Ed Sarfo – Things to Consider Before Buying a New Home

Ed Sarfo is a real estate broker and agent living and working in Lexington, Kentucky. He is the principal broker at Commonwealth Real Estate Professionals and has five real estate agents working under him. Ed Sarfo is experienced in both buying and selling and advises his clients on what is best for them. Here are a couple of things you need to consider before you sign the deal on your new house.

What Suits Your Needs

When looking for a new home, you will have several options to choose from. You can choose from a family home, multi-family house, townhouse, condo, etc., but whatever you choose, you will need to make sure it is something that suits your needs. Buying a home that does not suit your needs will leave you either paying more than you can afford, or trying to make renovations which will cost you more money.

Specific Features

Your new home is probably one of the biggest purchases you will be making, so you want to make sure you know exactly what features you want your home to have. Make a list of specific features you like to have in your home, including kitchen and bathroom layout, neighborhood, etc., and let your real estate know about what you expect.

How Much Mortgage You Qualify for?

Before you start looking for a house to buy, you will need to have a clear idea of how much mortgage you qualify for. While you might think you can afford to purchase a $350,000 home, your lender might think you are good only for $250,000. Your monthly income, debt, time worked at your current job, and other factors will determine how much your lender is willing to give you for your new home.

Ed Sarfo grew up in Ghana and studied in Germany before moving to the United States.

 

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Ed Sarfo – House-Hunting Mistakes You Don’t Want to Make

Ed Sarfo has been in the real estate industry since 2004 and knows that buying a house can be an emotional process for some people. Allowing your emotions to get the best of you may cause you to fall prey to several mistakes homebuyers make. Ed Sarfo is an experienced professional who takes the time to advice his clients on what is best for them. Here are some common house-hunting mistakes you don’t want to make.

Choosing a House You Can’t Afford

One you find a house you like; it is very hard to go back. You then start imagining the things you want to do in the new house, and how to add things to your lawn, or to the kitchen. However, if you cannot afford the house, you will have to find something else you can afford. Avoid the temptation to go over your budget as it can cause serious problems with the payments later on. It is best to look at homes in your price range.

Assuming There is Nothing Better

Unless you are looking for custom homes, chances are that there are other homes available for sale. Don’t make the mistake of assuming that there is nothing better and jump at the first house you see. Take the time to browse through the listings your real estate agent shows you and look at a couple of houses before you settle on the one you like, and which fits your budget.

Being Desperate

If you have been looking for a suitable house for some time and have not found anything you like, don’t let your emotions get the better of you and become desperate. If you move into a house without being fully satisfied with it, you will have a hard time trying to sell it later. If you do, you will end up paying agent’s commission and closing costs on your mortgage for the new home. Do not make a decision just because you are desperate to get a new house.

Ed Sarfo is knowledgeable in both buying and selling homes and advises his clients on what’s best for them.

Source: http://www.investopedia.com/articles/mortgage-real-estate/09/buy-house-emotion-free.asp

 

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Ed Sarfo – Tips for Real Estate Agents

Ed Sarfo has been in the real estate industry since 2004. He grew up and studied at the American Baptist Missionary School in Ghana, West Africa, and pursued his higher education in Germany before moving to the United States to become a real estate agent. Ed Sarfo is a licensed real estate agent and broker living and working in Lexington, Kentucky. Here are some tips real estate agents can use.

Sphere of Influence

One of the ways real estate agents can build contacts and generate leads is through a Sphere of Influence (SOI) business model. This method of building contacts and generating leads works through the contacts you know, including friends, family, co-workers, business associates, classmates, and other vendors. The ideal way to keep track of the names and contact information is to use a spreadsheet program or commercial software. With an SOI database, it is easy to add new contacts as you meet them, through mutual acquaintances, or community events. The more people you have on your list; the more chances you have for a referral. You can send out “new agent” announcements to the contacts on your list through email, text, phone, or mail to build your client base.

Marketing

As a real estate agent, you will need to market yourself. You can use marketing software to keep track of your marketing efforts. Marketing strategies could include business cards, postcards, door hanger, property flyers, email campaigns, and brochures. Be innovative with your marketing strategy and you will start getting new clients.

Ed Sarfo has excellent communication skills and knows how to deal with different clients.

Source:http://www.investopedia.com/articles/professionals/043013/tips-working-real-estate-agent.asp

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Ed Sarfo – How to Become a Certified Real Estate Agent

Ed Sarfo is a licensed realtor and broker living and working in Lexington, Kentucky. He grew up and attended the American Baptist Missionary School in Ghana, West Africa before moving to Germany to continue his studies. Ed Sarfo moved to the United States to pursue his passion for becoming a real estate agent. He has several years’ experience in both buying and selling homes and ensures he provides his clients with relevant and helpful advice on property issues. Here are some things you want to consider if you are planning to become a certified real estate agent.

Is the Real Estate Industry Right for You?

