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Contractor Service

How 800 Call Capture is Increasing Listings For Real Estate Agents

What is 800 call capture, and how can a real estate agent best use it to increase their listings? 800 call capture is technology that allows the recipient of a telephone call to extract, or “capture” information about that call. In its most basic form, caller ID is call capture: someone calls the real estate agent, and the caller’s telephone number is displayed. Caller ID, however, cannot capture blocked telephone numbers, or capture any other information. Modern 800 call capture systems not only identify blocked numbers, but identify the caller, his phone number and extension, his address, whether he is a buyer or seller, and an ad code to inform the agent what spurred the call originally.
In addition, the service bought can be tailored to cause the caller to want to give even more information during the call. What this means for an agent, is that time formerly dedicated to lead generation can now be put to much better use doing things that can lead directly to sales. Finally, since the potential lead originated the call, the agent is free to call back for the next 90 days under the “90 day business inquiry” provisions of the “Do Not Call” laws.
Here’s an overview of the process. An agent advertises their services in newspaper real estate sections, bus benches, free neighborhood papers, sign riders, local bulletin boards, etc. – putting their 800 call capture system to work. In their ads, they offer the potential caller some free service: a download of a report on the “Five Things You Must Know Before Selling Your House,” say, or a hotline with the latest market rundown, or the choice to press an extension to receive a faxed report of a property listing of interest, or even to press an extension and be connected with the agent directly. The 800 call capture system can be structured to request specific information from the caller in return for these free benefits. When the caller hangs up, the agent receives a report via email or text message on their cell phone, usually within seconds. The basic information is captured and reported to the agent even if the caller hangs up.
The benefits are obvious and substantial. Not only does 800 call capture minimize or eliminate the need for cold-calling or buying leads, it efficiently and immediately delivers information about pre-qualified leads to the agent in time for the agent to return the call within minutes. Follow up is streamlined and much more effective without the usual time lag between the original call and a personal contact from the agent, perhaps the first personal contact the potential lead has gotten in his or her quest to buy or sell a home.
A seller who has called the 800 call capture number, used an agent’s free service, and received a return call from the agent almost immediately is bound to be impressed with the level of service demonstrated (not just claimed) right out of the gate. The report generated by the 800 call capture system can provide the agent with information that can personalize the listing presentation to the potential seller, further increasing the level of trust in the agent, and making it much more likely that the potential seller will list with their company. In addition, the 800 call capture report itself can be a powerful tool to influence a potential seller to list with the agent.
When the agent sits down with Mr. and Mrs. Potential Lister to make their case for the listing, they can not only claim, but prove the advantage by demonstrating the 800 call capture system in action. By calling the toll-free number, hanging up, and waiting for the report to be forwarded to their cell phone, the potential client can see in real time how the 800 call capture system increases the agent’s effectiveness in following up inquiries by potential buyers when their interest is greatest. That’s a pretty convincing sales tactic.…

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Foreclosed Homes

Solid Advice For When You're Making a Real Estate Purchase

Buying a new house or property is one of the biggest investments you will make and should be taken seriously. And these days, saving money and finding a good deal is more important than ever. This article has several tips that can help you save money buying a new home.

To protect your interests when buying real estate, don’t use the seller’s agent. You might think calling the agent’s number on the “for sale” sign would be the easiest thing to do, but that agent works for the seller, and must put the seller’s needs first. To protect yourself, hire a buyer’s agent.

You should never use a friend or someone that is entirely new to the real estate industry, as your agent. With the myriad of potential problems and risks associated with real estate, your best bet is to use an experienced professional that can help guide you through the ins and outs of your purchase.

Keep an open mind about the houses you look at. These were or are someone’s home, and while they may not have made the decorating choices you would have, it was their decision. Don’t judge a house by its decor. Instead, focus on what you would do if it were to become yours.

If you are investing in a home, do not over-analyze it. If you see some things you do not like about the property, make a lower offer instead, or ask for repairs. Over-analyzing will mean you buy less property, which also will add up to less profit for you in the long run.

