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	<title>Author Bio &#8211; Real Estate Agent Magazine</title>
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		<title>How Real Estate Agents Can Stand Out in a Highly Competitive Marketplace</title>
		<link>https://realestateagentmagazine.com/how-real-estate-agents-can-stand-out-in-a-highly-competitive-marketplace</link>
		
		<dc:creator><![CDATA[Ed Brittingham]]></dc:creator>
		<pubDate>Mon, 26 Jun 2023 17:42:42 +0000</pubDate>
				<category><![CDATA[Real Estate Career]]></category>
		<category><![CDATA[Author Bio]]></category>
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					<description><![CDATA[With more than 1.6 million licensed real estate agents in the United States, competition to win the listing or bring in the buyer is fierce. And the booming housing market is only making the landscape more competitive.  According to the National Association of Realtors (NAR), between 2020 and 2021, more than 156,000 new REALTORS® joined [&#8230;]]]></description>
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									<p>With more than 1.6 million licensed real estate agents in the United States, competition to win the listing or bring in the buyer is fierce. And the booming housing market is only making the landscape more competitive. </p><p>According to the National Association of Realtors (NAR), between 2020 and 2021, more than 156,000 new REALTORS® joined the profession—nearly 60% more than in the previous two years. As independent contractors, real estate agents can’t just sit around waiting for buyers and listings. If an agent doesn’t sell the home or submit the winning bid, they won’t make any money, so it’s incumbent on them to connect with prospective buyers and sellers, provide value and stay top of mind throughout the sales cycle and beyond.</p><p>I’m one of the 156,000 REALTORS® who joined the industry at the height of the pandemic, earning my license in November 2020. Though I’m relatively new to the industry, I have a long history as an entrepreneur and business owner—first as a private investigator and then as the owner of a multi-location dry cleaning business in Michigan. Whether selling dry cleaning services or putting people into new homes, I’ve always focused on helping others, which has allowed me to build a loyal customer base in every business (I’ve even helped put some of my former dry-cleaning customers into new homes).</p><p>While it’s not always easy to ensure you can foster relationships with customers, past and present, there are ways to continuously stay top of mind for those about to embark on their home-buying journey. Here are several ways that real estate agents—and other professionals—can build long-lasting relationships to stand out and grow their businesses:</p><h2>Educate and Add Value</h2><p>Buying or selling a home is always a big decision. For first-time homebuyers, the process can feel frustrating, especially in the current market, where low inventory is leading to a highly competitive bidding process.</p><p>It’s my job to provide as much information as possible so that when buyers or sellers are ready to move to the next phase, they’ll have all the information they need and will be more likely to reach out for help. I start by actively sharing market-specific news on my social media channels.</p><p>Once I begin working directly with a client, I walk them through the process and expected timeframe. If a buyer is interested in a home, I encourage them to place a bid, so they can better understand how the process works. The current market is highly competitive and, though it can be frustrating, it’s important for buyers to stay in the game.</p><h2>Have a Trusted Team</h2><p>As a real estate agent, I am like the quarterback of my client’s team, and it’s my job to help coordinate the various members—lender, home inspector, title company, etc.</p><p>When working with a client, I always suggest that they speak to several lenders. This is similar to the process many of us have when buying something new – we are always trying to find the best price and something that feels comfortable. Buying a home is just as big of a decision. Purchasing a home is typically the biggest transaction a person will make in their lifetime, and it’s important that they get a sense of the various options so they can feel comfortable with their decision. The same is true for their choice in real estate agents. While I’d love for every client to want to work with me, they should interview several agents and choose the person best suited to their situation and needs. I always caution buyers from using the agent on a Zillow listing, as that person represents the seller, and buyers should have a separate professional to represent their fiduciary interests.</p><h2>Use Technology to Stand Out</h2><p>Real estate is a people business. If you want to be successful, you need to go out of your way to connect with people and stay top of mind. I have found that technology can help with that.</p><p>One of my colleagues turned me onto <a href="https://www.cardsnacks.com/" target="_blank" rel="nofollow noopener">CardSnacks</a>, a platform that makes it easy to send ecards and gift cards. I’ve been a paid user for a while now, sending out cards to my sphere of influence for birthdays, anniversaries and holidays and as a thank you to buyers and sellers after a meeting or listing appointment. I’ve found it provides a memorable touchpoint. I also use them as a networking tool. Recently, I went to a real estate convention where agents were passing out cards to connect on out-of-state referrals. Instead of handing out a business card—which no one looks at anyway—I sent customized cards to all the agents. It’s a great way for people to remember &#8220;that guy from Michigan.&#8221;</p><p>In addition to ecards, I use other technology to stay productive. For example, when I’m taking a call in the car, I use AI to record it and save as notes in my CRM, which helps me stay organized and on top of potential follow-ups or work I need to do for a client.</p><p>Though technology is a great tool for standing out, real estate agents and other professionals must also remember the basics. When you’re in a business that serves people, it means putting people first and doing what’s right. I’ve had clients come to me after a previous agent refused to submit an offer because the bid was too low, and they didn’t want to take time in the evening to put the offer together.</p><p>If you’re in the business of selling houses, your job is to get people into a home, not look at the price point. I once sold a house, sight unseen, to an out-of-state buyer in Lansing, MI, which is a three-hour round trip drive from my home. I showed him the house via Zoom and then submitted the offer. After closing, my client drove to my office to pick up the keys, and when he got to the house, he called to say it is exactly how I explained it and perfect for his family. For me, that was the best part of the entire experience—not that I earned a commission but knowing that I found a family the right home.</p><p>The best real estate agents know that success is not transactional; it’s about helping people. If you come from a genuine place, you can easily learn the rest along the way.</p>								</div>
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									Ed Brittingham								</div>
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									Ed Brittingham is a REALTOR® in Sterling Heights, Michigan, serving the Detroit Metropolitan area. He is a Veteran of the United States Army, having served as a Military Police Officer/Investigator for nearly 10 years. He is committed to providing his clients with the highest level of service and has a passion for helping people achieve their real estate goals. Ed is also a former business owner in Clinton Township; he owned and operated Dry Cleaning Avenue and Cambridge Dry Cleaners, serving the local community for over 14 years.								</div>
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		<title>Clarity Around Closing Costs Comes With Transparency From the Start</title>
		<link>https://realestateagentmagazine.com/clarity-around-closing-costs-comes-with-transparency-from-the-start</link>
		
