What does a real estate agent do all day?

Being a real estate agent is a tough job. We work constantly, even on weekends, holidays and evenings, and have to balance about one million different tasks for a given sale. On top of that, we’re monitoring leads, following up with clients, and having to market ourselves regularly. But most of that is below the surface, so it leaves some wondering what the heck we actually do all day!

Luckily, Cara Ameer, a realtor in Florida, explained it in detail for Inman.com. I’ve given you the main takeaways from that article below, to shed a little light on what exactly I’m doing for you and my other clients all day:

The realtor is an incubator, initiator, action-taker, coordinator, scheduler, personal concierge, resource, problem-solver, mediator, miracle worker, red-tape cutter, transaction manager, and chief make-it-happen officer for any client that wants to make a real estate move. Some of these roles get delegated elsewhere, but the realtor oversees everything and gives valuable input on the process every step of the way.  I could work every day, and often feel guilty if I am going to be out of town or take a day off (even on my scheduled days off). I usually will check email a couple of times and answer my phone which is also the beauty of it all – I can be on a beach in Hawaii and still answer questions and get things done.

A typical day in the life:

  • Responding: there are always inquiries, emails, texts, etc. to respond to. We are always “open,” if you will, and waiting until the next day can result in a missed sale or lost client. And it’s not just clients asking about properties – it’s other agents, stagers, brokers, and more.
  • Reviewing MLS activity: we review MLS activity for relevant listings and updates on properties of interest and notify our clients right away if anything needs to be shared.
  • Keeping a Database: we must always be updating our contact databases with new customer info, updates, birthdays, home-buying anniversaries, etc.
  • Scheduling Showings: agents put together property itineraries for clients who are planning to house-hunt and see multiple showings. The schedule is constantly changing, and getting it right is a priority for everyone.
  • Making Contact: we are your liaison for establishing a dialogue with sellers or buyers, and conduct all the research for market comparables.
  • Setting/Attending Appointments: meetings never end in real estate. We meet buyers and sellers for initial discussions and tours, we meet inspectors, appraisers and other specialists, and oftentimes you’ll get other calls about other meetings while you’re already in the first one!
  • Negotiating Offers/Managing Sales: this process can take a very long time. Once an offer is accepted, though, and a property goes under contract, the agent has to be on everyone involved to finish their part of the job. That means lenders, title companies, attorneys, other agents, and all clients, to name a few.
  • Problem-Solving: educating clients about the market, the offers, etc., gathering info about a community or property, troubleshooting unseen issues. There are a million little issues that go into a real estate transaction, and the agent will be expected to be the one solving them.
  • Marketing: don’t forget how much we have to market ourselves at all times to gain new clients and keep existing ones. Everything from a website, to a blog, to a newsletter, to a postcard, to a flyer will have to be created, approved, proofread and spread digitally and physically.
Courtesy: Inman.com

Long story short, real estate is a 24/7 profession that involves severe multi-tasking, prioritizing, evaluating, advising, hand-holding and problem-solving. The lifestyle isn’t as glamorous as it seems on TV, but it’s a rewarding job that I love to do! Now you know exactly what kind of work I’m putting in for you!

Don’t hold your breath for another recession

According to an Inman.com article, Kevin Thorpe (Global Chief Economist at Cushman & Wakefield) says we are going to have a very long economic expansion.

At the National Association of Real Estate Editors conference, Thorpe said, “The U.S. will not be going into recessions anytime soon. Recessions don’t just happen. First, we need to see imbalances somewhere in the economy — too much credit, too much exuberance in any particular sector.”

A frequent speaker in the local real estate arena, Carol Rodini and some Bay Area economists agree that some changes Donald Trump’s Republican cabinet will make – redoing the tax code, trying to replace Obamacare, etc. – will be good for the economy.

Carol recently noted the top 10 tech companies in Silicon Valley are sitting on about $3 trillion in cash between their domestic and foreign accounts. Those companies grew about 7 percent last year and they believe that will continue this year.

Related image

So, if and when we end up in a recession, she believes it will be about a 4 percent dip. The Bay Area, because of Silicon Valley, will not feel it like the rest of the nation. For those buyers who are hoping for a dip so housing will be more affordable, you might want to buy now, before interest rates go up. For sellers: now and the near future is a good time to list!

The smallest decisions can make your house more valuable

When selling a home, oftentimes the goal is to maximize financial return on the deal. Everybody wants to make as much as they can off their home sale, and even the slightest changes can increase what a home sells for.

Take this article on Inman.com for example. It’s about how homes with blue bathrooms sell for $5,400 more on average than others, according to a Zillow study. Crazy, right? Literally just changing the color you’ve painted a wal or two can add thousands of dollars to your wallet!

The article goes on to list a couple other color choices that can add or subtract from the sale price; for example, grey (and other neutral) exteriors sel die about $3,500 more than homes with other colors.

It really goes to show that small aesthetic decisions can play a huge role in netting you some extra zeroes on your home sale. It’s always wise to cater to the current trends when painting, decorating and remodeling your home to go on market – even if it means just a couple grand more in your pocket.

I try to stay tuned in to what’s popular so I can help you make those decisions. I am committed to maximizing your value as a seller, and on the flip side, getting you the best deal possible as a buyer. Give me a call if you’re interested in a real estate transaction!