Take a risk. You may think it would be impossible to afford, or too good to be true, but if you see a home that you absolutely love, go for it! The worst that can happen is not getting it. You will never know what a seller may approve unless you try.

You should always check your options for down payment assistance. If you’re a single mother, a student, a minority, or another qualified candidate, you may be able to find down payment grants that will take care of the initial payment on the property. Any financial assistance could be a big help.

Look for rental properties in student areas. A college or university neighborhood is a great place to look for a rental property to purchase. In most cases, the vacancy rate will be minimal, and most of the time students pre-pay their rent for the semester or even the entire year. The one drawback is that some students only want 3 month leases; however, if you form a relationship with the school’s housing office, you will most likely have no problem at all finding tenants.

As stated before, buying a new home is a serious investment and one in which you should try to save as much money as possible. If you follow the tips in this article, finding a great deal in the market will be easy. Hopefully you will find a great house at a price that won’t break the bank.…

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Home

10 DO NOTS of Real Estate Investing

So you think you’re ready to start investing. You’ve read all the books, studied all the courses, and talked to all the experts. But just to make doubly sure that you don’t make the common mistakes that some, if not most, investors make, here is a list of 10 “Do Nots” you should absolutely try and avoid doing on your first or next deal.
DO NOT pay too much for the property, no matter how nice it is. Remember the lower you pay, the lower you can price it, the faster it will sell, and the sooner you will see profit!
DO NOT fall in love with the property. Once emotions get into the mix, it can affect vital cost efficient decision making.
DO NOT rush through a deal. Don’t cut corners, or take short cuts. Dot every “I” and cross every “T”.
DO NOT skip out on homework. Research the property to its fullest. What’s worst than buying a crack house in a bad neighborhood is paying too much for a crack house in a bad neighborhood.
DO NOT work with difficult people. If they were difficult in the beginning then most likely they will be difficult during and all the way through the end of the process. It’s not worth it. Walk away while you still have your sanity.
DO NOT bend over backwards just to make a deal work. Be willing to walk away and remember there are plenty of fish in the sea.
DO NOT underestimate the importance of marketing. Putting one measly little “For Sale” sign in the front of your property is not going to cut it. Use the internet, newspapers, flyers, whatever you can to spread the word and market!
DO NOT waste time on tire kickers. Make sure every potential buyer you show the property to or take time to entertain are actually qualified buyers who have a real potential to buy. Time is money, so don’t waste time on people with no money!
DO NOT be offended by low ball offers. Remember it’s all business, not personal. Plus you’d probably be doing the same thing anyways if you were in their position.
DO NOT get greedy. Once you’ve successfully closed a deal, know for certain that there are many deals out there to be had. So don’t try to get all you can from one deal. It’s better to close and profit with a few thousand or even just a few hundred dollars, then never closing at all.
And just a little bonus that’s probably one of the most important Do Not there is:
DO NOT GIVE UP! Remember, every “No” is one closer to a “Yes”. They need you more than you need them. You are a solutions provider. Now go and deal is waiting!…