		<dc:creator><![CDATA[Eric Bramlett]]></dc:creator>
		<pubDate>Fri, 05 May 2023 14:03:26 +0000</pubDate>
				<category><![CDATA[Real Estate Advice]]></category>
		<category><![CDATA[Author Bio]]></category>
		<guid isPermaLink="false">https://realestateagentmagazine.com/?p=5452</guid>

					<description><![CDATA[As all agents know, regardless of locale, sky high mortgage costs are keeping many buyers out of the market. However, alleviation may be coming as home prices are expected to decline a bit this year (yet supply will stay low) and mortgage rates are projected to drop some next year. Still, buyer closing costs can [&#8230;]]]></description>
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									<p dir="ltr">As all agents know, regardless of locale, sky high mortgage costs are keeping many buyers out of the market. However<a href="https://www.businessinsider.com/personal-finance/best-mortgage-refinance-rates-today-monday-may-1-2023-5" target="_blank" rel="nofollow noopener" data-auth="NotApplicable" data-safelink="true" data-linkindex="0">, alleviation may be coming as home prices are expected to decline a bit this year (yet supply will stay low) and mortgage rates are projected to drop some next year</a>. Still, buyer closing costs can vary wildly, elevate quickly and be difficult to understand – no matter the economic situation. Educating buyers early in the <a href="https://bramlettresidential.com/buy/buying-process/" target="_blank" rel="nofollow noopener" data-auth="NotApplicable" data-safelink="true" data-linkindex="1">buying process</a> on rates, home price fluctuations and broader closing costs paves the way for a smoother home-buying process and helps them anticipate things that seemingly add up in the path to closing.</p>

<h2 dir="ltr">Lender Fees a Sizable Chunk</h2>
<p dir="ltr">A good way to break it down for buyers is by costliest fees, which is almost always the lender fees. Agents can guide clients to reputable lenders who will work closely with them to find the best fit for their financial situation.  These can range from 0%-2% of the purchase price, and the same lender may offer different fee structures depending on loan specifics. A decision buyers must often make is whether they want a higher interest rate with lower fees or a lower interest rate with higher fees. Since interest rates increased substantially in Q2/Q3 2022, buyers are now considering rate buydowns, which cause these fees to go up beyond 2% and even to 3%-4%.</p>

