The Business of Being a Commercial Real Estate Agent

Working in commercial real estate is quite different from helping home buyers and sellers—you’re working with business owners and investors with a very different inventory.

A commercial transaction might deal with multi-family, mixed-use, retail, or office space. Therefore, successful commercial real estate agents must know about sales and leasing in a broad array of property types. There are different kinds of tenant negotiations that occur, and different types of marketing strategies. And a transaction could be for an owner occupied property or as a commercial real estate investment, adding additional factors to the transaction.

What do investors, buyers and tenants want from a commercial real estate professional

First off, commercial is a specialty, so it’s best that an agent gain experience and knowledge in this specific sector of the real estate field. Know (or learn) how to deal with commercial transactions—there are no uniform contracts or cookie cutter leases. That means sharpening your negotiation skills as well as understanding the leasing or commercial buying process.

Of course, just as with residential sales professionals, being proactive is important. Aside from canvassing the local market for properties and leads, research is key to commercial transactions.

  • Use your office’s systems and tools to research market rates for rentals
  • Become conversant in investment packages
  • Gain a full understanding of the different areas in your market. Do properties in certain areas attract certain kinds of businesses? Do the listing prices make sense for sale properties?
  • Can you provide a detailed and accurate financial analysis for commercial investors?

Aside from research, developing good relationships with area business owners can help create strong database and referral network. When that investor calls the office looking for help finding the right property, you’ll not only have the listings services as a resource, you’ll have local people to contact and potential space to visit because you’ve done your homework.

Speaking of referrals—remember that commercial real estate transactions often involve build outs and other improvements as part of the lease negotiations. Therefore, good power partners are architects, general contractors, and others involved in lease improvements.

More complicated investment deals may require partnering with others to make a successful transaction, so it’s important to know the players in your area or your office to create a winning team.

If you are working with tenants, it’s important that you show them you understand their businesses and that you are showing them space that makes sense for their needs. Whether it’s a restaurant, retailer, healthcare facility or law practice, every client has different needs in terms of square footage, utilities, parking and leasehold improvements.

When working with building owners, these clients want to know that you have a good performance record when it comes to finding strong tenants or solid buyers; your experience will speak for itself. They will also count on you to represent their interests to potential buyers or tenants, and that you can negotiate a strong deal on their behalf. Like the buyer or tenant, the seller or landlord will want to know that you have his/her best interests in mind throughout the transaction.

From any side of the transaction, building trust builds relationships that will in turn build business.

Build your book of business at Century 21 Cedarcrest Realty

Our office is growing—and we’re always looking for savvy commercial real estate agents to join our team. When you join our northern New Jersey office, you become part of one of the country’s most well-respected real estate organizations, with business-building tools and apps designed for commercial real estate agents. You can take advantage of commercial investment training that will position you for a broader range of transactions. Plus, you’ll benefit from our ongoing in-office training and development for agents at all stages of their careers—an important way we support our team, and why Century 21 Cedarcrest Realty consistently wins industry awards for sales volume and customer service—and accolades and awards from consumers as well.

Interested in learning more? Contact Susan Mazzetta at (973) 228-1050, ext. 126 for a confidential interview.

Are you an Experienced NJ Real Estate Sales Professional with a Career that’s Stuck in Neutral?

Experienced real estate agents know that a career in real estate has many rewards. To a large extent, you make your own hours and the earning potential is high—especially when you’ve nurtured great leads and have closed many successful transactions with happy customers.

However, as with many other careers, sometimes you need to make a change. Over time, motivation can lag and that spark can start to sputter when you’ve been in the same office for a very long time.

If you’re feeling like your real estate sales career has gotten stagnant, it might be time to change offices. And, if you’re working in northern New Jersey on residential sales and rentals, Century 21 Cedarcrest Realty in Caldwell, NJ has a place for you.

Our office is all about excitement and opportunity, working in an upscale market in northern New Jersey. In fact, Century 21 Cedarcrest Realty is a designated Fine Homes & Estates office; wouldn’t like a piece of that action?

