Some things about real estate stand true whether you specialize in commercial or residential practices. This is true as well for Andrew Ostrander who began his career in the commercial sector and moved to residential. At the core, Andrew knows that no matter what area he’s working in, what he enjoys most is helping people. He also knows that in order to serve those clients he needs to build and maintain his reputation as an industry expert, which can only be accomplished, according to Andrew, through continuous learning. RPR has become the tool that makes Andrew the expert.
Finding the true accuracy of a home’s worth isn’t always as clear-cut as one might think. With remodels, upgrades, and changes in the market, a home’s value can fluctuate greatly. Relying on the tools of his trade, Andrew turned to RPR® to ensure he came up with the most accurate comp analysis possible. Little did he know that decision would yield greater than anticipated returns.
The additional levels of comps available in RPR have proven to be an invaluable asset to Andrew’s business. “The tool allows you to determine if it was a small, medium, or large remodel and the impact that may have in value down to a $5,000 or $10,000 adjustment. That really helps you hone in on the accuracy of value.”
Unexpectedly, RPR has also made Andrew a valuable asset in referring clients to other markets. In one instance, an out of state friend asked for advice about selling her home. Tapping into RPR, Andrew gave her an estimated valuation and helper her engage another professional in her area. “What was great about that, is that I got a referral fee, helped my wife’s friend and it was all because of the RPR tool,” said Andrew.
“REALTORS® have access to many tools,” said Andrew. “Many of them all want our dollar. This is a tool that is free to us, provided inside our MLS tool and I think REALTORS® are crazy not to be using it.”