<h2 dir="ltr">Prepaid Expenses and Escrow</h2>
<p dir="ltr">Next are prepaid expenses, which can appear as closing fees but are actually expenses buyers pay no matter what like property taxes and insurance. Best to prepare buyers early for these expenses and pay through a popular escrow account. This strategy will ensure that there are no surprises to the buyers and no misunderstandings as to what these fees are. Other closing costs include things like escrow fees and appraisal fees. These vary depending on location and other factors, but they&#8217;re generally not a significant expense.</p>

<h2 dir="ltr">Negotiating Who Pays</h2>
<p dir="ltr">One essential step upfront is determining which party will pay the broker fee. The broker fee is historically paid by the seller, but in rare cases, the buyer may absorb this cost. There is a <a href="https://www.reuters.com/legal/us-real-estate-brokerages-must-face-home-sellers-class-action-over-commissions-2023-03-29/" target="_blank" rel="nofollow noopener" data-auth="NotApplicable" data-safelink="true" data-linkindex="2">lengthy class-action lawsuit against the National Association of Realtors </a>that could considerably disrupt this situation by requiring that buyers compensate their agent while sellers compensate their agent.</p>
<p dir="ltr">One thing that buyers may not realize is that they can also negotiate to have the seller pay some or all of their closing costs, yet, this can come at the expense of a higher home purchase price – essentially &#8220;rolling these fees into” the price of the home. For instance, instead of asking for $5,000 off the price of a home, the seller pays $5,000 in fees. The total cost to the buyer is the same. It&#8217;s essential to work with an agent who understands the pros and cons of these approaches and determine the best transactional strategy.</p>

<h2 dir="ltr">Clarity Comes with Expertise</h2>
<p dir="ltr">Buyer closing costs can seem complicated, but with the right guidance and education, buyers and their agents can navigate the process successfully. Ultimately, working with a real estate agent who has experience in the local market will help ensure there are no surprises during the closing process around fees and costs, even amidst our country’s changing real estate financial landscape.</p>								</div>
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									Eric Bramlett is the owner of Bramlett Residential, a top performing real estate brokerage in Austin, Texas. Widely regarded as an industry innovator, Eric has developed new systems and proprietary technologies to help his agents gain efficiencies and become industry leaders. Eric is a multi-year Austin Business Journal Residential Real Estate award winner and has career production in the top 1% of agents in the United States.								</div>
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		<title>Myth-Busting the Value of Solar Panels in Real Estate Sales</title>
		<link>https://realestateagentmagazine.com/myth-busting-the-value-of-solar-panels-in-real-estate-sales</link>
		
		<dc:creator><![CDATA[Eric Bramlett]]></dc:creator>
		<pubDate>Wed, 12 Apr 2023 22:31:39 +0000</pubDate>
				<category><![CDATA[Real Estate Trend]]></category>
		<category><![CDATA[Author Bio]]></category>
		<guid isPermaLink="false">https://realestateagentmagazine.com/?p=5311</guid>

