- Best Real Estate Agents in Santa Monica California
- If you’re interested in knowing what makes some agents good or bad and why people get so many questions during interviews and other parts of the sales process—read this article before making a choice.
What Makes A Good Realtor Different than A Bad One
Here’s a question I often hear: “Can someone become a great agent just by being around it? Or will they only be really good after years of experience?” My answer is yes and no. Of course anyone can learn some skills, but becoming a top performer requires dedication and commitment and lots of training under competent instruction.
However, it’s easier to spot potential problems when hiring a contractor because you actually talk face to face with them. But, you won't necessarily see the same things in an interview setting as you would in person. So when interviewing real estate professionals, try the following questions to find out whether you want to work with them:
How long did you attend real estate school? If they graduated five years ago, you already have more experience working professionally than most. However, don’t assume that just because they went through the program that they’re ready to sell a property today. Instead ask specific, relevant questions like, ‘Have you sold anything recently? Can you show me recent examples? Have you ever had to close deals without having enough inventory? Would you recommend attending additional classes?’
In terms of education, what does your license say you completed? Ask specifically about their real estate law licensing exam score, which measures knowledge and understanding. Also check that they passed the state board exams required, which tests both written content and oral communication skills. Finally confirm whether or not they hold active licenses in multiple jurisdictions.
If you hire a licensed professional, you should always have confidence in their abilities. And if they tell you that they haven’t yet closed a sale, then ask them to walk you though at least one example transaction that worked well for them — and make note of specifics like price range, type of house/condo, market conditions, neighborhood location, etc.
Which areas interest you the most? Most buyers prefer homes located near schools, parks, shopping centers and grocery stores. So ask prospective sellers which area they envision living, rather than forcing them to select something off the cuff. Don’t forget about outdoor space (i.e. yards, patios). Is there plenty of parking available nearby? Do you foresee needing storage units?
Do They Speak Your Language? Ask prospective clients to explain the language used in their listings and contracts — especially since many states and counties have different rules regarding disclosure deadlines and forms. Make certain that these requirements aren’t confusing or misleading; otherwise buyers could miss opportunities to purchase properties.
Ask Them About Their Experience Selling Homes Like Mine
Nowadays, sellers expect to receive several offers, so don’t hesitate to inquire about their past experiences closing transactions quickly. And if they admit that they weren’t able to complete a deal on schedule — or perhaps even avoid losing one altogether — take advantage of this information. For instance, they probably know exactly what types of houses tend to sell better in...
- Choosing the Best Santa Monica Real Estate Agent
- There are many people who struggle with finding trustworthy agents because they want someone they trust but most importantly they want somebody who will get them top dollar. We are going to walk through some tips to help make this happen. A lot goes into determining which agent should be representing you including price range, location, experience level, professionalism, personality, online reviews, phone calls, website design, client testimonials, personal referrals, and more. By being smart about these things, you’ll save yourself tons of stress. So without further ado: 1.) The Price Range
Price matters, it does. But just like anything else, sometimes the price really isn't everything. If you feel comfortable working with an agent, regardless of his/her “price tag” then go ahead and find an agent who fits those traits you seek. And remember; there are several ways you can narrow down your search for the perfect fit for you. Here's a few quick suggestions: Search specific zip codes or neighborhoods Find active listings Compare prices based on size of house 2.) Location Matters
If you're searching around town, try thinking outside the box. Maybe your local area offers great homes for less than what other areas would charge. Perhaps the housing market is still hot in your neighborhood, leading to lower overall costs. Or perhaps the price point (i.e. asking price) has dropped recently due to demand. Regardless, every property has value and it depends entirely upon your situation. Think about where you currently live, where you'd love to someday move to -- and consider where you've lived since childhood. 3.) Experience Level & Professionalism
Experience is key. Not only do experienced real estate professionals have vast knowledge of the current marketplace conditions — a necessity in today’s competitively priced markets — they’re skilled negotiators. They know how to work effectively under pressure, whether during tense moments while closing escrow or simply navigating unfamiliar territory on tricky negotiation days. 4.) Specialization
Real estate is highly specialized. Even though you won’t necessarily always rely solely on your listing professional to sell your home, knowing the ins-and-outs of the business certainly helps. For example, if you own a luxury oceanfront residence with sweeping views of the Pacific Ocean, chances are good that it involves special considerations in regards to staging, landscaping, décor, lighting, furnishings, construction materials, finishing touches, etc. Additionally, certain types of properties will require extra attention beyond standard preparation techniques, especially with regard to building permits and inspections. 5.) Personality
In addition to experience and expertise, having fun is another big part of getting clients to view your listing(s). It could sound silly, but the right vibe makes a difference in attracting buyers. People often decide quickly if something feels authentic or artificial. Therefore, try to establish rapport with potential buyers via the way you greet them, ask questions, listen attentively, show interest in the buyer’s needs and concerns, follow-through consistently with updates, take notes diligently, use humor wisely, treat each client with respect and kindness. 6.) Website Design
Having an eye toward aesthetics is important as well. Many times prospective buyers first see a picture of...
