The Home Buying Process
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The Home Buying Process
With Charles Kraus
IN THIS VIDEO YOU WILL LEARN
Why Buy a Home?
Seven Reasons to Buy –Including:
Learn the tax benefits and personal reasons for buying a home.
The Eight Steps of the Home Buying Process:
1.Preparing to Buy – Create a Plan
2.Choose a Real Estate Professional
3.Consult a Home Loan Professional
4.Determine Your Housing Criteria
5.House Hunting and Selecting a House
6.Preparing an Offer and Negotiating the Contract
7.Inspections
8.Preparing for Closing / Settlement
Your Host: Charles Kraus
Charles Kraus is a veteran real estate agent and Branch Manager for an international real estate company. He has been licensed since 1992 and has helped both home buyers and real estate agents understand the home buying process. Mr. Kraus is a top producing agent in Maryland and as Manager provides counsel, supervision and oversight for the real estate agents in his branch office.
Mr. Kraus is a Graduate of the Realtors Institute and the Maryland Association of Realtors Leadership Academy. He is an Associate Broker and Branch Manager for a real estate company in Annapolis, MD. Mr. Kraus has also served three terms on the Anne Arundel County Association of Realtors, Board of Directors and two terms as President of the Distinguished Sales Achievement Club of Anne Arundel County. He has also served two terms as Chairman of the Contract Forms Committee for the Anne Arundel County Association of Realtors. Mr. Kraus and his wife Pat are lifelong residents of Maryland and have lived and worked in the Greater Annapolis area since 1976.
Video minutes 56 Minutes
All rights reserved ® 2008
www.showmehowvideos.com
Watch it — Learn it — Do it
Duration : 0:3:33
Mobile Real Estate ID – Mobile Tool Box
Mobile Real Estate IDs new Mobile ToolBox is a real estate agents all in one mobile solution. It provides both 24/7 lead generation via text message as well as a phone agnostic mobile web site that allows buyers to search the entire MLS from the palm of their hands, on their mobile device.
Mobile Real Estate IDs new Mobile ToolBox is a real estate agents all in one mobile solution. It provides both 24/7 lead generation via text message as well as a phone agnostic mobile web site that allows buyers to search the entire MLS from the palm of their hands, on their mobile device.
For more information please visit www.mobilerealestateid.com or contact Seth Kaplan at seth@mobilerealestateid.com
Duration : 0:1:26
By Referral Only Strategies Creates Time Management for Real Estate Agents
http://www.byreferralonly.com Training for Lenders. Dave uses the By Referral Only “Time Management” strategy to manage distractions in his real estate business.
Duration : 0:4:56
Proven Strategies and Systems for Real Estate Agents & Lenders that Generate Results
http://www.byreferralonly.com Real estate training for Realtors. LeAnn implements strategies in the By Referral Only Solution that allows her to effectively manage her time.
Duration : 0:5:24
Website Traffic “Secret” + MyTrafficGenie = Double Your Conversion
Website Traffic “Secret” http://www.mainstreetmarketingsystem.info
Want more targeted traffic to your website, blog
Duration : 0:2:2
is it easy to become a realestate agent?
i’m thinking about becoming one.
You need to get a license and you should be a good sales man. other than that i don’t think there is any hard part
(i heard the licensing part is pretty hard)
can i break a sighned contract WITH A REALESTATE AGENT saying their my agent.And the contract is binding?
They cant find me a home i like and want to buy,
theres usually a time limit the real estate agent has in the contract, reread it and go over it with them first.and asks questions no matter how stupid they sound to you. after all its is your time and money they’re useing
Four Misconceptions That Most Real Estate Agents Make
http://www.RealtyCoachingClub.com
Now for todays lesson I want to go over Mike Lafidos The Renegade Agents four misconceptions that most real estate agents make in assuming that they will get referrals.
The first misconception is the 75/25 percent rule. This rule refers to the fact that only 25 percent of all the clients that you work with are going to give referrals back to you. So you need to be able to find out from all of your past and current clients who that 25 percent are because that is who you want to put your work into.
Misconception number two is assuming that most clients already know what makes you different than other agents. So you need to have a unique selling proposition (USP) and to let your clients know what that is. So if you have some sort of cash back program, or a guarantee program or any other program that differentiates yourself you need to remind them why youre unique and better from the competition.
The third major misconception that agents make about getting referrals is that bribing your clients through contests and such is going to get them more referrals. Bribing your clients does not motivate clients. So you need to be delivering beyond your client expectations so that they know that you are the expert that they want to recommend. You can do this by focusing your efforts more on stuff like marketing, keeping up with your blog and newsletters.
And the last misconception most agents make when dealing with their clients is that being good enough is good enough. You need to be able to ask who do you know questions.
So once again the four misconceptions are the 75/25 percent rule, assuming that most clients know how you are different, bribing your clients will get you more referrals and that being good enough is good enough. So remember to not make these mistakes. I hope this information was beneficial for you and if you need more tips like this you can learn more real estate education at Mikes blog at www.realtycoachingclub.com .
Duration : 0:3:26
How much does a realestate broker get paid is it more than the realestate agent or less or what percent?
Are you referring the the broker in charge (BIC) or someone who has their brokers license but is not in charge of the office?
Everyone else is answering based on BIC so I will as well.
When you affiliate with a firm you negotiate your independent contractors agreement with them. That is what will determine your split with the firm. For example: If you have negotiated a 50-50 split you get 50% and the firm gets 50% of the commission. If you have negotiated a 70-30 split you get 70 and firm gets 30.
Some firms work on a 95 or 100% percent split but the licensee pays a desk fee on a monthly basis or commits to pay a certain amount to the firm for the year.
Some firms work on a flat fee per sale to the agent. This is usually the discounted brokerages. I am aware of one company that only compensates the licensee with $600 per transaction.
It all depends on how the firm operates and what the licensee agrees too.
In most cases the BIC does not receive the firm portion of the commission. The firm gets it and pays the BIC a salary plus an override of what the office produces or the net income to the office.
Most companies do not negotiate their splits just as they will not allow their agents to negotiate commission rates.
what should I expect from my realestate agent?
we but an offer on a house sat morning. it is now sunday when should I hear back from our agent. I feel as though she has too much going on in her personal life to get the job done. we have sold our home so now time is limited in finding a new home. Am I expecting too much from her if I need her to work nights and weekends for us???
Give it more time, lots of time if it is not being sold by a private party. I hope she told you not to bother with short sales if time is an issue for you.
Yes, it is reasonable to expect her to work 9-5 with the banks, inspectors, title companies, etc, and nights and weekends with you and other buyers. Those are the hours of the profession she signed up for.