Responsibilities of a Real Estate Agent

Thousands of people get a real estate license each year, and for some reason, hundreds stop using them. Real estate agents often work for hours for a client searching for the perfect house for them, or trying to sell a house without finding a buyer or someone who asks to see the subject home. Learning and using the proper characteristics can add to success in real estate.

When you meet a new client, it is polite to offer picking them up in your car and driving them to look at each house for sale they have chosen to see, or they may prefer driving to the houses and meeting you there. If you furnish transportation for them, you should also see they get home safely. If you are selling a property for sale, or an apartment for sale in the interest of a client, you should give the client a call as early as possible and let them know so they can tidy up the home and have it ready to show. These little acts of courtesy are a great help for clients who are trusting you to sell their property.

It is also polite to call the home owner within a day or two and let him know whether the possible buyer was interested, or if perhaps they might make an offer.

Do not let people use you to the point of walking over you, but keep in mind that you should be dedicated to your client, which may mean caring for their vacant house for rent. Or it could mean checking out homes all over the area, since your client is in another state and is unable to travel to look at many houses when they are in your town.

Getting organized is extremely important, as you realize by now that real estate is based on laws that require much paperwork to keep up to date, deadlines to write reminders for, and appointments to record. You will be able to serve your clients well if you have a system that will help you keep organized. Being organized is important to serving your clients especially well. You might even have a condominium to sell at some point.

You must be motivated and have a passion for selling real estate. You cannot sell real estate simply because you enjoy houses. They will eventually become less interesting and you will imagine what’s inside from looking at the outside, especially an apartment for rent. You should enjoy completing deals and dealing with many different people, discussing, and the organization of the whole process to really enjoy your work.

Whether you come across property for rent, auction property, or a bungalow, self motivation is important, and you need to get up and get going in all types of real estate. You have no boss to guide you, and no strict schedule that dictates where you should be and when. You must follow your ideas and leads, then follow up on them and realize the sale as your own.

 

Factors That Decreases Property Value

In our current economy it is difficult to sell a home individually or on the “real estate market”. No one would want to put their “property for sale” and make the selling of their home or “property” any more difficult by doing things unintentionally that would decrease their property value and also decrease their chances even of selling their property. Property owners who want or need to sell their property want to do all they can in to make their property’s value increase. One big thing that will decrease your property value and may prevent you from selling is the neighborhood. If there are many “house for sale” signs or foreclosure signs in yards this will bring your property value down, as these homes no doubt will lack the ownership care enhancing neighboring homes. Where there are empty homes there many times is found squatters and vandalism of the empty homes. If there are too many homes in the neighborhood that you are considering that have signs saying “apartment for sale” or “apartment for rent“, beware that rentals in itself will drive down your future home’s value. A noisy neighborhood is another big factor, such as is it near an airport where planes are flying over the homes at all hours? Is there a local fire department, police department, a hospital, or a long term care facility near by? Is the home located on a very busy street or noisy highway?

Other things that may decrease property value are:

. High crime rate in the neighborhood
. Sex offenders in close proximity to your home
. How many homes in the neighborhood are in disrepair
. Are there empty businesses near the home
. How near is the home to public services as this will increase value
. Bright and gaudy paint on walls
. Gaudy wallpaper or badly applies wallpaper
. Broken or peeling floor tiles, or badly stained rugs
. Cracked walls with bad replastering of cracks
. Outdated lighting fixtures
. Outdated wiring and plumbing
. Clutter on the outside property, and neglected lawn, garden and or flower beds
. Clutter inside the home or a dirty home
. Offensive home odors, such as pet or smoke odors
. A dirty and unkempt home
. Installing cheap storm windows
. No or little insulation or insulation plugs on outside walls that have not been covered
. Poor roof repair
. High property taxes
. Leaky basements, cracked foundations, presence of black mold
. Badly settled foundation

There is no better way to invest one’s money then in the real estate market. But, one must be very careful and look at all the things that can drive put property on a downward spiral, causing the investor to lose much of their investment, such as cheap and tacky home improvements.

