Jeannie Niles Real Estate Investment
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Working With A Real Estate Broker
I own several properties out of my area, so decided to list them with another broker. I don’t feel comfortable working outside my area of expertise.
I have received quite an education……I’m thinking it should be mandatory for real estate agents/brokers to actually have a working relationship with another broker where they are the client. This certainly gives a new perspective on the broker/client relationship.
First of all, I have always been reluctant to contact my client(s) unless I have something specific, either negative or positive to tell them.
I have discovered I like hearing from my agent, even if it just to say hello. The personal contact is important. Of the three agents I hired, only one responded without my having to make an inquiry.
I have always found it awkward to relay to clients what I have been doing for them, especially when it didn’t produce the results I was hoping for. I never want to appear as if I’m bragging.
I found I liked hearing “what they were doing”. At least I knew they were trying new things and actively working to sell my property.
Two of the three agents I listed with never provided any information or contacted me after the initial agreement was consummated. Each time I had to be the initiating party for any communication.
Never Assume Anything! One of my listing agents told a potential buyer that the AITD loan I was suggesting was illegal and might be a criminal act! An AITD (all inclusive trust deed) is explained in detail in the Real Estate Finance Class that licensees are required to take.
I will never in the future worry about having too much communication with clients.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
