

• Condos are safer than townhouses as they are surrounded by a close neighborhood

• Townhouses offer more privacy as you are not surrounded by a lot of neighbors.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent


Source by Lora Davis

Condos For Sale – What Are the Benefits of Buying a Condo?

Buying a condo is much like the purchase of a single family residence, but with some benefits. In the condo the homeowners association trims the shrubs, mows the lawn, trims the trees and generally fixes other annoying and bothersome items like a roof leak and whatever is needed. On the other hand in the single family home YOU do all this work. Sounds like fun, huh!

Even in times of foreclosures and falling home sales, a condo purchase is an attractive option. Why? Because the cost is anywhere from 20 to 30 percent less than a regular single family home. Especially great for the young couples, singles or even retired seniors from states where it snows or freezes seven months a year. Another plus on the glad-I-bought-a-condo smile sheet, is no worry about shoveling, repairs, maintenance, or other dreaded chores. Yep! Sell the snow shovel and motorized lawn mower. It will no longer be a requirement.

Many people who want to enjoy easy living, follow the condos for sale trail in well established, close to comfortable and safe neighborhoods. Some may opt for a condo loft in a downtown area near all the action. Others may choose condos for sale in an area away from the noise if public transportation is available. Speaking of safety, owning a condo in a building with 40 other units provides an element of safety, too.

When leaving on a trip you can feel comfortable that you neighbor(s) will keep a sharp eye out for thieves who thought your condo would be a soft touch.

Okay! So much for “the condos-are-wonderful” tour. How about few questions you should ask prior to a purchase?

– Is there any law suit or pending litigation against the condo association? It is important that you are aware of it before signing any paperwork. Older condo units are the ones most susceptible

– Does the condo association have adequate reserves stashed away for repairs and improvements in case something serious occurs?

– Prior to signing on the dotted line for your condo purchase, you need an inspection. Since you are ostensibly a co-owner of the building, assessments can occur.

A condo purchase can increase your buying power. Condos usually cost less to maintain than a single family homes. Also condos have amenities that many could not otherwise afford. Swimming pools, tennis courts, exercise rooms, and, in many cases, a community center.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent


Source by Kelly Gray

Choosing How to Search for Condos for Sale Makes a Big Difference on What Is Found

When someone is buying any kind of real estate, they are going to want to make sure that they have a good selection to pick from. Nobody is going to want to buy the very first piece of property that they come across. Searching for condos for sale is no different than searching for any other kind of real estate other than the location.

A realtor is able to show buyers the ones that are listed for sale. They may be looking for ones in a certain area. The only difference with condos is that they may not be built yet when they are being sold.

There are many companies that are selling them before they are built. The buyer is able to customize some of the features that these have. There are a lot of different types of things that can vary from one condo to another.

The general design is going to stay the same though. This is something that includes the actual layout of the condo. As far as paint colors, flooring and appliances, these can be chosen by the person that purchases that condo.

This can affect the price of them, but they will have what they want to have instead of settling for something that someone else designed for them. They will have a brand new place to live and be the first ones to live there too. This can be exciting to a lot of people.

There are many different choices that people will choose when they are buying a condo. The size of them are going to be very important too. They have many different things that need to be perfect for the buyer.

The location is another thing that people have to consider. They need to have a lot of different choices for every one of them. There are many different opportunities that are in each neighborhood, but many times, the location is chosen because of the employment that a person has.

There are a lot of these condos that have heated parking garages and more also. This is something that can be very beneficial in some areas. The garbage removal is also an added benefit to living in these communities.

Every place is going to offer something different for the tenants. The landscaping that is done can be enjoyed by everyone that lives there too. The grounds are maintained by the facilities too.

There are several other things that can be enjoyed by everyone too. Some of them will have shared pools and other activities. The location will determine how much they have in each of the communities.

When someone is choosing which condos that they want to look at, they will often choose ones that offer the most convenience for them as well as the most amenities that they can take advantage of. They will also look at the location as a benefit or not. There are a lot of things that are important to people when they are searching for a place to live.

