Rochester Real Estate | LOCAL Homes For Sale https://www.rochesterrealestateblog.com Rochester Real Estate | LOCAL Homes For Sale | Homes for sale in Rochester, NY, LOCAL Rochester real estate listings, market data, REALTOR® info, and high quality content updated every 15 minutes! Wed, 25 Jun 2025 11:50:30 +0000 hourly 1 https://wordpress.org/?v=6.7.2 https://www.rochesterrealestateblog.com/wp-content/uploads/2016/11/cropped-SITE-LOGO-512-x-512-1-32x32.png Before Getting a Real Estate License, Consider These Things! – Rochester Real Estate | LOCAL Homes For Sale https://www.rochesterrealestateblog.com 32 32 June Home Maintenance Checklist: 40+ Must-Do Tasks to Prepare Your Home for Summer https://www.rochesterrealestateblog.com/june-home-maintenance-checklist-summer-prep/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20501 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> May Home Maintenance Checklist: 30 Essential Tasks to Prepare Your Home for Summer https://www.rochesterrealestateblog.com/may-home-maintenance-checklist/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20484 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> April Home Maintenance Checklist: How To Prepare Your Rochester NY Home For Spring https://www.rochesterrealestateblog.com/april-home-maintenance-checklist/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20364 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> March Home Maintenance Checklist: Get Your New York Home Ready for Spring https://www.rochesterrealestateblog.com/march-home-maintenance-checklist/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20338 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Buy a House in New York https://www.rochesterrealestateblog.com/buy-a-house-in-new-york/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19906 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Sell a House in New York https://www.rochesterrealestateblog.com/sell-a-house-in-new-york/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19905 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Risks of Buying a Non-Warrantable Condo In New York: What You Need to Know https://www.rochesterrealestateblog.com/non-warrantable-condo/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19796 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Builders Should Know About Spec Construction Loans In New York https://www.rochesterrealestateblog.com/builders-spec-construction-loans/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19795 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Moving To The Finger Lakes Region Of New York | Guide To Relocating To The Finger Lakes https://www.rochesterrealestateblog.com/moving-to-the-finger-lakes-region/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19875 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Navigating the Numbers: The Pros and Cons of Using Online Home Value Estimators For New York Real Estate https://www.rochesterrealestateblog.com/pros-cons-online-home-value-estimators/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19794 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Role of Location in Home Valuation In New York https://www.rochesterrealestateblog.com/role-of-location-home-valuation/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19768 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Lowe’s vs U-Haul: A Review of Truck Rental Companies https://www.rochesterrealestateblog.com/lowes-vs-uhaul/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19758 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Understanding the Importance of a Seller’s Property Condition Disclosure https://www.rochesterrealestateblog.com/property-condition-disclosure-statement/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19632 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What are Delayed Showings and Negotiations in Real Estate In New York? https://www.rochesterrealestateblog.com/delayed-showings-negotiations/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19547 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 8 Viable Tactics to Selling Your Home and Moving Out of State https://www.rochesterrealestateblog.com/selling-home-moving-out-of-state/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19542 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Unconventional Methods for Selling a House: Thinking Outside the Box https://www.rochesterrealestateblog.com/unconventional-methods-for-selling-a-house/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19519 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Sell My House Off Market: Pros and Cons Explained https://www.rochesterrealestateblog.com/sell-house-off-market/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19503 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What is PITI and How Does It Affect Your Mortgage https://www.rochesterrealestateblog.com/what-is-piti/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19498 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Set A Home Renovation Budget https://www.rochesterrealestateblog.com/home-renovation-budget/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19490 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Does A Co-Borrowers Credit Scores Affect A Home Purchase? https://www.rochesterrealestateblog.com/co-borrower-credit-score/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19474 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> New Construction Final Walk-Through Checklist: Ensuring a Seamless Home Inspection https://www.rochesterrealestateblog.com/new-construction-final-walk-through/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19458 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Essential Tips for Pumping a Septic Tank: What You Need to Know https://www.rochesterrealestateblog.com/pumping-a-septic-tank/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19450 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Can You Submit Multiple Offers On Homes At Once – A Legal And Ethical Analysis https://www.rochesterrealestateblog.com/multiple-offers-on-homes-at-once/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19414 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Get Your Home Photo Ready for Real Estate Listings https://www.rochesterrealestateblog.com/real-estate-photo-ready/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19409 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does a Home Builder’s Warranty Cover? https://www.rochesterrealestateblog.com/home-builders-warranty/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19394 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> July 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/july-2023-rochester-ny-real-estate-market-update/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19403 