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Home

12 Key Questions to Ask Before You Hire a Commercial Real Estate Attorney

Before you ask your Commercial Real Estate Attorney the 12 Power Questions questions, narrow the field to the best candidates you feel will represent your interests like they were theirs. Let’s make it easy, start with people you know and trust or have done business with in the area you wish to purchase and ask for recommendations. People that know you, know how you interact with others, ask for the best fit as they see you.
Get recommendations for quality attorneys from your brokers, property manager and other local investors – you can ask at a local real estate investor’s group meeting, if you don’t know anyone in the area. Trust your gut in the interview, your reputation and success as a professional investor will be influenced by who you invite to your inner circle.
Once you have decided on the best candidates, try to arrange a meeting outside their office, offer to take them to lunch or meet socially through an associate. First impressions do count. Get to know the attorney as a professional and get answers to your questions without feeling intimidated or threatened by their knowledge or lack thereof.
Here are the 12 Key Questions to ask:
Negotiation Experience
1. What is the most complex transaction you have ever been involved with to date?
2. How many Commercial Transactions have you been involved in?
3. Have you represented both a buyer and a seller in a commercial property transaction?
4. How many commercial real estate renegotiation (retrade) contracts have you completed?
Contracts
5. Have you facilitated a commercial transaction, covering all aspects of the closing?
Entities
6. How many entities have you created for clients, including – Limited Liability Companies, Limited Partnerships, etc? Can you write Opinion Letters for Lenders on these entities?
Loans
7. Have you reviewed loan documents before?
8. Have you done loan assumptions before?
9. Have you ever worked with a Lender’s Council to close a property? A lender’s attorney will draft the loan documents and your attorney will work with them.
10. Have you ever worked with Conduit Loans or loans from Fannie Mae or Freddie Mac?
Fees and references
11. What are your fees? Hourly or retainer?
12. ASK FOR AND CHECK THREE REFERENCES
Do you want to learn more about Commercial Property syndication in today’s Market? If so, I suggest you check out why Doctors Invest to increase ROI. You don’t have to BE a doctor to invest like one.…

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Home

Calgary Luxury Real Estate

I just took a look at an article that puts Calgary as the third wealthiest metropolitan area on the planet, aside from Paris, France, and San Francisco. I was really a little bit shocked with this, due to the fact that there exist numerous even bigger, and purportedly a lot wealthier, cities that I believed should be on the list in front of Calgary. However, it appears sensible the moment you take a look at the latest statistics on economic growth, the energy market sector, and among the more conventional evidence of economic health – the Calgary luxury real estate property market.

Only in the near past, one particular apartment in a newer Mission-area development ended up being sold for $9 Million. It made history for being the most expensive condominium ever in Calgary, and elevated at least many eyebrows at the same time. That shouldn’t have been so much of a unexpected surprise when you consider that there are actually very large custom houses continually being sold for anywhere up to approximately $11 million Canadian dollars around the Calgary zone, making myself to ask the question if that is usual among other places throughout the world. Apparently not. During the midst of the recession – or more accurately a depression – for almost this entire planet, Canada and Calgary particularly, looks like it’s managing relatively good for itself.

For this reason, there are now quite a few upscale real estate providers and websites showing up in the municipality. One of the most suitable illustrations of this is Calgary Luxury Portfolio. It aims expressly on houses and condos of the over one million dollar assortment. Even though some might argue that it omits a major portion in the market, it’s wise to articulate that there’s an excellent, and expanding, marketplace demand for services exactly like it.

Despite the fact that I’m still certainly not 100 % positive how Calgary is apparently flourishing the success whereas a lot of other cities of the earth scramble in order to stay in the black, there genuinely does appear to be a whole lot of proof this is obviously the case. One brief look at the Calgary Luxury Portfolio website turns up hundreds of properties which have recently been re-developed to be able to be offered for the luxury buyer’s current market, with an active listing amount of anywhere as high as $12 Million Canadian.

Of course, the best marker of real estate is the total that the buyer is willing to pay on a house or condo. Thus, in the event that a person isn’t inclined to spend that amount, the listing price is not really genuinely how much it’s valued at. Subsequently it will remain to be seen just what all these higher end houses would eventually be sold for. But while many want to know if Calgary will soon get inflated real estate price tags such as some of those seen in places like Toronto or New York City, I’m only pondering just how the city isn’t there presently considering the plethora of wealth?…

