I'm reading a book called “REO BOOM” and from all the books that I have been reading to get into REO’s this is the by farthest the only one that explains step by step procedures how REO’s really do work. Explains what banks are looking in a listing agent. Don’t forget to follow the “REO FARM” method. Best of luck in 2012
I am in my first year of doing real estate and I am closing on my 11th deal. When promoting myself I use the companies profile and it works. Sellers want to work with the most selling agency and with the person they like and trust, so be personable and be yourself and find other things you have in common with your clients: cars, dogs, hobbies, etc...
Either way, the market dictates the sale of the house a lot of variables go toward or against the sale of the house. They are too numerous to mention in this space. As long as the seller is cooperative with the agent in pricing the house reasonably it should sell.
These are all good tips. Good going Jim Klinge. I have only a few constructive things to say: New agents also need listings so they can become experienced. So there is no harm in giving listings to new agents as long as they are confident enough to handle it. Second, the bubble talk - agents can lie their way through it and win the listing anyways.
BIRDDOG ALERT: I'm offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That's $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation if I can sell my building so please try and find me a buyer and I'll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at: mshinvestments(.)com
Need more eye contact w/your audience. Would be nice if you were in front of a home and delivering message or your desk. Anyway the info. was dead on. Great tips!
Some good points. But this is also a typical seasoned SD agent trying to make the new guys look bad as they do not have the volume under their belts. Number of homes sold is not necessarily indicative of service level and ability to get deals done.
Jim. I like the info you provide and can tell you definitely know what you are talking about. Just from 2:06 to 3:03 if what rubbed me the wrong way. I have new agent friends who are excellent at evaluating comps and pricing strategies, discussing market trends/financials, etc. They do not however have the total number of sales under their belt that you stress due to their length of time in the business. I feel that people should not be penalized due to their lenth of time in the business.
I can live with that. People love using gut instinct, so let's do some of both. If the agent you're talking to is light on sales but has demonstrated a thorough understanding - take a chance on him or her. How many old veterans are too tired or too busy to help? Plenty - so balance it out. But I'd like to add that the experienced veteran know more ways to handle problems that arise during the escrow period than the newer agents do. If the choice is close, select the veteran.
I am on board with that logic Jim. In addition, as long as a newer agent has a strong, dedicated broker backing him/her, such escrow problems can also be handled. Best of luck with business and I look forward to checking out your blog as well.
Broker supervision is a lost art, but yes when in place it can really ramp up the learning curve for new agents quickly. The blog discusses a variety of current real estate issues, thanks for checking it. bubbleinfodotcom
Great advice Jim. As far as a better indicator, I like to look at the number of homes sold to the number of listings taken. All else being the same, if I were given the choice between the agent that listed 100 homes a year and only sold 70% and an agent that listed 50 but sold 95%, I would probably go with the 95% agent...
More often than not, you're not talking about those numbers. You're talking about an agent selling 30 houses per year in the business for a long time, or an agent in their first couple years with 3-5 deals per year. Most sellers want the person with the most experience. If you're in your first couple years, and feel like your experience is costing you deals, find a "Mentor" in your office that will let you use his name and experience. Tell your sellers that you work closely with them. It works.
I'm reading a book called “REO BOOM” and from all the books that I have been reading to get into REO’s this is the by farthest the only one that explains step by step procedures how REO’s really do work. Explains what banks are looking in a listing agent. Don’t forget to follow the “REO FARM” method. Best of luck in 2012
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selling the house for agents
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Excellent Advice..
See this site, hiring agent
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hbloch1 8 months ago
I like it. Thank you!
Explore my channel if you're interested in real estate news, tips and more.
VegasRealEstateBlog 9 months ago
very good advice Jim
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criseldaprangehkg 1 year ago
I am in my first year of doing real estate and I am closing on my 11th deal. When promoting myself I use the companies profile and it works. Sellers want to work with the most selling agency and with the person they like and trust, so be personable and be yourself and find other things you have in common with your clients: cars, dogs, hobbies, etc...
xentrix111 1 year ago
I like this video
RLJ93727 1 year ago
Either way, the market dictates the sale of the house a lot of variables go toward or against the sale of the house. They are too numerous to mention in this space. As long as the seller is cooperative with the agent in pricing the house reasonably it should sell.
Jackdave72 1 year ago
These are all good tips. Good going Jim Klinge. I have only a few constructive things to say: New agents also need listings so they can become experienced. So there is no harm in giving listings to new agents as long as they are confident enough to handle it. Second, the bubble talk - agents can lie their way through it and win the listing anyways.