- Top Realtors in Santa Monica California
- When considering whether to work with a real estate agent or sell yourself, you must evaluate each option thoroughly. Here are several critical considerations to factor into this decision.
How to Find Agents/Realty Companies Who Will Work Most Effectively For Your Goals & Budget
Do they focus primarily on sellers or buyers? If your primary interest is to purchase, do they charge upfront fees, closing costs, listing commissions, or a combination of these services? Do they specialize in luxury properties, distressed foreclosures, commercial transactions, short sales, rental properties, multi family units, homes in desirable areas/school districts, single family residences, condos, townhouses, land acquisition, vacant lots, or other types of residential property? Or does your area include a mix of various markets? These may be some of the questions that will help determine which agency will provide you with the most appropriate assistance in reaching your real estate transaction objectives and expectations.
Does They Have A Strong Reputation And Track Record Of Successful Transactions Within Your Area?
Your choice should be influenced by the experience level, knowledge base, reputation, and track record of those who would represent you. You will certainly find many different agents, brokers, firms that claim to be experienced and knowledgeable; however only a few truly possess solid and well defined expertise within specific niches/areas. Ask around locally to identify those that fit this description. Some examples of reputable companies could be a local law office, business association, bank branch, chamber of commerce, city hall, school district administrator, county recorder's offices, homeowners association board members, neighborhood associations, community events, churches, clubs, professional service providers like accountants, financial planners, lawyers, mortgage lenders, title companies, insurance agencies, builders and contractors, appraisers, engineers, architects, inspectors, pest control experts, interior decorators, landscape designers. Make sure you research the background history of these organizations to verify their claims of being credible and trustworthy. Many people believe that word of mouth recommendations form the basis for selecting a company but often times it is simply someone else’s opinion rather than fact. Researching the individual agents themselves through reviews online or offline is another great way to assess potential value added factors that you consider essential while evaluating options available.
What Their Portfolio Includes As Represented By Past Transactions Similar To Those Desired For Purchase / Sale In Question
This is particularly significant since the majority of consumers believe that the biggest problem encountered during the purchasing process by far relates to price. In reality, if you desire multiple offers for under asking prices, then having a qualified and experienced team behind you can play a tremendous role toward achieving just that outcome. However, you must always be aware of certain facts related to the market conditions and specific geography for the type of house(s)/property(ies), area/district, and size range you wish to acquire. Having said that, there exists no “one size fits all" solution and therefore you need to understand exactly what is available in terms of choices before making your final selection of representation. There really isn't anything "right" or "wrong", per se, with working with either a sole realtor or a group, but both methods offer advantages and disadvantages for...
- How to Pick the Right Realtor in Santa Monica?
- When thinking of selling and investing in a property in any city across America, most people will consider the price tag first. If they feel like they can afford the cost, they move forward with putting down a deposit to secure the listing deal. Thereafter, the next concern would be whether they should hire professional help or go it alone. While some homeowners decide to list their properties themselves, many prefer hiring experts who specialize in this field. And while this isn’t always true, many sellers believe that having the assistance of a pro agent would increase the chances of getting a higher offer than those without representation. However, there are other aspects that buyers consider before making a decision on whom to work with. Here we discuss 5 factors that every buyer needs to keep in mind when selecting an estate agency.
1. Experience Matters A lot
While many agents boast high prices, it does no good to sell homes or condos for less than market value because their service and experience won’t match theirs. In fact, it could harm your sale in several ways. First, a bad reputation makes customers wary. Second, the agency could lose interest as soon as they find better offers elsewhere. Third, the seller could face backlash if their house sells below fair market value due to poor negotiations and communication issues during escrow processes. Finally, a lack of professionalism in dealing with prospective clients could end up damaging the image of their business in general. So, if you want to avoid these troubles when selling your home or condo, get recommendations from friends and family members. Or you can use online listings to check reviews. You’ll see whether potential candidates are well versed in negotiating deals with multiple parties. They’ll show you which ones provide comprehensive packages that include everything required for the transaction. Also, look closely at how they handle client feedback because that indicates how attentive they are.
