#295755 - 06/22/09 04:12 PM
FARVV, So Called "New Product", $5 FEE
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Veteran Member
Registered: 12/28/06
Posts: 523
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Email just sent out to agents: The fee is INSULTING. I refuse to do anything for this fee.
"Property Listing Verification
Residential Value View is excited to announce a new product that will be available to our clients the week of June 22, 2009.
Product Description: The Property Listing Verification product provides First American’s clients with current and historical listing information on a specific property. Providing insight into the property’s listing information enables clients to determine if the property was properly marketed. Current listing data - Current List Price, Current List Date, Days on Market and Current Listing Status Historical Listing Information - Previous List Pricing, Listing Dates, Prior Days on Market and Former Listing Status
Field Agent General Information: Desktop product Fee paid to Field Agent- $5.00 per order 24 Hour Product Turn Time"
Edited by MArealtor (06/22/09 04:13 PM)
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#295758 - 06/22/09 04:18 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Illinois Agent]
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Veteran Member
Registered: 12/28/06
Posts: 523
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you'll can have mine. they want to steal access to what I pay big bucks for: license fees, MLS fees, local board fees, state fees, national Realtor fees...etc . From these responses, people are more desparate than I thought.
Edited by MArealtor (06/22/09 04:21 PM)
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#295759 - 06/22/09 04:38 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: MArealtor]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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One can only hope this doesn't go "auto assign".......
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#295761 - 06/22/09 05:08 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Detroit_Realtor]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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I don't have a problem doing these.....just want the choice to accept or reject like they do when they blast......As an example, I got buried today in orders from 4 different companies.....would not have time to turn the $5 ones in 24 hours.....just give me a choice.....
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#295763 - 06/22/09 05:15 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Detroit_Realtor]
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Veteran Member
Registered: 12/28/06
Posts: 523
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One order should only take you five minutes. I'll take a dollar a min. If you do a high volume of BPOs, you know it never works out that way. There are always issues; I don't know what they will be but I am sure these type of orders will have some quirky issue that gets them sent back by QC. I remember thinking, "$50 bucks isn't bad you go drive , photograph and give a value on a property." Then I started to discover the problems that come up...the house doesn't have a number on it, the street sign is missing, your GPS can't find the address....so on. so on.....These "easy" orders may indeed turn out to be quick and easy. But maybe not. It is a further attempt by these companies to squeeze more and more out of field agents and pay less and less. People.....please don't sell your skills for a nickel!
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#295764 - 06/22/09 05:33 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: MArealtor]
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Veteran Member
Registered: 07/31/08
Posts: 581
Loc: SW Okla
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Heh, I will do all of these they want to send me! This is as simple as opening up paragon & clicking on the listing history. Simple.
No, I am not desperate.
_________________________
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to BPOs and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com
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#295766 - 06/22/09 05:57 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: barb43]
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Major Contributor
Registered: 08/16/07
Posts: 2712
Loc: X
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I can do these sitting at a stop light, for gosh sakes. Send me as many as my little computer screen can hold, please.
And no, I'm not desperate either - just savvy.
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#295770 - 06/22/09 06:35 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: MArealtor]
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Member
Registered: 04/28/08
Posts: 142
Loc: Detroit, MI
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One order should only take you five minutes. I'll take a dollar a min. If you do a high volume of BPOs, you know it never works out that way. There are always issues; I don't know what they will be but I am sure these type of orders will have some quirky issue that gets them sent back by QC. I remember thinking, "$50 bucks isn't bad you go drive , photograph and give a value on a property." Then I started to discover the problems that come up...the house doesn't have a number on it, the street sign is missing, your GPS can't find the address....so on. so on.....These "easy" orders may indeed turn out to be quick and easy. But maybe not. It is a further attempt by these companies to squeeze more and more out of field agents and pay less and less. People.....please don't sell your skills for a nickel! I do a very high volume of BPO's. I have a team. Yeah a team. What issue can come up when your just looking to see listing history? If you know how to work your MLS I don't see any problems. If can see some I would love to hear them?
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#295772 - 06/22/09 06:39 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: TB in TX]
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Member
Registered: 04/28/08
Posts: 142
Loc: Detroit, MI
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I can do these sitting at a stop light, for gosh sakes. Send me as many as my little computer screen can hold, please.
And no, I'm not desperate either - just savvy. I see somebody on here knows how to make money. Good job TX. I love it!!!
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#295776 - 06/22/09 06:43 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 02/16/06
Posts: 1258
Loc: United States
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I will do them..As long as I am sitting here on the phone with somebody or waiting on something. But, I really doubt you will see too many of these. Maybe I am wrong ad we will...who knows. It is not a bigt deal one way or the other to me. I mean if they sent ten over I could do them while I am waiting on my wife to get ready for dinner...
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#295787 - 06/22/09 07:33 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 07/31/08
Posts: 581
Loc: SW Okla
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By the time I hit submit on this post I could have had one completed and almost enough to buy a pack of cigarettes. Now, Dayton, you're going to have to do a heck of a lot of high dollar interior bpo's to pay your medical bills if you don't forego spending your micro-bpo bucks on tobacco. *tsk, tsk*
Edited by barb43 (06/22/09 07:33 PM)
_________________________
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to BPOs and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com
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#295788 - 06/22/09 07:44 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: barb43]
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Major Contributor
Registered: 08/16/07
Posts: 2712
Loc: X
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Don't worry, barb. Obama's gonna give Dayton some of that free health care.
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#295806 - 06/22/09 08:35 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Member
Registered: 02/03/08
Posts: 78
Loc: Is this Heaven?