					<description><![CDATA[Homeowners reap significant savings from solar, often as much as mortgage costs. Why aren’t we telling them?  Conventional wisdom in the real estate industry is that homeowners with solar panels will not see a return on their investment – ever. But agents should refuse to accept this and, instead, learn to market a home’s solar [&#8230;]]]></description>
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									<p><em><strong>Homeowners reap significant savings from solar, often as much as mortgage costs. Why aren’t we telling them? </strong></em></p><p>Conventional wisdom in the real estate industry is that homeowners with solar panels will not see a return on their investment – ever. But agents should refuse to accept this and, instead, learn to market a home’s solar panels to prospective buyers not just around clean energy but around the significant cost savings – something that seems to be forgotten.</p><h2><strong>The Cycle of Misinformation </strong></h2><p>Agents are taught that solar panels have a 0% return from appraisers. Solar panels are not commonplace (yet) so it’s often an edge case when agents have to price a home with solar panels. Because there are relatively few properties to use as comps, agents turn to appraisers who educate them that “solar panels have a 0% return.” This is a self-perpetuating cycle because agents educate other agents on what they have learned, who then instruct sellers and buyers on other homes for sale: “Solar panels have zero value on a residential property.”</p><p><br /><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9718058322367604" crossorigin="anonymous"></script><br /><ins class="adsbygoogle" style="display: block; text-align: center;" data-ad-layout="in-article" data-ad-format="fluid" data-ad-client="ca-pub-9718058322367604" data-ad-slot="6506584785"></ins><br /><script>
     (adsbygoogle = window.adsbygoogle || []).push({});
</script></p><h2>The Reality: Reduced Cost of Home Ownership</h2><p>The reality is that solar panels significantly reduce a homeowner’s cost of home ownership. Yet the problem remains that agents focus too much on the cost to install the system, rather than the amount of money the system will save the homeowner. The cost to own a home not only consists of PITI (mortgage, taxes and insurance), but also energy, water and maintenance. Since solar panels reduce or eliminate a homeowner’s energy cost, they significantly reduce cost of ownership.</p><p>For example, one of our firm’s clients in Austin, TX, installed solar panels and their calculations are that they reduce cost of ownership by $400/month. This is a larger system than the average at 13kW, so this system has above-average results, but the average system in the United States should save consumers $67 to $323 per month, according to EnergySave.</p><h2>Stop the Cycle with Accurate Calculations and Effective Marketing</h2><p>An agent should ask themselves, how can I best market these solar panels? By converting energy into cost of ownership savings and converting cost savings into a mortgage equivalent.</p><p>Let’s consider our client’s home. Our brokerage, Bramlett Residential, serves the Austin, TX, market. The average home in Austin is roughly $650,000. The average home in Austin with a solar electric system similar to our client’s will have the cost of ownership of a $585,000 home. When mortgage rates go down (and we all hope they do) the comparable cost of ownership savings go up. On average, their solar panels will save $400 per month in energy costs. $400 per month at 6.5% is just under a $65,000 mortgage, so their solar panels will save the next buyer $65,000 in purchasing power. If/when mortgage rates drop to 4%, the cost savings are comparable to $85,000 in purchasing power, so lower rates means a greater cost of ownership savings!</p><p><br /><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-9718058322367604" crossorigin="anonymous"></script><br /><ins class="adsbygoogle" style="display: block; text-align: center;" data-ad-layout="in-article" data-ad-format="fluid" data-ad-client="ca-pub-9718058322367604" data-ad-slot="1195667918"></ins><br /><script>
     (adsbygoogle = window.adsbygoogle || []).push({});
</script><br />Yet our brokerage recommends sellers price their solar-powered homes comparably to homes without solar. The reason is, while the value is clearly there, the education to the broader market is not – yet. We recommend that, instead, agents highlight the cost savings in the marketing remarks that are syndicated across all real estate portals.</p><p>Our solar marketing package includes a PDF that highlights the solar home and the cost savings, along with the calculations that get us to those savings. We upload that PDF to the MLS and mention it in agent remarks. We also leave a hard copy at the home and include a digital copy in the listing photos online.</p><p>At our brokerage, we have leveraged these steps to get multiple offers and sold prices far above asking. By appealing to the buyer’s wallet, it becomes more palatable for the person to pay a higher price when the baked-in cost savings from solar panels have been well communicated.</p><h2>Marketing Solar Cost Savings Must Become Commonplace</h2><p>As weather becomes more severe across the United States and electrical grids more vulnerable, interest in solar power will continue to rise amongst consumers. This is an opportunity for brokerages to adopt these marketing strategies and commit to making them commonplace so that buyers understand and accept not only the significant cost savings, but also the opportunity to tap a clean energy source.</p>								</div>
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									Eric Bramlett is the owner of Bramlett Residential, a top performing real estate brokerage in Austin, Texas. Widely regarded as an industry innovator, Eric has developed new systems and proprietary technologies to help his agents gain efficiencies and become industry leaders. Eric is a multi-year Austin Business Journal Residential Real Estate award winner and has career production in the top 1% of agents in the United States.								</div>
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		<title>Another Realtor Revenue Stream</title>
		<link>https://realestateagentmagazine.com/another-realtor-revenue-stream</link>
		