2. Quality Of Service Is Important As Well
Another aspect of quality customer services involves the level of attention given towards both buyers and sellers. Some agencies might charge extra fees to cover costs associated with escorting tours and helping them prepare the paperwork. However, you’d want to ensure that your preferred firm takes care of everything from preparing documents through closing procedures. Moreover, some firms take advantage of their position to make unfair demands. For instance, they demand hefty deposits and ask their clients to pay upfront for expenses involved in handling the sale. On top of that, they often fail to deliver promised services, which can result in lost sales. So, when considering realty agents in Santa Monica, CA, you must pick someone with a stellar track record, especially since they represent clients.
3. Communication Skills Matter Most
To put things in perspective, you wouldn’t send your kids to school without knowing a bit more about how they perform academically. Likewise, you expect your children to learn certain lessons at home. But when shopping around among different agents, you shouldn’t settle just because your first choice happens to be closeby. Instead, seek referrals from trusted acquaintances who already had dealings with similar companies. Once you narrow your search, focus on finding the ideal candidate who knows how to communicate clearly with his/her counterparts. Ask...
- How much do Real Estate Agents make in Santa Monica?
- There are many factors involved when choosing the perfect real estate agent. When it comes to pricing though, things tend to get really complicated. Here's everything you need to consider when shopping around.
1. Time Frame And Experience Is Everything
One thing I've learned after working hundreds of listings is that timing matters. If they're trying to sell right now, expect them to be willing to work longer hours than normal, especially if it's something big like listing a single family house. They'll put themselves under pressure because they know someone else wants this property. Don't take advantage of this fact; negotiate fair compensation upfront and agree upon an hourly rate beforehand.
2. Work From Your Home Or Remotely On A Website Like Zillow
If you own a business, chances are you already use Zoom or Skype — both great tools that allow you to connect virtually to clients. But it would help if your client could see what's going on during a showing, which is why remote viewing websites exist. For example, Realtor.com lets agents show homes remotely. Some people prefer seeing houses online instead of actually being present when they come through, but some people simply appreciate having face-to-face conversations. Either way works well, just figure out what you're comfortable with and go for it.
3. Ask About Their Referral Program
An experienced real agent will most likely have a good network of other professionals they'd recommend, whether or not those people specialize in real estate. These referrals typically carry significant weight with buyers — even if the referral doesn't sell anything yet, their word should still count for quite a bit. So if the person they refer turns out to be a good match, then the agent gets credit for connecting the buyer to his friends' networks without ever putting himself out there. These types of relationships usually come along naturally once he's established himself as an honest and reliable professional because no one's afraid of offending his peers.
4. Consider A Few Types Of Compensation Options
Most sellers and first-time home owners opt for either full commission only or flat fees with different payment terms depending on whether the sale happens quickly or takes months, years, etc. Typically speaking, sales close quickly, making commissions easier. Flat fees often involve paying monthly installments until the transaction is complete (usually 12 to 18 payments). While these options sound fine in theory, it depends entirely on the market conditions. Prices are high enough to keep demand elevated, meaning a seller who offers a below average deal won't attract attention and thus won't reap benefits from offering it. Conversely, prices aren't high enough to allow sellers to offer better deals, leaving money unearned while potential profits sit unused. Make sure to discuss these possibilities with your realtor, otherwise you'll lose valuable opportunities.
5. Learn How Much Property Owners Spend Monthly
Knowing the amount properties spend per month helps determine how long that mortgage will take. Knowing that makes it possible to provide meaningful estimates of what price range you might realistically see sold for within certain timeframes. Also, knowing what type of property is being bought and sold tells us a lot about the current housing situation in Riverview. Do you live in a neighborhood where properties regularly move in six figures...
- What do good Santa Monica Realtor's do?
- There are many different ways to sell or buy property, including through a traditional agent who represents only one brokerage firm, or through online agents that work primarily in multiple states. Whichever route you decide upon depends largely on which type of buyer/seller you're trying to reach, but some general guidelines apply across the board. Here, I'll go over those first, then dig deeper into specific types of buyers, sellers, and areas of Santa Monicohomero.
