Ask A Realtor Spotlight: Linda Walters

The latest interview in our series spotlighting the Realtors who answer the questions in the Ask A Realtor section is Linda Walters, a Realtor in the lovely Main Line area of Pennsylvania. Linda is a triple threat, she’s a buyer’s agent, a real estate attorney, and she participates in local charities (she’s shown at an event in the picture above).

You are a buyer’s agent, what was it about working with buyers that made you want to specialize in that area of real estate?
Because I was trained as an attorney, I have an advocate point of view. That doesn’t mean adversarial or confrontational, just that I take the point-of-view of the client. I felt that the traditional ways of representing home buyers did not offer this alternative to the buyer side. I love what I do. I always say that being a listing agent is like having an arranged wedding—you get the good and the bad houses and you have to make them look desirable. But using an exclusive buyer’s agent is like going to a website like Match.com—you get to pick only the very best ones to select from and end up with!

You are also a real estate attorney, I know you don’t work as an attorney and a broker on the same transaction but are there any specific challenges or advantages to having both skill sets?
I get too involved with legal issues and try to solve them for my buyers. I have obtained mechanics lien title coverages, drafted easements for driveways, written co-habitation agreements for non-married couples and contacted authorities when lenders have committed a wrong against a buyer. I always draft concise addendums when we have complicated issues that have to go in the agreement of sale. So much of this profession is legal and complicated that I feel sorry for many agents who have no guidance in these areas. Most buyers in this area do not use an attorney so I try to fill in the gaps for them without introducing any risk to them or to me.

What’s the best thing about living in the Main Line area of Pennsylvania?
Where to start? For me, it is the well-built, beautiful homes with such varied architecture, together with the topography of the rolling hills and woods. I live on a beautiful creek with huge trees within walking distance of 2 train stations and an old-fashioned hometown, with great assets. It has an old theatre, a school, library and tons of restaurants and locally-owned shops. I think that is what many people seek when they look for a home.

What do you do when you aren’t selling real estate?
I foster dogs and cats for the local SPCA, swim, garden and play piano.

What’s your favorite productivity tool?
It would have to be my smartphone. How did we live without those?

Learn more about Linda at her website: www.FindAHomeInPA.com.

Realtors Plan Rally To Save The American Dream In Washington

realtorsrally Realtors Plan Rally To Save The American Dream In Washington

The National Association of Realtors recently announced the date for the Rally to Protect the American Dream. Realtors will gather in Washington D.C. on May 17 to stand up for housing. As NAR President Moe Veissi said in his call to action: “The very foundation of civilization is no stronger, nor more enduring than the integrity of the homes on which they rest. “

The rally promises to bring together Realtors from every corner of America in a statement of solidarity to show Congress that Realtors want to revitalize real estate and protect the American dream of home ownership. They hope to have 15,000 Realtors in attendance. The rally is scheduled to coincide with the NAR Midyear Legislative Meetings & Trade Expo.

Realtors who want to participate are being asked to register at the Realtor Rally website. NAR plans to provide food, water, lunches, t-shirts and buses and will also help individuals and groups connect with transportation via local and state organizations.

Buyers and Sellers Should Lay Cards on the Table

ForSaleSold wide Buyers and Sellers Should Lay Cards on the Table

When a buyer or seller is not completely honest with their Realtor, it can be a bad deal for everyone involved says Birmingham, Alabama Realtor® Charita Cadenhead.

“That’s right.  All you have to do is be upfront and truthfully provide all of the information that your real estate agent requests so that we’ll be in a better position to negotiate on your behalf.  Just think of it as a card game.  The good news is that there is no bias in this game. The rules apply to both buyers and sellers so don’t feel like you’re being picked on.

Here’s a tip you’ll want to be sure to use: Your lender will want you to play the same game. You see when you fill out that mortgage application and state that your earned income is $3000 per month, they’ll be expecting you to be able to back that up when they start to investigate it.  They’ll want to contact your employer’s Human Resources department so forget about getting your best friend Sally to pretend like you’ve worked for her and that she can verify your income.

I once had a client who had been estranged from her husband for years. She had not seen or talked to him in years.  I’ll tell you what else she hadn’t done: divorced him. Yep, the truth all came out when the title was pulled.

And poor sellers. So many of you are under water on your mortgages and want to sell. But if you contact us (real estate agents), we’ll want to know that little tidbit of information upfront. You see we’ll be in a better position to guide you if we know you’re behind on your mortgage. Knowing that little bit of information sets us on an entirely different course and being that time is of the essence, we don’t want to waste it by taking action that will work against you.

I have not even tapped the surface of the setbacks caused by withholding information. While you might think that you are helping yourself, you are actually hurting yourself when you don’t put all of your cards on the table.

