I hope you enjoy reading about Cincinnati Real Estate Solutions posting that will be forthcoming and find the tools that will be added beneficial to your search experience. Please let me know if there is anything I can do for you.

I recently joined REAL Solutions Realty because I wanted to be with a Broker who has a local presence, where my previous broker really had a statewide presence in the auction community. While I believe in the auction sales method I also believe that automation and local social networking is key to cost reduction and streamlining real estate sales so your home is sold fast for highest possible price.

Here at REAL Solutions Realty you will be able to search for homes, read about Cincinnati home prices and property values, hear what others say about Cincinnati Properties and living in Cincinnati. You can also expect to see a lot of free home buyer seminars, seminars on auction method, and a lot of PR about what we are doing with tools and technology to get your home sold fast or help you find your Greater Cincinnati home.

Stop back often, as I know I have a lot of information to get to you that you can use!

I recognized a few classified sites, but an interesting store came up, selling logo merchandise. So I did an ip website address look-up, to see who actually owned the store, and found it was someone in California.

This is true of real estate sites, there are a lot of sites out there being operated by non-brokerage firms, LLC which are gathering buyers list and selling their own properties. Ohio law requires a Brokers name on all agent web sites.

So if you want to know your buying from someone local, you might check the about us or contact us, if the tabs exist, if not, you may also check one of the many sites that will look up website owner’s ip, they give registration information which may include a company name and address. If it is hidden, you might want to think twice about who you are buying from and whether it is near or far away. Please support your local small business, buy local!

Vicky

Fair warning it’s a pretty length report with 180 points, some real estate agents do more, some do less. I’m one who believes in doing less, while doing more, it is called being efficient and who ever wrote the report never sold property at auction.

Let’s go through some of the main step that I do for auction of properties, it won’t take long.

They start with pre listing activities, but before you to pre-listing, they skip the whole step about prospecting, which is where a lot of agents spend most of there time these days, trying to find that home owner who is going to list there home for sale or find the buyer who wants to buy.

Pre Internet, everyone used the face to face approach, direct mail, referrals and newspaper advertisement. TV and radio were places that Brokers advertise, not agents. Today, we have all kinds of ways to find people, or to put another way, to have people find us. Agents still use the methods mention above, but now the Internet has unleash a whole new standard. Directory sites, advertising sites, social networks, TV and radio on the Internet and on traditional tv and radio, so there is a ton of new technology agents have to find and use including phones, camera’s video, publishing software, blogs and websites.

Any client that can’t see value in that should come work in the field. Agents are spending a ton of time & money learning and using these tools. Many of the tools have to be purchased or paid with monthly subscription fees by the agents.

As far as prospecting goes, I target specific price range and neighborhoods for listings prospects. I utilize online website for more general targeting to wider audience. I also find prospects through live and online auctions, an target market that the typical agent can not access. This makes me efficient and keeps my expense down.

My pre listing activities include a phone interview with the owner, and I will do a quick valuation to determine the margin and probable marketing plan, different homes warrant differ advertising. Wow that is short compared to their list of 20 points, the big difference that I see is agents spend a lot of time coming up with the price, I don’t care about the price, I’m not buying the home, the only price that matters is the one the buyer comes up with. A lot of the other items listed are from the days when information was not online.

The next step is the “Listing appointment”, This basically where I write the contract, review marketing plan, measure the rooms, take pictures/video, put up signs, put locks on the doors and get a check for marketing expenses.
Yes, clients pay for marketing expenses upfront, based on specific plan they have chosen rather than the plan created for the average listing, the company plan, have it subjectively rotated into brokers ad rotation.

Now that we are under contract the real labor of the deal kicks in. The home is entered into Multiple Listing Service, on numerous website, and on the many auction websites where you will not find traditional listings, so you get a little more coverage. Home inspections may be schedule if client choose to do it, I recommend it. I create a PIP(Property Information Packet) which contains on the information on the property such as tax summary, property disclosures, listing flyer, Terms and conditions of the auction. We then complete the marketing plan and prepare for the auction. That takes us up to about 109 on there list, This does seem like much but it is the most important part of the deal, it’s what gets the buyers to the auction. We compress the marketing time of 3-6 months of typical home in to 2-4 week period.