Five great reasons to join Century 21 Cedarcrest Realty

  1. As one of our agents, you’ll be part of the vast Century 21 network, with opportunities to work with buyers and sellers from just about anywhere across the country—and around the world.
  2. We’re all about career development, and provide ongoing training in our own training center. Century 21 Cedarcrest Realty offers weekly training classes and provides guidance whenever you need it to help you keep your sales and marketing skills sharp and your customer relationships positive.
  3. No-fee leads – unlike other offices, Century 21 Cedarcrest Realty covers the cost of the lead management system to help maximize your earnings.
  4. Senior management that’s there and that cares. We’re not behind closed doors—we’re available every day for hands-on interactions with our sales associates, always ready to help you build your book of business.

Come rejuvenate your real estate career at Century 21 Cedarcrest Realty. Contact Susan Mazzetta at (973) 225-1050, ext. 126 for a confidential conversation about opportunities for seasoned real estate sales associates … and a future with Century 21 Cedarcrest Realty.

Are you Thinking of Getting into Real Estate? Century 21 Cedarcrest Realty is Hiring New Real Estate Agents!

Becoming a real estate sales professional can be an exciting and lucrative career for the right person – energetic, people-oriented, and with a passion for sales. At Century 21 Cedarcrest Realty, we’re looking for people who are interested in starting a new career in real estate. Experience is not required but a willingness to learn and work hard are definitely traits anyone must have to gain a foothold in this industry.

Benefits of working at Century 21 Cedarcrest Realty

  • You become part of a great team and an international network of real estate offices. Yes, our agents may work with buyers and sellers from just about anywhere.
  • Our corporate culture here is all about support, mentorship, and ongoing professional development.
  • Century 21 is a brand with powerful advertising and high consumer respect.
  • You’ll have access to industry-leading technology for maximum exposure and increased qualified leads.
  • Although we are specialists in Essex County real estate, our busy office represents buyers and sellers from throughout Northern New Jersey.
  • Century 21 Cedarcrest Realty was named 2015 “Best Realtor” by readers of Suburban Essex magazine in its Best of Essex Readers’ Choice Awards—and we’ve been nominated again for the 2016 honor.

We invest in your future with us

Century 21 Cedarcrest Realty also believes investing in the future success of our sales associates. One way we do that is to offer you a $100 discount off the mandatory state pre-licensing course, which prepares you to sit for the New Jersey real estate exam, in order to become a licensed real estate agent.

Then, after you’ve passed the exam and received your license, we provide ongoing expert training, led by seasoned real estate pros who’ve seen and done it all. They’ll teach you our winning sales and customer service techniques that get your foot in more doors with home buyers and sellers.

Upon your first closing with us, we then reimburse new agents for the out-of-pocket expense of the pre-licensing course, up to $275.

All our agents have access to Century 21’s superior real estate marketing, automation and communications systems as well as C21 University, an online resource that offers continuing education programs and a library of valuable assets to help you grow your book of business and refine your customer service skills.

About that training …

We offer weekly in-house training and professional development courses in our nicely appointed training room. These programs are managed by Susan Mazzetta, Century 21 Cedarcrest’s director of career development. Our agents also receive valuable mentorship about marketing their listings, customer relations, and sales techniques from Susan and Dennis DiSabato, our agency’s sales manager.

We have an open-door policy with senior management so that everyone at every level of experience can share challenges and gain valuable support and ideas; this extends not only to Susan, Dennis and broker owner, John Sass but to other team members as well.

Are you our next hire?

We’re looking for people with enthusiasm and motivation, strong interpersonal skills, and a passion for sales, to talk to us about their real estate career. The North Jersey market is hot right now and it’s a great time to get into the business (or build up an existing real estate career).
Prospective agents may upload a resume and get more information at http://century21cedarcrest.com/careers/. For a confidential interview, call Susan Mazzetta, director of career development at (973) 228-1050, ext. 126. We look forward to meeting you and bringing you into the world of real estate in Northern New Jersey!

Creating a Zen Garden for Your New Jersey Backyard

Zen—or dry—gardens date back to the late 14th century, when Zen Buddhist priests created these austere gardens for meditation and appreciation of beauty. These gardens had no water features; the priests created a feeling of water with rocks, even raking them to get a ripple-like appearance.

