Comments on: Real Estate 101 – Improving on “the basics” http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/ Seattle's Leading Resource for Real Estate Information Sat, 20 Mar 2010 23:08:33 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: ARDELL http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30584 ARDELL Sun, 05 Nov 2006 22:28:04 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30584 I was surprised to see how high the Florida market has gotten. Even some areas that were relatively flat markets for a very long time prior. I was surprised to see how high the Florida market has gotten. Even some areas that were relatively flat markets for a very long time prior.

]]> By: Windemere Agent http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30575 Windemere Agent Sun, 05 Nov 2006 21:29:19 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30575 Yes, South Florida is undergoing a huge expansion right now. Get in or be priced out forever! Yes, South Florida is undergoing a huge expansion right now. Get in or be priced out forever!

]]> By: ARDELL http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30561 ARDELL Sun, 05 Nov 2006 20:35:06 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30561 What is "true" of your market as well? I lost you there. What is “true” of your market as well? I lost you there.

]]> By: Wellington real estate http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30551 Wellington real estate Sun, 05 Nov 2006 20:19:04 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30551 This is true in my market of south florida as well. however many mags have also declared vero beach which is mid florida as one of the countries next hot spots with home prices excpeted to rise up to 72% in the next year This is true in my market of south florida as well. however many mags have also declared vero beach which is mid florida as one of the countries next hot spots with home prices excpeted to rise up to 72% in the next year

]]> By: ARDELL http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30478 ARDELL Sun, 05 Nov 2006 17:15:45 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30478 Kris, I like "my people". At least it shows that the Buyer Agent understands who they are working for, and it's not themselves or the seller. I think that's a step in the right direction. Kris,

I like “my people”. At least it shows that the Buyer Agent understands who they are working for, and it’s not themselves or the seller. I think that’s a step in the right direction.

]]> By: Kris Berg http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30468 Kris Berg Sun, 05 Nov 2006 16:05:54 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30468 I love the message, Ardell, and couldn't agree more with putting "listing" in the bad word bucket, as Steve calls it. Along those lines, the phrase I would like to banish is "my people". I hear so many agents say things like "I will talk to my people". They are not our people, they are clients or buyers or sellers. I love the message, Ardell, and couldn’t agree more with putting “listing” in the bad word bucket, as Steve calls it. Along those lines, the phrase I would like to banish is “my people”. I hear so many agents say things like “I will talk to my people”. They are not our people, they are clients or buyers or sellers.

]]> By: Ardell DellaLoggia didn’t write this! | BloodhoundBlog | The weblog of BloodhoundRealty.com in Phoenix, Arizona http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30418 Ardell DellaLoggia didn’t write this! | BloodhoundBlog | The weblog of BloodhoundRealty.com in Phoenix, Arizona Sun, 05 Nov 2006 13:06:39 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30418 [...] She did, however, write this post on raincityguide.  Nice person that she is, she also took the time to write and welcome me to the blogosphere.  And after reading her post, Real Estate 101 – Improving on “the basics”, I have several things I want (need?) to say. [...] [...] She did, however, write this post on raincityguide.  Nice person that she is, she also took the time to write and welcome me to the blogosphere.  And after reading her post, Real Estate 101 – Improving on “the basics”, I have several things I want (need?) to say. [...]