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Who Pays Real Estate Commission When You Buy or Sell a Home https://www.rochesterrealestateblog.com/real-estate-commission/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19366 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Quitclaim Deeds: What You Need to Know https://www.rochesterrealestateblog.com/quitclaim-deeds/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19358 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Know About Selling a Home As Is for Cash https://www.rochesterrealestateblog.com/selling-home-as-is-cash/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19347 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Know if My House Has Paranormal Activity https://www.rochesterrealestateblog.com/is-my-house-haunted/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19342 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Why Find The History of a House https://www.rochesterrealestateblog.com/find-history-house/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19316 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> June 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/june-2023-rochester-ny-area-real-estate-market-update/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19313 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does a Real Estate Lawyer Do? https://www.rochesterrealestateblog.com/real-estate-lawyer/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19181 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> May 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/may-2023-rochester-ny-area-real-estate-market-update/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19162 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Know About Buying a Home For The First Time https://www.rochesterrealestateblog.com/buying-home-first-time/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19058 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> <strong>What Should a Buyer Look For at a Home Inspection?</strong> https://www.rochesterrealestateblog.com/what-look-for-home-inspection/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18983 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Companies That Buy Houses For Cash Reviewed https://www.rochesterrealestateblog.com/companies-buy-houses-for-cash/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18889 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Does Home Staging Work and What is The Cost? https://www.rochesterrealestateblog.com/does-home-staging-work/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18814 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Avoid When Getting a Mortgage https://www.rochesterrealestateblog.com/avoid-when-getting-mortgage/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18797 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> <strong>5 Options For Replacing a Roof Reviewed</strong> https://www.rochesterrealestateblog.com/replacing-roof/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18771 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are Restrictive Covenants in Real Estate? https://www.rochesterrealestateblog.com/restrictive-covenants/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18714 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Can The Court Force The Sale of Your House in Divorce? https://www.rochesterrealestateblog.com/court-force-sale-divorce/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18693 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Real Estate Agent vs. Broker: What&#8217;s The Difference? https://www.rochesterrealestateblog.com/real-estate-agent-vs-broker/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18650 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Determine Square Feet In Your House For More Accurate Property Estimates https://www.rochesterrealestateblog.com/determine-square-feet/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18167 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 3 Things That Often Results in a Real Estate Agent Getting Sued https://www.rochesterrealestateblog.com/real-estate-agent-sued/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18133 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Top 5 Types Of Home Inspections Buyers Should Consider https://www.rochesterrealestateblog.com/5-types-home-inspections/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18119 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Pros And Cons Of Rent To Own Homes: What You Need To Know https://www.rochesterrealestateblog.com/pros-cons-rent-own-homes/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18104 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Smart Things To Do Before Moving That Will Help Ease Your Transition https://www.rochesterrealestateblog.com/things-before-moving/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18084 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Become a Real Estate Agent https://www.rochesterrealestateblog.com/become-real-estate-agent/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18071 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Renting A House Or An Apartment: Which Is The Better Option https://www.rochesterrealestateblog.com/renting-house-apartment/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17871 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The 5 Most Important Factors To Consider When Buying A House https://www.rochesterrealestateblog.com/5-factors-buying-house/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17851 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Buyers And Sellers Need To Know About An Appraisal Gap https://www.rochesterrealestateblog.com/appraisal-gap/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17827 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Pros And Cons Of Renting With Roommates – What You Need To Know https://www.rochesterrealestateblog.com/renting-with-roommates/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17794 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 6 Things You Should Know About Buying Land https://www.rochesterrealestateblog.com/things-know-buying-land/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17773 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Long Should Home Sellers Wait To Respond To An Offer On Their Home? https://www.rochesterrealestateblog.com/home-sellers-wait-respond-offer/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17745 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Buy A House With A Low Credit Score https://www.rochesterrealestateblog.com/how-to-buy-a-house-with-a-low-credit-score/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16819 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Things To Consider When Shipping A Car