510,664
I really don't think you can evaluate a residential transaction the way you are asking. Every one is different. Every seller is different and every buyer is different. Add into the mix agents, lenders, appraisers, inspectors, HOAs and other players and it can get complicated real fast.
How much brainpower does it take to manage all these players? A lot!
-
Teri Pacitto
Westlake Village, CA
-
Lynnea Miller
Bend, OR
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Kat Palmiotti
Kalispell, MT
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
91,335
On a scale of 1 to 10, any deal, at any time, can be a one, two, three, four, five, six, seven, eight, nine, or ten--subject to change with the next phone call, email, inspection, appraisal, or participants' actions or thoughts.
-
Lynnea Miller
Bend, OR
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Theo Shaw
Evanston, IL
5,254,695
Project management is really what we do and there is no transaction that is alike - the players change, the properties change and the attitudes change.
We have to proactively think on our feet and be ahead of every single aspect of the transaction - some take micromanagement, others are easy peasy!
-
Lynnea Miller
Bend, OR
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
4,582,559
Debe Maxwell, CRS has an excellent description of our role in the process --- project management. And the 1 -10 reference really does depend on the individual transaction as Theo Shaw and Bob Crane answered.
-
Lynnea Miller
Bend, OR
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
6,419,449
Depends on
- the home
- the municipality
- the state
- the sellers
- the buyers
- and a few other things.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
-
Bob Crane
Stevens Point, WI
5,113,121
I can do this with my eyes closed. What does this mean does your number change if you're the listing versus buyer's agent?
-
Lynnea Miller
Bend, OR
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
3,988,013
Every transaction is different. I have one right now that is taking a very high skill level and tons of patience and we are nowhere near the closing table yet.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
2,071,606
Thank you for you question Señor Anonymous.
If you're not a Realtor, it's a 10.
If you're a good Realtor, it's a 1.
It's just like brain surgery. If I tried to do brain surgery it would be very difficult... maybe like 100... because I don't know what I'm doing, and I'm not trained at it. I'm not a rocket surgeon.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Nina Hollander, Broker
Charlotte, NC
2,684,669
Some are 1, some are 10. It depends upon the property, the buyer, the seller, the other agent(s) involved, the lender, and lots of other factors.
-
Susie Kay
Plano, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
3,349,554
I could not say it any better than Corinne Guest, Managing Broker
I prefer to be the listing agent as I have more control over the transaction therefore making it less stressful and"easier" to manage. When working with a 1 on the other side ... not so much.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
2,221,377
Not as difficult as posting a question Anonymously.
-
Susie Kay
Plano, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,456,875
Both the listing agent and buyer agent have to know how to handle paperwork - it's pretty much the same actually. On both sides there are various disclosures and right to represent forms and the like.
To be clear, though, the paperwork is the smallest part of a real estate job. It's the knowing what to do and how to do it that takes time and skill and effort. As Debe points out in her response, real estate professionals are project managers. In addition, they are business owners. In addition to knowing how to work with buyers and sellers, you need to know how to plan, budget, prospect, communicate, market, and more.
Good luck.
-
Susie Kay
Plano, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Roy Kelley
Gaithersburg, MD
5,061,034
There are so many factors that can intervene and turn what appears to be a simple transaction into a nightmare. It's a lot of work even if everything go well! It really is managing a project, and a number of tasks, deadlines, and players.
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
-
Michael Jacobs
Pasadena, CA
599,734
I would say it's somewhere between 1 and 10. It depends on the transaction because some are very simple and some are very difficult.
-
Susie Kay
Plano, TX
5,240,047
Each transaction deserves a score of its own!
-
Susie Kay
Plano, TX
-
Debe Maxwell, CRS
Charlotte, NC
3,071,489
Corinne Guest, Managing Broker nailed this one!
-
Susie Kay
Plano, TX
-
Debe Maxwell, CRS
Charlotte, NC
7,864,438
Every transaction has challenges. Some are easy and many are difficult.
-
Susie Kay
Plano, TX
-
Debe Maxwell, CRS
Charlotte, NC
4,434,177
Every transaction is different.
-
Susie Kay
Plano, TX
-
Roy Kelley
Gaithersburg, MD
902,038
Everything is easy if you know what you're doing.
-
Susie Kay
Plano, TX
-
Nina Hollander, Broker
Charlotte, NC
5,583,328
practice makes perfect!!! and on a scale of 1 to 10 it's a 4
-
Debe Maxwell, CRS
Charlotte, NC
1,506,163
1. It always amazes me that transaction coordinators exist and that some agents can't operate w/o them.
-
Debe Maxwell, CRS
Charlotte, NC
352,976
Joseph Domino 480-390-6011 says it all. Can't say it any better than that.
-
Debe Maxwell, CRS
Charlotte, NC
4,319,773
If you think it is 'difficult' it is, if you think it is easy, it is...
-
Debe Maxwell, CRS
Charlotte, NC
1,553,599
5,772,587
Corinne Guest, Managing Broker summarized it beautifully.
-
Debe Maxwell, CRS
Charlotte, NC
716,032
This is a hard question to answer because each transaction is so different. A straight forward cash sale with no contingencies is very easy. A transaction involving many contingencies, water rights, septic issues, home repair issues, encroachments, lack of permits, etc is very difficult. On top of that, how responsive is the other agent on the other side? When you have lack of communication, the work load escalates.
-
Debe Maxwell, CRS
Charlotte, NC
509,449
It will be a 1- 10 depending upon the transcation!
-
Debe Maxwell, CRS
Charlotte, NC
4,800,132
1,466,257
I don't think you have to be a rocket scientist, but you do have to be able to hold a transaction together to get it to close successfully.
-
Debe Maxwell, CRS
Charlotte, NC
1,712,776
I will ask The Count from Sesame Street.
-
Debe Maxwell, CRS
Charlotte, NC
65,378
great read here, depends on the property
-
Debe Maxwell, CRS
Charlotte, NC
1,598,452
4,961,547
5,877,915
1,728,256