Your Golden State

02/17/2024

Lent season. No meat, No problem. Seafood noodles 🍜!!😋

01/02/2024

11/12/2023

SO…YOU WANT TO BE A REALTOR

There is a lot of talk in the news about real estate agent commissions. They LOVE what they do and they do it because they LOVE helping people but there is almost always a huge misconception on what they do and how they get paid. It's not a secret so here ya go...😊

The average FULL TIME REALTOR’s earnings last year was $31,900 @ 40+ hours a week. (Notice I wrote full time 40+ hours not 0-20 hours a week) which is well below the living wage. As a REALTOR they do not get paid a hourly wage or salary and they only get paid if they sell a home and it closes. They can only get paid by broker to broker. As an agent you could work with someone days, weeks, months, or years with no guarantee of a sale ever.

Essentially they wake up each day unemployed going on Job Interviews and they deal with constant rejection. They dedicate time away from family, use our time, gas, pay for babysitters, miss dinner and weekends and rarely take vacations. They are on 24/7! You constantly need to be on, or you could miss an opportunity. Once they do close a home, half goes to the other persons agent from the remaining half. They have lots of upfront expenses that must be paid out before they even get paid:

Broker Splits and Fees
Office rent and utilities
MLS Fees
NAR Fees
Local Association Fees
E&O Business Insurance
Extended Auto Insurance
Self-Employment Tax
State Licensing Fees
Advertising Fees
Showing Service Fees
Website Fees
Assistant's Salaries
Showing partners
Transaction coordinator
Yard Signs
Photographers
Videographers
Office Supplies
Business Cards
Property Flyers
Electronic Lockboxes
Continued RE Education
Legal Fees
Gas
Income taxes are not taken out so they have to put that aside around 25-30%.

Don’t forget health insurance if you don’t have a spouse who provides it.

As a listing agent they have lots of tasks far more than just selling a home.

1. Prepare Listing Presentation for Sellers
2. Research Sellers Property Tax Info
3. Research Comparable Sold Properties for Sellers
4. Determine Average Days on Market
5. Gather Info From Sellers About Their Home
6. Meet With Sellers at Their Home
7. Get To Know Their Home
8. Present Listing Pre

10/15/2023

Thank you to all that attended our son baptism. 💙

09/28/2023

For all the people that are waiting for tge interest rates to come down. This will happen to the housing market.

10.5K likes, 548 comments. “ with Corcoran Waiting will cost you. . . .”

09/22/2023

Strategy to bypass paying property taxes on your capital gain. Real Estate tips of the day.

09/05/2023

Don't wait until Feds increases down payment amount to 20%. Lock in your dream home and refi when interest lower.

08/02/2023

Different strategies to buy your second home and creating a flow of income or to help with the higher interest rate on your second mortgage. Something to think about. If you or anyone you may know that is interest in building wealth. Please reach out to me and I would love to assist you in the process.

04/06/2023

This program Dream for all well not last. Buyers who are going to use this program need to keep this in mind.

02/25/2023

The reason federal government is still rising rates.

69 Likes, 4 Comments - Samuel C Jung | Generational Wealth Starts Here () on Instagram: "THE IMPACT OF INFLATION ON THE HOUSING MARKET. Did you get priced out of your homebuying journey last year when the Federal Reserve aggressively hiked up the interest rates? One of the main indicator...

02/21/2023

Tips for homeownership.

174 Likes, 61 Comments - Devin Burr // I DONT TEACH TRADING () on Instagram: "Don't trap money, losing its ability to work for you!! Figure out how to make that money grow MORE than the amount in payment savings. Start by GUARANTEEING yourself tax free compound growth!! Then borrow against....