Finding the Perfect Home: Part 2

Continued from Finding the Perfect Home: Part 1

Bedrooms

How many bedrooms do you need for your home? You will need to make this consideration based on the number of people who are staying with you. Typically, a lot of people missed out on this point due to budget and location, and the normal, average number of bedrooms which a home has is three. Is it enough for you?

The decision can be very personal. One couple, for example, decided that they will need a bedroom for themselves, a bedroom for the wife’s mom, a room where the couple may share as a home office for the husband and a study for the wife, and of course a couple of bedrooms for the children. Also, the husband also promised a special prayers room for the wife due to the different deities which they worship in terms of religious needs. You may imagine that this couple may need a bungalow which has at least five rooms, and the AV room converted into the prayer room for the wife.

Bathrooms

This seem to be trivial, but in reality, it may mean a lot in the long run. You may have children who need to get to school, clashing their bathroom times with you when you need to rush for work. If you have only one bathroom, you need to time yourselves very well just to be sure that your child and you will not be late for school or for work. Also, couples might even be fighting with each other each morning for the use of the bathroom, which is not going to be healthy for the relationship in the long run.

Number of Storeys

Usually, single storey homes in Malaysia has a standard of three, maximum four, bedrooms, with the option of probably two bathrooms. For houses which are two storeys or more, there can be the options of up to, maybe five bedrooms. Sometimes, you might want to be sure that you have a proper bedroom (not a maid’s bedroom) on the ground floor if you have elderly parents living with you, if your house is two or three storeys high.

These ideals which will make your perfect home should be thought about, and carefully decided when you search for a house or apartment for sale. Let’s not shortchange yourself in the process.

Finding the Perfect Home: Part 1

Anyone can afford to be choosy when it comes to picking a new home. Whatever your relatives or even the real estate agent says, you should never think that your budget is too low to allow you to get a perfect home for yourself. Of course, you need to be realistic and not hope to get a landed property with a boutique swimming pool in the garden if your budget is only helping you get an apartment, but you might actually get an apartment with a swimming pool as part of its facilities.

When you start looking for your perfect home, make a list of the things which you must have in the house as the most basic criteria so that you will not miss out on some of the most important things you must have in the house to make your truly satisfied with the purchase. Your list will be different from the list which your colleague or best friend make, because it is your own desires, your individual demands.

Location

You may start by deciding whether you want your home to be within the city centre or in the satellite towns nearby. What lifestyle are you looking for? It depends very much on whether you are a city dweller, or you would prefer a more relaxed lifestyle after work hours. The satellite towns or suburbs are generally cheaper than if you were to pick a home in the city centre, but it will probably mean more commute time for you to and from work. It may also mean that you are probably a little further away from restaurants, schools and shopping malls. However, staying in the city centre is probably a little noisy especially during weekends, and it can have higher crime rates too.

Price

Very often, your budget is a huge consideration. It is all about how much downpayment you can afford, and how much loan you can get from the bank. Get yourself pre-qualified by speaking to the banker, see how much the bank is able to provide you based on your income. This will help you maximize on how much money you can spend on buying property for sale.

With the budget ready in mind, you can then start to shortlist the homes based on the pricing and the location which you already had in mind. Very often, homes on the roads in front of busy, noisy streets may actually be cheaper although it may also resell at a lower price too. If your bedroom is going to be facing the streets, you might also get lesser quality sleep.

Stay tuned for Finding the Perfect Home: Part 2

Johor Property Prospects; Like a Goldmine Waiting to Be Discovered


Malaysia’s three decade adventure of transforming itself from a simple agricultural nation into a manufacturing and heavy industries superpower is one good example of a successful backwater nation-economic powerhouse metamorphosis. The country’s diverse economic makeup together with its uncanny ability to draw foreign investments fueled by Japanese investors are attributes that promises a strong growth rate for decades to come. And in the center of all these is Johor, strategically located south of Malaysia. Also known as the “Abode of Dignity”, Johor became the recipient of the Iskandar Development Region (IDR), poised to become the country’s most developed and sustainable region by international standards. The IDR sits directly in the center of Asia’s burgeoning economic growth centers such as Hong Kong, Shanghai, Tokyo and that of India and its neighbors.