In my experience, most people will find themselves dealing mostly with realtors representing just one agency, usually referred to as "Bigger Brothers". While these brokers often have great reputations, they typically aren't equipped to effectively negotiate terms that benefit both parties in every situation, especially since the bigger brokerages generally tend to represent large numbers of homes or condos, while smaller agencies typically specialize in working with individual clients. If you're considering selling with a Big Bro, ask them specifically why they feel this way -- is it because they believe that's all they offer? Or is it simply because they happen to be larger than everyone else they've ever worked with? Either answer could indicate whether they're willing to take advantage of you in negotiating terms. A better way to approach things would be to see if their local area has an association that offers referrals, like a Better Business Bureau. If you want to stay away from BBB complaints, try contacting other associations instead; if your neighborhood isn't represented, consider starting your own.
If you're interested in going it alone, there are plenty options available online nowadays. Most services charge per transaction rather than hourly--a fee structure similar to online marketplaces like Craigslist, eBay, HomeAdvisor, and Angie's List, though some charge extra for certain types of listings or properties. As far as finding someone reputable goes, there really isn't any substitute for getting recommendations from friends and family, so take care selecting a service. Make sure you understand each listing contract thoroughly, read reviews, check credentials, and pay attention to the quality standards outlined in each company's policies.
When it comes down to it, there's no single solution that fits every person, so use whatever method makes sense for you personally, regardless of size.
Buyers & Sellers
Buying Property When Buying Home
A common complaint among homeowners is that realtors tend to focus too much on making quick transactions. They tend to work harder on closing deals faster than actually negotiating fair prices or terms that meet your needs. If you're planning on moving into a house or apartment soon, you should absolutely get in touch with several brokers to help you shop around. But keep in mind that if your goal is to purchase quickly and move on, don't expect to receive top dollar or to get your hands fully dirty until after you've signed papers and moved in. Your realtor's job is to protect your interests, not necessarily yours alone. And if that means spending some serious energy helping you save money along the way, so be it. Just remember to communicate clearly with him or her about your timeline. Don't assume anything.
Sellers should be aware of the fact...
- Picking the Top Real Estate Broker in Santa Monica
- As a seller, selecting professional help is crucial towards achieving optimal results as well as maximizing the sale price of your property. If hiring the services of a local agent isn't enough, consider picking among several different choices of agents who specialize in different areas of the market (for example, buyers' agency, sellers', and those dedicated specifically to short sales). The fact is that most real estate markets today offer multiple options for potential clients to connect with professionals, but which ones should you prioritize given your needs?
In order to find the perfect fit for your specific situation, follow these steps and see which realty firm suits your requirements best. Your next move is to research reviews written by people just like yourself -- this will allow you determine whether a broker's reputation matches his/her personality. Also check online forums, ask friends and family members, visit the brokers office, read news articles and blogs about them, and pay attention to recent activity. Finally, be ready to conduct some preliminary meetings with prospective brokers prior to committing to hire them; ideally, you'll meet in person once or twice during pre-contract negotiations with each candidate to get a feel for their personal style, communication capabilities, knowledge of the area, attitude toward negotiation, client focus, and willingness to provide honest feedback regarding the overall experience. [IMAGES REMOVED BY BLOGGER TO PROTECT IDENTITY OF PROSPECTIVE AGENTS.]
[NOTE FROM THE AUTHOR]: I am sharing my story of buying a house in this city because I believe every buyer deserves to hear someone else's side of things while making their purchase decision for a first-time homebuyer. Hopefully after reading this you will gain valuable information and insight in finding the right realtor based on YOUR expectations (and desires.)
After doing my own homework through researching potential candidates, meeting each prospect face-toface, discussing their unique qualifications and asking pertinent questions pertaining to their experience, education, training and expertise, and listening carefully to their answers, I was able to narrow down my choice of 3 leading contenders. However, the search wasn't completely closed until I conducted further interviews by phone with 2 more potential agents who came highly recommended by other satisfied sellers. My final pick ultimately turned out to be "the guy" who I felt had the greatest combination of relevant skill sets, positive energy, honesty, integrity and dedication to serving me personally and professionally. So far, I'm delighted with the outcome. And when the time arises for us to sell again, hopefully he'll represent me successfully once again... ;-)
For anyone considering getting involved as a Realtor®, keep in mind that being a good representative requires both technical proficiency when it comes to marketing properties effectively and interpersonal abilities related to building relationships with customers. Both sides of the job involve specialized skillsets, including strong customer service, effective communication, problem solving, creative thinking, negotiating ability, good judgment, patience and professionalism. [IMAGES REMOVED BY BLOGGER TO PROTECT IDENTITY OF PROPOSED REALTORS]. A great team player would be another attribute to look for in a top performer. Lastly, remember that being represented by a skilled agent will save you thousands in fees and commission costs since they do all...
