All Forum Posts by: Lydia S.

@Eric Piccione

It appears you don’t like the aspect of being ‘on call’ or controlling leads that come your way.  That alone suggests you may not enjoy being an agent as that’s pretty much how Real Estate goes.

A new home hits the market and your buyer wants to see it?  In this market especially, you are out the door to show or you miss your window of opportunity.

You’ll need to market yourself to some degree and then in come leads, which you can refer out of course, but you won’t control the leads coming in.  Unless I misunderstand your point.

If you’re talking commercial real estate only, that’s a completely different ball of wax and I can’t say my points apply.

Good luck with whatever you choose to do.

@Daniel Miller

If you are certain you want to sell to these tenants, use the previous advice.

If you want to make the biggest profit, hire a Realtor and get it on the open market as it’s such a strong sellers market nationwide that you’ll make that commission back and then some.  

Or continue to rent to them for the income.

It’s really up to you and your financial situation.

@Justin Sheppard

Welcome to BP!  I’m Sask born and raised and enjoyed Saskatoon for 6 years.  Good luck with your business and future investments!

@Michael Chang

Your pre-qualified budget is determined by your Lender who considers income, debts, credit score, etc.  If you don’t have a Lender yet, ask your Realtor for some superstars.

@Tyre Carmon

If you’re a buyer, asking a Realtor about their history at marketing homes may not be relevant since some only work with buyers and some only work with sellers.

Are you talking about investing and need someone who does both?  That’s a question to ask if the answer is yes.

Ask if they’ve had to write offers for investors, if they’ve been in multiple offer situations and been able to get their client the property successfully, and ask if they will write low-ball offers (if you’re an investor).

Also ask if they’re on a team and will be handing you off to someone else under them.

If it’s a personal residence you’re after, ask them about first time home buyer programs available in your area.

@Jasmine H.

Since Zillow is your source, just be aware that many of those may not actually be for sale.  
Nearly every home a buyer has ever asked me about from Zillow was not currently on the market, especially if it claimed to be a foreclosure or pre-forclosure.   Homes that sold months ago often linger on their site.

Albuquerque area has an incredibly low inventory right now.

To the best of my knowledge, referral fees are paid to the Brokerage, using their tax ID, then paid to the Realtor.  My experience has been with referrals in-state, out-of-state and even out-of-country.

Realtors cannot pay nor accept funds directly without risk of losing their license.

@Shannon McGrath

The time it took to write your question here could be spent contacting a Lender to get the answer ☺️
Contact a Lender now and find out if you’re able to qualify, then immediately get started on the offer if you do.
Good luck!

@Ethan Antwain Reynolds

If you won the bid and had an escalation clause, the clause should have been written up in such a way that it includes  receiving proof of the competing offer(s) that drove your offer up.  Next time, ensure your Realtor includes that language in the escalation clause.