The 10 Most Common Mistakes Property Agents Make

While there is a tremendous potential to augment your income and work with a flexible schedule, a real estate agent needs to develop awareness of what is improper in his professional conduct. The success of a real estate agent gets enhanced when he avoids committing the common mistakes.

Communicate with clients

Many clients hold this grievance: agents are not prompt in responding. Text updates have made client communication easier and less time-consuming. Agents should develop the habit of opening up channels of communication to ensure greater transparency. Return phone calls from clients. Call them back within a reasonable time if you are busy with another client. Make them your priority – do not take them for granted.

Learn to refuse

Trying to please clients all the time is not the right approach. Summon the courage to say no to the overpriced listing that will lead to wastage of time and effort. You should choose clients who respect you as a professional and politely decline the domineering clients who want to deprive you of what you deserve.

Learning something new

As the real estate business is changing fast, it is a blunder if you are not ready to learn and adapt. Your strategy – learn more and earn more – should make you a student for life. For instance, Internet marketing techniques should be used to grow your business instead of banking on listings in newspapers. Not using them Internet means you are missing out on a lot of exposure.

Build relationships with fellow agents

You must build strong professional relationships with other agents who represent buyers if you want to succeed. Not having other reliable agents in your network means you lessen your scope of cracking a deal during negotiations.

Hire an assistant

Hiring the right assistant is an investment that pays rich dividends. Focus on what the agent delivers. Your stress level goes down, you spend more time with family and you get more business.

Say Thanks

In our hectic lives, we forget to thank those who help us to achieve success. Send a thank-you note to someone who referred you or someone who gave you business. Be grateful. Value their assistance. When you show gratitude, your attitude and the attitude of others will also improve.

Listen to your client

Many clients complain that the agent does not listen to them. You need to hear what their goals are. You need to know the payment mode and schedule they prefer, their terms and conditions, and their flexibility limit. Failing to listen to them is a critical mistake. After all, you are dealing on behalf of your client and he should have the satisfaction that the agent is operating according to his guidelines.

Professional pictures of the property

Not taking professional pictures of the property and the surrounding location affects its sales prospects. Posting reallocation and real site pictures of the property create a better engagement and generate more views. Highlight the features along with the property in order to get more queries.

Lack of funds

Like any other business venture, you need funds to survive and build your business. A funding source helps you stay afloat for a few months. It makes perfect sense to do a part-time job or seek a small personal loan before you decide to become a full-time agent. Unless you have financial support, the prospect of surviving in a tough, competitive market becomes a tad difficult. Moreover, it takes time to get your first big break. Dreaming of success overnight is not being realistic.

Business plan

Most property agents do not chalk out a business plan when they join this business. It is important to identify short term and long term goals and have a rubric and a timeline to achieve them. There should a proper outline of how to spend resources and derive maximum benefits.

Turn the situation in your favour with careful planning – by fixing the common mistakes most agents make in their business.

The Good Life With Homework

BUYING rural land to build a country lifestyle for yourself requires more specialised knowledge compared to purchasing a residential property.

If you buy an established rural property with an existing house and other structural improvements then a thorough expert inspection of each is recommended – just as you would if buying a residential property in a metropolitan area.

One of the challenges confronting people looking to purchase a rural property is to find out if the sale price is a reasonable figure.

You can research the value of a rural property in a few different ways.

One is to choose the area you wish to buy land and then monitor the asking prices of similar district properties and compare the types of improvements built on each.

As the turnover of rural property is not as frequent as metropolitan or suburban house sales you will need to be patient to track this information.

If you find the sale price of a bare block of land in a rural area you want to live then you are in luck as this figure will allow you to calculate a base figure per acre or hectare to use to compare the values of other properties with, or without, buildings.

Another step to consider is to look for a commercial database of sold prices of rural properties in the area you are interested in.

In Australia there are private companies that collect rural and regional property sales results and record the results in databases. These are commercial operations so trawl the Net and see what rural property sales research websites you can find.

Government departments in Australia record property sales results so this is another avenue to explore to research rural property sales results.

There are also a number of other practical matters to be aware of when purchasing rural land to build on as previous uses could have affected the land significantly.

Land that has been used to graze sheep can present the unsuspecting buyer with weeds they never new existed.

In winter inspecting a property grazed by sheep may present as land with short grass and sheep. In spring the same ground could turn into land with metre high weeds and grass hiding the same sheep.

Livestock will try to eat virtually anything to stay warm and so weeds and plant seeds can get excreted right across a property.