- Update: California's Real Estate Market in 2022
- If you're thinking about moving to Florida, this comprehensive guide will help you decide if moving in the Sunshine State is right for you -- including how to buy a house and find the perfect agent. Whether you live nearby, or you've decided you should move down south because you love living near the ocean, there are tons of things to consider before making the leap. For example:
What type of house would you like? We've broken down some options for buyers who are just starting out; whether they prefer single-family homes or condos; plus things to watch out for when searching for a rental property. And while many people choose to rent during the summer months, the winter market isn't exactly warm either -- meaning renting might be less appealing once the weather gets cold.
Where do I settle? There are plenty of neighborhoods across the state, each offering something different. Some areas offer great schools, while other communities boast beautiful beaches and gorgeous scenery. Take inspiration wherever you see fit. Here's one way to break down potential locations: Start with your top priorities -- Do you need good school options or proximity to amenities, places you'd enjoy visiting often or working? Then narrow it down further depending on which criteria matter most to you. Check out the map below, which includes information gathered from Zillow, Trulia, Walk Score and Yelp reviews -- all available online for quick reference.
How far away am I willing to drive? Most people spend hours every day commuting on average, but how long does it really take to get around town? Is an hour commute feasible for you? Or does 20 minutes sound closer than driving 3 hours daily? Factor in gas prices and parking availability, and you'll end up with a better idea of how close everything is. Don't forget to factor in other factors, like traffic congestion or accessibility for emergency services.
Which neighborhoods do you like best? While real estate agents always say "location, location, location," knowing the insides and outsides of a particular area goes beyond just finding a place you love. A neighborhood can vary drastically in terms of safety and amenities, making them easier or harder to navigate without prior knowledge. But don't worry about getting stuck somewhere if you don't feel entirely happy -- most cities provide maps that show detailed info. Plus, the city website offers details on community events, schools, parks and shopping centers as well -- giving you an overview of local culture and activity. Find a link to these sites under Neighborhoods & Resources tab above.
If I'm considering selling my current residence, what's the next step? One big consideration before deciding on listing your existing home involves timing -- namely, if you're planning on staying put or leaving soon anyways. If you won't be sticking around for longer than 5 years, then waiting until you sell could save thousands, especially since the housing downturn. On the flip side, if you want to leave sooner rather than later and plan on taking advantage of higher sales prices, putting your home on the market early could pay dividends. Of course, there's no definitive answer -- only educated guesses -- so talk to friends and neighbors for recommendations and visit websites that include listings and photos to learn more. Once you're ready to begin the...
- Award Winning Santa Monica Pre Construction VIP Agents
- When most people imagine finding the perfect agent when they move across town, they immediately jump to thinking “whoa whoa, this will take weeks I am way behind with my schedule if I find someone today.”
What happens next is often times just like that scene when you see a cop walking his dog. He stops mid-stride… takes off running towards you because he sees you have left something outside for him to walk around. A few seconds pass, then he returns back to picking whatever you lost.
In reality though, hiring a qualified realtor shouldn’t be that tough. Once again, you’d be surprised how many people fall into common traps while searching for a good real estate agents. Here are some examples of those traps:
Too Many Options Too early
Many homeowners end up wasting a lot of time in front pages scrolling down through thousands of listings trying to figure out which ones are worth paying attention to. At first glance these homes may seem appealing but after spending enough time researching them; you realize you won’t fit into one of your neighbors lifestyle and needs.
Not enough Reviews
One thing that’s extremely misleading online is reviews. If everyone says great things about a listing, chances are it was posted through an agency website. Unfortunately most agencies aren’t transparent enough for their clients to make educated decisions when reviewing other people’s experiences. So, just keep reading reviews carefully and ask questions about specific issues before agreeing to purchase anything that looks suspiciously shady or too good to be true.
Unreasonable Prices/Negotiating Skills
Some sellers feel the pressure once they decide that they would rather pay more than get less. They believe that negotiating will help them win over buyers so they offer ridiculously higher asking prices. The problem with this attitude is that many sellers just don’t understand negotiations very well. Asking a buyer to come and view your home knowing full well you are willing to negotiate may work, however, that tactic isn’t going to happen every single day.
Listed For Less Than Their Value
This is probably one of the scariest mistakes made during the housing crash. Some Realtors listed homes for $10K-$15k under market value. These agents failed to research property values thoroughly and simply relied on quick cash sales to fill their bank accounts instead of investing heavily in long term relationships with potential buyers. The result was obvious… houses sold below their current fair market price making the investor happy until their properties tanked in value and had to sell fast.
