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FARMS:
Tips on setting up a farm
You
can develop stream of new listings and referrals by working a
specific neighborhood, type of property, or client base. Pick
your “farm” based on your preferences so that it naturally holds
your interest and augments your enthusiasm – then become the most
accessible expert on that area of expertise. Design your farm
so that you can afford to contact each member by frequently and
visit each property periodically. Start small and manageable –
you can always grow the territory and you begin to reap results.
Create
an owner’s profile for each member of your farm. The following
abbreviations may help to simplify the process.
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AO
– Absentee Owner
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- Contact
by mail or email with community updates.
- Send
comparable sales information periodically.
- Offer
to refer renters or assist in renting the property
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TN
– Tenant
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Meet
and greet, could be a potential buyer at some point.
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NO
– New Owner
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Here’s
an opportunity to share your expertise and build a relationship.
Give them the community and school information you’ve developed
and offer assist their friends interested in moving into the neighborhood.
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EO
– Equity Owner
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The
longer an individual has owned a home, the more likely their personal
situation will change and influence a move up or down. Nationally
people tend to move every seven years. Be in a position to assist
these long residents in their next move or real property investment.
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| Tax
Tips – Homeowner’s Exemption |
New
homeowners automatically receive an application for the Homeowner’s
Exemption of $7,000 off their assessed value. If any homeowner
in your farm has failed to file for this tax deduction, provide
them with the claim form.
There
is also the Disabled Veteran’s Exemption (or an unmarried widow
of a such veteran) of up to $150,000 off of the assessed value
of their principal residence. Call the Tax Assessor office for
information on how to file a claim.
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Parent
& Child Exclusion Proposition 58
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Grandparent/Grandchild
Exclusion
Proposition193
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The
transfer of real property between parents and children or from
grandparents to grandchildren may be excluded from reappraisal
for property tax purposes. A claim must be filed. Call (213) 893-1239
for additional information.
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Propositions
60 & 90
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A
senior citizen over 55 years of age, who buys a residence of equal
or lesser value than the prior residence, may be able to have
his/her old assessed value transferred to the new home. A claim
must be filed.
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Severely
and Permanently Disabled Exclusion
Proposition 110
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A
severely and permanently disabled person, who buys a new home,
may be able to have his/her old assessed value transferred to
the new home. A claim must be filed.
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