Skip to main content

Does Real Estate Industry have a Classification/Reward system for Real Estate Sellers of the homes they sold next to the number of homes they built?

I've been thinking.... And quickly losing much level of respect for people involved in selling real estate. I don't care if you're Warren buffet or Dave Ramsey..... What I want to know is how many homes you have built as a real estate investor vs how many you have sold.... I think if people(customers) could know this then it would quickly expose some weak hands....

I don't even want you in my friends circle if you are in real estate and haven't built 2 homes for every 3 that you sold..... Please don't tell me on this post that real estate investors cant do that because it would dilute their market and drop prices drastically due to inventory increase(frankly, this is an easy thought to conclude)

So what I want to know from some of you is if there is a merit based recognition system or something in the real estate industry where common home buyers can KNOW FOR A FACT that the real estate seller(or even broker/scalper) has built at least 2 homes for every 3 homes they sold. Additionally I want some thoughts on how someone(maybe me) can start an organization that allows real estate investors/sellers to be placed on a RECOGNITION LIST that they have done so. This could allow more home buyers to migrate towards those real estate sellers knowing they have had a positive impact on society rather than an egregiously based greedy "take my money" approach....

(This should be quite an interesting discussion)

submitted by /u/Wise_Cut_2543
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/161qmqt/does_real_estate_industry_have_a/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...