The 15 Services Of A Virtual Assistant In Real Estate Business

Virtual assistants can do many things to assist in the conduct of business of a real estate firm.

Virtual office assistants perform services in all aspects of office work. What you will do is delegate some of your job responsibilities to them with instructions to perform said responsibility in accordance with your established system. Here are our top 15 ways you can utilize a real estate virtual assistant.

Research for potential sellers via online newspapers, online courthouse records, MLS listings, FSBO listings

Negotiate with sellers and buyers

Compile information for Comparative Marketing Analysis' (CMA's) for potential and new clients.

Make analysis of sellers' motivations

Upload information and materials to MLS and other online resource

Supervise home showings

Prepare mail matters to buyers and sellers

Perform outbound telemarketing calls seeking clients/sellers/buyers

Manage your email campaigns

Enter leads into your CRM (contact relationship management) program. This may be Top Producer, ACT!, or another CRM program.

Search and locate missing homeowners and tenants delinquent with their rents.

Act as your appointments secretary

Gather and arrange data in Excel spreadsheets as reference material

Merge mail abstracts and process mailings using MS Word

Act as your telephone operator

Virtual assistants are starting to become permanent fixtures in business establishments. Today, virtual assistants are still relatively a rarity and many people have no idea and need to be apprised of what it is or what it does although this is expected to change soon with the growing demand for and awareness of real estate virtual assistants.

Implementing the use of a real estate virtual assistant, especially through a virtual staffing agency is a low-cost, low-risk undertaking. If the real estate virtual assistant doesn't work out, you simply request another, perhaps for a better fit. What's more, coupling the use of a real estate virtual assistant (or several assistants) with your already up-and-coming business can catapult your income and success to the next level and beyond.

Will your business be on the forefront of this cost-saving phenomenon of efficiency?

If you are just beginning your search for Playa Del Carmen real estate you will undoubtedly have many questions about the process. Let us show you Mexico real estate for sale and guide you through the process.

How To Make Money With The Fix And Flip Formula

A great way to make money in real estate is making money with a fix and flip property. However, it isn't about repairing drywall and planting flowers. What this is about is how you do the numbers.

Buying and selling a fixer-upper even without a definite plan is what most people often do. They buy a house, fix it up, then add $10,000 or $20,000 onto their costs. Then, they will put the house up for sale at this price.

Have you ever bought a house according to what the seller has into it? Of course not. You look at similar houses to determine the value. If what you have is $110,000 into a fix and flip project and similar homes are selling for $105,000, then how much will you get? You may have noticed that it has nothing to do with what you have spent.

The Fix And Flip Formula

The after-repair value of the house that you are looking at is what you need to determine. Get an appraiser's help, or look at what similar houses have actually sold for (not asking prices). The price that it is likely to sell for will be your starting point.

Calculate costs: closing fees, loan fees, document prep, homeowner's insurance, title policy, repair costs, interest on loans, property taxes, sales commission, fees, title policy, etc. What you want are the projected costs of all four categories namely buying, improving, carrying, and selling. From the expected sales price, you can subtract all costs.

Subtract a profit that makes it worth the effort. Now you have the highest price you can pay. You have to walk away if you can't get it for this price or less. You'll offer thousands less, of course, to give yourself negotiating room.

Example of a Fix and Flip

You were able to determine that you can get $98,000 for the fixer-upper that you have found once it is done. For the buying costs, it will be about $2,000. Repair estimates add up to $8,000. Carrying costs will be $2,500. The sales commission and other closing costs will amount to about $8,000. You figure in $1,500 for the "unexpected." For your effort, a profit of about $10,000 is what you want.

When all of that has been subtracted from your expected sales price, then you have $66,000. If you want a safe real estate investment, then that's the most you have to pay. If you and the seller can't settle on something under $66,000, then offer $61,000 then walk away.

What you do is that you always start with the eventual sales price and work your way back. In order to safely do a fix and flip, this is the right way.

If you are just beginning your search for Playa Del Carmen real estate you will undoubtedly have many questions about the process. Let us show you Mexico real estate for sale and guide you through the process.

The First Impression Of A Buyer

In your opinion, your home is just about the best place to live or raise a family. But a buyer will have his own point of view.


The Buyer's First Thought


Love at first sight is a clich©, but all clich©s have an underlying truth. People are emotional. Whether intentionally or unintentionally, we always form a first impression of everything we come in contact with. And that first impression may be conscious or subconscious. Usually, our first impressions will affect our subsequent decisions. This is really important when you are selling a property.


As a seller, you should understand that a buyer's first impression of your house is of utmost importance. If your home doesn't make a good first impression, the buyer will go look at other homes. It is as simple as that. Let's examine the two areas where you have to make a good first impression on.


Obviously, one area is when a buyer first comes to see the property. When buyers drive up your street, they are already evaluating things. They are looking at all the homes, not just yours. As a result, it is important that you home looks as good as it can compared to those around you. You have to maintain the landscaping. You have to keep things tidy, pretty up the place, and so on. If you have a driveway, make sure to clean it. You should also close the garage doors. The list goes on and on.


A less obvious area where a first impression is created deals with photographs of a home. About 70% of buyers do their initial shopping on the internet. It's important tog et yourself on the websites. The key to web listings would be the photos of your home. You should upload as many great pictures as you can. You should never include dark pictures. The web listing process is like a dating site. The homebuyers click through many properties, so you have to make sure that the photos of your home will be able to attract them. You may even consider hiring a professional photographer.


A really good way to evaluate your house is to have other people look at it and give their opinions. You can ask your friends, but have them understand that you want only critical comments. To this end, you need to brace yourself for such comments. Don't ask for their help and then get angry when they give it.

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