REALTOR®

Have you ever talked someone out of buying a property and suggested renting instead simply because you didn't think it would have been a responsible financial decision for them?

Asked by Karyn over 9 years ago

No, I can't say that I have. When someone comes to me to buy a home I have them meet with a lender to assess their ability to purchase. The lender will show them the numbers and the buyer decides if they will be manageable. If the lender approves them we go house shopping. I don't look too far into their private lives. I know where they work and how much they can afford, it's really hard for me to tell (unless I know them personally) if buying would a bad choice. Also, in my market it's almost always more affordable to buy than to rent so the struggle usually comes in the form of lender approval for the loan, not the ability to pay the mortgage. But if the market I worked looked different, of course I would. It is in our code of ethics to ensure we help our clients make the best choices, even when they don't benefit us as agents in the slightest. Turning down a buyer or seller is a loss in the wallet but a win in reputation and a good reputation goes a lot further than a paycheck in my book.

Thank you for the awesome question Karyn!

Do you have a recurring client base? Like do they trust you to find them their next home?

Asked by rodzilla almost 10 years ago

I haven't had a client I have helped place move yet, but I do hope they will turn to me when the time to move comes again. The best way to ensure this is to only take on clients we feel we will work well with. I am a very sociable, high energy person so I might not be the right fit to a super detail oriented, introvert. I would never want someone to suffer through my exuberance in order to make a buck. It is in my reputation's best interest to find my client a better fitting agent. I get to refer business to another trusted agent, I get a referral fee, and my client doesn't have to fight the urge to roll their eyes every time I speak.

Thank you for the question!

 

If a home is put on the market for $1 Million and I agree to pay that asking price, what's my approximate out-of-pocket purchase price going to be after all the fees and taxes involved?

Asked by Mr.F over 9 years ago

Are you paying cash? Are you financing all or part of this purchase? What rate did you secure? What state do you live in? What county? What does your lender charge in fees? What inspections are you paying for?

Unfortunately, it's not cut and dry. Every purchase is unique and tailored to each property, client, and market. If you're serious about purchasing property I would suggest speaking with a local agent in your area.

What's your best advice about how to predict the direction of the housing market?

Asked by Ruth about 9 years ago

real estate agent is a career that peaked my interest since I am career planning for my future What was the process of becoming a real estate agent for you? and could you explain how the pay is since RE Agents get paid commission And is it stressful?

Asked by Alex01106 over 3 years ago

I assume you're not always out showing apartments and houses. What's a day like at the real estate office?

Asked by Lagerfeld almost 9 years ago

Are cities where real estate prices are higher automatically more desirable to work in for realtors, because the commission is higher?

Asked by Mike almost 9 years ago