https://www.rochesterrealestateblog.com/things-to-consider-when-shipping-a-car/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16248 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Home Depot Truck Rentals: What to Know Including Pricing https://www.rochesterrealestateblog.com/home-depot-truck-rentals-what-to-know-including-pricing/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16156 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 16 Things To Do Before Listing Your Home For Sale https://www.rochesterrealestateblog.com/16-things-to-do-before-listing-your-home-for-sale/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16138 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Biggest Home Inspection Mistakes to Avoid https://www.rochesterrealestateblog.com/biggest-home-inspection-mistakes-to-avoid/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16112 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Your Credit Score Impacts Your Ability To Buy A House https://www.rochesterrealestateblog.com/how-credit-score-impacts-buying-house/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16086 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Winter Home Selling Mistakes | 7 Errors Made While Selling A House During The Winter https://www.rochesterrealestateblog.com/top-winter-home-selling-mistakes/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16051 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Winter Home Buying Mistakes | 11 Errors Made While Buying A House During The Winter https://www.rochesterrealestateblog.com/winter-home-buying-mistakes/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16013 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Address Change Form Should I Use At The Post Office? https://www.rochesterrealestateblog.com/address-change-form-post-office/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15981 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does Contingent Status Mean in Real Estate? https://www.rochesterrealestateblog.com/what-does-contingent-status-mean-real-estate/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15956 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> DIY Renovation Ideas For Your Backyard https://www.rochesterrealestateblog.com/diy-renovation-ideas-backyard/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15937 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Rent Your First Apartment Guide https://www.rochesterrealestateblog.com/how-to-rent-an-apartment/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15931 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Tips For Selling A Home Virtually https://www.rochesterrealestateblog.com/tips-selling-a-home-virtually/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15907 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Complete Winter Storage Checklist For Your Belongings https://www.rochesterrealestateblog.com/winter-storage-checklist/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15885 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Waive My Home Inspection When Buying A House? https://www.rochesterrealestateblog.com/should-i-waive-my-home-inspection/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15870 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Biggest Self Storage Companies Reviewed https://www.rochesterrealestateblog.com/biggest-self-storage-companies/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15836 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Earnest Money and House Deposits Explained https://www.rochesterrealestateblog.com/earnest-money-house-deposits-explained/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15760 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Moving Mistakes To Avoid https://www.rochesterrealestateblog.com/moving-mistakes-to-avoid/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15568 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Mortgage Myths | Demystifying Common Home Loan Misconceptions https://www.rochesterrealestateblog.com/top-mortgage-myths/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15102 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> First-Time Home Buyer Mistakes to Avoid https://www.rochesterrealestateblog.com/first-time-home-buyer-mistakes/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=14815 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 10 Tips For Adding Appeal To Your Home This Summer https://www.rochesterrealestateblog.com/10-tips-adding-appeal-to-home-this-summer/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=14237 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Exploring The Merits of Smart Home Technology When Selling a Home https://www.rochesterrealestateblog.com/smart-home-technology-selling-a-home/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13782 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Frequently Asked Questions From Home Sellers https://www.rochesterrealestateblog.com/top-frequently-asked-questions-home-sellers/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=2424 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> First Time Home Buyer Programs In Rochester NY &#8211; Updated January 2025 https://www.rochesterrealestateblog.com/first-time-home-buyer-programs/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock http://rochesterrealestateblog.com/?p=580 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How New Doors &#038; Windows Can Boost Your Home Value https://www.rochesterrealestateblog.com/how-new-doors-windows-boost-your-home-value/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13643 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top 5 Things To Know When Flipping Your First House https://www.rochesterrealestateblog.com/5-things-to-know-when-flipping-your-first-house/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13574 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are The Best Mortgage Options for Self Employed Borrowers? https://www.rochesterrealestateblog.com/mortgage-options-for-self-employed-borrowers/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13450 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top 10 Best Places To See Christmas Lights In Rochester NY https://www.rochesterrealestateblog.com/top-10-best-places-see-christmas-lights-rochester-ny/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=10236 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are The PROs And CONs Of Multifamily Homes? https://www.rochesterrealestateblog.com/what-are-the-pros-and-cons-of-multifamily-homes/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13219 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Low-Cost Home Improvements Should You Make Before Selling Your Home? https://www.rochesterrealestateblog.com/low-cost-home-improvements-you-should-make-before-selling-your-home/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13114 