]]> By: ARDELL http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30177 ARDELL Sat, 04 Nov 2006 22:11:31 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30177 There are some other ways to approach the business. It never dawned on me to not be "serious" about my career, since I was switching careers from a well paid salaried career. I started in real estate as a second career at age 36 in Cherry Hill, NJ on June 1, 1990. I had my first client in escrow by the end of June and closed in July. I pulled an agent in and did a 50/50 with the first one, to ensure the client was well covered. The client was also very savvy. It was a strong buyer's market. The second one I did by myself and then I took a step back. I became a licensed assistant to the top agent in South Jersey for six months and we became a listing and selling macine. Then, when I felt I was really ready, I sold my house. I had three children and an employed spouse. I bought a cheaper house over the bridge in Bucks County. By the end of my first year in Bucks County I was able to sell the "cheaper" house and buy a home comparable to the one I owned when I switched careers. By the end of year two, I was the top agent in my office. Life circumstances caused me to totally start over again from scratch on 4/01/04 in Seattle at age 49. So to some extent I am a "newbie" going back to the basics. So far so good. Started out the same way. Sold my first property in WA within two weeks of getting my license here, took a step back and partnered with a Seattle agent for six months. I moved to the Eastside. After one year I bought my home, comparable to what I had before the switch to WA, and I'm the top agent in "my company" ;-) "Life emulates life." Just had to go back and "remember"...the rest was a piece of cake considering the first time I had a 4 year old a 2 year old and a 6 month old. Now they are 18, 20 and 22, so it's been much easier this time around. Integrating being"a company" with being "a successful" agent has been a challenge, for sure. But a great experience so far. For those who have asked...that photo was taken the day I decided to move to Seattle...3 yars ago. There are some other ways to approach the business. It never dawned on me to not be “serious” about my career, since I was switching careers from a well paid salaried career.

I started in real estate as a second career at age 36 in Cherry Hill, NJ on June 1, 1990. I had my first client in escrow by the end of June and closed in July. I pulled an agent in and did a 50/50 with the first one, to ensure the client was well covered. The client was also very savvy. It was a strong buyer’s market. The second one I did by myself and then I took a step back. I became a licensed assistant to the top agent in South Jersey for six months and we became a listing and selling macine. Then, when I felt I was really ready, I sold my house. I had three children and an employed spouse. I bought a cheaper house over the bridge in Bucks County. By the end of my first year in Bucks County I was able to sell the “cheaper” house and buy a home comparable to the one I owned when I switched careers. By the end of year two, I was the top agent in my office.

Life circumstances caused me to totally start over again from scratch on 4/01/04 in Seattle at age 49. So to some extent I am a “newbie” going back to the basics. So far so good. Started out the same way. Sold my first property in WA within two weeks of getting my license here, took a step back and partnered with a Seattle agent for six months. I moved to the Eastside. After one year I bought my home, comparable to what I had before the switch to WA, and I’m the top agent in “my company” ;-)

“Life emulates life.” Just had to go back and “remember”…the rest was a piece of cake considering the first time I had a 4 year old a 2 year old and a 6 month old. Now they are 18, 20 and 22, so it’s been much easier this time around.

Integrating being”a company” with being “a successful” agent has been a challenge, for sure. But a great experience so far. For those who have asked…that photo was taken the day I decided to move to Seattle…3 yars ago.

]]> By: Michael http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30152 Michael Sat, 04 Nov 2006 21:38:25 +0000 http://raincityguide.com/2006/11/04/real-estate-101-improving-on-the-basics/#comment-30152 Good stuff Ardell. The real estate schools and brokers should teach this stuff. I met half a dozen people in my class that needed to sell a house the week out of school to make a car payment, insurance payment, rent, etc. You want to be a real estate professional? You need to think like an entrepreneur. You need a business plan. You need marketing plan. You need a budget. You need to have working capital set aside to cover all your personal and business expenses for many months to jump start your business until revenue consistently rolls in. Being self employed has additional costs. Self employment tax. Additional liability insurance for your vehicle. Errors and Omissions insurance. Marketing costs. Hardware and software. Business property insurance. business license. B&O tax. etc. Cheers, Michael P. Lindekugel MBA Financial Analyst RE/MAX Commercial Team Reba - RE/MAX Metro Realty, Inc Good stuff Ardell. The real estate schools and brokers should teach this stuff. I met half a dozen people in my class that needed to sell a house the week out of school to make a car payment, insurance payment, rent, etc.

You want to be a real estate professional? You need to think like an entrepreneur. You need a business plan. You need marketing plan. You need a budget. You need to have working capital set aside to cover all your personal and business expenses for many months to jump start your business until revenue consistently rolls in. Being self employed has additional costs. Self employment tax. Additional liability insurance for your vehicle. Errors and Omissions insurance. Marketing costs. Hardware and software. Business property insurance. business license. B&O tax. etc.

Cheers,
Michael P. Lindekugel MBA
Financial Analyst
RE/MAX Commercial
Team Reba – RE/MAX Metro Realty, Inc

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