Telko

Hi, I am a stay @ home mom with some college education.I am in my early thirties and am looking to start a career.Real Estate sales seems like a great way to get back out into the work force on a professional level.I know that the economy is horrible right now, but have any of you had any experience in RE sales & if so did you like it?What do you think?
Thank you! I am very busy with the kids but I might just take some time to study & network when they are in school ….& just see where I end up.

There are a ton of websites about it:
http://www.google.com/search?hl=en&q=what%27s+it+like+to+be+a+real+estate+agent
http://www.google.com/search?hl=en&q=day+in+the+life+of+a+real+estate+agent

Personal experience:

It’s harder than people think. You don’t just run around showing houses. Most of your time is spent either looking for clients or working with the clients you have. You need to understand supply & demand, how economic conditions affect the housing market. You need to be creative and a problem solver. You need a thick skin. Unfortunately, some people equate real estate agents with used car salesmen and will give you nothing but a cold reception. You will hear NO far more than YES.

It can take a year or more to make a dime, even though you’ve paid for your classes, licensing, professional dues and marketing costs. This is why 80% of new agents quit in the first year.

Can you devote 60 hours a week to this? It literally takes that much time, working 6-7 days a week to find new clients and to take care of the ones you have. You’ve probably heard it’s a flexible schedule, and it IS. You need the flexibility to be available when your clients need you. It’s not the other way around. You’re not available, you lose sales.

Your best bet would be to call some brokers in your area and ask to meet with them so they can discuss what’s it really like with you. They may even give you the chance to shadow a real agent.

How do I file a small claims against a company that is web based as lists no address. I only have names of the two people involved. They are a realestate company and clever enough to never have any physical address.

If it’s a company, there is always an address, go to your local library and get the books, Standard & Poor. Some have the companies and some have the names of the CEO’s of the companies. Before you bring suit, look up the name of the President of the company and send him two letters, one to his place of work (company), one to his home address.
With good research you will not only have the CEO’s educational background, but you will know what he eats for breakfast. The letter to the President of the Company might just resolve your difficulty and save you a lawsuit.

Do people really become successful in assuming other peoples home loan. How powerful are the contract in these real estate kits? What about wholesaling? I want to obtain properties, but I really don’t want to do things the traditonal way. What do you all think?

Yes some of the tricks that they advertise are not updated to fit nowadays market. Such as an assumable mortgage or taking over an HUD. But as far as the total knowledge of the subject …think of it as taking a home course in a subject. There is a lot of material to read and go through. You must be willing to study it and then apply it to the market that you are in. They make it sound as if you buy the book ..then it jumps up and starts making you money. As we all know, nothing worth having has ever come easy.

Does anyone know of a good, experienced, real estate buyers agent who knows there way around san diego, ca? The one I have now is just not experienced enough and has had no luck with us for 3 months now.

I know several top agents in San Diego County. Please contact me off line and I can refer you to someone in the part of the county you want to live in as it is a large County and no one agent can show you all of it.

I have leased a home for almost 2 years in the middle of the lease the first management company informed me that the owners realestate broker emailed her telling her that because of financial difficulties he would now be managing the properties so all securities and contracts were switched over to him the acctual owner resides in europe and i have never met or spoke to him the problem i have is that i never directly recieved a phone call or letter from the owner saying to give him the rent and now i hve recieved foreclosure papers i know i must continue to pay rent but legally who gets it ? what if the owner doesn’t know his broker is collecting the money and he just abandond the mortgages its been 6 months since his last payment on the loan please help i just don’t want my hard earned money going in the pocket of a con artist

Pay whomever your management company told you to pay. That way you are covered. You must pay your rent to that person however until you actually get notice to vacate the property, regardless of whether or not the house is in foreclosure.

I’ve saved a property from tax sale 3 days before it was to be sold, and if those tenants hadn’t been paying their rent, they’d be very unhappy.

Does anyone know anything about Mini realestate. I was told that a husband and wife both took a realestate course and go around posting and selling vacant property. They also both are doing a travel agency from home. I was told that there is such good $ in it that they both quit there real jobs and are making around 500k a year anyone know how to get in to this.

I can’t say that I know anything about mini real estate, but after having been in the business (real estate) for more than 10 years on the lending side, I have seen and heard just about everything.

People cannot post and sell vacant property without owning the property – it is IMPOSSIBLE for someone to sell something that does not physically belong to them, that is what title researching is for. There is a little thing called mortgage fraud and it will send you to jail for a LONG LONG time.

I’ve seen recently too an informercial about bying up property at tax sales – you can do this, but not as easily as this informercial would like for you to think.

There is no such thing as a get rich quick scheme, if there were don’t you think EVERYONE would be rich?

Keep your nose to the grindstone and save, if you have a bit of extra money invest it in a short term CD with a high yield.

Take it from me, the real estate market is going soft because interest rates have been going up, and people aren’t buying anymore, or refinancing. Defaults are at all time highs, mostly because people bought too much of a house on an Interest Only fixed rate (5 years or less), or even worse on an ARM (Adjustable Rate Mortgage) and now they can’t afford the new payment.

-Em

Like a Rainstick, turn it upside down and it simulates the sound of rain. My fiance and I saw one at an open house but the owners were out of the country on vacation and the realestate sales man didnt know anything about it. Any help would be much appreciated. Thanks Jay

Try Ebay.
I have a sound machine it makes a lot of different sounds, like rain, thunderstorm, ocean waves, birds chirping I love it!

I have been looking at Realestate ads online and some of them list SSDL under comments, what does this mean?

There is no "standard" in the real estate business for that per say, however there is that abbreviation when you are looking for aparments or homes to rent – the owners or landlords require a social security and drivers license to rent or view (SSDL).

How do you get a chance to do this before the realestate agents get the home purchased first?

Talk to the bank.

ask around. people u know mayhave some good ideas on what company they went through and how things were handled