As a prerequisite to selling real estate, a person must be licensed by the state in which they work, either as an agent/salesperson or as a broker. Before a license is issued, minimum standards for education, examinations and experience, which are determined on a state by state basis, must be met. After receiving a real estate license, most agents go on to join their local board or association of REALTORS® and the NATIONAL ASSOCIATION OF REALTORS®, the world’s largest professional trade association. They can then call themselves REALTORS® in Holiday Park Stockton, CA.
How to Choose the Best Filipino REALTOR® in Holiday Park Stockton, CA?
Using a Filipino Agent and the Obligations that are Owed to You
An agent is bound by certain legal obligations. Traditionally, these common-law obligations are to: Put the client’s interests above anyone else’s; Keep the client’s information confidential; Obey the client’s lawful instructions; Report to the client anything that would be useful; and Account to the client for any money involved.
It is easy to get a List of Stockton Filipino Realtors by searching online. A simple search with the keyword, “Filipino Realtors in Holiday Park Stockton, CA” will produce multiple results giving you a list of Brokers, Realtors, and Real Estate Agents.
A Filipino speaking REALTOR® in Holiday Park Stockton, CA is held to an even higher standard of conduct under the NAR’s Code of Ethics. In recent years, state laws have been passed setting up various duties for different types of agents. As you start working with a REALTOR®, ask for a clear explanation of your state’s current regulations, so that you will know where you stand on these important matters.
How to Evaluate an Agent
In making your decision to work with an agent, there are certain questions you should ask when evaluating a potential Stockton Real Estate Agent. The first question you should ask is whether the agent is a REALTOR®.
As a consumer, you end up registering on various real estate search sites and getting tons of emails and reports . You may find yourself asking, how can I know which Asian Realtor to work with and help me navigate through the home buying process in Holiday Park Stockton, CA? The following are some tips we suggest:
- You want to see a house when you want to see houses. Agents who are solo may say to you, “I’m not available. How about next week?” Find a Realtor that will be available to accommodate your schedule with reasonable notice.
- Local Market Knowledge. During your first conversation with the agent, ask questions about neighborhoods, schools, trains and other commuting info, specifics that you are interested in knowing about. You’ll know in 2 seconds whether the agent you are speaking with is the local market expert and can help you with all of your options.
- What are you looking for in a Filipino Realtor? Find Realtors who will be your advocates. Their job is to help you get what you want. Real estate agents are your consultants, your strategists, and your advisors. They should tell you the truth and will always provide you with enough information so that you can make an informed decision about your home purchase.
- More Tips. Ask the Realtor you are interviewing how proactive they will be in finding you a home. For example, find out if they have a marketing staff that has the resources to find homes for buyers before they hit the market. See if they take a pro-active approach instead of just waiting for new listings to appear in the MLS.
You need to trust a Filipino Realtor in Holiday Park Stockton, CA who will do everything possible to get the word out and fight for your best interests. Good work experience, a web presence, and a great network should be standard. With sites such as Zillow.com where you can easily find properties for sale and check out their estimated values and the agent’s own network, it’s easier than ever before to sell your property. The listing agent’s main responsibility is to get the word out and show the house.
California Filipino Realtors: Who Are They?
As one journey's through the rough terrain of real estate. You will find yourself amongst the company of those who share similar emotions: self-doubt, fear, concerns of risk, and an endless stream of questions. So why would one subject him or herself to such things if it causes so much of a headache in the short term?
The answer to that is simple: Real Estate is where the bling bling is! Seriously folks, no industry on earth has made millionaires of more people than those two words.
OK so now you've decided it's worth the risk, but you've heard so many different perspectives on results, methods, and a million different courses all claiming to be the cure to launch your own career in real estate.
You may look into creating new homes and then selling the properties when the timing is right, or even rent them out. Many people follow this method and rehash the process over and over till they reach their financial goals.
Others go about it a different way- such as finding a run down home (or constructing a new one) and then learn the tricks and trades of fixing up a home and finding out where the "pressure points" are that can drive the value of the property up like like firewords on the Fourth of July. Then they'd flip or sell it once it is done.
Each method has it's highlights and lowlights. Perhaps you should look into the one that "feels right" to you, and look into it a bit more. It's not possible to become a master of everything in the beginning so just find something, learn how to make money from it, and make it happen as many times as it takes till you get your desired results.
Eventually, you will develop a sixth sense for "where the money is". This is something that can only be learned through hard work, and experience, period!
What Questions Do I Ask My California Filipino Realtor?
The California Real Estate market is one of the fastest paced and vibrant in the world. Nowhere else is property traded so fiercely and competitively and at such high stakes as in this state.
A recent report on the number of house sales in California, which was released in December of 2007, showed that more than 25,000 condo units and houses-both brand new and resale-changed hands in that month. As impressive as that figure is, it was in fact virtually unchanged from the house sales figure in November, and is actually down more than 40% from November of 2006, when house sales registered at 43,400. Records show that there has been a steady decline in house sales over the past 27 months, and that December's sales were the lowest for that particular month ever since records were first kept in 1988.
Median prices for houses also went down almost 3%-or to just over $400,000 in December-from about $412,000 in November. This price represents an almost 15% decline from December of 2006, when the median price of houses was about $472,000. The peak in median house prices was reached in the period of March to May last year, when the price of houses averaged around $484,000.
We mentioned earlier that foreclosure activity is on the rise, and indeed during the last quarter of 2007, mortgage default notices were at its highest level in 15 years. Much of this increase in foreclosed properties goes hand in hand with depreciation of home values. Many homeowners have suddenly found themselves in a position wherein they owe more on the mortgage than what the property is actually worth on the market. A large number of those who have been forced into foreclosure may have felt the pressure of high mortgage rates, the loss of income or even the need to move to another state.
One factor that can explain this phenomenon is the decline in median house prices from a high of $484,000 in March of 2007 to just slightly above $400,000 in the latter part of the year. Although this decline was perhaps partially caused by the shift in the type of houses that were sold, this would have undoubtedly still had a significant role to play in the increase of the number of homeowners who were forced to default on their mortgage loans.