This past Sunday I was up at 6 am. "Ugh," you say? "Slept in," I say! For my day job (yes, yes, I'm going to be one of those dreaded "part-time real estate agents" for several years) I typically start work around 4am, so sleeping in until 6 is a real luxury.
Anyhoo, hubby had agreed to view some open houses with me and all I had to do was pick out the ones I wanted to see. I sat down for some quality time with Realtor.com to find open houses in our area in the price ranges I wanted. From my prior research, I'd learned that the median home price in my area runs about 300K. My plan is for my median closing to run about 750K thus I was filtering for homes above 600K. Plenty from which to choose!It took some time and a lot of talking to myself (you get really weird looks from your significant other and your dogs when you do this), but I ended up with 10 homes to visit ranging from 575K to 2.9mil. By the numbers:
- 10 because more than one of the brokers with whom I interviewed said that can be a pretty standard number of homes to visit in a day with a client and I'm a bit skeptical.
- 5 homes in the 600K - 900K range figuring this will probably be my typical price range.
- 5 homes in the 1mil - 3mil range with the thought that since I'll certainly take on clients looking for homes under 600K I should also be willing to take on those above 900K as well, I just happen to have more personal experience with the under 600K homes already
so this timeI went higher; ok, ok one was only 920K, but I rounded that one up to 1mil because of location - three of these were in a single neighborhood within blocks of each other with prices at 920K, 1.9mil, and 2.9mil, and all of them looked and sounded good online so I wanted to see what the differences really were; the other 2 at 1mil each were outliers for contrast - one in the country with 10 acres, and 1 brand new home.
In a spreadsheet I noted:
- Start time
- End time
- Street address
- City, State, Zip
- Listing Agent
- Half Baths
- Garage Spaces
- Sq Ft
- Lot Size
- Price Per Sq Ft (calculated)
- Commission (calculated at a "typical" 3%)
- Taxes on that Commission (calculated at a hopefully overly-generous given deductions 40%)
- "Net" Pre-Expenses take away (calculated)
I've trialed many of the current routing software options available but haven't found one that does exactly what I want. As I refuse to spend money on something I feel I can do just as well for free with a spreadsheet and Google or MapQuest I set out making a spreadsheet. I spent quite a bit of time arranging that to suit my desires. Since I intend to reuse it when routing showings for future clients, it was time well spent yet it was not
My next step was to visit MapQuest (Why did I
While I had had a goal of being at the first home when it opened, this all took me longer than I thought it would. Enough time that I feel lesson learned #1 = allow plenty of time to plan
By a little after 11 am we were ready to roll with the ordered list of homes, Realtor.com app on my phone, and the full route loaded into MapQuest. The first home opened at 11, so my first goal was missed by a mile. Oh, and I had been planning to wash my Jeep. With no time left, our transportation would be muddy. So truly, two goals missed! Despite that, we were finally off and running,
Or were we?