So from here on in, let’s make a deal. You put all of your cards on the table and I’ll play the hand I’m dealt and use that to heighten your chances of coming out a winner. There are no guarantees, but the odds sure will be in your favor…”

Click here to read more blog posts by Charita Cadenhead.

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For Sale Signs Still Sell Homes

ForSaleWhiteSign wide For Sale Signs Still Sell Homes

North Carolina Realtor® Dave diCecco says that there is still a place in real estate for the good, old-fashioned For Sale sign in the front of your house.

“I get a lot of different questions asked of me as a Realtor. Today I received one I have not heard before. I had a client who did NOT want me to place a sign in the front yard. Now, I know this is the age of the Internet; signs are old school and they give the Realtor exposure. Well, yes that is true.  But there is much more to a For Sale sign if marketed right. 

Today the For Sale sign placed by a Realtor can be one of the best marketing items the Realtor has. For one, if they place their cell phone number on the sign, they are able to receive phone calls from prospective buyers about the property. That prospective buyer could be someone who either does not search for homes online or came across this by driving by. That could also be the person or family that purchases the house. I have had it happen to me on one of my listings.

Second, if the Realtor is marketing the home properly then the newest wave of information can be placed on the sign. One is a QR code. This is a web design that allows someone to download an app to their phone and click on the code on the sign and see the complete information for the listing including photos of the house right from their phone.

Third, Realtors are placing 24-hour recorded messages via text right on their signs. This allows consumers to drive by, take the phone number and call to receive a recorded message giving them information about the property.

Fourth, without a For Sale sign, you are unable to get to the buyers that are new to the area and driving around looking at neighborhoods. They are most likely to call and, if they like the neighborhood, probably buy in there.

With all the benefits to having a sign in the yard, why would you not want it there to help market your home?”

 

Click here to read more blog posts by David diCecco.


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Real Estate is a Numbers Game

Real Estate Numbers wide Real Estate is a Numbers Game

There are aspects to real estate that are purely about the numbers, says Orlando REALTOR® David Welch.

“You read the statistics every month. What is the number of homes active on the market, and the months of supply that represents? How many sales were there last month, and what is the median sales price?

Buyers look at the number of bedrooms and bathrooms and the asking price. Sellers want to know what is the price per square foot of the other sales in their neighborhood, and what did the person down the street sell their house for?

On the marketing side, we look at how many showings have we had and how many other homes are for sale in the neighborhood. When you start talking about the Internet, there are loads of numbers: the number of impressions, conversion percentage, page rank, page views, clicks, click-through percentage and unique visitors are all measured.

Once one of those conversion statistics becomes my customer, they are no longer a number. Unfortunately, not every agent seems to feel that way. It seems like way too many people feel that if they throw enough at the wall, something will stick.

When I list someone’s home for sale, my goal is to get it sold for them. When I am helping someone find a home, vacation home or investment property, my goal is to find the right property and make the best deal for them. Once I have a contract, I expect to get it closed…”

Click here to read the rest of this blog post by David Welch.

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10 Questions to Ask When Hiring a Realtor

RealtorClients wide 10 Questions to Ask When Hiring a Realtor

Picking the right real estate agent is as important as picking the right house; but do you know what questions you should be asking them?

Idaho Falls Realtor® Juan Murdoch lists the top 10 questions you should pose to potential candidates for your business.

“Here is a set of 10 questions to ask your Real Estate Agent candidate and why!

Are you a full time Professional Real Estate Agent?

Knowing whether or not your agent practices full time can help you determine potential scheduling conflicts and his or her commitment to your transaction.

How long have you been representing Buyers?

As with any profession, the number of years a person has been in the business does not necessarily reflect the level of service you can expect, but it is a good starting point for your discussion.

What Professional designations do you have?

Same as above answer.

Do you have a Website that will list my home?

Many buyers prefer to search online for homes because it’s available 24 hours a day and can be done at home. So you want to make sure your home is listed online, either on the agent’s Website or on their company’s site.

Do you have a personal assistant, team or staff to handle different parts of the purchase?

It is not uncommon for agents who sell a lot of houses to hire people to work with them. As their businesses grow, they must be able to deliver the same or higher quality service to more people.

What are their names and how will each of them help me in my transaction?

You may want to know who on the team will take part in your transaction, and what role each person will play. You may even want to meet the other team members before you decide to work with the team

How do I communicate with them?

If you have a question about fees on your closing statement, who would handle that? Who will show up to your closing?

Can I have your URL address?

By searching your agent’s Website you will get a clear picture of how much information is available online.

Who responds to emails and how quickly?

This will tell you how fast you will receive information and the time frame you will be able to keep in contact with your agent.

What’s your email address?

Make sure you always have your agent’s email address so you have alternate communtication. Agents also use email as a good way to get documents signed…”

 

Click here to read the rest of Juan Murdoch’s blog post.

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