All in all, the most effective strategies for finding a qualified real estate professional involves getting recommendations from friends, family members or acquaintances in the real estate business. Ask the person providing referrals whether that agent does excellent work for their own personal clientele. Find out as much information as possible about their track record including past sales numbers, feedback received regarding customer service, quality photos used in advertising and overall experience working together. Lastly, remember to check how long each agent has been practicing real estate services which helps determine their skill level.
- Top California Home Selling Real Estate Agents
- There’s no way around it; hiring a professional agent makes sense whenever a sale is involved. But why should that be true? Why does this happen? And what does it cost you when you hire someone who isn’t actually working for you?
To begin, understand just what a “real estate agent” really entails. An REALTOR® is licensed by states—and sometimes municipalities—to act as agents for clients interested in either purchasing homes or properties for investment purposes, listing them for rent or sale, or finding rental housing opportunities for tenants. These professionals work through intermediaries (brokers), most often referred to as Realtor®, while representing sellers and buyers, respectively. They charge anywhere from six percent (6%) to twelve percent (12%) commission fees to represent a client during a transaction.
This fee structure varies across many factors including type and size of property being purchased or sold, location, square footage, mortgage status, and other characteristics. Fees usually range somewhere between eight percent (8%) to ten percent (10%) depending on those parameters. When combined, these fees form part of the total sales price paid to the seller.
In recent years, however, commissions for services rendered have continued to rise significantly, which leaves some homeowners wondering whether they can afford to pay a realtor's fee without compromising other aspects of the purchase experience. Is a lower priced product enough reason to go without help from an experienced realtor? Absolutely not. As a buyer, the answer would be a resounding YES!! If you aren't having problems with things like communicating concerns regarding repairs/renovations, negotiating an acceptable offer, or getting answers to questions about the market, then you're probably good.
If you were a homeowner, you'd hope that your realtor was able to provide support in all areas related to maintaining your quality of life inside and outside the house. However, if he or she wasn't providing assistance with anything beyond simply handling the contract details, wouldn't you consider shopping elsewhere? Unfortunately, despite the fact that the average consumer spends less than seven minutes reading online reviews prior to a decision made, many consumers fail to realize that the people making recommendations online are unpaid reviewers. Reviews can also come from multiple parties, meaning that the information presented is subjective and potentially misleading. Consumers must therefore take care to read both positive and negative comments carefully. A qualified realtor should always be viewed in context because his or her role will impact every aspect of the experience.
So, if a lower priced alternative fails to include key items on the checklist above, is it worth paying less in order to save money only to suffer additional stress due to communication breakdowns caused by unqualified service providers? Not necessarily.
[IMAGES: Logo image of XONDO.]
One thing everyone wants to avoid is a bad deal, especially after spending thousands of dollars to find a place to live and settle down. At the end of the day, it pays to spend wisely, and that requires understanding exactly what's going on.
Before engaging anyone acting as a representative of a potential buyer of a property, ask yourself why it needs attention. Have you already found something else you feel more comfortable with...
- Breaking the Standard of Santa Monica Real Estate Sales
- If you’re selling property and planning to use a Realtor, then this article will help you determine which agent will be most suitable for you. There are many factors to consider, and some agents offer services beyond just listing properties for sale and finding buyers. Some brokers are good negotiators who make sure to get top dollar for your asset while other professionals focus on providing exceptional customer service to sellers. In order to find a perfect fit for both buyer and seller during the negotiation stage, it takes careful research.
When searching for the right Realtors, keep in mind that there are multiple types of people who sell houses—and they all need different things. Here are the basic questions to ask yourself when deciding whether XonDo Group should represent you and why.
How well does the broker fit my needs?
If you prefer someone who stays close to business hours, offers quick responses, and has experience working with a diverse clientele, it may mean going outside your comfort zone to seek professional assistance. However, having reliable support could ultimately save you thousands. A professional negotiator can provide invaluable insight to ensure maximum profit, avoid costly mistakes, and negotiate effectively in front of potential purchasers. While you still need to hire an attorney, professional negotiator helps streamline the entire legal aspect, leaving only the negotiations part. And because these experts work closely with lenders, banks, and escrow companies, they can ensure everything gets handled smoothly. When negotiating, remember that the first person through the door always wins. So if you’re trying to get the highest price possible, make sure you go in prepared. For example, take time researching comparable sales in your area. Also, try contacting past customers for referrals to see what value they place on similar homes in your neighborhood. These tips will allow you to prepare ahead of time so that you can confidently present what makes your house unique, making you stand head above every competitive bid.
