Facebook can be one of the most effective tools in a Realtor or real estate agent’s arsenal for generating leads. Learning how to set up your page, use posts to enhance engagement, join groups, and use paid advertising will put you ahead of the competition and in front of your target audience. In this article,…
All Real Estate Articles - Page 21
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The 6 Types of Stigmatized Property
A stigmatized property is a house, dwelling, or place of occupancy that buyers or tenants avoid for reasons unrelated to its physical features or condition. These include the death of an occupant, murder, suicide, ghost sightings, and more. As you can imagine, selling a stigmatized property can be a challenge. In fact, according to a…
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Fair Market Value: Definition & How It’s Determined
Fair market value is an estimate of the price at which real property would change hands in an arm’s length transaction. That is, a voluntary transaction between a willing buyer and a willing seller, both having equal bargaining power and a reasonable knowledge of the pertinent facts. Fair market value represents an impartial valuation or…
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How to Become a Notary & Start Your Own Notary Business
A notary business is quick to start and some notaries can earn upwards of $30,000 per year of additional income, and requires as little as $200 to begin. Just filling out an application, meeting your state requirements, completing a few courses, securing a bond, and filing your paperwork will get you up and running. In…
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Home Staging in 10 Steps – The Ultimate Guide
Home staging is when a home seller intentionally prepares a residence exterior and interior to be desirable to as many potential buyers as possible, positioning the home to sell quickly, and fetch the highest possible price. Staging is a strategy. While sometimes clients are reticent to change elements about their home because of emotional attachments,…
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What Is a Pocket Listing?
A pocket listing is a signed real estate listing that is not entered into the MLS. In most cases, in addition to not being on the MLS, pocket listings are not advertised to the general public. The real estate broker or agent hired by the seller to represent a pocket listing shares it only with…
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What Is an Arm’s Length Transaction?
An arm’s length transaction is a deal wherein both buyer and seller are independent, unrelated, well-informed, have equal bargaining power, and are acting purely in their own self-interest to get the best price out of the deal. And because they are both on equal footing, an arm’s length transaction is one that meets fair market…
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The Best Cities to Become a Real Estate Agent in 2018
Becoming a real estate agent can be a very lucrative profession. The Bureau of Labor Statistics show that the best real estate agents in the country earn over $100,000 annually. On top of a potentially high income, the job offers other attractive benefits including a relatively low barrier to entry, independence, few office politics, a…
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Real Estate Door Hangers – Leads From Front Door Marketing
Joshua Smith, voted the 30th top real estate agent in the country by the Wall Street Journal in 2013, started out listing 7-15 homes a month from placing 10,000 door hangers in his farm area. The technique was so successful for him that he ended up closing 463 listings worth $49 million in one year….
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Real Estate Resume: Templates, Samples & How to Write
In this guide, I’ll explain the best practices for writing a real estate resume both for new agents and experienced agents, and provide you with a free downloadable real estate resume templates and samples you can copy and edit for your resume. To get started, here are two resume templates, one for new real estate…
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The Pareto Principle: Leveraging The 80/20 Rule To Get More Referrals
As a young real estate agent, I would work with anyone who could fog a mirror and showed an interest in buying or selling a home. I quickly discovered the Pareto Principle, named after the Italian economist Vilfredo Pareto who observed that 20 percent of the people in Italy owned 80 percent of the country’s…
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What Is a Home Appraisal & Who Pays for It?
A home appraisal is an impartial written estimate of the fair market value of a home or other property (condominium, commercial property, vacant land). Appraisals are based on the real estate appraiser’s analysis of recent sales prices of similar properties in the area (called comps), as well as the property’s location, size, and physical condition….
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