Jackdave72 1 year ago
This has been flagged as spam show
BIRDDOG ALERT: I'm offering 1% finders fee on my 63 unit apartment for sale in Thunderbay Ontario. That's $22,500.00 in your pocket if you bring the buyer to the table. This is no joke. It will be a win win situation if I can sell my building so please try and find me a buyer and I'll gladly pay you 1% of the purchase price which amounts to 22.5k. Please email this to all your friends who might need money. Details at: mshinvestments(.)com
sheena801 1 year ago
Nice one........
liorohu 1 year ago
This was posted back in 8/06. History tells us he was spot on.
swankrecords 2 years ago
i recon your doing a good job mate. Thanks for your video
jessedean87 2 years ago
I've watched a lot of Jim's videos, most are just funny but some have valuable tips. This particular video is very informational. Thanks again Jim.
Mike Waters
4realestateleads 2 years ago
Good Info, talk & Tips Jim. More should do this.
Unprofessional Realtors, have hit an all-time high. TRUE
Good Luck & Blessings 2009-2010-2011...
KANSASuuuuROCK 2 years ago
Yes agents and lenders are going to attack my comment.
Agents wont lower their commision. They'll say their broker wont allow them.
It's way better to have your bank reject your loan than dealing with a broker that will seek out any program just make them money.
Real estate agents justify there hard work between Oprah commercials.
Lenders justify there hard work between long lunches.
There's nothing they can do that you can't!
It's your money. It's your life. It's your note!
Beingreal40 2 years ago
You have pretty much killed any chance for the new agents who are in the business that are talented.
What would you do Jim if a seller saw this video right before you came to present before them in your first or second year in the business?
PutmyDevilinUrHell 2 years ago
Great ideas and video definatly works. It saves steps.
951137 4 years ago
Need more eye contact w/your audience. Would be nice if you were in front of a home and delivering message or your desk. Anyway the info. was dead on. Great tips!
IVNetwork 4 years ago
Some good points. But this is also a typical seasoned SD agent trying to make the new guys look bad as they do not have the volume under their belts. Number of homes sold is not necessarily indicative of service level and ability to get deals done.
dannn1111 4 years ago
dannn1111,
The number of homes sold is a great indicator of ability to get deals done - the proof is in the pudding! You're welcome to name a better indicator.
For you to say I'm trying to make new guys look bad is off-base. I'm trying to give consumers some real help that is relevant.
JimtheRealtor 4 years ago
Jim. I like the info you provide and can tell you definitely know what you are talking about. Just from 2:06 to 3:03 if what rubbed me the wrong way. I have new agent friends who are excellent at evaluating comps and pricing strategies, discussing market trends/financials, etc. They do not however have the total number of sales under their belt that you stress due to their length of time in the business. I feel that people should not be penalized due to their lenth of time in the business.
dannn1111 4 years ago
I can live with that. People love using gut instinct, so let's do some of both. If the agent you're talking to is light on sales but has demonstrated a thorough understanding - take a chance on him or her. How many old veterans are too tired or too busy to help? Plenty - so balance it out. But I'd like to add that the experienced veteran know more ways to handle problems that arise during the escrow period than the newer agents do. If the choice is close, select the veteran.
JimtheRealtor 4 years ago
I am on board with that logic Jim. In addition, as long as a newer agent has a strong, dedicated broker backing him/her, such escrow problems can also be handled. Best of luck with business and I look forward to checking out your blog as well.
dannn1111 4 years ago
Broker supervision is a lost art, but yes when in place it can really ramp up the learning curve for new agents quickly. The blog discusses a variety of current real estate issues, thanks for checking it. bubbleinfodotcom
JimtheRealtor 4 years ago
Great advice Jim. As far as a better indicator, I like to look at the number of homes sold to the number of listings taken. All else being the same, if I were given the choice between the agent that listed 100 homes a year and only sold 70% and an agent that listed 50 but sold 95%, I would probably go with the 95% agent...
Whylago 4 years ago
More often than not, you're not talking about those numbers. You're talking about an agent selling 30 houses per year in the business for a long time, or an agent in their first couple years with 3-5 deals per year. Most sellers want the person with the most experience. If you're in your first couple years, and feel like your experience is costing you deals, find a "Mentor" in your office that will let you use his name and experience. Tell your sellers that you work closely with them. It works.
garyd60517 3 years ago
He has some good advice for aspiring agents like me. Thanks for the video.
bpsylvester 4 years ago
Real Estate is booming here in Houston and in Dallas.
Stanseng 4 years ago
I like this guy because we have the same last name.
egnilk66 5 years ago
Overall, quality information. Very good ideas to identify the right agents.
jjsoccer10 5 years ago
but he has good points, still im waiting for prices to crash i wanna buy a millon dollar home for 200,000
kevinatucla 5 years ago
Keep waiting
Stanseng 4 years ago
Usefull advise here, it's pretty much the same in the UK, if your're honest.
musrum 5 years ago
Smart Video!
WornOutOldMan 5 years ago