July 11th, 2013 11:56 AM by Eric Fang
We are in the service business, either for mortgageor insurance.
I talked to some clients why I want to try the insurancebusiness. When business is slowing down, some agentswill not survive, some will pick up some realtor business.Since I don't like driving too much, insurance is better for me. And also I indeed want to help my clients to makesure "properly" insured.
I made recommendation to two of my clients. I advised oneto increase the liability insurance to 250k/500k at leastfor his auto. And I am glad that he took my advice. This is to protect his assets in case anything happens. And I recommend another one to consider umbrella since hehas a few properties; and consider term life because of small kids.
Recently I had some contacts with a few realtors. And I cantell who is doing good or not, even from first a few emails.For the first realtor, there is no offers for the listingfor the past 80 days, and I presnted a tentative offer, veryclose to the offer price(10k below after deducting my broker commission). But the agent added his fees of $5k to "write" the offer for me. So he still did not get any offers yet, even after reducing $20k again(I reduced myoffer again after other similar properties sold lower).
And I emailed another broker for another property. His email replies is very short. Is the property available?Yes. can I take a look at it? You can talk to the tenants.Some other agents will offer some other similar propertieshe/she listed; and will provide the tenant contacts number;or do a little bit more to schedule the appointment for you.
And indeed we found some good ones. They listed the propertyat reasonable price, they will increase/reduce price accordingto the market, so I can tell that they sell fast. I emailed oneinterested properties last night, and one agent replied back 6:30am.And told me that one was not available now, but she has a fewwill be available within two months. And she even told methe addresses of the other properties, so I have some betteridea about the market. And those "insider" info is very helpful.
And I have a feeling that I might get the property from the last agent soon.