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 15 Things Millennial Home Buyers Look At While Buying A House https://www.rochesterrealestateblog.com/15-things-millennial-home-buyers-look-at-while-buying-a-house/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13028 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Does A Fence Increase The Value Of Your Home https://www.rochesterrealestateblog.com/how-does-a-fence-increase-the-value-of-your-home/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12995 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Simple &#038; Low Cost Fixes To Make Your Home More Appealing To Buyers https://www.rochesterrealestateblog.com/5-simple-and-low-cost-fixes-to-make-your-home-more-appealing-to-buyers/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12779 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Improve A Homes Curb Appeal In Rochester NY https://www.rochesterrealestateblog.com/how-to-improve-a-homes-curb-appeal-rochester-ny/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12665 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 7 Ways to Create an Energy-Efficient Home While Conserving Your Budget https://www.rochesterrealestateblog.com/7-ways-create-an-energy-efficient-home/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12633 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Hiring Movers Vs. Moving Yourself | The PROs &#038; CONs Of Each https://www.rochesterrealestateblog.com/hiring-movers-vs-moving-yourself/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12592 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should You Pay Off Student Loans Before Purchasing a Home? https://www.rochesterrealestateblog.com/pay-off-student-loans-before-purchasing-a-home/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12531 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Build A New Home Or Buy An Existing Home? https://www.rochesterrealestateblog.com/should-i-build-a-new-home-or-buy-an-existing-home/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=2497 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Buying A Condo Vs. Renting A Condo | What Are The PROs &#038; CONs? https://www.rochesterrealestateblog.com/buying-a-condo-vs-renting-a-condo/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12402 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 9 Money Saving Moving Tips | How To Cut Costs When Moving https://www.rochesterrealestateblog.com/9-money-saving-moving-tips/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12341 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Create a Proper Home Maintenance Checklist https://www.rochesterrealestateblog.com/how-to-create-a-proper-home-maintenance-checklist/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12300 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Tips For Tenant Screening | How To Weed Out Bad Tenant Applicants https://www.rochesterrealestateblog.com/tips-for-tenant-screening/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12291 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Social Media Blogs For Real Estate From 2017 https://www.rochesterrealestateblog.com/best-social-media-blogs-2017/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12045 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Home Improvement Blogs From 2017 | Advice For Home Remodeling https://www.rochesterrealestateblog.com/best-home-improvement-blogs-2017/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12044 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Mortgage Blogs From 2017 | Advice For Home Financing https://www.rochesterrealestateblog.com/best-mortgage-blogs-2017/ Fri, 01 Aug 2014 11:30:01 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12043 Before Getting a Real Estate License, Consider the Following![/caption] Real estate can be a very fulfilling profession.  As a real estate agent, you are helping buyer's and seller's with one of the largest transactions, if not the largest, they will ever experience in their life.  The chance to give a first time home buyer the keys to their new home is priceless.  As a real estate agent you are the hero when you bring a seller a full price offer on their home that you are selling. Being a real estate agent is often seen by many as someone who has an easy job and makes boatloads of money.  Many have "Illusions of Grandeur!"  Simply put, this is wrong.  New real estate agents enter the business on a daily basis and real estate agents leave the business on a daily basis.  Many new agents don't last long in the business because they don't stop and think what exactly is needed to be successful in the business. It's been said many times by new real estate agents, "I like looking at houses, so I'll be a good real estate agent."  Another one is, "I watch HGTV and watch all sorts of real estate TV shows, so I know I'll be a good Real Estate Agent!"  This is wrong as well.  Selling real estate is more than driving clients around town and opening doors.  There are many things that a successful real estate agent does on a daily basis, that the general public doesn't know about! There are many things that need to be taken into consideration before getting a real estate license.  Here are some of the most important things to consider beforehand! What "Start-Up" Costs Are Involved in Real Estate? Thinking about the costs involved in getting into real estate is an extremely important thing to consider before doing so!  It's fairly inexpensive to obtain a real estate license.  Each state, town, and area will have different costs and rules associated with getting a real estate license, but are fairly similar.  For example, New York State requires that a 75 hour licensing course is completed.  The 75 hour course ends with a final examination.  The cost for licensing courses, generally, ranges between $450-$600 for the course hours and text books.  After passing the 75 hour course and exam, a state exam must be passed with a score of 70% or greater. Once the real estate license is obtained, the costs start adding up.  After obtaining a real estate license, the next step is finding a sponsoring broker or real estate company who will "hold your license," or simply put, hire you.  Every real estate company has different monthly fees, quarterly fees, yearly fees, etc.  These fees can include items such as a "desk fee," charges for copies, or charges for an office.  Each broker will also have different commission splits and agreements with their agents, often based on what their fees and charges are.  Bottom line, there likely will be additional "start-up" costs once you find a broker to "hold your license," and it's important to find out exactly what the fees and charges will be, so ask!  