Because of this, land development and influx of labor had already commenced operations in Johor, including those minor value-added industries and the offering of neighboring Indonesia’s enormous labor resources to fulfill that vision of growth in the region. The government is giving its full support in the implementation of the plans, management coordination, financing and regional promotion to guarantee IDR’s success.

The work generated by the Iskandar Development Region which was launched late in 2005 propelled the increase in economic activities that translated to the rising demands for the housing sector, especially in the Tebrau and Skudai regions. The Johor Property market woke up after suffering setbacks from the recession and is now nurturing confidence stimulated by improved conditions and the economy bouncing back. All of these became possible due to the introduction of infrastructure by the IDR. Literarily, all businesses and property acquisitions activities are now pointed at Johor. It is prepared to profit from the continuing infrastructure projects which will be sustained in the future.

Now, Johor had become a common household name because of the ever-increasing number of valuable property projects, with some of them already in the implementation stages. In the private sector, huge projects like the $5.15 billion South Key on the former Majidi camp site and the Lido Boulevard Development, together with the state government’s long-term development projects by its investment agencies, are now molding the new image and value of the Johor Property.

With the way the trend is going, properties in Johor are very promising. The potential for growth and development is too great to devalue. Thanks to the intervention of the IDR, these properties will become like goldmines in the very near future.

Johor property gets boost from Iskandar M’sia


WORK on Iskandar Malaysia over the past year has led to an increase in economic activity that has boosted demand for housing, particularly along the Skudai and Tebrau corridors, according to a property market report.

The property market in the southern state emerged from a hiatus in the second half of last year on growing confidence fuelled by improving economic conditions and expectations of a strong rebound.

But a key element for Johor property has been the rolling out of infrastructure in Iskandar Malaysia.

The special economic zone ‘dominated all business and property-related airwaves in 2009’, CH Williams Talhar & Wong (CTW) said in a report. ‘The area that stands to benefit from on-going infrastructure works will continue to show promise.’

Although launched at the end of 2005, development of Iskandar Malaysia was held back by the recession and the tipping point for the zone is now expected to be reached around 2011-2012.

Increasingly, Johor has hogged the limelight for the growing number of prestige property projects that are in various stages of implementation.

Private sector projects, derailed by the global financial crisis, are starting to come on-stream and a number of them are of enormous scale. They include the soon-to-be launched RM12 billion (S$5.15 billion) South Key project on the previous Majidi Army camp site and the RM4 billion Lido Boulevard development by Central Malaysian Properties.

The state government, through its investment agencies, has stakes in both long-term developments, as it does in most major projects in the state.

Also on the drawing board is a trade and distribution hub to be located in Iskandar’s Eastgate Development Zone. Developer Malaysia Pacific Development has said the RM1.6 billion trade and expo park will be Asia’s biggest.

The state is also looking at proposals for a couple of billion-ringgit oil facilities – a refinery at Teluk Ramunia near Kota Tinggi and a deepwater petroleum terminal facility at Pengerang. Environmental impact reports are now being studied.

Danga Bay also has its fair share of projects, including the RM650 million Oakwood Residences and Iskandar Residences on which work started last year. And 10 days ago, Australia’s Walker Corporation unveiled plans for a RM1.7 billion waterfront project, stretching from Danga Bay to the Lunchoo River, to be modelled on the Hope Island Resort on Queensland’s Gold Coast.

CTW said a key development last year was the relocation of the new state administrative centre to Kota Iskandar in Nusajaya, where a number of prestige projects, including international theme parks, are being constructed.

While CTW director Danny Yeo believes Johor commercial real estate to be a better bet, he has said that people buying property to live in, especially near Nusajaya, have little downside if they choose the right projects – waterfront, good security and developers with a good track record.

Even so, perhaps because of oversupply issues from previous years, CTW generally does not see prices rising in Johor Baru this year. Other than retail, which it sees slipping, it expects the office, shophouse, residential, industrial, hospitality, development land, and agricultural segments to be flat.

By Pualine Ng IN KUALA LUMPUR