Why do I need a professional Realtor?
While a skilled negotiator can help save time and cash, hiring a professional Realtor provides additional benefits like being able to leverage technology, market knowledge, and local expertise. Technology plays a big role in today’s marketplace; however, without the proper training or background, it would be a huge mistake to assume you know enough about digital tools, websites, apps, listings management, and online advertising. Having access to a comprehensive team that uses cutting-edge technologies gives buyers peace of mind knowing that they’re getting exactly what they paid for. Realtors may also possess industry information that gives them valuable edge over competitors. They understand trends, current developments, and consumer preferences, which translates to higher demand throughout the community. Lastly, a professional Realtor knows the ins and outs of the region and the specific neighborhoods, helping clients identify the areas they love and avoiding ones that aren’t conducive to living.
Which type of buyer am I?
Knowing a little bit about your prospective buyer will better position you for success when you decide to put a listing on the MLS, and it’s especially true during pre-listing meetings. Understanding their financial situation and their lifestyle—whether single parents are raising young children,...
- MLS Santa Monica or Bust? Reasons to List With Us ($$$)
- When deciding which agent should help you sell/rent your property in Santa Monica, CA, you have several options available to you. There are many local agents to select from; however, some will be better than others depending upon who you ask.
We’d like to offer a few tips that could prove useful during this decision making stage and hopefully save you from wasting hours, days or weeks trying to pick the perfect listing service for yourself and your investment properties.
First things first—what type of client would you ideally love to work with? Is it someone who wants to get the most value possible for every dollar spent while still maintaining control over the sale? Or does he or she simply wish to find an ideal match? If you fall into the former category, then it probably makes sense to go with a company that specializes exclusively in helping clients achieve those kinds of goals. However, if you fall more towards the latter side, you will probably benefit from working with a listing agency that offers both services. Either way, it’s good to know exactly what you’re getting into and why before making that final selection.
Second, if you are planning on purchasing a home in Santa Monica, CA, then you will undoubtedly run into the same question that everyone else runs into—who should I work with? Should I hire a local real estate professional who knows the market well, or should I opt for a large national firm that knows everything there is to learn about the area? Again, these decisions depend entirely on what sort of experience you prefer. Do they provide high quality customer service? Will they have the tools necessary to properly manage my listings? Can they handle multiple projects simultaneously without getting stressed and burned out? And finally, who will be handling the transaction itself—the buyer or seller? These questions are crucial because the answers will ultimately shape how you view each agency.
Thirdly, how long you intend on keeping the house for will impact whether you choose a local professional or a larger national firm. For example, if you will live there only until next summer before leaving, then it might make sense to use a local broker since their knowledge of the neighborhood and surrounding areas is unparalleled. Conversely, if you plan to spend months on end living elsewhere and only come back occasionally, a larger firm may be a better fit for you. Regardless, you need to consider what you expect in terms of your experience while on location versus the amount of effort you’re willing to invest in order to make it happen.
Fourth, you must always keep safety and convenience in mind. How comfortable do you feel being around strangers? Would it bother you if the company had no local presence whatsoever? How well equipped do they seem to be with all the latest technology? Is their website easily navigable and intuitive? Does their office space seem inviting? All of these factors play into how you ultimately decide which brokerage to partner with for your Santa Monica, CA real estate needs. Ultimately, you just need to figure out how you personally prefer to conduct business, and that’s when you can begin narrowing down your choices.
Fifth, if you decide to use XONDO, we recommend you take advantage of our exclusive referral...
- California's 5 Best Santa Monica Home Reselling Tips
- Selling Your Riverview Property in 2019 was probably a breeze. After all, most agents had a solid understanding of your area, market trends, local MLS listings, and other pertinent info.
But things will be different next spring/summer. And while some areas of the country still offer great resale opportunities, in 2019, buyers had little problem finding homes they wanted to live in. So, you'll face a whole host of new obstacles in trying to sell this property in 2020 or beyond — and it's going to take a different approach than in past years. Here are five key strategies that could help ensure your listing goes through without a hitch.
1. Be prepared for fewer offers and longer sales cycles.
When sellers put properties up for sale during a strong economy like 2018, buyers usually come calling quickly. But with interest rates near historic lows and job growth slowing across many markets, the competition for available homes is fierce. As a result, buyers often have to wait months or even years until the perfect house finally hits the market.