Zen gardens are appearing in backyards across northern New Jersey as well, taking a cue from Asian traditions by keeping the focus on nature. Homeowners may choose to create these gardens—made primarily of stone and gravel, often enhanced with moss, small plants or shrubs, and rock formations—to avoid having to water; others choose to install these for the quiet contemplation they invite and the serenity they provide. And, they are easy to maintain and are weatherproof. The homeowner needs simply to rake the gravel or sand, in desired designs. The very act of this raking can be in itself a meditation and is meant to be relaxing. Raked designs are often made to look like waves or streams.

Although they appear simple on the surface, Zen gardens have a complexity that is revealed as one takes time to enjoy the space. The homeowner takes an active (albeit, relaxing) role in changing the raked design, then stepping back to contemplate and enjoy it. The carefully groomed sand is meant to provide a refuge from the world.

Today’s Zen gardens may include enhancements such as ponds, bridges, lighting and sculpture but the raked sand and fine gravel are the canvas upon which these sit.

Designing your Zen Garden

This starts by defining the space: a corner of an existing garden, part of your yard or even the whole yard. Do some research or visit other Zen or Asian gardens for ideas about topography and the hardscape (the stone work). Do you want to include water or not? What about lighting?

Whatever you do, think nature—a space with rough edges. Plants are not the main attraction so select a few specimen plants that will enhance the design because of their color or texture. Also consider seasonal changes; in northern New Jersey we experience all four seasons very distinctly and so does plant life.

Then it’s time for your hardscape materials:

  • Stone – the structural basis for your Zen garden. Stepping stones, formations, borders, designs.
  • Pebbles – think river-rounded pebbles of various sizes that will create the fields, surround plants and outline paths.
  • Sand or fine gravel – this is used to create the illusion of water, raked as anything from a dry riverbed to roiling waves and ripples – the choice (and the fun) is all yours.

Other enhancements may include bamboo panels, statues (such as one of Buddha), low lighting (stone or concrete housing blends in best), and a koi fish pond. The plants you choose should offer some texture and color. Your landscaping professional or high-quality garden center should be able to make some smart suggestions.

You can find inspiration and ideas for your Zen garden on Pinterest and there are plenty of sources online or in your public library.

Adding a Zen garden to your New Jersey property will certainly make your home stand out, and will provide you with many tranquil hours enjoying and reconfiguring your creation.

When Less is More in Real Estate

Of all the things that can be most damaging in real estate, clutter tops the list. For many, this just means that the house needs tidied or the shelves need to be cleaned up a bit or even removed. For others, some major outdoor and indoor work may be necessary. The goal here is to maximize the concept of space. Even a large room looks small when it’s cluttered, but even a small room can look large when it’s not cluttered. Use the tips here, but listen to specifics from your real estate agent, who has to experience to know what really matters in your home specifically.

 

De-Personalize the House

 

You may enjoy collecting all sorts of things, but you aren’t trying to impress a buyer with your decorating skills. Instead, you are trying to offer a buyer an open canvas, a place where he or she can imagine their own collections and how they would personalize the space. Consider removing shelves and pictures from the wall, but also make sure to clean up the marks to give a smooth, open appearance.

 

Manage the Landscaping

 

Take a walk around your house, starting at the front. This is the first impression that people have when they come to see if your house is the one they want to invest in. Make sure to clean up any clutter and put away most of the decorations. This is especially true if you happen to have religious decorations. It may be difficult, but you need to keep your personal beliefs out of the buyer’s mind so they can focus on the major aspects of the house itself.

 

Once you have the front yard covered, try cleaning up the back. It’s fine to have your patio furniture out, especially if it goes with the house. Just try to avoid the decorations. It might even be a great time to thin the flowers so they can see what is there, but also see that there is plenty of room for their own interests.

 

Keep in mind that the buyer is looking for a home that fits them and their interests. They want to see if they can make this property fit their lifestyle, not if they can move in to your lifestyle.

Best Season to Sell a Home

Knowing what the best season is to buy or sell a home is just the tip of the iceberg. Believe it or not, there are also best days to list a home or make an offer. Sometimes the best days to buy and sell coincide, but not always. That becomes important when you go from listing your home to shopping for a new one. It can also make a difference in how you or your broker or agent manages your sale or purchase.

