All About Real Estate And Housing

When you decide on selling a house through a real estate agent you will be faced with the decision to list your house with several real estate agents, this is called an ‘open listing’ or you could list your house as a ‘sole agency’ or ‘exclusive’ listing. The decision you make about which option you’ll choose will have quite a large impact on the entire sales and marketing program when selling a house. In this article we’ll explain what is involved with listing a house as an open listing as well as a sole agency listing and we’ll explain the pros and cons of selling a house using both methods. The method you choose could affect the final selling price of your house and the time that your house is on the market for, this is why it is essential that you firstly have the right information in order to make a decision and then assess which method will work best for your house and your personal situation.

Selling a House as an Open Listing:¬† An open listing gets its name from the fact that when you list your house for sale as an open listing you ‘open’ the listing up to multiple real estate agents from multiple real estate agencies to allow them to represent your house as the sales agent. With an open listing you’re not tied into using only one real estate agent for a set period of time as you would under a sole agency listing. Each real estate agent will have their own database or contact list of buyers that are looking for specific types of houses and if your house matches the requirements of one of their existing prospects, it could result in a sale. It’s only natural that the more agents that know about your house, the more number of homebuyers that could be inspecting your house. However, open listings will never get the full attention or service from the agents as it would if your house was listed as an exclusive-agency listing.

One important tip here: With an open listing all the agents will want to put up a for sale sign in front of your house so that they can increase their chance of receiving sales enquiries off the sign. Never have more than two For Sale signs (from different agencies) in front of your house. If you have any more than two signs out the front of your property it could appear to be a ‘distressed’ property (one sign is ideal). A ‘distressed’ property is one where the vendor is in desperate need to sell. This could be because the house has been on the market for so long, the price could be too high or there could be something wrong with the property or the area in which it’s situated. Having too many agent signs out the front of your house could make it appear to be a property in distress and this could affect your end selling price and even the buyers first impressions when they drive past your house.

Listing your house as an open listing may also result in having to spend less money in advertising. This is due to the fact that there are a lot of agents that may have buyers already interested in the type of house your offering as well as the fact that you might spread some ads over several different agents over several weeks. If you do have an open listing and intend to begin an advertising campaign to sell the house, it’s important that you have one ‘lead’ agent for your advertising. Do not place an ad one week with one agency, then run an ad the next week with another agency.

A Closer Look Into Real Estate

Real estate has always been known as the safest of investments. In fact, real estate investment completed after proper research into and evaluation of the property (to determine actual and future value), can lead to tremendous profit. This is one reason many people choose real estate investment as their full time job. Discussions about real estate tend to focus on residential real estate; commercial real estate, except to seasoned investors, typically seems to take a back seat. However, commercial real estate is also a great option for investing in real estate.

Commercial real estate includes a large variety of property types. To a majority of people, commercial real estate is only office complexes or factories or industrial units. However, that is not all of commercial real estate. There is far more to commercial real estate. Strip malls, health care centers, retail units and warehouse are all good examples of commercial real estate as is vacant land. Even residential properties like apartments (or any property that consists of more than four residential units) are considered commercial real estate. In fact, such commercial real estate is very much in demand. So, is commercial real estate really profitable? Absolutely, in fact if it were not profitable I would not be writing about commercial real estate at all!! However, with commercial real estate recognizing the opportunity is a bit more difficult when compared to residential real estate.  But commercial real estate profits can be huge (in fact, much bigger than you might realize from a residential real estate transaction of the same size).

There are many reasons to delve into commercial real estate investment. For example you might purchase to resell after a certain appreciation level has occurred or to generate a substantial income by leasing the property out to retailers or other business types or both. In fact, commercial real estate development is treated as a preliminary  indicator of the impending growth of the residential real estate market. Therefore, once you recognize the probability of significant commercial growth within a region (whatever the reason i.e. municipal tax concessions), you should begin to evaluate the potential for appreciation in commercial real estate prices and implement your investment strategy quickly. Regarding commercial real estate investment strategies it is important that you identify and set investment goals (i.e. immediate income through rental vs later investment income through resale) and that you know what you can afford and how you will effect the purchase. It would be wise to determine your goals then meet with your banker (or financier(s)) prior to viewing and selecting your commercial real estate.

Informative Data on Real Estate

Because real estate prices have dropped quite a bit, the potential commissions that real estate agents and brokers could earn have also dropped. But the drop in commissions can be more than offset by the amount of properties that can be sold. And getting quality real estate leads is one of the keys to making this a reality for real estate professionals. This is because there are so many more properties on the market now than there were before the bubble burst. The rise in the number of homeowners who are underwater on their mortgages has increased so much that a very large number of them have decided that they cannot afford to stay in their homes. They would rather sell their home and buy a comparable home for a much lower price, and take the loss so that they can improve their cash flow situation by having a lower mortgage payment each month. And since there is no shortage of properties to buy, these people had no problem finding a suitable home for a good price.

And another result of the rise in available properties is that more and more people are becoming first-time homeowners. Since prices on homes are falling, more and more people are able to afford a home for the same amount they are currently paying in rent. So the logical choice for these people is to buy a house rather than continuing to rent. These factors all lead to one thing – a higher need for real estate agents to help the buying and selling of all of these properties. Therefore, even though prices have fallen, the quantity of available properties, buyers, and sellers has raised which more than makes up for the lower prices in terms of how much a given real estate agent could make in the current real estate market. And as we all know, the more clients a real estate agent has, the more properties they’ll sell and the more money they’ll make. The problem comes in when a real estate agent has already gone through their current client list.

The best way for them to get more clients is to somehow obtain more real estate leads. Not only do they need more leads, they need high quality leads if they are going to be successful in converting a high number of them into clients who actually follow through on buying and/or selling one or more properties. So how can you get more real estate leads? There are of course many different ways. These include buying them from an agency that offers them, advertising, subscribing to lead generation websites, developing and keeping current your own real estate website that draws potential clients to it, and best of all by getting them through your own network. There are undoubtedly other ways of generating real estate leads as well, but these are the most common methods – all of which have proven to work to a certain degree.