24 Jul 2011

Part time or full time Realtor?

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Today in Real Estate we have more “part-time” agents than ever. Did you know that in Arizona, over 50% of the agents will sell 1 or less homes in the year? Does that startle you? It should, because it is true! If your agent is not averaging AT LEAST 1 per month, look elsewhere! This is the best definition of a part-time agent I can come up with. Ask what their production is. How many “sides” have they done in the last 12 months? What is their production? Even in a Phoenix market with sales averaging $25,000, their production for the year should be a minimum of 1 million over a 12 month span. We are in July, which is the half way mark, and I am at 2 million so far. I have had about 14 sides at this point. I am averaging 2 per month as it currently stands, land, residential, new homes sales. I currently carry 13 listings with 3 under contract.

You also want to be careful that you do not choose an agent who is balancing too many. If your agent has 20 to 30 current listings, how much time will they actually have to spend with you? And are they trying to only show you listings with their company? Big red flag.

Does your agent get back to you in a timely manner? Are they answering your questions? Or does it take 2 or 3 calls and 2 or 3 days for them to get back to you and give you a “non” answer. Do they even sound like they know what they are talking about?

It is a reality, in todays market everyone wants to make big money fast, and so many unfortunately choose Real Estate to be their vehicle of choice. Beware and be real, you need someone who is looking out for your interests first and foremost.

And please, please, please! Check with more than 1 lender. Get quotes and compare them. Not just the interest rate, but the closing costs as well.

Call me, my daughter is my partner and an independant Mortgage Broker. She will beat any other quote 99% of the time. I like to save my clients time AND money!

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