 

Spring is the Busy Season

 

Hands down, spring is the busiest season to buy or sell a home. The weather is starting to warm up, but it is not so hot that people don’t want to get out and about. If anything, they are dying to get out of the house. However, this is also the season when your yard looks the worst because the snow just melted and revealed what was left after a long winter. Be sure to spruce things up a bit before you list your home.

 

January Starts Things Off

 

January doesn’t just start the new year, but is probably the best month to start making offers on homes. Most people are waiting for spring to arrive so they can get out and about in comfort. For a home buyer, this means that there is far less competition than there is going to be in a couple of months. For the home seller, it may bring some much needed relief after an expensive winter.

 

Tuesday and Thursday

 

Tuesday and Thursday have a special significance in the real estate world. The first Tuesday of the month is the day that many mortgage payments are due. That means it is a perfect day to make an offer on a house. The owner just made a payment that they really don’t care to make anymore, so they will be more inclined to accept and offer.

 

Thursday is the day to list a house. During the week, people are busy working and they may not have much time to patiently explore what’s for sale. Thursday posting will be listed as new listing over the weekend, so they are sure to get plenty of views.

 

The Essential Home Buyer’s Checklist

The prospect of buying a new home is exciting, but it can also be overwhelming if you don’t know where to begin. In order to embrace the experience – and enjoy it for the overwhelmingly positive moment it should be – there are a few essential tips to help prioritize what you need to know even before you begin the search for a new home.

 

Know your target neighborhoods:

 

Before you begin to search for the home of your dreams, do your homework on the neighborhoods in the general area where you wish to live. Perhaps school quality is important to you, or maybe local ordinances will play into part of your decision. For example, you may wish to know the local restrictions for building a shed or a gazebo or if there are laws regarding certain types of pets. Being educated on the local codes and rules is important if you do not wish to be surprised down the road.

 

Applying for loans:

 

Being pre-approved, when possible, helps a home buyer make better budget choices in the ultimate selection of a home. Even when that isn’t possible, researching at least three different loan choices for the best rate is a savvy shopper’s secret to possible big savings in the end. Of course, know your credit score and the amount of your current debt when ready to apply.

 

Getting the best real estate agent:

 

Finding an agent that works for you to find the best home and helps negotiate the best deal is of great importance. While some may try to go it alone, having a professional in your corner means that when you have questions, you will be able to get the answers and resources you need to accurately address any concerns. They can, for example, assist in negotiating with the seller to have them buy a home warranty, which covers the buyer for any unseen major repairs for a year.

Once a house feels like it could be a prospective home, an agent can help you walk through the process of inspections, appraisals, and many other little things along the way.

 

Tips for Hosting a Successful Open House

Once you have decided to sell your home, one of the first things your real estate agent will do is schedule your open house. An open house is a showing of your home and property where prospective buyers can drop by and visit during a certain day and time. This is a proven way to get buyers interested in placing a bid or offer on the house quickly. More offers lead to getting a sale close to – or even above – your listing price at closing. When the date for the open house draws near, there are some proven ways to prepare your home to look its very best.

 

Boost the curb appeal: Be sure that the lawn is freshly mowed if it is during the spring or summer months. Clean up any yard damage from play or pets, fix fences, or even hire a landscaper to spruce things up around the yard. Do not assume that a buyer will see the potential in your property; rather, show them an inviting entrance to a home.

 

Kick the clutter: Clean it up! Sellers sometimes think that a buyer will be attracted to a homey atmosphere. This is a common mistake. Prospective buyers aren’t interested in seeing how the current inhabitants live. Instead, a buyer wishes to envision him or herself living in the home. So, avoid excessive knick-knacks, store excess furniture and any valuables in a storage locker or friend’s home, and put fresh towels in the restroom. A professional carpet cleaning or a coat of paint can also go a long way towards impressing the next owner.

 

Make other plans: Owners, their children, and pets should not be present for the open house. Many sellers find this uncomfortable, as they worry about their belongings and wish to supervise or answer questions. While this is a perfectly normal way to feel, it does make the buyers less likely to make an offer. They will feel disinclined to voice their honest opinions of your property to the agent.

 

A successful open house can culminate in multiple offers and a faster sale. A great agent will help with tips specific to your home’s unique appeal and be your guide through the process.