Before you go ahead and start preparing to become a real estate agent, you might want to check if the real estate industry is right for you. As a real estate agent, you will have to handle your own office, paperwork, developing relationships, prospecting leads, managing contacts, and dealing with both buyers and sellers. It requires a great level of commitment and hard work to build a successful real estate business.

Licensing Requirements

Each state has different real estate licensing requirements, so you will need to check with your state’s real estate commission website for specific requirements.

Join a Real Estate Pre-Licensing Course

You might want to join a real estate pre-licensing course to complete your educational requirements. You can choose to study at a local real estate school, live classrooms, university, or even some realty firms. Many of these places offer real estate licensing programs, and if you don’t have the time to join a regular class, you might want to join one of the online programs. You will need to join a school that has a good reputation, and which offers high-quality content. The pre-licensing course is not a “walk-in-the-park”, but once you complete the program, it will be a foundation for a successful career as a real estate agent.

Take the Real Estate Salesperson Exam

Once you have completed the pre-licensing course, you might want to take the real estate salesperson exam. You will need to fill in your application form and apply to take the exam. Contact your state’s local real estate regulatory authority for specific details and apply for the exam. Passing the exam takes a lot of preparation, and signing up for exam prep classes might be a good idea. You might want to take practice exams to measure your strengths and weaknesses, and work through the process to sharpen your knowledge.

When you sign-up for your pre-licensing course, you will need to find a reputable broker, as you will need your broker to file the paperwork with the state. When you have passed your exam, and these papers have been submitted, your license will be issued. You will most probably have to practice under your broker for a time. Ed Sarfo received his real estate agent license in 2004.

Source: https://www.kapre.com/resources/real-estate/how-to-become-a-real-estate-agent

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Ed Sarfo – Knowing the Real Estate Market

The real estate market can be a tricky animal to tame. For successful brokers like Ed Sarfo, learning the trade comes from years of experience and passion for the field along with education and a genuine desire to help clients and the community.

For agents and brokers alike, learning to anticipate fluctuations in the market takes time and skill. There are several things you can do to help put yourself ahead of the curve and keep from feeling overwhelmed or blindsided when an influx or properties present themselves or you find opportunities at a lull.

Those who find success in real estate know the area. They have studied local pricing and have an idea of which properties are increasing in value at a higher rate as well as how long these properties generally take to sell. Finding similar properties in a particular area and seeing trends in the sales is an excellent way to have an idea of what to expect and how to best prioritize your time and effort.

Look for up and coming opportunities. Are there locations that may not seem the most desirable at first glance but have potential? Are there areas that are growing due to location or seeing a rise in construction and infrastructure? Being ahead of the curve in these areas can set you apart from other realtors and give you an edge with your clients in finding the ideal properties. Real estate professionals like Ed Sarfo know the business. They have a great passion for making their clients happy and find joy in locating the perfect match for buyers and sellers alike.

Sources: http://www.investopedia.com/articles/pf/07/five-real-estate-tricks.asp

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Ed Sarfo -Business Values Matter – Finding Success with Integrity

For many professions that require licenses or certifications, there are required courses or material that focus on business ethics. For business owner Ed Sarfo, founding his company based on principles that he adheres to in everyday life is an important aspect of conducting transactions that leave clients happy and Sarfo feeling good each day.

Creating a company that values integrity in business practices is essential for success and growth. Although there are businesses that focus more on the bottom line that still see success, they are often left with disgruntled customers and employees who would rather take their time, money, or talent elsewhere. For small businesses such as Sarfo’s, making a good impression on his community is paramount to growth and repeat customers in the real estate market. He believes in providing the best experience for all parties involved in his transactions and has hand-picked agents for his company with the same beliefs and values. This aspect of a company, finding the right employees, is one of the most important as they are the face of the company. If their actions do not reflect the values you wish to portray to your customers and clients, you could be facing problems in the future with a poor image.

Business owners such as Ed Sarfo take the time to be involved in his company’s transactions and provide hands-on experience to help ensure the work is done smoothly. He is able to delegate to trusted agents in his company because he selected them based on their performance, skills, and values. Staying abreast of the inner workings of your business and employee interactions will keep you a step ahead as you climb to the top of your industry.

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Ed Sarfo – Becoming a Real Estate Broker

For real estate brokers like Ed Sarfo, building a team of agents that reflect the core mentality of you and your company is important. Sarfo is the owner of Commonwealth Real Estate Professionals in Lexington, Kentucky and has spent much of his life dedicated to his studies and self-betterment. Born in Ghana and educated both in West Africa and Germany, he puts a great deal of emphases on his passion for his business and for those he works with both clients and colleagues.

Real estate brokers like Sarfo have gone through years of real estate experience as an agent as well as education and testing. Depending upon the state in which an agent resides, you may be required to have anywhere between one and three years working for a licensed broker helping him or her buy and sell properties under that license.

Although becoming a broker requires additional education and experience, many find the opportunity to be your own boss exciting. The prospect of making the decisions for your schedule and employing agents to help with the load is one that finds many agents putting in the extra effort to become licenses. However, Brokers are paid on commission, so your earnings would be a direct reflection of the quantity and quality of properties you choose to complete for clients.

