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All Forum Posts by: Joe Dijamco

Joe Dijamco has started 4 posts and replied 26 times.

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3
Originally posted by @Ryan Huggins:
Originally posted by @Jorge Contreras:
Originally posted by @Joe Dijamco:

@Ryan Huggins - my house is pretty standard (with upgraded features), built in 2015 and regular neighborhood in the NW part of LV. We did interview 3 other agents and one stood out because of her experience and sales record in the past 12 months. As far as commission, you're totally right about not discounting it since we are family and he needs to earn a living as well. About the lack of experience, his wife (sis-in-law) did mention that he will do the same thing by pricing the house to sell and market it on the MLS and other marketing channels. So why not give him the chance and save you some money?

 The problem with saving some money with family is they also feel they can be lazy due to the fact they see it now as them doing you a favor instead of having a sense of responsibility they will be lazy unless you pay them full commission and hold them accountable to you as a client.

Also a good agent will not be content with just putting it on the MLS, they will seek ways to sell the property such as marketing, open houses, spreading the word to other agents. Rarely have I seen them relly on the buying agent to help them make the deal rather than make the deal themselves. What plans does your in law have in selling your property? How fast are properties in your area with similar conditions are selling for? Can your in law match it or best it?

Very good points Jorge.  That's why I suggested to make him apply like anyone else and to work for it.

Joe, "pricing to sell" often means the same as under pricing it.  Make sure you review the comps and pick the price you feel is accurate.  When you interview other agents, make sure to get their price to compare.

Thanks for suggestion. We interviewed several agents and reviewed their CMA proposals. They all have similar suggested price, and like you said: 'pick the price you feel is accurate' that's exactly what we're doing and looking at other factors.

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3
Originally posted by @Jorge Contreras:
Originally posted by @Joe Dijamco:
Originally posted by @Ariel Smith:

@Joe Dijamco Does he have a mentor or someone who is helping him to learn the business? 5 homes in 2 years in your area (Vegas) would not be a living wage so he must have another form of income. Is he full time or part time? 

These are the things I'd be wondering instead of him simply being inexperienced. New agents can be great if they are under a mentor or a great broker that can provide support and guidance with the transaction. You hiring him could give him a leg up to help jumpstart his career.

On the flip side, if he is a part time agent or doesn't have a mentor to lean on when things get tough or inevitably come up, then you are doing yourself a disservice to hire him. You should go with a more experienced agent if that is the case. It could literally cost you thousands to hire him.

 He does have a mentor that offers support & guidance, but not sure if he's a great broker. Hiring him could give help his career--this has been the overall message in the family. He had a full-time job but he left early this year to focus on real estate. Thanks, Ariel!        

 yeah you would be helping him jump start his career but you also need to understand that he will be learning on your dime and time. If he is committed then is shouldn't be an issue but if he begins slacking that can end up hurting your relationships and cost you money and wasted time.

All in all you know your in law and should be able to judge his character where as we can't as we don't know him so that added factor comes down to you, add that to all the post giving pros and cons and you should be able to decide. Either way let us know what you decide and how it turned out.

 Great feedback and agreed! Thanks, sir! 

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3
Originally posted by @Ariel Smith:

@Joe Dijamco Does he have a mentor or someone who is helping him to learn the business? 5 homes in 2 years in your area (Vegas) would not be a living wage so he must have another form of income. Is he full time or part time? 

These are the things I'd be wondering instead of him simply being inexperienced. New agents can be great if they are under a mentor or a great broker that can provide support and guidance with the transaction. You hiring him could give him a leg up to help jumpstart his career.

On the flip side, if he is a part time agent or doesn't have a mentor to lean on when things get tough or inevitably come up, then you are doing yourself a disservice to hire him. You should go with a more experienced agent if that is the case. It could literally cost you thousands to hire him.

 He does have a mentor that offers support & guidance, but not sure if he's a great broker. Hiring him could give help his career--this has been the overall message in the family. He had a full-time job but he left early this year to focus on real estate. Thanks, Ariel!        

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3
Originally posted by @Jorge Contreras:
Originally posted by @Joe Dijamco:

@Ryan Huggins - my house is pretty standard (with upgraded features), built in 2015 and regular neighborhood in the NW part of LV. We did interview 3 other agents and one stood out because of her experience and sales record in the past 12 months. As far as commission, you're totally right about not discounting it since we are family and he needs to earn a living as well. About the lack of experience, his wife (sis-in-law) did mention that he will do the same thing by pricing the house to sell and market it on the MLS and other marketing channels. So why not give him the chance and save you some money?

 The problem with saving some money with family is they also feel they can be lazy due to the fact they see it now as them doing you a favor instead of having a sense of responsibility they will be lazy unless you pay them full commission and hold them accountable to you as a client.

Also a good agent will not be content with just putting it on the MLS, they will seek ways to sell the property such as marketing, open houses, spreading the word to other agents. Rarely have I seen them relly on the buying agent to help them make the deal rather than make the deal themselves. What plans does your in law have in selling your property? How fast are properties in your area with similar conditions are selling for? Can your in law match it or best it?

His plans are: in addition to the MLS, networking with other in house agents and external contacts (not sure how many he has though). If it's priced to sell (let's say low $300k or at 299,999), see an offer within 30~45 days but some are selling quicker than others. He feels that we are doing him a favor by listing our property. Thanks, Jorge!

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3

@Ryan Huggins - my house is pretty standard (with upgraded features), built in 2015 and regular neighborhood in the NW part of LV. We did interview 3 other agents and one stood out because of her experience and sales record in the past 12 months. As far as commission, you're totally right about not discounting it since we are family and he needs to earn a living as well. About the lack of experience, his wife (sis-in-law) did mention that he will do the same thing by pricing the house to sell and market it on the MLS and other marketing channels. So why not give him the chance and save you some money?

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3

@Jorge Contreras - I appreciate the advice especially not letting my emotions get in the way. 

@Jennifer Beadles - listing and selling my primary residence. You're right, it's a tough spot and I'm trying to be nice about the whole situation because he needs the experience. 

Post: Should I hire my brother-in-law as my agent?

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3

My brother-in-law has been a Realtor for around 2 years and sold / bought ~5 homes. The family is 'kinda' pushing my wife & I to hire him because (1) he's cutting his commission (saving us money), (2) with a medium-large Realty, (3) needs the experience and (4) sales (helping out his family). 

My reservations are: I don't want to mix family with business, his lack of experience (sales too).

We just feel bad if we don't hire him because not giving him a chance to prove himself. What's the best way to approach this without causing a rift? Thanks, BP! 

Post: Document Storage Fees and more

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3

I'm about to list my property in Las Vegas and interviewing multiple agents. I've noticed the fees below listed on one of the agents' Net Sheet, and would like some input whether these fees are considered standard for a medium size Realty in Las Vegas or simply unnecessary fees? Thanks in advance! 

Name of Realty Document Storage Fee $4XX.00 - for storing my physical and electronic documents?  

HOA Resale $1XX.00

HOA Demand Fee $1XX.00

Post: Rent or Sell Las Vegas

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3

@Kris Hibbetts, I totally agree with @Account Closed it makes sense to sell now and invest the proceeds in acquiring other properties. I'm on the same path just waiting for my property to sell in the NW. 

Post: Las Vegas sales up 28% YoY for May17

Joe DijamcoPosted
  • Las Vegas, NV
  • Posts 29
  • Votes 3
Originally posted by @Omar Merced:

@Joe Dijamco The details are here

 @Omar Merced - thanks, sir!