Friday Facts 9-3-20

FRIDAY FACTS
September 3, 2010

In a study from Old Dominion University, looks do count. The more attractive a male finds his female agent, the higher the price he’ll probably be willing to pay. Women also seem to be susceptible to attractive female agents, although not to the extent that men are. Neither women nor men seem to respond much to attractive males.

From RISMedia, here are three common credit score misconceptions:
Paying late didn’t hurt my credit since I’m caught up now. Wrong. Late payments are credit score killers.
Dollar amounts matter in credit scores. Wrong. Dollar amounts don’t matter – the fewer late payments, the higher your score.
Closing credit card accounts helps your score. Wrong. It’s best for your score to keep cards open and active for small purchases.

The Realtor Association of Greater Miami and the Beaches and the Realtor Association of Miami-Dade County have merged, creating the largest association of agents in the U.S. The new real estate group will be called the Miami Association of Realtors and will include more than 23,000 members.

Bernice Ross of Inman News gives some sales strategies:
I’m not here to take inventory – I’m here to move it. Do you want a listing, or do you want sellers who have sold their home and have moved?
Pre-schedule your price reductions. Sellers must agree to reduce their price by 3% after every 10 showings or every three weeks – whichever comes first.
As the price changes, the marketing changes. After every price change, change the photos, especially the main photo.
Charge a refundable marketing fee. For properties under $700, charge a $250 marketing fee that is reimbursed when the property closes.
Detach sellers from their property. Meeting sellers in a neutral place or your office can give you a slight edge.

Did you know that foreign investors spent $66 billion on U.S. property sales last year?

ROFO.com is offering RealEstatePro, a new app for Linkedin that enables real estate professionals to add info about property listings and past transactions to their profile pages. Linkedin has 70 million users in 200 countries.