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#192568 - 01/10/08 10:18 PM Re: New REO Listing [Re: OHAgent]
Secret Agent Offline
Member

Registered: 11/27/07
Posts: 118
Loc: Ohio
They didn't reassign it, my name is still on there on under the profile.
_________________________
Maxwell Smart
Secret Agent
Me and 99 are now in Real Estate.

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#192586 - 01/10/08 11:00 PM Re: New REO Listing [Re: OHAgent]
Cali Broker Offline
Veteran Member

Registered: 11/08/07
Posts: 679
Loc: Los Angeles County
Dang, and I have been ticked that it took one company 30 days from my listing BPO to actually getting the list price and agreements to me. Now another comp. listing just dumped their price and I'm sitting on an over priced listing with a much nicer MODEL match at a lower price....And the other one is also a REO!

That's all right, I have an open house coming up and I'll just take any buyers over and sell the other one! Then mines the lowest on the market.....

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#192592 - 01/10/08 11:12 PM Re: New REO Listing [Re: Cali Broker]
Gulf Winds Offline
REO Slave
Major Contributor

Registered: 02/04/06
Posts: 1715
Loc: USA
Don't stress over it. If it's your only REO then I can see why you would be anxious. Just concentrate on marketing your listed properties. Let your investors know that the property has been assigned to you and that you'll contact them prior to placing it on the market. That way, they get first shot at buying. You'll encourage buyer loyalty that way.

It's not as easy as one person making a decision. Most of the time there are multiple levels of people who have to review and approve prior to sending you a listing agreement.

As for being overpriced, I always keep my AMs updated more often than the monthly status reports if there is substantial market decline. I've been successful in getting price reductions faster and the AMs know that you are on top of your market.

It's a flawed system but it is what it is.

Good luck to you!
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut

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