Your A New Agent in Nutley NJ & You Want To Pick A Brokerage, Heres Some Advice.

Are You A New Real Estate Agent in Nutley NJ? Before You Choose a Choose a Real Estate Broker, Know Your Needs and Theirs

Are you a new real estate agent in Nutley, Belleville or Clifton NJ? There are some things you should know before you decide which office to hang your licences at.

Too many new real estate agents think a real estate broker choice is primarily based on commission splits. It’s not all about the split, as the final in-your-pocket income has to do with many variable services provided by brokers.

It’s not all about the split!

New agents shouldn’t focus too much on the commission split aspect when choosing a real estate broker. There are so many services that are available from brokers and they may be things that you really need to get your start in the business. The end income result can be more in your pocket with a lower split depending on leads provided and service fees.

Determine your expenses so you’ll know what you need for income.

Before you can accurately compare the service offerings and commission splits of two real estate brokerages, you first should know your income needs based on personal expenses and projected new real estate agent business expenses.

Using the link to the free spreadsheet, get an idea of what you’ll need to survive and move your business forward. Then you have the knowledge to make better brokerage comparisons.

Compare Broker Lead Referrals With a Prospect Income Funnel Approach

Using the income funnel approach and the spreadsheet in the link, you can ask real estate brokers how you’ll receive leads and prospects. What are their projections for floor time leads, phone leads on up-time, web site leads, etc? Use these estimates to fill in your funnel sheet and see what income will come out the bottom.

As you’ll see, a 50/50 split in one place might be better than a 60/40 split in another based on the prospect leads you’ll be getting.

Mentoring and training mean more to some than to others.

Most new agents definitely need training in contracts, negotiating and procedures that are predominant in their market area. However, when it comes to sales/marketing training, or motivational things, your needs can be quite different than those of the next person.

Most Important, can you BRAND YOURSELF & Are you competing with the Owner/Broker for Listings?

Some offices will not allow you to Brand or build your book of business (which is very important) you will always be a “Buyers Agent” and not be able to generate your own leads and list homes, that is one model. Make sure your broker has no confilct of interest with the marketing area your office is in.

Do your research, Ask around town, Interview several companies and brokers before you start your new career.

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    The Fortifying Financial Nature of Home Ownership in Nutley NJ

    Home ownership in Nutley can be one of the most meaningful aspects of any person’s life. With a house and plot of land to call home, a family can feel secure, safe and comfortable. After a long day at work, a man or woman can relax in the solitude and quietness of their very own home. While those are all great perks of home ownership, when it comes time to pursue a loan of any kind, home ownership can show off one of its most valuable traits.

    Applying for a loan is much like applying for a job. After looking through the various types of positions available, you submit a resume and hope to get the call to come in for an interview. Your credit report functions much the same for a loan application as a resume does for a job application. A lender can see your financial history, current condition and forecast from there a level of risk.

    Just as a great reference can make your resume sparkle in the eyes of a potential employer, so too can home ownership make your financial history jump off the page for a potential lender. Home ownership implies a steady stream of income, financial stability, the intention to plant roots and most importantly, the ability to repay a sizable financial commitment. Naturally, missed mortgage payments can undo all of that benefit, so only a strong mortgage history will help you.

    When a home owner investigates taking out a loan, most will go straight for home equity loans that borrow against the equity built up in the home, and rightfully so. A home equity loan can be a great financial solution for those that need additional funds and provides a host of benefits, all of which are accessible because of the benefits of home ownership.

    Home equity loans, because they have the backing of a home, are available at lower interest rates and in greater amounts than unsecured loans that have no backing. Obviously, if you do not own a home, you are not eligible for a home equity loan, something that can be a vital financial tool used to keep a family afloat or pursue a new business or other dream.

    Of course, not everyone is thrilled with putting their home in jeopardy when pursuing a loan and unsecured loans fill that void. Contrary as it may seem, home ownership can be a great benefit in that circumstance as well. While you may not see the low interest rates and favorable terms possible through a home equity loan, the rates and terms for an unsecured loan can be improved greatly through home ownership.

