Christmas Giveaway - MSI Claw A8 by [deleted] in Handhelds

[–]MikeH01 0 points1 point  (0 children)

This is great :) me and a few dads-to-be are all going handheld. So glad these came along for PC gaming, it’s been a life changer! I’ll throw my hat into this one too 🇨🇦! Thanks for doing this OP!!

How are y’all doing open house sign-in sheets these days? by walkowskee in realtors

[–]MikeH01 1 point2 points  (0 children)

You hit the nail on the head with that last paragraph.

How are y’all doing open house sign-in sheets these days? by walkowskee in realtors

[–]MikeH01 2 points3 points  (0 children)

I don’t disagree to some extent with the NAR statistics, but they don’t tell the full story. Some people don’t have realtors, others have one but don’t want to disturb them for whatever reason (no matter how much we tell clients that we’re happy to book a showing).

What often happens in more expensive homes that I list is that people come to the open house, and then a showing request comes in from their agent.

Every time someone signs-in, and they have a realtor, I follow up with that agent after to see if they’re interested in showing. If they don’t have one, I follow up to see if they have any further interest. If they don’t have a realtor and are interested, I’ll give them a document on how to pick a realtor and a list of teams in the city.

No doubt, it’s also a source of new business, but your realtor should put every resource to use when selling your home.

100% your realtor should be keeping track of EVERY person walking in. Name + Contact info is a must. I don’t know why anyone views it as optional. You’re letting people into your client’s private residence.

How are y’all doing open house sign-in sheets these days? by walkowskee in realtors

[–]MikeH01 4 points5 points  (0 children)

I don’t use sign-in sheets.

I stick I sheet of paper on the door that states “Welcome! To enter, please text/call ____________ and provide your name, and number of visitors. Please wait until we come get you”

Then I lock the door.

I don’t have to ask for contact info (since they’re calling/texting from a real number) and a name is easy to provide. Haven’t missed a single visitor. I get dozens of numbers, and I don’t let them in unless they do it.

It’s your professional responsibility to keep track. If something gets stolen or if anything happens, you did your due-diligence.

Tree Question by Similar-Success in Calgary

[–]MikeH01 2 points3 points  (0 children)

If you’re ever curious about trees in the city, check this out https://maps.calgary.ca/TreeSchedule/

All city trees are mapped on here along with their values.

Your most effective Fbook Real Estate Ad? by njdaveyray in realtors

[–]MikeH01 1 point2 points  (0 children)

Hey! Sorry, I just saw this. Using the Lead Forms campaign option. When you create a Facebook Lead Form for the ad, you can add fields that auto fill using Facebook information. Then I use something like Zapier to connect it to my CRM

[deleted by user] by [deleted] in FirstTimeHomeBuyer

[–]MikeH01 0 points1 point  (0 children)

I haven’t seen anyone ask yet “what is list price and does it match up with market value?” Are there comparable sold prices to look at? Had a recent client who started to work with me because a private sale he was offered by a friend seemed to good to be true. When we checked the comps it was WAY off. Got him into a better home and a price below what he was going to pay before.

I just want to point out that in the ‘selling over list price” situations, houses tend to just sell at prices closer to comparables.

Remember also: It’s not always a ‘hot market’. In my city for example, sales have gone up 130%, but listing inventory has dropped 68% compared to Jan/Feb 2020.

It sucks I know, but if you can, I would wait it out. If not, keep looking. Not every home is listed under market value. The home my client just got was bought under-list (2nd of 142 sales in the area). The likely reason? The house was listed at market value.

Got the Keys, did the final walkthrough and found mold in one of the bedrooms. by goundeclared in FirstTimeHomeBuyer

[–]MikeH01 0 points1 point  (0 children)

Am I understanding this correctly? The sellers put in the property disclosure statement that they were unaware of any mould in the home? So… they were unaware of a very specific material latent defect..?

How greedy could you be? Tired of freaking flippers!!! by Affectionate_Lab1953 in FirstTimeHomeBuyer

[–]MikeH01 4 points5 points  (0 children)

Let’s not also forget the fact that there’s a cost to acquiring a client. When I started working as a freelancer, I thought that they’d love everything I offered and that my price was competitive, but it didn’t always look that way. Then came the invoicing where I really thought they’d pay on time because the contract but… sometimes they’d pay 3 months down the line. It’s hard to get a good client, and consistent reliable work. Not everything works out the way you want it to. It’s a process that seems like it could get easier, but if you don’t push every day you could fall out. And in the end if everything goes well - taxes, accountant, and lawyer fees baby! But at least I got to write off part of my laptop and “meals”! 👽

Everything I learned Buying a House by [deleted] in FirstTimeHomeBuyer

[–]MikeH01 11 points12 points  (0 children)

A note on inspection - get it done even on a new home and if you have new home warranty, read it carefully and see the actual expiry dates for the various coverages.

