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About Trung Duc Doan
Trung Duc Doan is a highly accomplished and dedicated real estate professional, currently serving as a prominent member of Doan & Associates at Equity New Mexico Real Estate. With an impressive career spanning over two decades, Trung has established himself as a trusted advisor in the industry, known for his unwavering commitment to his clients and his passion for helping new agents succeed. Trung's journey in real estate began after he graduated from the University of New Mexico in 2002, where he obtained a degree in Real Estate Finance. Armed with a solid educational foundation, Trung dove into the world of real estate with a determination to make a positive impact. Since then, he has continuously honed his skills and expanded his knowledge, staying up-to-date with the latest trends and practices in the ever-evolving real estate market. Aside from his professional pursuits, Trung is an avid Disney enthusiast. He has a deep appreciation for the magic and wonder that Disney parks offer and makes it a priority to visit them 4 to 5 times a year. These experiences not only bring him joy but also allow him to foster a sense of creativity and imagination, which he brings to his work in real estate. Trung is not only a successful professional but also a loving husband and father. He is married to a dedicated nurse, and together they have three wonderful children, aged 9, 6, and 3. Family is at the core of Trung's values, and he cherishes the time spent with his loved ones. What sets Trung apart from others in his field is his genuine care for his clients. He understands that buying or selling a home is a significant decision in people's lives, and he approaches every transaction with empathy, attentiveness, and a dedication to achieving the best outcomes for his clients. Trung believes that the foundation of a successful real estate career lies not only in personal achievements but also in supporting and uplifting others. He is passionate about mentoring and guiding new agents, ensuring they have the knowledge and tools necessary to thrive in the industry. Trung is a firm believer in the power of collaboration and cooperation. He fosters a welcoming and inclusive environment, never engaging in gatekeeping. Instead, he actively seeks opportunities to assist and uplift his colleagues, promoting a culture of support and growth within the real estate community. In summary, Trung Duc Doan is an accomplished real estate professional with an extensive career, a love for Disney, a commitment to his family, and a genuine passion for helping his clients. His dedication to his craft, combined with his desire to support and uplift others, makes him a valuable asset to both his clients and the real estate industry as a whole.
Other languages
English
Community Involvement
University of New Mexico Kappa Sigma
Hobbies/Interest
going to Disneyland
Family
Married with 3 kids 9, 6, and 3 year old.
Credentials
LICENSE
Real Estate - New Mexico - # 38917
Designation
Real Estate Broker
REALTOR
Broker / Associate Broker
At Home with Diversity
RENE (Real Estate Negotiation Expert)
CRS (Certified Residential Specialist)
Seller Representative Specialist
Licensed Realtor
Certified Negotiation Expert
Military Relocation Professional
Specialties
- Sellers
- Buyers
- Residential Property
- Commercial Property
Recent Sales Exceptionally Fast: Sells on average in 30 days!
- Date
- Address
- Property Type
- Price
- Represented
Contact Information
Location
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(5/5)
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FAQS
1) What advice would you give a buyer trying to purchase a home?
Certainly, purchasing a home is a significant step, and it's important to approach the process with careful consideration. Here's some advice for a buyer trying to purchase a home:
Define Your Priorities: Clearly outline your needs and wants in a home. Consider factors like location, size, number of bedrooms, amenities, and proximity to work, schools, and other essential services. This will help you narrow down your options.
Set a Budget: Determine how much you can comfortably afford for your new home. This involves not just the purchase price, but also other costs like closing fees, property taxes, homeowners' association (HOA) fees, and maintenance. Stick to your budget to avoid financial strain.
Get Pre-Approved for a Mortgage: Before you start house hunting, get pre-approved for a mortgage. This gives you a clear idea of how much you can borrow and helps you present a stronger offer to sellers when you find a home you like.
Work with a Real Estate Agent: A skilled real estate agent can provide invaluable assistance in finding homes that match your criteria, negotiating offers, and guiding you through the buying process. Their expertise can save you time and stress.
Research the Market: Understand the real estate market in your desired area. Look at recent sales data to get an idea of property values and trends. This knowledge will empower you to make informed decisions and avoid overpaying.
Visit Multiple Homes: Don't rush into a decision. Visit several homes to get a sense of what's available and how they compare to each other. Take notes and pictures to help you remember each property.
Inspect the Home: Once you've found a potential home, arrange for a professional home inspection. This will reveal any potential issues with the property that might not be apparent during your initial visit.
Consider Resale Value: While your current needs are important, also think about the home's future resale potential. Factors like location, schools, and neighborhood development can affect how easy it is to sell the property down the line.
Negotiate Wisely: If you're interested in a home, work with your real estate agent to craft a competitive offer. Be prepared to negotiate with the seller, but also be flexible and willing to compromise.