So, while you're preparing your home for sale in early February or March, consider taking inventory measures to get ahead of your competitors. If you've already updated photos or added amenities, it can pay dividends down the road when you find yourself facing less competition and can price accordingly.
2. Focus on the details.
Even though your home looks beautiful, buyers aren't always impressed by a fancy kitchen island and granite countertops. They care more about your neighborhood's overall appeal, which includes things like street visibility, walkability, nearby parks, schools, shopping malls, and restaurants.
To find a buyer who appreciates these factors, focus on improving them first. Start by removing clutter, repainting rooms, updating bathrooms and kitchens, adding curb appeal, and spiffing up landscaping. These small changes can go far toward making a home feel welcoming, comfortable, modern, and upscale — three attributes that typically attract serious buyers.
3. Don't forget to price correctly.
In addition to making updates that improve your home's appearance and value, it helps to keep a close eye on prices. When selling your home, you should aim to stay under asking, or "list," price. If you're willing to accept offers well below asking, you increase your chances of getting top dollar on closing day. This tactic isn't just good negotiating practice; a study conducted by Redfin found that nearly half of all homes sold above asking.
4. Consider staging.
If you haven't used an agent yet, don't worry — you won't miss anything crucial. Most Realtors specialize in specific niches like single family houses, condos in beachfront neighborhoods, and luxury estates, but even experienced brokers can benefit from having someone else handle the heavy lifting during showings and negotiations. By enlisting the services of a professional stager, you can save valuable time and avoid costly mistakes — both big issues for sellers. For example, stagers can advise homeowners about potential upgrades (like paint color choices), suggest ways to clean and deodorize common spaces, and even stage entire homes for optimal presentation.
5. Use technology wisely.
While many of today...
- How To Ensure A Bidding War When Selling Your Home In Santa Monica California
- If you’re wondering why home sales tend to be sluggish lately, then we’ve got good news for you because things will get better soon.
In fact, according to recent statistics released by Trulia, property values increased by 0.6% nationwide since November 2018 — and this growth may continue, especially among coastal cities like Los Angeles, San Diego, Sacramento, Seattle, New York City, Boston, Philadelphia, and Washington D.C..
But what happens in those regions doesn’t always translate across state lines. And while most places see positive signs, some areas still haven’t recovered after crashing during recession years earlier than others. So before you sell, find out which markets could be ripe fruit for buyers.
If you are thinking about putting your house on the market in an area that isn’t doing well, make sure you check out local trends first. Then, consider adding a couple extra touches to make homes stand out against similar listings. For example, try updating bathrooms, kitchens, and landscaping.
Finally, be ready to wait until there’s interest, says Michael J. Silverstein, CEO of Coldwell Banker Residential Brokerage Co. “Don’t expect to receive multiple offers immediately, but don’t be discouraged either. Take a realistic approach to setting expectations and making yourself available during showings.”
[IMAGE: How does the housing market look for 2020?]
For instance, take note of these key indicators. According to CoreLogic, a provider of comprehensive information services on consumer credit, U.S. household debt grew 10 percent through February 2019—a higher pace than the 7 percent annual gain seen prior to 2007. The average amount owed per borrower rose 1 percent from December 2017 to January 2019 due largely to a rise in auto loan balances, as many people took advantage of lower rates to lock in financing for cars.
Meanwhile, total mortgage activity fell 3 percent from a year ago amid rising inventory levels and slower refinancing, says Freddie Mac, which tracks housing finance transactions. But overall, lenders added 2 million loans worth $3.4 trillion of new outstanding debt in Q1 2019, with nearly half—$1.2 trillion—for multifamily properties like apartments and condos. Still, the latest numbers reflect weaker demand across most types of mortgages. As a result, prices are continuing to fall, as measured by Case Shiller indexes measuring 30 metropolitan areas. Meanwhile, the National Association of Realtors reported in March that existing-home sales declined 5.7 percent annually in 2018, marking the lowest rate of increases in almost a decade. Sales dropped again in January 2019 and economists predicted further declines in upcoming months. With fewer purchases happening, sellers often aren’t moving quickly enough to capitalize on price drops and remain in contract longer than usual. That can delay closings, thus dragging down price appreciation.
Another factor slowing the market could be tighter lending standards. Mortgage companies tightened requirements for borrowers who sought conventional loans in late 2016. At the same time, banks reduced risk appetite following high-profile defaults associated with subprime mortgages a few years earlier. These actions left less capacity for new...