    As a lender examines a particular person’s ability to repay an unsecured loan, a variety of traits are taken into account. For someone pursuing an unsecured loan without the benefit of home ownership, rates will be higher, payments will be more expensive and the loan term may be shorter. These can be significant barriers and for many people, they can be a complete roadblock to a needed loan.

    So, as you go through the process of searching for a home in Nutley NJ, it is of course true that you will be providing security for yourself and a foundation for your future. However, you will also be gaining a significant financial advantage should the need arise to take out a personal loan of any kind. These situations are often sudden and surprising, so having the kind of safety net home ownership can provide is a significant benefit and one that should not be neglected through your pursuit of a home or even during the choice to even purchase a home or not.

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      Home For Sale in Nutley | Nutley Real Estate | Coldwell Banker

      Home For Sale in Nutley | Nutley Real Estate | Coldwell Banker

      This Home Is A One Of A Kind! Backed To Booth Park PRIVACY ABOUNDS!

      Home For Sale in Nutley NJ

      3 Bedrooms, 2 Baths, Living Room, Dining Room, Private Yard, Deck So much more…Call 973-846-0065 For more info.

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        The Best Agent in Nutley? How To Find Out If They Are Truly The Best Agent in Town.

        Finding The Best Real Estate Agent in Nutley? Here Are Some Simple Steps To See If Your Really Dealing With A Top Agent?

        1) Meet agents out in their working environment, not in their offices. Good agents spend very little time at their desks.

        2)Make sure the agent has closed many properties and has worked a few years at least. The average real estate agent closes only 1 or 2 houses a year. More closings mean more experience.

        3)A great place to meet agents is at open houses. Don’t worry that you are not interested in that particular property. The agent knows that open houses rarely produce a buyer for that home and use the open house as a tool to find buyers.

        4)Make sure your agent is online. Having a web savvy agent is very important today as over 85% of all buyers initially see their homes online. Great agents have laptops and often have moved to mobile technology to assist. A real estate agent in today’s world must email, text, and be available to buyers and sellers alike. Also must understand Search Engine optimization and not have to many assistants

        5)Look for signs that the agent is busy. A hard-working, go-getter of an agent is good. Be careful, sometimes they are too busy. A real estate agent can only effectively work with about a half-dozen buyers and a dozen sellers at any given time to properly give the time needed to a buyer. If they pass you to an “assistant”, move to another agent that will give their time to you.

        6)See how the agent’s MLS listings come up in searches. When listing in todays market, all listings from small to big should have professional photos – this is the first sign of a professional real estate agent who understands todays market.

        7)Check the references that an agent should be able to provide you. Ask the other real estate agents you interview if they know the other agent and if they respect them as a real estate agent. If they start bad mouting another agent move on.

        8)Ask “Can you recommend service providers who can assist me in obtaining a mortgage, making repairs on my home, and other things I need done?” Keep in mind here that a real estate agent should generally recommend more than one provider and shouldn’t receive any compensation (ethical issues tend to arise when this happens).

        9)Ask Who the agent is working for in the transaction, the buyer or the seller (a real estate agent selling a house almost always works for the seller and tend to spin things a sellers way)

        10)Ask “How will you keep me informed about the progress of my transaction? How frequently?” Using what media? Again, this is not a question with a correct answer, but that one reflects your desires.

        11) Last but not least find out what your agent is doing from Friday to Sunday, if they are not working two of those days I would look for another agent.

        To get a home sold in Nutley, Belleville, Clifton or Bloomfield NJ Call Matt@ 973-846-0065

        http://www.HomesInNutleyNJ.com

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          Picking A Real Estate Attorney in Nutley-BETTER THAN THE YELLOW PAGES

          PICK THE RIGHT REAL ESTATE ATTORNEY IN NUTLEY NJ

          For many buyers and sellers, a real estate agent is all that is needed to get through the buying or selling real estate process. A real estate agent can provide valuable advice on the current state of the market, the best way to stage your home for sale or good areas to look at when investigating a home purchase. What a real estate agent cannot do, however, is provide legal advice and in some situations, such advice is critical to the real estate transaction process.