Just like it is so important that a buyer or seller hire the "correct" real estate agent, it's as important when considering a career in real estate, you select the "correct" broker for your situation! After finding a sponsoring broker, the next step is joining the local real estate board.  Each real estate board is different, however, there will be costs associated with joining, sometimes known as "dues."  These costs can include things such as fees to use the local Multiple Listing Service (MLS), fees to the State's Association of Realtors, and the National Association of Realtors.  Like the licensing course, the cost varies from state-to-state, but generally will range between $800-$1200.  These "dues" are generally a yearly expense. [caption id="attachment_1260" align="alignright" width="380"]Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license! Having Unrealistic Expectations Often Leads to Failure in Real Estate! Consider what your expectations will be before obtaining a real estate license![/caption] What Do You Expect to Accomplish in Real Estate? Having unrealistic expectations is a very common mistake made by new real estate agents entering the business, but also, a very common mistake made by buyers and sellers.  Many new real estate agents come into the business having visions of being the top real estate agent in their office in their first year.  While possible, it's a very long shot that this is actually what happens for new real estate agents.  Setting realistic goals is an absolute in real estate.  The key word being, realistic!  A broker should be able to assist in setting realistic goals! By setting unrealistic expectations, new agents are often "let-down" after they fall severely short of their lofty expectations.  Some people are unable to handle rejection and failure, and those are normally the ones who only last a year or two (or less) in the business.  The real estate business is filled with rejection and failure, so this is something that absolutely needs to be considered before getting a real estate license.  Can you handle it? Are You Going to be a Part-Time Agent or a Full-Time Agent? Even though many people will say real estate is "easy money," it isn't, period!  What makes real estate even harder, is being a part-time agent.  It can be done, however, it is extremely difficult.  If a new real estate agent is planning on being a part-time agent, they need to keep this in mind while setting their expectations.  A part-time agent is not going to sell 100 homes in a year, it just isn't going to happen!  Nor is a part-time agent going to make $100,000 a year.  Being a part-time agent is understandable, seeing as it is possible to go 3-6 months before earning a "paycheck." If a new real estate agent has the capabilities and capital to be a full-time real estate agent right away, it is the best case scenario.  This, however, does not mean that success will be a given.  A new full-time real estate agent will often find themselves wasting valuable hours of a day, doing nothing productive to help grow their business.  There are plenty of things that can be done during "down-time" that are relatively cheap or free.  Tasks such as blogging, interacting on social media, prospecting by door knocking, or calling old friends and family are all examples of a real estate agent utilizing "down-time" to help grow their business. Unlike full-time employees of a large employer who receive compensation in terms of healthcare benefits, real estate agents do not.  Real estate agents are responsible for their own healthcare, which often can be expensive, so this is also something that must be considered. Becoming a part-time agent versus full-time agent needs to be considered before obtaining a real estate license. [caption id="attachment_1258" align="alignleft" width="350"]"Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends! "Flexible" schedules don't always mean less work. They often mean long days, longer nights, and longest weekends![/caption] What is Your Availability? Many new real estate agents get into the business because they love the idea of a "flexible" schedule.  While the schedule is "flexible" it often means you have to be "flexible" when serving your clients!  This can lead to many long days and longer nights and weekends!  For a part-time agent who may also have a full-time job, this can mean working 80,90, or 100 hours in a week.  Before getting a real estate license, are you willing to show clients a home at 8:00 PM on a weeknight?  Or 9:00 AM on a Saturday?  Are you willing to field phone calls at 9:00 PM on a weeknight from other agents wanting to show your seller's home? Before getting a real estate license, it's important to take into consideration current familial status.  A person's familial status, often has a huge impact on their availability.  A 22 year old single man is going to have more availability than a 33 year old married mother of 3.  The "flexible" schedule can be beneficial, however, there are odd times where "duty calls."  Consideration of these odd times, is important, as these times can often be overwhelming and lead to new real estate agents not succeeding in the business. Are You Organized? Being organized is an absolute "must have" trait for real estate agents for multiple reasons.  Real estate agents are independent contractors.  This means organizing daily schedules, keeping track of prospective buyers and sellers, keeping track of pending transactions, and more!  There are programs available to real estate agents to help them keep track of their client base, prospects, closings, and expenses, such as Top Producer Systems.  It is very common that newer agents (or even experienced agents) "drop the ball" on transactions, if they are not organized. Real estate agents do not have book-keepers either.  It is important to be organized to keep records and receipts of money being spent on marketing, advertising, customer entertaining, education, and many other categories.  It is possible that a real estate agent can get audited, and keeping accurate and organized records is important should this happen! The above are a few considerations to take into account before getting a real estate license.  Real estate can be an extremely fulfilling profession, but it does take lots of hard work, time, and money!   Other Resources to Read Before Getting a Real Estate License: What other things do you think should be considered before getting a real estate license?? If you are considering a career in real estate, please feel free to contact us, as we'd be happy to answer any questions you may have about the real estate profession!  Also, if you are curious about what it takes to become a real estate agent in Rochester, NY, we'd be happy to give you a detailed overview of the process.
About the authors:  The above article "Before Getting a Real Estate License, Consider These Things!" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]>