Ripal Patel’s Guide to Client Ties & Real Estate Facts
On this episode of The Closing Table, we sat down with Ripal Patel!
To watch the full episode, check it out on YouTube below. In the meantime, here’s a summary of the conversation…
Here’s what you missed from Ripal Patel…
Ripal’s entry into real estate was driven by the desire for flexibility between career and personal commitments. With a solid foundation in civil engineering, Ripal possesses a unique ability to understand a property’s structural integrity, adding a layer of expertise valuable to both buyers and sellers. Additionally, Ripal’s mortgage lending experience provides critical insights into the financial aspects of home buying, offering clients well-rounded guidance on every element of the transaction.
In working with clients, Ripal adopts a familial approach, treating each client as though they are a family member. This approach has fostered trust, with clients consistently describing Ripal as a “trustworthy, reliable resource.” She believes that building strong relationships is essential to successful transactions and strives to create meaningful connections with each client.
For first-time buyers, Ripal stresses the importance of understanding affordability, down payment requirements, and closing costs to make informed decisions. She helps clients set realistic expectations, reminding them that sellers won’t typically address every minor repair. This balanced approach ensures that buyers are well-prepared throughout the process.
When advising sellers, Ripal encourages them to see their property from a buyer’s perspective and to price it competitively. Correct pricing is critical to avoid the need for multiple reductions, which could deter potential buyers. Her emphasis on strategic preparation and pricing helps sellers position their property effectively in the market.
Ripal provides sellers with clear explanations of the negotiation process, ensuring they understand each step of receiving and responding to offers. By helping clients view negotiations as a starting point rather than a final destination, she alleviates emotional attachments, allowing for smoother, more pragmatic negotiations.
To facilitate smooth closings, Ripal often meets both buyers and sellers to discuss final details. By pre-inspecting properties to address potential issues and encouraging transparency from sellers about any factors that could impact the sale, Ripal minimizes last-minute surprises, contributing to a stress-free closing experience.
Ripal employs a variety of marketing techniques to ensure maximum exposure for each property. By highlighting unique home features, she helps clients achieve top dollar. Marketing efforts include a blend of traditional advertising, digital methods, and MLS listings. Social media and personal networks also play a key role in targeted outreach, allowing Ripal to connect with a larger, qualified audience.
As a Compass agent, Ripal leverages the private exclusive program, which allows homes to be marketed before appearing on the MLS. This approach offers sellers a way to gauge interest without accruing days on the market. A notable example includes a listing that generated significant pre-market interest, ultimately leading to a higher selling price.
Ripal finds great satisfaction in helping clients reach their real estate goals. One rewarding experience involved working with buyers over two years to find the perfect home, ending with a successful negotiation that left the clients deeply grateful. She has also navigated challenging transactions, such as assisting a client with back-to-back upgrades and tight timelines, managing complex loan approvals, and timing for a smooth transition.
Real estate is a dynamic field that has taught Ripal the importance of adaptability. Market fluctuations require strategic adjustments, and Ripal prioritizes client-centric solutions that build rapport and trust. The relationships Ripal fosters, both with clients and industry peers, have been instrumental in successful negotiations and ongoing support.
Ripal’s daily planning routine includes creating a task list each night to maintain focus. Continuous learning is another priority; she listens to market-related podcasts during commutes to stay informed. Weekly team meetings offer a chance to exchange insights with top-performing colleagues, promoting growth and collaboration.
Ripal often educates clients on common real estate misconceptions. Online valuation tools, for instance, are limited by algorithms that cannot account for specific property details. Likewise, while some sellers overprice listings for negotiation, she emphasizes fair, competitive pricing to attract serious buyers. Additionally, she advises buyers not to skip inspections, even on new constructions, as county checks may not cover all aspects.
For buyers of resale homes, Ripal recommends property surveys to clarify boundaries and easements, ensuring clients understand the full scope of their investment. Addressing missed items during inspections is also essential, as these could otherwise remain hidden after walls are closed.
As the current market sees an increase in inventory, Ripal notes that buyers now have more choices, making it an ideal time to buy. Additionally, recent regulations requiring signed agency agreements are expected to elevate industry standards and professionalism, which she sees as a positive change.
Ripal is focused on continued growth, striving to enhance skills and knowledge to better serve clients. With an eye toward future successes, she is committed to maintaining momentum throughout the year, excited about the positive changes taking shape both personally and professionally.
Check out Ripal Patel:
https://www.compass.com/agents/ripal-patel/
https://www.instagram.com/real_estate_with_ripal/
https://www.facebook.com/p/Real-Estate-with-Ripal-100038813272141/
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