Everybody has a different preference of what they like to have the best. They have many different things that are going to be beneficial to living in one of these communities, but also have many things that may make a person feel constricted on what they can and cannot do. Everybody has something different that they like and want to have in their living arrangements.

There are many different sizes and types of condos for sale all around the world. Finding the best suited one for the person that will be buying is going to be a task though. There are a lot of options that are available, but not everyone likes all of those features.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent


Source by Reg Liyanage

How Any Real Estate Agent Can Generate New Leads & Listings from Foreclosures

The title to this article is a pretty bold statement, but if you’ll allow me a couple of minutes of your time today, I’ll show you how you can take advantage of a brand-new Real Estate niche that most Agents don’t know about. It’s not that they aren’t aware of it; it’s just that they haven’t put two & two together.

This new source of Real Estate Leads could mean another 100 – 600 new, very motivated (Seller) Leads that are desperate for your professional help. And that’s only for a market of 100,000 homes. You’re market could have even more.

Why hasn’t this opportunity been available before?

Well, before now all the pieces were not readily available. Today, the technology is in place, the turnkey business-in-a-box-training-systems are available, and the market for this business is very ripe & growing.

Foreclosures will be the next big thing in Real Estate Leads

We are often asked by our Coaches Corner{tm} Newsletter Subscribers (350,000+): “What’s the next big thing going to be for Real Estate Agents?”

Well, if you asked me that question specific to Real Estate Lead Generation, I’d have to say Foreclosures & PreForeclosures are going to be the next big thing for New Real Estate Lead Generation.

You’ve probably already heard that Real Estate Foreclosures, as of April 2007 U.S. Foreclosure Market Report (published by RealtyTrac® – the #1 online authority for Foreclosure data), are up by 62% nationwide from April 2006. Some states are up by as much as 3,325% (New Hampshire).

Real Estate Foreclosures Rates continue to grow

Recently USA Today printed an article about the fact that 75% of the new home mortgages in California are No-Doc-Loans (some industry experts call them liar-loans). These No-Doc-Loans allow the homeowner to use stated income and often allow them to borrow more money at higher debt-to-income ratios than they could traditionally. The no-doc loans have become very prevalent in the last couple of years and are now widely used nationwide.

In my opinion, the majority of these liar-loans are Real Estate Foreclosures in embryo. It’s likely just a matter of time before the homeowners get into trouble and fall into Foreclosure.

Over a Million Real Estate Foreclosures Each Year

According to RealtyTrac®, with whom we’ve established an exclusive partnership, the number of Foreclosures will likely exceed 1.2 million this year if we continue at this pace. To read the complete May 15th, 2007 press release for RealtyTrac®’s U.S. Foreclosure Market Report click here.

What this means for the average Real Estate Agent in a market with 100,000 households is that about 127 new properties will enter some state of Foreclosure per month. Some of the not-so-average counties will see 431 new foreclosures per month for those same 100,000 households. So, that means that there will be 14 new Real Estate Foreclosure Listings per day per 100,000 households.

If you had the home seller information in a timely manner and were equipped to deal with this specific type of lead, it could mean 100 – 500 brand new leads every month in a market with 100,000 households.

Most Real Estate Agents don’t know how to handle prospects in Foreclosure and usually see them as junk prospects. So, there’s very little competition for you in this niche if you become a Real Estate Foreclosure Expert.

Couple that with a very highly motivated home seller, and you have a recipe for New Lead Generation Success.

Do you know your State’s Foreclosure Rate? If it’s only the national average, you’ll have 1 Foreclosure for every 783 households like quite a bit of the country? How many households do you have in your market, and what does that equate to in Foreclosures? A whole lot no matter where you live!

The Foreclosure Rates are growing almost everywhere and there are already an enormous amount of potential leads for you where you live, so take action and equip yourself with as much information as you can on Real Estate Foreclosures. The information will help you carve out a brand new niche in Real Estate Foreclosures in your area and help you grow your Real Estate Business.

Immobilienmakler Heidelberg

Makler Heidelberg

Schnell, zuverlässig und kompetent


Source by Dan Matejsek

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close