real estate agents – Page 3

Feeling Pain of Cooling Market, Good Real Estate Agents Create New Company #Entar

The Problem: Slowing property market combines with new services that eliminate real estate agents. Good for home buyers, bad for agents. — The Problem: Slowing property market combines with new services that eliminate buyer’s agents. Good for home buyers, bad for agents.

Downtown Los Angeles — Readers of the L.A. Loft Blog are privy to the behind-the-scenes creation of a new kind of real estate company coming to the area. As the Los Angeles real estate market cools, homeowners are snug and holding tight to their current residences. While few would ever shed tears for struggling real estate agents, the reality is that there are only about 1/3 as many transactions in Downtown L.A. compared to a few years ago. This results in nearly all real estate agents seeing a serious reduction in their overall finances, with many finding that they need to change their careers.

Real estate professionals also face a longer term issue of increasing technology and less need to use a real estate agent to purchase a property, thanks to iBuyer services that provide innovative ways for home buyers to see properties without the help of a buyer’s agent. Also, services that offer to buy the seller’s home quickly for cash, without the need to take months to market it on the agents’ MLS and elsewhere.

From 1960 to around 1990, the average commission was about 7%. Today, it’s falling toward 5%. Buyer’s agent commissions are about 2.5%, and appear to be headed to 2% or less, while listing agents often get a bit larger percentage of the commission pie at around 3%.

More and more listing agents are keeping all of the commission, offering to share nothing with the buyer’s agent.

This is all ok news for home sellers, but deadly for the careers of traditional real estate agents. | VIDEO

Entar Real Estate

The solution for the industry calls for real estate agents to provide more value using the latest technologies along with improved customer service to guarantee home sellers that their home will be sold at a price acceptable to them or the agent will buy it. This proposal has proven to be the most cost-effective for Downtown Los Angeles condo sellers, getting the urban home sellers more money ($16,760 more on average), a faster sale (44% faster), and a successful sale. The listing agent has a proven system that accomplishes these objectives, reason being that the broker has more than 4,365 buyers in their database looking for a home.

About 100 of the best local real estate agents are coming together, combining their best resources to create a new company, called Entar Real Estate. Downtown LA home sellers can take advantage of the newer, more powerful real estate company that guarantees home sellers better results while also guaranteeing to help the real estate agent earn $100,000 more than they made last year.

The new Entar Real Estate official launch date of October 2020 is a while off, but the good news is that the pre-launch is October 2019, and home buyers, sellers, landlords and agents can already get access to many of Entar’s features today from the Corey Chambers Team. Get free help by getting on the Entar radar — the new Entar Real Estate company interest list. Click the selection that best describes you or your goal:

BUYER | SELLER | RENTER | LANDLORD | AGENT

Moving to a bigger space? Get a free list of lofts over 1,500 Sq Ft. Fill out the online form:

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Some good real estate agents are going broke. — Good real estate agents going broke in the cooling L.A. real estate market.

Copyright © This free information provided courtesy L.A. Loft Blog and Entar.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Are you thinking of buying a Downtown loft? Are you dreading having to walk through strangers’ homes?

Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge, just like a great doctor or great accountant.

You want to deal with one of the best agents in the DTLA marketplace. To do this, you must be able to distinguish an average agent from a great one.

Here are the top 4 demands to make of your real estate agent when buying a loft:

1. Tell the Truth About the Price

When making an offer on the home you want to buy, make sure that your agent walks you through their plan for getting both the seller – and the bank – to accept that price. Too many agents will just take the offer that you suggest and then try to ‘work’ both you and the seller in the negotiating phase later. In a competitive market, you need an agent who is going to help you make the best ‘initial offer’ so that you stand out from the crowd. Every condo in today’s market must be sold twice – first to you and then to your bank.

The second sale may be more difficult than the first. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar properties in Downtown Los Angeles that closed recently) to defend the selling price when performing the appraisal for the bank. A red flag should be raised if your agent is not discussing this with you at the time of the original offer.

2. Understand Your Timetable

You will be moving into a new home. Whether the move revolves around the start of the new school year or a new job, you will be trying to put the move to a plan.

This can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. Your agent cannot pick the exact date of your move, but they should exert any influence they can to make it work.

3. Remove as Many of the Challenges as Possible

It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.

Remember: If you have an agent who was weak negotiating with you on parts of the purchase offer, don’t expect them to turn into a superhero when they are negotiating with the seller for you.

4. Find the Right Loft!

There is a reason you are putting yourself through the process of moving.

You are moving on with your life in some way. The reason is important or you wouldn’t be dealing with the headaches and challenges that come along with buying. Do not allow your agent to forget these motivations. If they discover something needs to be done in order to attain your goal, insist that they have the courage to inform you.

Good agents know how to deliver good news. Great agents know how to deliver tough news. In today’s market, YOU NEED A GREAT DOWNTOWN LOFT SPECIALIST AGENT!

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Request free information on Downtown Los Angeles neighborhoods, buildings and properties for sale and for lease. Fill out my online form.

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

Copyright © 2016 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Tag: real estate agents

Introducing Entar Real Estate