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Top 5 Values of a Real Estate Agent

Top 5 Values of a Real Estate Agent

In the world of real estate, there are a couple of people whom are key players. Ranging from appraisals, home inspectors, property managers, mortgage loan officers, contractors, bankers and even government agencies; there are usually many people playing important roles in the real estate industry including the prospective buyers and sellers. But it is important to note that the real powerhouse of a standard real estate transaction are those people in charge of the coordination process: real estate agents and real estate brokers!

On different occasions and for different reasons, a real estate agent works at different points: salesperson, buyers’s advocate, analyst, consultant, negotiator or even as a marketer. Below are the top 5 values and qualities that a great real estate agent should possess:

  • Enhanced Knowledge Bank

Successful real estate agents are usually up-to-date in the realm of real estate agency. They’re very active in the local market as this is the reason they are always able to render effective services to their clients. Their educational and professional development is continuous giving them the opportunity to expand their businesses and remain atop the real estate industry. If you emulate and develop a flair for knowledge acquisition, then, on the long run, you would definitely achieve a very positive value which would boost your presence and upgrade your relevance in the world of real estate.

  • Building a Network of Connections

In the world of real estate agency, building a vast array and network of connections is highly important. Great real estate agaents usually possess relevant communications and networking skills within the market they work. Obviously, the aforesaid list of connection usually include several other real estate agents and brokers, potential buyers and sellers, appraisers, home inspectors, and mortgage loan officers and other role players in the industry.

  • A Problem Solving Mindset

One key thing that work and contributes to the values of a great real estate agent is having a problem solving mindset. Real estate agents are usually positive thinkers who provide creative solutions to problems via optimism and critical thinking. For instance, they are well-learned on how to appropriately come up with creative solutions and showcase a house in order to make it more marketable while they also generate and build impressive MLS listings that would attract the appropriate buyer.

  • Hustling Spirit and Tenacity

The real estate industry is really a no joke. To become a top reckoned and great real estate agent, it requires that you possess a tough hustling spirit, mental grit and tenacity. This is because you will be required to put in a great work ethic and purse every lead to aggressively market the properties of your clients. It’s not all about the time you expend, rather about how right and smart you’ve successfully worked to be a great agent in the industry.

  • Paying Close Attention to Detail

If you want to be a great and successful real estate agent, it’s quite important that you have good listening ears and pay attention to details. This is very important to your career in real estate industry. A good agent is very attentive to the essential needs of his or her clients’and must be well-organized, follow leads and maintain a very strong communication with clients. With these, more deals are assured to be closed and more relevance, ascertained.

Conclusively, it is quite imperative to know that the above listed values are those of a great real estate agent, and if they are inclucated and put into good use, you’re rest assured to become a top relevant and very successful agent in the real estate industry.

This Is the First Thing You Should Do When Shopping For a Home

This Is the First Thing You Should Do When Shopping For a Home

When you’re looking for a new home, the first thing you should do is contact us and have us take you on a tour of homes you might like, right? Wrong!

The first thing you should do before you do any house shopping whatsoever is to get pre-approved for a home loan.And before we take a look at why pre-approval is so important, let’s look at the difference between getting a pre-qualification versus a pre-approval because they are not the same thing. One gives you a general idea of what price range you can shop in, while the other gives you the power to fill out the purchase and sale agreement(s) as soon as you find the home you like.

Getting a pre-qualification is the first task in the mortgage process and it’s simple and quick. You supply a lender with the basics of your overall financial situation, such as your how much debt you have, what your income is, and any the value of any assets you might have. This will give you a general idea of how much you may qualify for on a mortgage. But the big point here is that a pre-qualification will not put you in a position to place offers in writing. That’s where the pre-approval comes in. Here are some good reasons why the pre-approval letter from a lender is so important in your home buying search:

  • You will save a lot of time (and probably a lot of money spent on filling up your gas tank) because the pre-approval letter from a lender basically says the lender is ready to provide you with a home loan for a certain amount. This reduces the time you have to spend going over home listings. A big time waster for home buyers is looking at a lot of listings while at the same time asking themselves, “I like that home, but I wonder if I can afford it?” Pre-approval takes the wondering out of the equation. It’s like going fishing. If a friend told you he or she wanted to take you fishing and you agreed, where would you go fishing? Without discussing it in detail, you wouldn’t know where to go and neither would your friend. But if your friend asked you to go fishing at a specific lake because they knew that lake is stocked with a specific kind of fish that you like, then you could prepare ahead of time with the right kind of fishing pole, fishing lures and bait, etc. Pre-approvals do the same thing. You can be prepared ahead of time before you go home shopping because your pre-approval gives you an idea of what cities, what neighborhoods and what price range is right for you.

 

  • You also have more buying leverage when you are pre-approved. It is a well known fact that sellers most often accept offers from potential buyers that are pre-approved. It’s like if you were buying a home with all cash from directly from your wallet. If you’re not pre-approved and yet you make an offer to a seller, it’s like showing the seller an empty wallet. Telling a seller you want to buy their home with no pre-approval is just a bunch of hot air, and hot air does not close deals. But if you are pre-approved and you make an offer to a seller, it’s like showing them the same wallet-this time loaded with cash. They’ll know you’re a serious and prepared buyer. And when sellers are approached by a pre-approved buyer, there’s a good chance that there will be room for negotiating on the price too.

 

  • A pre-approval means your lender can get you on the fast track to closing the deal. Appraisals can be ordered right away, and in some cases a 60-day closing can be shortened to 30 days or even down to three weeks. And the potential for a quick closing will look very attractive to a seller who needs to sell fast because they’re being transferred by their employer to a new city, etc.

Because a pre-approval is the most important contingency to satisfy in a purchase agreement, getting that done ahead of time will make home shopping much ease.

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