Read Contracts Carefully: Once your offer is accepted, review all contracts and documents thoroughly before signing. If you're unsure about any terms or conditions, consult with your real estate agent or an attorney.
Plan for Additional Costs: Beyond the purchase price, anticipate costs such as moving expenses, setting up utilities, and potential renovations or repairs. Having a financial buffer will prevent unexpected financial strain.
Trust Your Instincts: While it's important to gather information and advice, trust your instincts. If a home feels right for you and your family, it's worth considering seriously.
Remember, buying a home is a big decision, so take your time and don't feel rushed. With careful planning, research, and the guidance of a trusted real estate professional, you can navigate the process smoothly and find a home that suits your needs and aspirations.
2) What advice would you give a seller trying to sell their home?
Certainly, selling a home requires careful planning and strategy. Here's some advice for a seller trying to sell their home:
Curb Appeal Matters: First impressions are crucial. Make sure the exterior of your home is well-maintained and inviting. Clean the yard, trim bushes, and consider a fresh coat of paint if needed.
Declutter and Depersonalize: Clear out clutter and personal items. Buyers want to envision themselves in the space, so a clean and neutral interior helps them do just that.
Consider Staging: Professional staging can make your home look its best. If that's not feasible, at least focus on arranging furniture and decor to highlight the home's best features.
Price Realistically: Research the local real estate market and set a competitive price. Overpricing can discourage potential buyers, while pricing too low may raise suspicions about the property's condition.
Get a Pre-Listing Inspection: Just as buyers get home inspections, consider having a pre-listing inspection. This can help you address any issues before potential buyers see them and could lead to smoother negotiations.
Quality Photos and Descriptions: Invest in high-quality photos and write accurate, appealing descriptions for online listings. Many buyers start their search online, and great visuals can draw them in.
Marketing Matters: Use various marketing channels, not just online listings. Consider social media, real estate websites, and even traditional methods like flyers or open houses.
Be Flexible with Showings: Accommodate potential buyers' schedules as much as possible. The easier you make it for them to view your home, the more likely they are to consider it seriously.
Highlight Upgrades: If your home has recently undergone renovations or has special features, highlight them. These can make your home stand out in a competitive market.
Disclose Everything: Be transparent about the property's condition, any past repairs, and potential issues. It builds trust and avoids legal complications later.
Respond Promptly: If you receive inquiries or offers, respond in a timely manner. Delays can make buyers lose interest or move on to other properties.
Negotiate Thoughtfully: When offers come in, work closely with your real estate agent to evaluate them. Be prepared to negotiate terms, and remember that it's not just about price but also contingencies and closing dates.
Prepare for Inspections: Once you have an accepted offer, the buyer may have inspections. Address any issues that arise, and be prepared for negotiations based on inspection results.
Keep Emotions in Check: Selling a home can be emotional, especially if you've lived there for a long time. Try to detach and view the process as a business transaction.
Work with Professionals: A skilled real estate agent can provide invaluable guidance throughout the process. They can help with pricing, negotiations, and navigating potential challenges.
Selling a home can be both exciting and challenging. With careful preparation, attention to detail, and the assistance of professionals, you can successfully navigate the selling process and achieve a favorable outcome.
3) What types of clients have you worked with?
the types of clients that real estate professionals commonly work with:
First-Time Homebuyers: These clients are new to the real estate market and often require extra guidance throughout the buying process. They might have questions about mortgages, inspections, and contracts.
Move-Up Buyers: These are clients who are looking to upgrade to a larger or more luxurious home due to changing needs or an improved financial situation.
Downsizing Clients: Some individuals or couples may be looking to downsize their living situation, often after their children have left home or for other personal reasons.
Investors: Real estate investors buy properties with the goal of making a profit. They might be interested in rental properties, fix-and-flip opportunities, or commercial properties.
Relocation Clients: People who are relocating due to work, family, or other reasons often need to buy or sell a home quickly and rely heavily on their real estate agent for local insights.
Retirees: Retirees may be looking to move to a different location for their golden years. They might have specific requirements related to accessibility and lifestyle.
International Buyers: Some buyers come from overseas, seeking real estate for investment, vacation homes, or other purposes. They often require specialized assistance due to language barriers and different legal processes.
Sellers: Real estate agents also work with clients looking to sell their homes. These clients may have different motivations for selling and varying levels of experience with the process.
Distressed Property Owners: These clients are dealing with financially distressed situations, such as foreclosure or short sales. They require agents who are knowledgeable about these complex processes.
Military Personnel: Service members and their families often need to buy or sell homes due to military assignments. They may have unique needs related to short timelines and relocation assistance.
Divorce Situations: When couples divorce, they may need to sell their shared property. These situations can be emotionally charged, and agents need to handle them with sensitivity.
