THE RIGHT STUFF IN A GROWING FIELD OF AGENTS, FINDING THE PERFECT REAL-ESTATE GUIDE CAN BE A CHALLENGE.Byline: Evan Pondel Staff Writer When Rebecca Bowne describes her real estate agent, there's no mention of a sharklike instinct for what sells and what doesn't. Bowne, 57, simply characterizes her agent as an amiable person who thoughtfully crafts personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. thank-you notes even when a deal isn't realized. ``Sue is punctual punc·tu·al adj. 1. Acting or arriving exactly at the time appointed; prompt. 2. Paid or accomplished at or by the appointed time. 3. Precise; exact. 4. , courteous and always gracious,'' said the Pasadena homeowner who recently went shopping (to no avail) for condos with her agent, Sue Shearin of Sotheby's International Realty Sotheby’s International Realty, founded in 1976, is a luxury real estate network that offers a collection of luxury homes, estates and properties for sale throughout the world. . ``She even sent smoke detector smoke detector n. An alarm device that automatically detects the presence of smoke. Also called smoke alarm. batteries to us for the holidays ... without trying to get us to call her back.'' Either Shearin is truly a saint, or she is an expert when it comes to effective marketing after decades in the business. Regardless, a frenetic fre·net·ic or phre·net·ic also fre·net·i·cal or phre·net·i·cal adj. Wildly excited or active; frantic; frenzied. [Middle English frenetik, from Old French frenetique real estate market has attracted a bevy bevy a flock of birds. of new agents to the industry, making it more difficult for buyers and sellers to find the consummate broker. In June 2005, there were approximately 449,000 valid real estate licenses in California, a 25 percent increase when compared with the same month two years ago, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the California Department of Real Estate. Paralleling that increase is a rise in the number of ``desist and refrain orders'' sent to companies and people who had allegedly operated real estate businesses without appropriate licensing. ``Unlike restaurants, it's not always easy to find the right agent because they don't put a grade in the window,'' said Tom Pool, spokesman for the department, who recommends that consumers check the validity of their agent's license at www.dre.ca.gov. ``Word of mouth and references are another good place to start.'' But asking a neighbor or a friend whether they think highly of an agent may not be enough. There are other ways to debunk de·bunk tr.v. de·bunked, de·bunk·ing, de·bunks To expose or ridicule the falseness, sham, or exaggerated claims of: debunk a supposed miracle drug. a broker. Steven Levitt Steven David "Steve" Levitt (born May 29, 1967) is a prominent American economist best known for his work on crime, in particular on the link between legalized abortion and crime rates. Winner of the 2003 John Bates Clark Medal, he is currently the Alvin H. , a University of Chicago economist and co-author of ``Freakonomics,'' suggested the following questions for references: --When an offer came in, did the agent encourage you to take it or wait for a better one? --Who wanted to lower the price, you or the agent? --Did the agent do anything to help you that may have actually jeopardized the deal? ``You want an agent who tells you not to take bad offers, doesn't want you to list your house too low and doesn't mind a deal falling through,'' Levitt said via e-mail. Another approach is to accept that agents have different incentives. A seller should then hire a flat-fee broker who, for say $500, lists the house on the MLS See multilevel security. (Multiple Listing Service) and does nothing else, or does it for an hourly wage. ``You decide the price and do the negotiating. And if you are smart and willing to do some work, it can save you a bundle,'' Levitt said. Of course, not all sellers or buyers have the time for do-it-yourself home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. . For Bowne and her husband, finding an agent who knew the lay of the land was imperative because of their relocation to California. They sought the advice of a relocation agent. Most large companies have access to such an agent, who generally cobbles cob·ble 1 n. 1. A cobblestone. 2. Geology A rock fragment between 64 and 256 millimeters in diameter, especially one that has been naturally rounded. 3. cobbles See cob coal. tr. together a list of properties in advance of a move. Real estate brokerages are also beginning to offer more Internet listings. Re/Max International announced a program earlier this month to list all residential properties online. The program's deployment is slated for February 2006. ``No longer will a consumer have to visit multiple sites to view all properties for sale,'' David Liniger, Re/Max co-founder and chairman, said in a statement. The service, offered at www.remax.com, will compete with Realtor.com and other companies that are attempting to woo more prospective homeowners online. In theory, the electronic listings will help consumers save money by eliminating the footwork needed to find a house out-of-state. But the Internet doesn't replace the act of visiting a home. That's how Bowne eventually met Shearin. Shearin, who culls culls the animals extracted from a herd or flock by culling. most of her clients from referrals, takes pride in her no-frills approach to business. ``We rarely do floor time (agent speak for cold calls),'' said Shearin, who generally works with five to 10 clients at any given time. ``You need to be able to read the seller or the buyer and make them feel comfortable.'' As for Shearin's approach to finding an agent, ``look at their track record and get a sense of their reputation.'' That's sound advice, according to Delores Conway, director of the Casden Real Estate Economics Forecast at the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission . Conway also notes that most real estate agents specialize in different markets. So it behooves the seller or buyer to interview a few different agents to understand where they're coming from. ``Like finding a doctor, you want a person with the right skill level,'' she said. When Linda Kim and her husband sold a house in Highland several years ago, the stay-at-home mom knew right away that one of two agents had the right skill level. ``This one agent seemed like she was looking out for her own interests,'' Kim said. The tip-off: The agent offered to personally buy Kim's house at a lower price. But the other agent got it right. ``We trusted her immediately. And we felt like she was going to fight for us,'' said Kim, speaking of Eileen Valenti, real estate agent with Coldwell Banker Kivett-Teeters in Highland. Turns out Valenti has nearly three decades of experience, a selling point selling point n. An aspect of a product or service that is stressed in advertising or marketing. Noun 1. selling point - a characteristic of something that is up for sale that makes it attractive to potential customers when a frenzied market is supposedly attracting a wave of short-timers. ``There are a lot of unscrupulous people in the business because it's hot. And there are a lot of offices that have cropped up,'' Valenti said. ``As soon as the business slows down they will be pulling up their stakes.'' Randy Smith Randy Smith can refer to any of the following people:
Evan Pondel, (818) 713-3662 evan.pondel(at)dailynews.com CAPTION(S): 2 photos, box Photo: (1 -- color) no caption (Home) Photo/Box: (color) no caption (realtor) |
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