          A real estate attorney can be a great way to not only get that valuable legal advice but to protect yourself every step along the way as well. A real estate purchase or sale is a complicated transaction impacted by countless laws and regulations. With a piece of merchandise so expensive changing hands, issues are bound to crop up and sometimes a real estate attorney is the best way to deal with those issues.

          So, you’ve convinced yourself that you need a real estate attorney and value the piece of mind a real estate attorney brings enough to spend the money to retain one. The question now becomes where to find one and rather than simply pick the real estate attorney with the nicest ad in the yellow pages, there are some better sources you can use to select the real estate attorney that is right for you.

          Referrals Help Generate Leads
          While that tenet may be universally true for sales, it is also true for the search of a solid real estate attorney. Randomly picking a real estate attorney can lead to communication problems later fostered by the incompatibility between you and your real estate attorney. Instead, it can be more beneficial to seek out recommendations from friends and other acquaintances that have gone through a home purchase or sale.

          However, many people simply don’t know a friend that has gone through the process of hiring a real estate attorney and thus have no one to ask. For those people, the Bar Association in your area can be a great resource for generating a list of potential real estate attorneys that have a positive standing with the Bar. Additionally, there a number of different directories that keep contact information for competent attorneys and many have subsections designed specifically for real estate attorneys.

          Interviewing Sorts Out Competition
          The best way to land a great real estate attorney is to be exhaustive in your search process. While few of us have time to interview 10 or 15 different attorneys, we can all probably spare the time to interview a handful of potential candidates to ensure that the fit is right between attorney and client. Many attorneys will charge for personal meetings, so asking the right questions on the phone may have to do in most cases.

          Be sure to get all of the financial requirements up front from a prospective real estate attorney. Many will also have particular areas of expertise, so ask about them to make sure that the expertise relates to your particular situation. Also, asking some general questions about the process each real estate attorney usually goes through on a property can help you learn about the process while still filtering out attorneys.

          While not every real estate transaction requires a real estate attorney, the added expense of hiring one can make sense for customers that want some extra security for the transaction or that envision complications along the way. Your real estate agent is perhaps your primary resource as you pursue a home sale or purchase, but a real estate attorney can be a sound, legal, additional resource to deliver the best possible real estate selling or purchasing experience.

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                When To Call In The Inspection Professional

                When To Call In The Inspection Professional

                Though home inspections are often part of the home buying process that is not the only time you may look to the abilities of a professional inspector for your needs. When making large additions to your home or trying to put your home on the market with accurate information about the state of things like your roof or furnace, professional inspectors can also offer their services.

                Foundations, roofs, major appliances and other aspects of your home can be subjected to professional inspection to ensure that they are in the proper working order. While the professional is usually the best decision in most cases where legal issues come into play such as a home sale or purchase and permitting for new structures on your land, simply doing a first inspection yourself can sometimes save you the hassle of having multiple inspections.

                Things To Take A First Look At
                Your roof is something that you can usually take a look at and pinpoint areas that need to be improved. Do you have shingles that are damaged or out of place? Is there anywhere on the roof where you can see through the outside shell? These may seem like common sense issues to address, but they are the kind of common sense issues that a professional inspector would point out as well.

                You don’t need to wait for a professional inspector to tell you to fix a broken roof. Take the initiative and make an effort to get your home in good shape before the professional inspector is called. During a home selling process, this can leave you with fewer issues to discuss later as part of a contract negotiation.

                In addition to the roof, there is certainly something to be said for simply eyeing the exterior of your piece of real estate. If there are cracks in any of the outside walls, especially near the base, those will need to be looked at and probably repaired. Again, these are common sense tips but steps that can often be overlooked during the frenzy of buying or selling a home.

                The Professional Inspector’s Role
                When legal agreements start to come into play, such as during a home-buying process, a professional inspector is usually required to come out to the home and look over the property in its entirety. During any deal when you purchase a home that is already built, there will inevitably be some issues that come up during inspection and it is then up to your realtor to work out a deal to remedy those situations.