Elderly Clients: Seniors who are looking to move to assisted living facilities or other housing options may need assistance from real estate professionals who understand their unique needs.
Builders/Developers: Agents can also work with builders and developers who are involved in constructing and selling new homes or developing land for commercial or residential purposes.
Each of these client types comes with their own set of needs, challenges, and expectations. A successful real estate professional is skilled at understanding and meeting these varying requirements while providing exceptional service to ensure a smooth real estate transaction.
4) Describe a recent transaction you are fond of. How did it go?
In a charming suburban neighborhood, a couple named Alex and Emily were searching for their dream home. After several weeks of searching, they came across a beautiful colonial-style house that seemed to tick all their boxes.
The house had a spacious backyard, an open-concept kitchen, and plenty of natural light. It was in a peaceful neighborhood with good schools, which was important to them as they were planning to start a family. The house had been on the market for a short while, and the sellers were motivated.
I helped Alex and Emily put together a compelling offer that was just below the asking price, yet fair for the current market conditions. My skillfully negotiated with the sellers, taking into account their preferences and concerns. The sellers appreciated the sincerity of the offer and the smooth communication throughout the negotiation process.
Once the offer was accepted, the transaction moved forward swiftly. My Team then guided Alex and Emily through the inspection process, coordinating with reputable inspectors to ensure all aspects of the house were thoroughly examined. A few minor issues were identified, but my Team was negotiated with the sellers to have these matters resolved before the closing.
The financing process went smoothly, thanks to my Team pre-approval guidance. We had helped Alex and Emily connect with a reliable mortgage broker who offered competitive rates and terms. With Doan & Associates assistance, they provided all the necessary documentation promptly, ensuring a timely loan approval.
As the closing date approached, We meticulously reviewed all the paperwork to ensure accuracy and legal compliance. Our Team worked closely with the title company to address any potential hiccups. The closing day arrived, and Alex and Emily were handed the keys to their new home.
Throughout the process, Doan & Associates professionalism, attention to detail, and dedication to our clients' best interests made a significant impact. Alex and Emily were not only happy with their new home but also grateful for our expertise and support.
This scenario represents a real estate transaction that went well due to the effective collaboration between the buyers, the real estate agent, and other professionals involved. It's a testament to the importance of clear communication, negotiation skills, and a client-centric approach in achieving successful real estate outcomes.
5) How did you get started in Real Estate?
Trung's journey in real estate began after he graduated from the University of New Mexico in 2002, where he obtained a degree in Real Estate Finance. Armed with a solid educational foundation, Trung dove into the world of real estate with a determination to make a positive impact. Since then, he has continuously honed his skills and expanded his knowledge, staying up-to-date with the latest trends and practices in the ever-evolving real estate market.
6) Do you have any special education or training that will benefit your clients?
In the real estate industry, several forms of education and training can greatly benefit clients during a transaction. Here are some examples:
Real Estate License: When working with a real estate agent, clients benefit from agents who hold a valid real estate license. This ensures that the agent has met the necessary education and testing requirements set by the state.
Continuing Education: Agents who participate in ongoing education stay updated on the latest laws, regulations, and best practices. This is crucial for providing accurate and current advice to clients.
Certifications and Designations: Many real estate professionals pursue additional certifications and designations that indicate expertise in specific areas. For example, a Certified Residential Specialist (CRS) has completed advanced training in residential transactions.
Local Market Knowledge: Agents with deep knowledge of the local market can provide insights into property values, neighborhood trends, and investment opportunities that benefit their clients.
Negotiation Skills: Agents who have received training in negotiation techniques can help clients secure favorable deals when buying or selling a property.
Legal Training: While agents aren't lawyers, understanding key legal aspects of real estate transactions, such as contracts and disclosures, can help agents guide their clients through the process more effectively.
Ethics Training: Agents who have undergone ethics training are better equipped to handle transactions with integrity and honesty, ensuring their clients' best interests are always a priority.
Technology and Marketing Training: In a digital age, agents who are trained in using technology for marketing, property research, and communication can provide a more streamlined experience for their clients.
Property Valuation Expertise: Agents who are trained in property valuation methods can help sellers set realistic prices and assist buyers in making informed offers.
Client Representation Skills: Agents who have training in representing either buyers or sellers exclusively can provide specialized assistance tailored to their clients' needs.
Investment Training: Agents with training in real estate investment can assist clients looking to invest in rental properties, fix-and-flip projects, or other investment opportunities.
Communication Skills: Effective communication is vital in real estate. Agents trained in communication techniques can ensure that clients are well-informed and that negotiations proceed smoothly.
Clients should seek out agents who have a combination of these skills and training that align with their specific needs. A well-rounded and knowledgeable agent can make a significant difference in navigating the complexities of real estate transactions.
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