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re: Being a real estate agent.......
Posted on 12/27/15 at 12:44 am to TJG210
Posted on 12/27/15 at 12:44 am to TJG210
I got my real estate license after I sold the first house I built and saw how much our realtor made. I give my broker a good percentage for a good reason. Lately I've only helped friends and family buy/sell. I'm about to get more involved in the market in 2016. I think 2016 will be a good year. Not so sure about 2017. Fingers crossed.
0
Posted on 12/27/15 at 12:46 am to hendersonshands
quote:
Phil from Modern Family is a real estate agent and he has a nice house and hot daughter.
This is what I was going to say.
Posted on 12/27/15 at 1:23 am to TJG210
I was a realtor, then broker for 15 years. Find something else to be. Seriously. Put the time and energy that you were going to put into RE and start a business that fills another need of some type......unless you want to be a commercial/multi family broker.
The trade won't ever really die, but the industry is ripe for a big shake up. Someone is going to come in within the next few years with a great idea that will change how we sell real estate.....most likely making it harder for your normal real estate agent to make the same type of money.
I lived in a small market, made over $100k in the good years, made $60-$70k in the ones after the crash......about $25k my first year. With lending regulations tightened and more overall red tape, it's much harder and tedious to buy a home nowadays....which makes your job much harder.
TL;DR: The risk/reward ratio is not what it used to be. There isn't a positive outlook on the industry in the future and most people will always view you as a sleazeball. I'm glad I got out when I did.
The trade won't ever really die, but the industry is ripe for a big shake up. Someone is going to come in within the next few years with a great idea that will change how we sell real estate.....most likely making it harder for your normal real estate agent to make the same type of money.
I lived in a small market, made over $100k in the good years, made $60-$70k in the ones after the crash......about $25k my first year. With lending regulations tightened and more overall red tape, it's much harder and tedious to buy a home nowadays....which makes your job much harder.
TL;DR: The risk/reward ratio is not what it used to be. There isn't a positive outlook on the industry in the future and most people will always view you as a sleazeball. I'm glad I got out when I did.
Posted on 12/27/15 at 7:11 am to TJG210
If you aren't afraid of long off normal work hours, somewhat personable, knowledgeable about the area you are trying to sell in then you can make some bank.
Realtors aren't looked highly upon on this message board but I'd imagine a lot of those folks never left the town they grew up in so they think realtors are a waste.
I have moved across the country a few times and was greatful for good real estate agents guiding us to good areas to buy.
Realtors aren't looked highly upon on this message board but I'd imagine a lot of those folks never left the town they grew up in so they think realtors are a waste.
I have moved across the country a few times and was greatful for good real estate agents guiding us to good areas to buy.
Posted on 12/27/15 at 7:36 am to TJG210
quote:
Now that doesn't make much sense, a million dollar house probably is a lot more involved than selling a $90k place. Why shouldn't the million dollar listing offer more reward?
Why would a million dollar home be more involved to sell
This post was edited on 12/27/15 at 7:37 am
Posted on 12/27/15 at 7:56 am to threeputt
Mo money mo problems. Right Stanley?
Posted on 12/27/15 at 8:00 am to threeputt
For a one thing, the market for million dollar plus home buyers is much smaller than $90k homes. I know a guy who built a monstrosity of a house, then lost his job. He was able to get a new job but never could sell his house. He has been commuting home every other month or so for the last 4 years. There just wasn't that big of a market for his house in his area. I also think if a person can afford a million dollar home in the Deep South, they are going to consider building their own home rather than buy one designed by someone else. One realtor told me that once a home price goes over $300k, they become much harder to sell due to the budgets of most people. That was 10 years ago, so I'm sure that number is higher now, but I'm sure there is still an upper limit, where the home price becomes cumbersome and that realtor is going to have to put in a lot of extra time and effort to sell.
Posted on 12/27/15 at 8:16 am to MadDoggyStyle
Ok .. I could maybe see that in a very small town.. That would never be an issue in a city, though .. In fact I'm sure realtors would want to deal with listings over a million dollars
Posted on 12/27/15 at 8:22 am to TJG210
Be an appraiser. Walk around outside the house pretending to look at something, google what other houses in the neighborhood are selling for, put a slapnutz estimate on this house, submit your bill. Easy Peasy.
Posted on 12/27/15 at 8:24 am to Jim Rockford
quote:
Walk around outside the house pretending to look at something, google what other houses in the neighborhood are selling for, put a slapnutz estimate on this house, submit your bill.
So much stupid in this post.
Posted on 12/27/15 at 8:24 am to joeleblanc
quote:
Its a dying job..just like that of a stock broker..not much for either unless you are looking for something out of state, etc.
stock brokers may be obsolete, financial advisors will never be
Posted on 12/27/15 at 8:25 am to stout
I've seen them at work, bro.
Posted on 12/27/15 at 8:29 am to Jim Rockford
I have too, bro. Way more times than you have probably and you greatly undermine what goes into an appraisal.
If you really want to see how involved it can get, look at a commercial appraisal.
If you really want to see how involved it can get, look at a commercial appraisal.
Posted on 12/27/15 at 8:30 am to Jim Rockford
Don't forget find out what it "needs" to appraise for
Posted on 12/27/15 at 8:35 am to yellowfin
Good point.
Posted on 12/27/15 at 9:26 am to threeputt
No, this would be true in many southern cities where real estate at $1MM plus is still for the upper middle class and wealthy. By definition, there are fewer people that are in that financial bracket so the target market for those price homes is also smaller. It's not rocket "surgery".
This post was edited on 12/27/15 at 9:28 am
Posted on 12/27/15 at 10:01 am to Thib-a-doe Tiger
quote:
stock brokers may be obsolete, financial advisors will never be
Huh?
Posted on 12/27/15 at 10:06 am to MadDoggyStyle
I don't buy that .. Most adults should be able to afford a million dollar home by the time they are say 40 .. I don't think there is a lack of potential buyers in most cities ...
Posted on 12/27/15 at 10:13 am to BananaHammock
quote:These aren't "I love dick" eyes, they're more like "I love Dak" eyes- she looks like Dan Mullen.
had "I love dick" eyes
This post was edited on 12/27/15 at 10:17 am
Posted on 12/27/15 at 10:28 am to threeputt
quote:
Most adults should be able to afford a million dollar home by the time they are say 40
Most adults can't afford a $500k house much less a $1m house
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