Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase.
This morning I sat down with Justin Froiland from Fairway Mortgage. Listen as Justin explains, from his point of view, the importance of using a real estate agent for your transactions. You can reach Justin at 605.695.1429 or email@example.com. His office is located at 412 5th St., Brookings SD 57006 or on the web at www.BrookingsMortgage.com
Why Work with a Real Estate Agent?
- Good morning, everybody! Shane here from the Brookings Home Team, powered by Century 21. It is Monday morning, 8:15. We're getting ready for our big crappy weather.
- It's on its way
- Can I say crappy on here?
- It's on its way. I think that's kosher in this situation.
- I'm gonna say crappy. We've been not doing this for the last couple weeks either because of a holiday or I've been gone, so we're back at it after a couple weeks. We will not be back next Monday because I will be out next Monday as well, but Justin has graciously said he would jump in here today and do a quick Monday morning tip. Actually, it won't be quite so quick probably today. We're going to expand maybe a little bit more on what we want to talk about today and kind of go into a little bit longer than maybe a couple minutes. With that being said, Justin, I'll let you take it over. Oh, I'm sorry, I forgot. As you guys are jumping on, please let us know. Give us a heart, give us a thumbs up. If you have any questions, let us know that as well. Just instant message us or whatever it takes We'll try to answer it. Probably not today, but on our next episode. So, all right. What do you got today?
- Perfect. Thanks, Shane. That's kind of a perfect segway into what I wanted to talk about today. The fact that Shane's been gone quite a bit lately because a big reason he's been gone is he's been at trainings and seminars and doing a whole bunch of continuing education, expanding his knowledge. The tip, rather I wanted to talk about today is the benefit of working with a real estate agent when it comes to either selling your house or buying a house. I've had a couple different scenarios lately where we've been doing For Sale By Owner transactions and it just doesn't seem to go quite as smoothly as when you're working with a real estate agent, because, you know, there's a lot of moving parts and it's not something you deal with every day. In the purchase agreement you have to fill out, it's a six, seven page contract that there're a lot of moving parts to it. So it's very beneficial to be working with someone. You know, on a buyer's perspective, I tell everyone I work with there's really no reason not to work with a real estate agent because then you have representation on your side and it doesn't cost you anything, because that's typically going to come out of the seller's listing commission. And so from a buying perspective, it really doesn't cost you anything. There's only benefits to it. And from the selling side of things, you know, from what I've seen personally with the people I've worked with, Shane, is that generally if they are going to list it on their own, they undercut themselves. And so, you know, they are going to list it for $150,000, they could get $170,000 on it. And actually those numbers happen to a friend of mine somewhat recently where he wanted to price to sell because he wanted to move quickly, but if he wouldn't have listed with a real estate agent, he would have significantly undercut himself and that more than paid for the commission on the deal. And, so, in my opinion it's just a no-brainer to look at doing that. Anything to add?
- No, just like you said, you know if you don't choose one of us, please choose somebody.
- Definitely, definitely.
- We're not here to advertise either one of us so to speak on this here, but as an agent, I always recommend you know, interview a couple different agents whether you're looking at listing or you're looking at buying. And see who you're comfortable with. You might not be comfortable with me, and that's fine. But, please, use an agent. It just makes things go so much smoothly through the whole process. For Justin, as a mortgage individual
- For the title company, for the insurance company, all that stuff there. So like you said, I've been gone here. I did a quick video when I was in my hotel here in Nashville a couple weeks ago about investing in myself. I consider that I'm investing in myself, learning the tricks, the trades, the techniques, all the different stuff that we can do as agents and hopefully pass that on to our partners too, whether it's a mortgage individual or title company or whatever it might be. So, yes, if you're looking to do it on your own, just think twice. Give us a call. Let us talk to you a little bit about it and the benefits that do come with that. And it could save you some money too, just like your friend.
- Most definitely. And one other thing I'd like to add as well is another big benefit that a lot of people don't take into consideration I think is the marketing and exposure aspect to it as well. Because, you know, if you list your house you get it on the MLS which then every single real estate agent in this town knows. How many are we up to now?
- 60 something
- 60 something. That's a lot of real estate agents working for you. And so, and there's a benefit even beyond that when you look at, and like Shane said, we're not here to plug ourselves by any means but I do want to plug Shane a little bit so to speak just because you can see by anyone that has a Facebook account, you've probably seen something that Shane's done, whether it's the Gas Out Cancer and pumping gas, or whether it's, you know, the Sharing Warmth. Whatever it may be, Shane does a great job of getting out there. And I know he has open houses all the time on his listings. I'm fortunate to join him sometimes with him. So that's something else to look into and take into consideration as well.
- Perfect. All right, well thank you.
- Yeah. You're welcome. Definitely.
- And thanks for your partnership too.
- I have a little plug for you as well. You jump in and help with some of the different contests and fundraising stuff that we do too.
- Yeah. I have a lot of fun doing that.
- And joining us on our open houses which sometimes aren't that much fun, right? So it's always nice to have a face there to talk to when you're not there by yourself.
- Certainly. And on that note, we need to have a little off-camera discussion about teaming up for a giveaway here in the near future.
- And doing something like that. So, we'll figure out something fun to do there.
- All right! Thanks guys for watching! We appreciate it. It got a little longer than normal today, but it's all good information. It is sort of a Monday, you know it is a mortgage tip in a sense there. But if you do have any questions, please let us know. Justin's available too. The information is on the top, on the bottom, on the sides, wherever your device allows you to see that. And, as always, let us know if we can answer any other questions that you have down the road too. So, thanks for watching! We won't be back next week, but the week after we will. So, have a great rest of the week. Stay warm.
- Thanks guys!