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Commercial Real Estate

The Real Estate Purchasing Process

An agreement whereby a seller promises to sell an interest in realty by conveying a deed to the designated estate for which a buyer promises to pay a specified purchase price is known as a real estate purchase contract. The interest the seller conveys in the deed may not be a full interest, otherwise known as a fee simple absolute. If the seller is a tenant in common, meaning they own a percentage of the estate, they can sell or will that percentage of the estate to a third party.
The purchasing agreement will have to explicitly state what kind of estate the buyer is purchasing. The purchasing agreement must also convey the extent of the land being sold. If a seller has sold the rights to the subsurface of their land, to an oil company for example, then they no longer have the rights to the subsurface and must convey this when they sell the remainder of their property.
In this case, a buyer would have a fee simple absolute to the real property, house, trees, anything attached to the land, and the air rights; they would not own the rights to the subsurface of the property, though. Failure to convey the full extent of the seller’s estate, or any previously sold portions of the land would violate the statute of frauds.
Another fraud issue is whether there are back taxes on the property. The seller must convey any outstanding taxes on the property before the buyer actually purchases it. The purchase contract must meet all the requirements of the memorandum, which fully and explicitly states what would violate the statute of frauds.
In many counties, brokers use purchase agreements that have been preapproved by the local bar association and the local real estate brokers association. There are various contracts for various estates. However, a broker must often make lengthy additions to each contract to meet the memorandum requirements for each specific property. These additions are also specific to whether the buyer is pre-approved or has a loan in place.
Additions to the contracts also state from which institution the buyer is borrowing. The contract also specifically states which fixtures or pieces of equipment the buyer is purchasing in addition to the land or house. Typically, these refer to built-in appliances, like central air, but it also refers to anything that is mounted to the wall. One of the most important elements of the contract is that it specifically addresses any concerns about inspection.
While it is not legally required in all states, home inspections help determine the value of the home beyond what a person can visually determine. If a home was acceptable for purchase from what the buyer could tell, but the housing inspection determined there were termites in the walls and black mold in the basement, for example, the buyer has the right to remedy.
During this remedy period, the buyer may walk away from the purchase or renegotiate a better price to include any work that must be done to make the house habitable, or simply make standard improvements. The buyer’s amount of leverage depends on the issue found with the home and the seller’s ability to find another buyer.
During a real estate purchase, the buyer is often required to give the broker what is known as earnest money. Earnest money is simply a percentage of the sale price, which demonstrates that buyer is ready, willing, and able to go through with the purchase. This also motivates the buyer to ensure the transaction is completed. If the transaction is not completed, the buyer loses this earnest money. Typically, a buyer is further along in the purchasing process before earnest money is required.…

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Real Estate Listings

Real Estate Info to Sell Your House Quickly

If you are trying to sell your house, there are a few things you should know. Real estate info is vital for you as is special real estate info that you have never thought of. Your house has certainly some advantages and some disadvantages. The first thing you should do is to highlight the advantages. The second thing is to eliminate the disadvantages. Now you are probably thinking of a way to do that. There is obviously nothing you can do to relocate your house in a better neighborhood, but there are a lot of things you can do to make it look different and sell faster and in a higher price.
First of all, take a good look at the entrance. The entrance is what makes the first impression. A neglected entrance with a door that has a pale color and is probably even not painted recently makes a very bad impression. So if you think that you can do something for this situation, you should know that it will certainly be worth it. Making the entrance look vivid will make your house seem inviting and this will help the buyers to picture themselves living there. The same issues are applied to the entryway. If your house has a hall or much space in the entryway, you should make sure that it is tidy, clean and provides a warm welcoming feeling to those entering the house. Remember to keep some furniture in this room apart from the coat hangers, but don’t clutter the space too much.
If you need more real estate info, you have probably searched a number of sites that don’t provide simple solutions. There are not many things you can do to make your house appealing, but with a little rearrangement you can see a big difference. So if you have a big kitchen, you have probably ended up storing all sort of things there. The problem here is that these things are most of the times things you don’t use but are not willing to throw away. So they end up cluttering your kitchen, giving the feeling that nothing else can function. However, the kitchen room is an important room in the house.
Food is prepared there and the family has the chance to sit at the table and eat enjoying each others’ company. This is the feeling the kitchen should provide to the potential buyer of your house. The best approach is to throw away all the things you don’t use and keep the bench and the dining table clean. If you are reluctant on throwing away your things, you can donate them or sell them. The best real estate info available can be found in this one phrase; keep the house clean, organized and inviting to the guest. Real estate info is not hard to get, but is hard to implement. So make your best effort to follow these tips to make your house sell fast especially if you have already bought another house.…