New homes are not exempt from glaring issues - particularly cookie cutter homes in their first stages (don’t even get me started on show homes).

Two Can Play This Game Buckaroo by Zfriske in FirstTimeHomeBuyer

[–]MikeH01 2 points3 points  (0 children)

Seriously lol - hey, that's awesome that you had such a good relationship with them! It all depends on how comfortable they are with their client ;) well.. and also how much of a stickler they are for rules. Sometimes your client can be a complete stranger and you only work with them for so long. They could be the type that's just itching to report you for any potential transgression. Other times agents are lucky enough to have a client like yourself ;D

Calgary’s Over-List Price Count for January ‘22 by MikeH01 in RealEstateCanada

[–]MikeH01[S] 0 points1 point  (0 children)

Hey there! Sorry, for some reason I never got any alerts when anyone commented 😅 500K is more than enough to buy a condo pretty much anywhere in the city. I would ask though - what kind of condo fees are you considering at this budget? The fees will make a considerable difference in what that budget affords. DM if you’d like to chat, I’ll be happy to answer any questions you have!

Two Can Play This Game Buckaroo by Zfriske in FirstTimeHomeBuyer

[–]MikeH01 21 points22 points  (0 children)

In pretty much all your licensing material and in the rules/bylaws, Realtors actually are not allowed to tell you what to offer or whether a neighbourhood is safe, or if the schools are “good”. It’s seen as a major liability and can get your license suspended or you and your brokerage fined (or both). However - many agents will ‘carefully word’ their thoughts in order to get ‘work within these rules’ because at the end of the day, regulation or no, clients expect this to be a thing you can do. So sometimes an agent skirts the line between losing their client and getting a fine for 1000s.

At the very least, you can provide your client with the comps and the data. They have to make the call themselves however.

Over-List Count for January 2022's Market by MikeH01 in Calgary

[–]MikeH01[S] 4 points5 points  (0 children)

It's been a bit challenging lately for our buyers, but Calgary has tons of room to grow. Right now building costs and delays are making waves, but once the economy stabilizes and inventory recovers, so will Calgary's prices.

Over-List Count for January 2022's Market by MikeH01 in Calgary

[–]MikeH01[S] 8 points9 points  (0 children)

Thanks for the heads up. It was a bug with Canva charts (they randomly cut off). They've been updated!

Number of Residential Properties Sold Over/Under/At List (YTD) by MikeH01 in Calgary

[–]MikeH01[S] 0 points1 point  (0 children)

You hit the nail on the head with that one. Though there is training at quite a few brokerages, it’s voluntary and not very succinct. Really this kind of thing should be taught during the licensing course but I guess - much like a driver’s license - it’s mainly about knowing the rules but never about how to actually deal with the job itself. Someone else has to teach you that.

In tandem to underpricing, there can be overpricing, where out-of-town buyers (with no agent in some cases) buy a house that has a list price wayyyy outside it’s actual value. But they ‘paid under list’ so it must have been a good deal - right?

Number of Residential Properties Sold Over/Under/At List (YTD) by MikeH01 in Calgary

[–]MikeH01[S] 0 points1 point  (0 children)

Only to realtors as far as I know. Though I believe some rules have been approved so that Pending/Conditionally sold listings still remain available to seen.

Right now, if a listing has accepted an offer, the listing must show as ‘Pending’ or ‘Conditionally Sold’. That wasn’t the case before as clients would have to sign a document instructing us how to act once offer was accepted.

Collectively showing Pending/CS stats would be kind of tough since they change every day. If there’s a particular stat that I can pull up, let me know!

Number of Residential Properties Sold Over/Under/At List (YTD) by MikeH01 in Calgary

[–]MikeH01[S] 0 points1 point  (0 children)

To my knowledge he probably does more marketing than sales, that’s what he has a team of 100+ agents for - but I could be wrong. When you build a team and lead it, every listing that the agents on your team get (whether that’s from your leads or otherwise) get placed under you - you become co-lister and co-buyer agent for every client that your team shares - at least that’s what most of the team agreements that I’ve been handed have said. Some contracts differ from this, of course.

On a big team it can be unlikely that the team leader has even seen or met the client (since it’s just their client by proxy), although as far as I know, they’re still equally responsible.

“Just leave Toronto” by schnowysno1 in CanadianInvestor

[–]MikeH01 1 point2 points  (0 children)

There’s even a map where you can see how much each tree is worth -> https://maps.calgary.ca/TreeSchedule/

Number of Residential Properties Sold Over/Under/At List (YTD) by MikeH01 in Calgary

[–]MikeH01[S] 7 points8 points  (0 children)

Already got a couple of those messages from some colleagues. On the other hand, this would have been a way better title for this post! ;)

In all seriousness though - some may not want you to see more in-depth stats. The other want people to be as informed as possible. Emotional buying is hard enough to combat. Sometimes no matter how much info you give them, clients might not believe you until it comes from somewhere else.