Ed Sarfo is one of many successful brokers who realizes that the market will fluctuate from month to month based on a variety of factors, some of which are out of your control. Finding your niche in the market and building a successful company can help you navigate through the slower months and reap the benefits of hard work during months of higher volume transactions.

Sources: http://www.howtobecome.com/how-to-become-a-real-estate-broker

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Ed Sarfo – National Association of Realtors

The National Association of Realtors (NAR) is an organization that represents over one million residential and commercial realtors such as, Ed Sarfo, a broker from Lexington, Kentucky. Members of the organization are those who participate in the real estate industry on varying levels including counselors, appraisers, property managers, those who work in real estate related sales, agents, and brokers. Each member also belongs to at least one of more than roughly 1,300 associations that are based locally and 54 state/territory associations of realtors.

Being a member of NAR provides clients with the peace of mind that they are working with an individual who meets the requirements and adheres to the ethics of NAR. Becoming a member is simple and well worth the investment. Membership offers those in the real estate industry a place to come together to further develop their professional careers, network, research, and stay up to date on the latest in the industry. Those interesting in joining NAR must first find and join a local association of REALTORS. This membership automatically extends a membership to the National Association as well. This membership on a local level provides added support for members who can work with those in the area and collaborate on issues or opportunities that may present themselves in a particular community.

As the world’s largest professional association, the National Association of Realtors the dues received from members helps to further initiatives and deepen the value of membership as a whole. Members receive many incredible benefits for themselves and their businesses including education, research, tools, special discounts, and the overwhelming support of over one million fellow professionals in the field. The funds collected help NAR advocate on your behalf for issues that affect those in the real estate industry, conduct market, and economic research, support members on both the state and local levels, and provide marketing and awareness to the public in order to uphold the value of membership to those who would otherwise be unaware. NAR also plays an active role in helping those in the real estate industry better understand the industry and individual goals and find ways to improve their businesses.

Many real estate business owners appreciate the work of NAR and are able to attribute some level of growth and success to the organization’s namesake and efforts. Ed Sarfo, Broker, and owner of Commonwealth Real Estate Professionals is a proud member of the organization. He has been in the industry for over a decade and continues to see great success and growth within his company. NAR wishes to play a key role in the success of companies such as Commonwealth and is a cornerstone of the real estate industry throughout the United States.

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Ed Sarfo – Real Estate Investment Strategy, the Exit

One of the thing that has made Ed Sarfo such an accomplished and successful real estate broker is a sound investment strategy. While experience and hard work are an important part of a success recipe, ultimately doing well in the real estate industry boils down to investment strategy. At least that is what Casey Quinlan, a journalist for U.S. News reports in an article published on their official website. An important part of real estate investment is knowing all of the rules involved. By doing due diligence and the proper research, a savvy realtor can learn which investments pay off, and which ones do not.

Brokers like Ed Sarfo are ultimately investors. When they buy a property it is simply an investment, one they need to pay off in order to profit. Real estate is a unique investment though, which is why Casey Quinlan says you cannot apply the same rules to real estate investment as you would to stocks or bonds. One important real estate investment rule is to always have an exit strategy. That means that before you invest in a property, you should have a plan of action. That means knowing when to sell the property, and who to sell it to.

Real estate investors like Ed Sarfo always make sure that they have a good exit strategy when buying a property. Having a good exit strategy is recommended because you do not want to get trapped with a property that is no longer profitable or that you have no interest in. Flexibility and a clean exit is recommended for property investors.

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Ed Sarfo – Life of a Deacon

Ed Sarfo is not just a successful real estate broker with many years of experience, he is also a devote Christian and deacon at his church. Ed was born in Ghana, West Africa, and educated by an American Baptist ministry school, so religion has always been an integral part of his life. Being the compassionate, caring, and dedicated man that Ed is, he doesn’t just worship at his church, but also contributes to the service. He does this by being a deacon. A deacon is a word that translates to “serve”, deriving from the Greek word, diakoneo, which means literally, “through the dirt”.

Ed Sarfo serves as a deacon at his church, which means he has many duties to fulfill. Though the responsibilities of a deacon are not clearly defined or outlined by any text, usually the deacon helps with anything the pastor or preacher cannot do themselves. The deacon acts as an assistant that aids the preacher in many ways. The services the deacon fulfills can be anything from passing around a collection plate, to organizing the preacher’s sermon, setting up a teleprompter, and much more. A deacon is an essential part of the church’s everyday operations. A deacon makes it easier for the preacher to focus on the sermon.

One of the qualities that sets Ed Sarfo apart from other real estate brokers is his commitment. That kind of dedication is how he became appointed to deacon at his church. He has shown the kind of qualities that a deacon needs, such as reliability, honesty, and integrity.

To learn more about deacon duties, visit: http://www.gotquestions.org/deacons-church.html

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