Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Are you thinking of getting a real estate license?Here are some tips.

Are you thinking of getting a real estate license?Here are some tips.

I have been in real estate since 1992. A lot has changed in our business since I first got my license but the things we need to do to succeed have not changed much.

Here are some tips for those who are thinking of getting a real estate license and for new agents.

 

  • What do you wish you had known the very first year you were in the business that cost you lost business or income? 

I learned a lot in the first year. My first buyer client were a doctor and his wife. I showed him and his wife homes . They looked at several homes and decided to make an offer on a house. We used to have a loan officer who used to come to our office meetings to talk about mortgages. I had the buyers talk to him. I was disappointed that they did not qualify for a mortgage because of student loans, and other obligations. 

Fortunately I had not spent too much time showing them homes.

I learned that we should first make sure buyers are prequalified. 

 

  • Was there ever a time you questioned whether you had made the right choice of being a real estate agent? What events caused you to stick with it and succeed?

I have never regretted becoming a real estate agent. I love the flexibility . I used to be a CSR at a bank before real estate. When I wanted to visit my parents in India I had to apply for vacation well in advance. If there was an event at my son's school that I wanted to attend they did not like me to take time off if it was on a Friday as it was a busy day.

I can visit my family without getting permission from anyone but I have to make sure I have someone covering for me.

 

  • What are 3 things you have learned along the way that have positively affected you and helped improve your real estate business? 
  •  Three important things I have learned along the way are :
  • a. EDUCATION. It is not enough to just get a license. It is important to learn about changing real estate  laws , about your market and about trends in your market area. I have several designations. The designations are not important but the courses that I took for those designations taught me a lot. When I take continuing educaton classes I always take classes on topics that will help me.
  • b. WORK-LIFE Balance. I have always been good at work-life balance. Infact that was the reason I quit my job at the bank.  One of the ways I can  do it is to have a couple of other agents who  cover for me. I do the same for them. This way my clients are not affected. I work 7 days a week but not on weekend evenings. I do not work on holidays. 
  • c. I have learned that I cannot help everyone who calls me . If it is beyond my market area I refer them out. I receive calls for rentals . If they are not in my area I refer to others and do not ask for a referral fee. I have learned to use my time efficiently. I have learned to get buyers to be preapproved before I start to show homes. I like to work with buyers and sellers. I used to take over priced listings the first year I got into real estate. I do not do so now. Real estate is a great profession for anyone who is willing to work hard . 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 18 commentsGita Bantwal • January 06 2018 01:01PM

Comments

thanks for sharing your thoughts - I suspect you are a good mentor to new agents in your office 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) 5 months ago

Making sure your buyers are qualified is the first step before taking them out. We all had to learn this one!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) 5 months ago

Thanks for sharing these tips, Gita.  Anyone considering this business should read this.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 5 months ago

Good morning Gita. Great tips for a newbie or someone still trying to find their way! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 5 months ago

Gita, Good advise for new comers to real estate.  Yes the flexibility is a big plus.  And getting buyers pre-approved is so important for buyers to know their true buying power.

Posted by Gloria Todor, & Doug Durren (484) 431-3686 in SE PA (Century 21 Absolute Realty ) 5 months ago

I would advise the people to think about the money they need to invest in themselves and to live on for a few  months or more.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 5 months ago

Like you, I enjoy the flexibility of making my own schedule. Of course, we have to be available when our clients need us, but we can arrange time off for special events without having to ask permission. And you learned right off the bat to get those buyers pre-qualified, regardless of social status or perceived income. Good for you.

Posted by Pat Starnes, Brandon, MS, Front Gate Realty ~ 601-991-2900 Office (Front Gate Real Estate) 5 months ago

Great post, Gita. I too have learned I cannot nor do I want to serve all customers. I am glad you have enjoyed your journey in real estate.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 5 months ago

Lise, thank you for the comment. 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Sheila, I agree.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Gabe, I hope they will read this.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Wayne, have a good day.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Gloria, thank you for reading.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

William, good advice.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Pat, thank you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Debbie, thank you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Hi Gita Bantwal I also began my career in 1992 and can relate to a lot of what you said about the Broker always wanting me to work on their schedule.

Currently, I am starting a new company and have hired a newly licensed agent and will share your blog with Lindsey Haden 

We will begin marketing MACH1 Realty as soon as the final papers are finished on the LLC.  Please send Lindsey a private message of encouragement or wish her well in the future once she starts blogging!!

Posted by Mike McCann - Nebraska Farm Land Broker, Farm Land For Sale 308-627-3700 or 800-241-3940 (Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska) 5 months ago

Mike, good luck . I will be glad to do so.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 5 months ago

Participate