                On the minor side, these inspections can turn up things like small cracks in interior walls or wood working that needs to be tended to, but they can also turn up big problems such a shaky foundation or substandard furnace. Furnaces tend to be a hotspot (no pun intended) for inspection issues because most people don’t have the knowledge to accurately appraise a furnace on their own.

                No matter what kinds of issues an inspector turns up, they are all then fair game for the negotiating process and often times an agreement will be hammered out as to what the seller must repair or replace before a deal can be consummated. Real estate transactions are themselves a long negotiation and the home inspection is just one step on that process.

                So, as you get ready to sell your home or perhaps undertake a smaller endeavor like periodic repairs, know that you can save some time and effort by going through and looking at the key parts of your piece of real estate yourself and remedying situations before professional inspectors ever need to get involved. The periodic upkeep of your property will yield dividends later when the professional shows up and has nothing to report. A blank inspector clipboard is the positive result of strong personal inspections and upkeep.

                For More Information about buying a home in Nutley NJ call: Matthew DeFede of Coldwell Banker Residential Brokerage at 973-846-0065

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                  Short Sale in Nutley, Belleville & Clifton Avoid Foreclosure

                  Short Sell Your House – 7 Steps That Will Help Avoid Foreclosure

                   Step 1 – Get Educated

                  You need to know your options when it comes to your home. If you want to keep your house, but can’t make the payments and you owe more than your home is worth, you may look into filing bankruptcy. This will stay the foreclosure process (not forever) and may allow you to stay in your home and repay your lender under different terms.

                  Deed in Lieu

                  If you owe more than the home is worth, this is not an option for you. Deed in Lieu means that you give up the house to the bank and walk away. Ie, you give up the deed instead of facing foreclosure.

                  Short Sale

                  If you owe more than your home is worth, and don’t want to declare bankruptcy or face foreclosure, then a short sale of your home is the best option. A short sale does have potential tax implications.

                  Step 2 – Get Some Help

                  This is probably the biggest tip I would give to people who want to sell their home in a short sale. FIND AN EXPERIENCED REAL ESTATE AGENT WHO HAS DONE A SHORT SALE BEFORE. Your real estate agent will be able to deal and negotiate with the mortgage company(ies) on your behalf. An experienced short sale agent will give you a much better chance of successfully short selling your home.

                  Because there is often so many different entities involved in a mortgage (1st mortgage, 2nd mortgage, the investor on the loan, etc) you really don’t want to do this on your own, with no experience. Plus, you’ll never have any out of pocket expenses to pay an agent, as everything is essentially paid by the lender.

                  WARNING! Just because an agent says they specialize in “short sales” does not mean they have actually successfully done one! There are many classes agents attend regarding short sales, but nothing compares to real world experience.

                  Step 3 – Get Started Now

                  The longer you wait to get started with the short sale process the less chance you have of success. Every state is different with their foreclosure process. You need to decide quickly to start the short sale process if you’re getting behind on your payments, or have already received a notice of default.

                  Step 4 – Follow Instructions Exactly

                  An experienced short sale agent will tell you what you need to do to get the house ready to sell. Don’t get too hung up about the price. If the agent wants to set a low price on the house, there is a reason behind that.

                  In my own short sale, we priced the house pretty low and got an offer very quickly. You need a buyer that is willing to stick around for a super long closing or changes to the agreement. In my case, it took almost 4 months from when we got the offer to when the closing took place. Don’t get hung up about the price, all you should care about is getting the place sold.

                  Step 5 – Know The Tax Implications

                  Congress recently passed and the president signed a law that likely releases you from any tax implications of a short sale.

                  Talk to a qualified tax attorney or CPA about this for your particular situation. Your real estate agent should know about this! A good agent will have a quality referral for you to handle the tax implications of your short sale.

                  Step 6 – Prepare to move quickly

                  Because your closing date may not be set in stone, you need to be prepared to leave your home quickly if needed. You do not want to end up like me and live in your office for 2 months! Trust me, it’s not fun!