		<dc:creator><![CDATA[Stuart Gethner]]></dc:creator>
		<pubDate>Fri, 01 Dec 2017 16:43:18 +0000</pubDate>
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		<category><![CDATA[Phoenix]]></category>
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					<description><![CDATA[Stephanie and I love living in the Kierland Commons neighborhood, especially in the summer time. That’s when all the snowbirds are gone, and we can finally enjoy the restaurants in our own neighborhood! We can&#8217;t really complain though because we have created another revenue stream for ourselves as agents. We own three vacation rentals, two in [&#8230;]]]></description>
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									<div><p>Stephanie and I love living in the Kierland Commons neighborhood, especially in the summer time. That’s when all the snowbirds are gone, and we can finally enjoy the restaurants in our own neighborhood! We can&#8217;t really complain though because we have created another revenue stream for ourselves as agents. We own three vacation rentals, two in Scottsdale and one a stones-throw from the stadiums on the west side. And, boy, does $$$ from a vacation rental beat a typical rental property.</p></div><div><p>As you probably know, a vacation rental is the renting out of a furnished apartment or house on a temporary basis to tourists as an alternative to a hotel. </p></div><div><p>Did you know investors getting into the vacation rental business need your services?</p></div><div><p>The biggest corporate player is Expedia, as they own Hotwire, Home Away, Vacation Rentals by Owner, Trivago, Travelocity and Hotels.com. And there are other’s, such as Airbnb, Priceline and TripAdvisor to name a few more.</p></div><div><p>However, Evercore, a banking investment firm, estimates the global vacation rental market to be $100 billion, with two-thirds of the market “for rent by owner.”</p></div><div><p>That means two-thirds of investors entering our Valley’s vacation rental business need your help.</p></div><div><p>There are too many ways to detail in this article, so let’s just go over a few.</p></div><div><p>As a real estate agent, you can help the prospective investor find a suitable property as not every house or condominium is a good fit.</p></div><div><p>Many Homeowner Associations, for example, do not allow rentals in their subdivision. This one restriction makes a property undesirable where an investor has not the slightest clue.</p></div><div><p>One of our vacation rentals is located in The Vintage off Hayden &amp; Shea. This Homeowner Associations allows short-term rentals in one-month increments. In other words, we cannot rent to a family for the weekend or even a couple of weeks. Educating your investor as to these parameters makes you an invaluable resource to the investor’s team.</p></div><div><p>Then there’s the investor that already owns a rental property and is contemplating turning it into a vacation rental. Another area where REALTORS® can dominate is educating the investor as to neighborhood trends and undesirable locations. Just because the property is “close to” a stadium or rodeo grounds does not make it desirable.</p></div><div><p>Once the property is purchased, the real work begins. Referring your investor to trusted repairmen for updates, upgrades and addressing deferred maintenance makes you, again, an invaluable resource. And guess what happens to your business once you start referring business to others?</p></div><div><p>Because each property owner has his or her own deposit and payment requirements, cancellation policies, key-pickup procedures, etc., a guest contacts the property owner directly in order to book.</p></div><div><p>Do you know a staging company that likes referrals? This new vacation rental now needs to be furnished! Remember what happens to your business once you start referring business to others?</p></div><div><p>Once the property is “vacation ready,” finding the ideal renters is not as easy as putting the property on those aforementioned websites or Craig’s List. Showcasing the property and its unique features on the Multiple Listing Service provides tremendous exposure to local families looking for a staycation or housing for a family event, such as weddings and celebratory holidays.</p></div><div><p>Some travelers avoid vacation rentals for fear of what industry insiders call SNAD: “Significantly Not As Described”. Having a licensed REALTOR® on the team provides “street cred’ as you legitimize the property and its ownership to the potential vacationer.</p></div><div><p>At some point over time, markets and strategies change. When the investor is ready to sell their vacation rental might that be a desirable listing? After all, who knows the property, location, neighborhood and CCR’s better than you?</p></div><div><p>The vacation rental business is booming, especially in our Valley. Investors need REALTORS® to assist them in bringing their vacation rental to the market in the most cost-efficient manner. This one tributary accompanied by the ensuing referrals you provide will exponentially grow your referral base and income.</p></div>								</div>
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									Stuart Gethner								</div>
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									Stuart Gethner is a full-time business consultant in Scottsdale, Arizona. He facilitates real estate agent and investor workshops and shows how to immediately gain momentum for beginner’s and established business owners. For his free e-Book, “REALTOR Strategies to Work ON and NOT IN Your Business” go to StuartGethner.com/eBook.								</div>
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							<i aria-hidden="true" class="fas fa-phone-alt"></i>						</span>
										<span class="elementor-icon-list-text">480-443-4500</span>
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					<a class="elementor-icon elementor-social-icon elementor-social-icon-facebook elementor-repeater-item-8856f1e" href="https://www.facebook.com/StuartGethnerCC/" target="_blank" rel="noopener">
						<span class="elementor-screen-only">Facebook</span>
						<i aria-hidden="true" class="fab fa-facebook"></i>					</a>
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							<span class="elementor-grid-item" role="listitem">
					<a class="elementor-icon elementor-social-icon elementor-social-icon-linkedin elementor-repeater-item-d51df46" href="https://www.linkedin.com/in/stuartgethner/" target="_blank" rel="noopener">
						<span class="elementor-screen-only">Linkedin</span>
						<i aria-hidden="true" class="fab fa-linkedin"></i>					</a>
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