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Conventional Marketing For REALTORS
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My first three weeks of prospecting expireds I am finding that the south florida expired leads are a: hit really really hard by other prospectors b: upside down usually in equity. I have had several appointments in the last two weeks but nothing
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BPO, REO, Foreclosures
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If I'm producing a BPO for a Mill, I do not consider myself to have taken on any fiduciary responsibilities that linger long after my work is don. It's not a Client and Agent relationship. In fact it's a somewhat adversarial relationship; despite th
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Commercial Real Estate
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It depends on what the usual and customary rate is in your area for Building Managers. And you didn't say how the rent is collected. From what you describe, and because these are long term leases, you'd be at the lower end of a 8% to 15% range; esp
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Shooting The Breeze
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I was in a room with five other people watching the halftime and no one mentioned or saw it.
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Ask Our Experts
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A title search and title insurance should answer the question. They have to transfer the property to you with a clear title although they may use a Special Warranty Deed instead of a General Warranty Deed. Ask you agent about the difference, let her
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BPO, REO, Foreclosures
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If you have MPD as follows: agent1 = BPO agent agent2 = buyers agent there should not be a problem. separate wardrobes, phone numbers and email addresses will also be helpful.
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BPO, REO, Foreclosures
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It depends upon what the situation is at the time you accept and perform the BPO. If you have no contractural interest in the property at the time you accept the BPO then everything is fine. If you are either the listing or the buyers agent at the ti
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BPO, REO, Foreclosures
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I don't see an issue either. I do BPO's on my REO listings an occasionally represent the buyers.
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Agents and Brokers
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This being a military town, the ones who drive me the nuttiest are the ones who believe they are already preapproved because they have VA home loan entitlement. They don't believe they have to get their certificate showing they're entitled and then g
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Ask Our Experts
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Noooo...if they accept I will jump. I am just curious about this $42000 fine. I am worried about who else is "OWED" money that may be filing a lien. I better buy a good title insurance and do a good title search!
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Agents and Brokers
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Originally Posted By: VABrokerAh, but you must be certain the pre-approval letter says they have already made application, and, the best is when they've gone through preliminary underwriting by the lender's underwriter. I've seen many pre-approval l
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Agents and Brokers
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That would be "pre" and not "per".
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Ask Our Experts
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Originally Posted By: James BondNEW DEVELOPMENT! This afternoon, I noticed the LA adjusted the asking price on the MLS to $170,900. This is odd. I told my agent and she called to find out what's going on. The LA told her that they think my offer
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Agents and Brokers
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I'll show houses (up to 3) in the same afternoon to a couple. If they aren't getting along, if they aren't preapproved & don't want to find a lender, and they don't have a time frame for when they need to buy a house, I politely suggest they talk
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Ask Our Experts
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You don't consider that a conflict of interest? Assisting in determining the value of a property? You don't consider that collusion? Determining the value of the asset, entering the property after the BPO for purposes other than what you were cont
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Commercial Real Estate
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Thanks! The company in the past was 3 states away. Which is why he needs someone local for more prompt service. My job would be to market and pro cur tenants and be the g0- to-lliaison, so-to-speak when there s an emergency. I would then contact mai
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Ask Our Experts
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NEW DEVELOPMENT! This afternoon, I noticed the LA adjusted the asking price on the MLS to $170,900. This is odd. I told my agent and she called to find out what's going on. The LA told her that they think my offer is good and they have sent it in
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Ask Our Experts
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Vermont, the property is located in Miami Florida, not Orlando. But I will research the fines and see what I can find.
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Agents and Brokers
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Ah, but you must be certain the pre-approval letter says they have already made application, and, the best is when they've gone through preliminary underwriting by the lender's underwriter. I've seen many pre-approval letters that weren't worth anyt
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Agents and Brokers
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I multi-task.
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BPO, REO, Foreclosures
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I'd think definitely everybody has to know because directly or indirectly, you were working for the lender. Always be upfront. Nice to know I'm not the only one with a 'lurker' in a website. Took one 'lurker' to see a home. Been telling 'em to ge
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Ask Our Experts
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Actually, this is a good "heads up" to check with the City of Orlando and verify that there aren't other recurring costs that were/are being imposed on that property (and others in the area) about which you were not advised BEFORE you made
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BPO, REO, Foreclosures
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I don't see the problem so long as you disclose to the listing agent to see if there is an issue and make sure you note it in the contact or an addendum. The bank will probably just order another bpo from someone else to make sure there are no confli
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Ask Our Experts
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Originally Posted By: James BondI am curious now what the $42000 fine from the city is all about. My agent told me the LA said "they have clear title for this place, had to pay the city $42000 of fines". Is there a way I can research what
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Agents and Brokers
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Thank you for all the secrets, it could have saved me a week or two if I had been exposed to such vital secrets my first day in the business. Give specifics, real specifics, not barely touch on a subjects generalities. Now days the carrot and the sti
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