House Calls: Seller Agrees
Dear Edith: In a recent column, you discussed the topic of neighbors who attend open houses with no intent to buy and whether Realtors encourage it.
My wife and I were like that. On many weekends, just out of curiosity, we attended several open houses in our neighborhood.
Finally, we had to sell our house. And what agent did we select to sell the house? An agent who we got to know through her many open houses. -- X.
Answer: Yes, at an open house, a broker will usually welcome non-buyers. That can be an advantage, not only to the agent but sometimes to the seller. Those "looky-loos" may well know people who always wanted to live in that area.
And just in general, the more people who know about property on the market, the more likely it is to find the right buyer.
No License Needed
Hello, Edith: I would like to invest in property in a year or two. I have heard different information about having/needing a real estate license to do so. Do I have to have a license to buy and sell property? Do I need a license to collect rent if I become a landlord? To invest in real estate, what would be the pros of having a license? -- X.
Answer: There's no requirement anywhere that indicates a real estate investor or landlord needs a real estate license. It wouldn't hurt, though, to review some of the material from your state's real estate salesperson course. There should be a copy of the textbook online or at your local library.
One way to learn the business is to find an experienced investor, perhaps someone who's getting old and may be interested in becoming partners with a beginner. If you're willing to do the running around part of the job, a partnership is not a bad way to start getting experience. Good luck!
From a Stager