It could take years to control a weed-infested property especially if you are against using herbicides or if the ground gets saturated.

If you intend grazing livestock then think about getting a block of land that has high and low country.

One advantage of having higher and lower paddocks is if floods occur then you have got somewhere to put stock. A high point on your land offers more wide ranging the views too.

In summer lower country with some strategically located mature shade trees can offer stock some comfortable places to camp.

In Australia giant red gums growing on rural land indicates an abundant source of water is occasionally available on that land.

Red gums need plenty of water to survive whether it is flood water or subterranean. So if you see mature red gums thriving on a block of land you know this is a property where plenty of water is going to occur above or below ground sooner or later.

Tree plantations in strategic spots across a rural property are beneficial for the land and stock. Mature trees located to deflect prevailing harsh wind and weather will improve growing conditions on a rural property.

When you purchase a property in the country do what the early Australian pioneers did – camp on it for all four seasons before you choose where to build any structures.

After you have owned your land for a while you will get to know the prevailing wind directions, different soil types, identify boggy ground and springs and learn if any other natural phenomenon occurs on your new property.

You can then get a reasonable idea on where to build sheds, form laneways, situate rainwater tanks, dig dams and locate essential services such as underground power cables.

Do you want to buy a property near a forest? Forests are lovely to walk through and admire but when there is a drought they are fuel for bushfires. Forests are also havens for vermin. Foxes, feral cats and dogs kill livestock.

Australian forests can become havens for native fauna and in some areas mobs of kangaroos will compete with livestock for food. Wombats can dig huge burrows on a property and undermine roads.

If you want to live next to or in a forest be aware you will have to protect any trees, vegetables or flowers you plant with suitable fences. In Australia many kangaroos can jump 2 metres vertical from a standing start!

So ask people who are already living in an area you are researching so you can get an idea of what to expect and what to avoid it if you choose.

A parting thought for some of the more senior members of our society who may like the thought of going country.

People inevitably get physically affected as they age.

This should not discourage people who are mature from owning and living in a rural environment.

Instead you should ensure you are within a reasonable driving time to a larger regional centre that can provide various services including health care.

Find A Great Custom Home Builder: A Step-By-Step Guide

Building your dream home can be both a simultaneously exhilarating and stressful experience. Many first-time builders can feel at a loss when it comes to beginning the process. When you find the right custom home builder, however, most of the battle has already been won. Finding the right fit for you can be tricky, but not impossible, if you do your homework. It can require a little research on your part, but when you eventually step into a home made just for your family, it will be all worth it.

Determine your style

Know what you are looking for. Are you looking for a traditional farmhouse? Country living? French classic? Take every opportunity you can to learn what you want. Flip through magazines, drive through old neighborhoods and do your online searches. If you are uncertain as to what your style is, then consider your environment and your needs. Determine the size of home for which you are looking and the physical area in which you will build. To find a custom home builder that fits your needs requires you to connect with someone who specializes in the style you desire. It would not work out if you are looking for a classic mid-century style, while your builder specializes in modern urban homes.

Look online for contractor’s previous work

The best predictor of the work your contractor will conduct for you is the previous work of the builder. Ask for portfolios and models of previous homes. Look for ongoing projects in neighborhoods close to where you would like to build. Do not be afraid to request more examples of previous work. This is essential to the first step of feeling a connection.

Discern the reputation

Not all builders are equal: some are notorious for falling behind schedule while others shine in their ability to make homeowners feel like they are being heard. Of course, check with friends, neighbors and relatives for recommendations. Pay special attention to the complaints and praises of your acquaintances and be mindful of the critic’s own personality to determine whether the criticism is reasonable and legitimate. Check online sources, as well, including review sites. There are some good sites available that allow homeowners to rate builders.

Do your research

First, it is very important to check the licensure of a builder. To find a custom home builder that is reputable, you need to ensure that he or she is qualified. State regulations can play a part and certifications can indicate an adherence to high standards. Additionally, do not neglect to inquire after the insurance coverage. Home builders employ individual workers and outsource various stages of the building process. It is important to ensure that they are covered in case of liability, so that you, too, will not be financially at risk. The Better Business Bureau and local chambers of commerce can be good places to start for information.

Request your first meeting

Finally, just meeting in person can give you a good idea what sorts of things to look for. The process to find a custom home builder demands a great connection. You need to trust your contractor and feel at ease with the decisions you will make together. Never be afraid to ask questions and continue your search if you are not completely satisfied with your in-person experience.