                  A minimalist lifestyle is nothing to be ashamed of; in fact it should be venerated. Your possessions are just inanimate things; it’s the relationships in your life that really matter. OK, enough life advice! Sell anything you don’t need or haven’t used in the last 6 months on craigslist! The less you have to deal with on moving day the better.

                  Step 7 – Prepare yourself emotionally

                  If you are already in default, or have a foreclosure pending, this whole scenario and process of trying to short sell your home can be very emotionally draining.

                  You will receive solicitations from everyone and their mother. You may have people stop by your home while you are still there. It can be a very difficult process.

                  Make sure you have people in your life to talk to about your situation. You will need a support network to help through this time in your life. It will pass. And you are being proactive in seeking a short sale of your home. You are taking the right steps, and in time, everything will work out. I can’t promise it will be easy, but you will make it!

                  You Need An Experienced Short Sale Agent!

                  Call Matthew DeFede- 973-846-0065

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                    Stay Ahead of the Curve: Proactive Selling in Nutley, Belleville & Clifton NJ

                    Stay Ahead of the Curve: Proactive Selling in Nutley, Belleville & Clifton NJ

                    As with anything else in life, becoming proactive in your pursuit of a particular goal will ultimately pay off. Everyone has heard the stories of men and women that took the reigns of their career and were able to rise through the ranks of their profession to a position of power. We’ve also all have the friend who hates his or her job, complains constantly, but does nothing to change the situation. Don’t be that person.

                    Getting proactive in your attempt to sell your home in Nutley NJ is perhaps the most rewarding, effective step you can take. While many sellers are more than happy to let their real estate agent take over and supply periodic updates on the situation, more and more, sellers are getting actively involved in the process to push a home sale along better than a real estate agent alone.

                    Know Your Home’s Weaknesses
                    Too many sellers in Nutley these days are relying on the home inspection as part of the real estate process to tell them what needs to be fixed with a property and what the buyer might take an issue with. Don’t wait for an inspector to go through your home and point out problems after you’ve already accepted an offer. You run the risk of being surprised and having to negotiate a potential problem with an unhappy prospective buyer.

                    Instead, take it upon yourself to fix what needs to be fixed and perhaps commission your own appraisal. Getting your furnace or roof certified can speak volumes to a buyer that will appreciate not having to wait for an inspection to be sure that they are buying a quality home. If your personal inspection does turn something up, fix it and trumpet your new furnace or roof in your marketing materials for the home.

                    You can even go so far as to get an estimate for a repair that might be necessary and supply it as part of the materials you give to an interested buyer. Often times, that buyer will appreciate the fact that you have disclosed the true condition of the property and are willing to solve the problem over the course of a real estate negotiation. Getting this kind of information out in the open will only foster a stronger relationship between buyer and seller.

                    Follow Up With Interested Buyers
                    Your teacher may have told you that the best information you can get from a test you’ve taken is an understanding of the questions you got wrong. The same is true for showing a home, an exercise in dressing up your home in an attempt to give an interested buyer in the best possible view of your real estate in Nutley. Not every showing leads to a contract offer, obviously, and understanding what each one did not might help you better market your property.

                    It can be very easy to chalk up a fruitless showing to a less-than-committed buyer, but going the extra mile and getting information on why the home wasn’t up to snuff will help you later. You can contact the real estate agent of the interested buyer directly to get your reason. Don’t be pushy and certainly don’t be rude. Simply state that you’d like to know if there are steps you can take to make the home more inviting to the next interested buyer that takes a showing.

                    These steps can easily be taken in conjunction with a real estate agent that will likely appreciate the role you want to take in the selling process. Selling your home is often a team effort between you and your realtor, so bring a proactive nature to that team can help sell your home faster. Be that proactive person instead of the sit-back-and-take-it seller that is so common.

                    If your thinking about selling your Home in Nutley New Jersey, Call Matthew DeFede of Coldwell Banker [facebook_ilike]

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