The home is open for inspections, the auction is called, sale is awarded and the contracts are signed. That takes a couple of hours, in traditional sale this can take days to weeks to get an accepted contract with no contingencies.

What’s left? Scheduling the appraisal, reviewing the hud, write the auction summary and attend the closing.

They may seem simple, it is a lot of work in compressed timeframe. It brings buyers to the table in urgent manner, ready to make a decision. It is efficient and fair!

The numbers tell me to get out, when you start adding up the cost of websites, prospecting, marketing material cost, education, time spent blogging, twittering, facebooking, licenses, and gadgets, it adds up to be very expensive, money and time. Duplicated by 2000 other agents all trying to sell themselves as the best agent when most buyers/sellers aren’t looking for the best, but looking for the most economical of time and money to get the job done. After all, it seems the internet has made everyone an expert!

So why not team up, become part of alliance and share the cost, time, and education. Are you tired of trying to learn every technology; trying to read every site with updated information; know every banker, appraiser, and home inspector; know every sale in handful of neighborhoods; and connect on every tool or social network? Keep more of your commission and work smarter not harder by joining an alliance.

I am bringing computer technology, database technology, internet experience, social networking experience, website development, lead generation, auctioning and real estate short sale experience to the alliance. What can you bring or focus area are you willing to learn?

Please contact me to learn more.

I pulled these numbers using a ranking report on Cincinnati MLS, using Hamilton , Butler, Clermont, and Warren counties, sales since 01/01/09. If you would like to run your own report and don’t know how, please email me and I will help you.

Ways to Earn Referral Fees

Refer these products and Service and keep all the referral fee ~ no broker split:

• Personal Property auctions
• Advertising
• Charity Auctions
• Website Development
• Online Store Online Auctions

Brokers/Agents earn referral fee(commission 2%-5%) for Referrals to Real Solutions Realty, varies by listing status:

• Active listings
• Expired listings
• Cancel/Withdrawn listings
• Pre-listing

Brokers/Agents earn Buyer Agency fee(1%-5%) by representing buyers at All Done Auction auctions thru Real Solutions Co-op agreements:

1. Broker/Agent must be licensed in the state of Ohio.
2. Broker/Agent registers buyers and submits Broker Participation Form 48 hours in advance of the auction.
3. Agency Disclosure Form is submitted with Buyer Broker Registration Form indicating Broker/Agent as Buyers broker.
4. Broker/Agent shows the property to client and reviews the “Terms and Conditions of the sale” with each client they are representing prior to submitting a bid.
5. Broker/Agent’s client is the high bidder and contracts the property.
6. Broker/Agent is not acting as a principal in this transaction. Neither Sellers nor Auctioneer will pay commissions on any property to any broker participating in the purchase of a property. Brokers may not represent themselves or any immediate family members (i.e. Spouse, siblings, parents, etc.). In addition, brokers may not be a party to any entity such as a corporation, business or trust purchasing a property.
7. Broker/Agent will assist in any reasonable request toward execution of the Contract for Sale of Real Property by broker’s client listed above.
8. The Broker’s client closes the transaction in full in terms under the Contract for Sale of Real Property.

Get started earning more Now!

Let the prospect know that you are passing on their personal information to Real Solutions/All Done Auction and someone from our company will contacting them.

Discuss your intention to refer business with the prospect. Open the Broker referral Form or Non Broker Form
Fill in the form, Name and Phone number required, email is optional but preferred.

Email form to auctioneer@alldoneauction.com or fax to 513 829-2707

That’s it. We will take care of the rest. Your broker will be paid at the closing of real estate auction, the referral will show on HUD statement as line item.

For non broker transactions will be paid at time of settlement of the refered client.

Do you want to refer auctions, but don’t know enough or how to refer them, call me or attend one of my seminars. You will learn about the benefits of selling at auction, the auction process, auction statistics and be able to ask questions.