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I'm just wondering how much of a cut my broker will want on these;-)
_________________________
Jim
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#295826 - 06/22/09 10:13 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Member
Registered: 06/20/07
Posts: 496
Loc: Right of the Left Coast
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$5 bucks for 5 minutes of research sounds reasonable to me. The form looks simple and I don't have to drive by.
I am hoping for 200 to 300 orders per day. Several other companies offer the same service and I have yet to get an order for 1. E*L calls them MLS hits.
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#295837 - 06/22/09 10:47 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Veteran Member
Registered: 01/26/09
Posts: 1199
Loc: Mother of Presidents
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eml you only get paid if it is a hit. I was looking at farvv, they seem to think it is a hit, they just need the data.
eml you look it up, tell them it is not listed-thanks, see you next time. I have had one pan out. They pay 15 though.
As far as $5, it has to boil down to a business decision each time. I would pick up a $5 bill from the gutter, I would look for $5 if I dropped it somewhere, but I would not look for very long.
If it is an easy 5, I would be a taker. Give me 5 FARRV! It does not seem to be a replacement for other services.
_________________________
Real Estate Agent, Licensed in VA since 2000 BPOS since 2000 Pop since 2002 Licensed as Broker in 2006 REOs since 2007 Founding Member of Beta Pi Omega, Alpha Chapter
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#295839 - 06/22/09 11:01 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: TB in TX]
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Veteran Member
Registered: 07/31/08
Posts: 581
Loc: SW Okla
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Don't worry, barb. Obama's gonna give Dayton some of that free health care. Oo, yeh! Psst: think I'll take lots of vitamins, eat my fruits n veggies and see how long I can avoid Mr. Obama's gifts!
_________________________
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to BPOs and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com
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#295843 - 06/23/09 12:32 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: TB in TX]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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watching your neighbor lose his home due to medical bills-humbling
watching your mother die due to insurance not covering cost-sad
you dying and losing your home due to an accident or sickness because your insurance will not pay or you just do not have insurance---MAKES YOU AN OBAMA SUPPORTER..
it is funny how people who get medicare or medicaid, welfare, a government paycheck/health care, tax free health care or my favorite A CHURCH/NONPROFIT/TAX EXEMPT not even paying taxes---seem to be against us hard working stiffs--just wanting what they get for free... remind me again--who are the socialists? and we have not even begun with how we have deserted our men and women in uniform.. if giving our soldiers, our kids, our moms and dads good health is socialist thinking--sign me up... but first lets tax the churhes and all of those people getting 'free' or tax free health care now.. we can start with taking health care away from elected officials and let then pay out of their pockets..
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#295853 - 06/23/09 07:31 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: bpojoe]
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Veteran Member
Registered: 07/31/08
Posts: 581
Loc: SW Okla
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I don't know, bpojoe . . . you must have been needing some coffee or sleep last night when you posted that ramble. Most of us on here are hard working . . . we earn our way in this world and support ourselves. Now go do a bpo so you can afford some good coffee and enjoy your day! 
_________________________
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to BPOs and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com
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#295855 - 06/23/09 08:00 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: barb43]
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Veteran Member
Registered: 12/28/06
Posts: 523
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Wow....my original post sure has gone in an unanticipated direction. Well, ya'll convinced me to re-consider doing this $5 orders. I'll give these orders a try and see if there is any money to be made for the time expended.
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#295856 - 06/23/09 08:12 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: MArealtor]
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Major Contributor
Registered: 11/03/07
Posts: 1721
Loc: Northern Colorado
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I'll give them a try also, but I don't want to receive 50 a day. And I sure hope it isn't autoassign. Who wants to get stuck with a bunch on a day when they can't do them at all. Maybe 2 or 3 would be enough for me. Personally in my market I doubt will will get many of these orders. I thought Proteck offers a similar report but they pay $15 I think. I've only done 1 or 2. Maybe it's more involved then this. We'll wait and see.
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#295858 - 06/23/09 08:25 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: ColoBroker]
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Veteran Member
Registered: 02/16/06
Posts: 1258
Loc: United States
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Its the kind of thing you could do while you are on hold. Set your cell phone down, put it on speakerphone and bang a couple out here and there...it is just mindless, clerical work
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#295862 - 06/23/09 09:59 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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lets be honest here... the reason we do BPO's is it is dummy work.. you sit around, click like a monkey, take some photos and enter some data. ya sure we have to use some intellect and some savvy--but i have seen other 'realtors' bpos and it is ridiculous. their info is incorrect or borderline fraudulent, and their photos are sometimes right from google map.. as far as the new penny BPO’s, I might slam a few of these $5 babies out..i have not decided yet. I did some for EML for $15 and it was worth it..but for $5? as far as my previous post about the health thing, I was replying to the sarcastic view of 'public' health care. i have yet to find one person who actually pays for health care, or cannot afford health care -who actually works for a living that is against --GOOD PUBLIC HEALTH CARE FOR ALL! It is usually those who are getting ‘government assistance’ or not paying taxes that seem to want to legislate what the rest of us get! nevertheless.. just the fact that we do BPOS instead of out their humping and digging for work, says alot .. and i include myself. but lets just call a spade a spade.. it is not real ‘world changing’ work---it is tedious and tiresome..and many realtors cannot do 50-100-200+ a month..because they are just too lazy even for that--I know these people.. I personally like BPOS because it is passive dummy work, i can do while i develop my other lazy brained ideas, and I can blow out a good $150k annual income with it—and not really use valuable brain cells..plus for me—it is interesting and nice to actually get paid know what is going on in the market! and of course it also gives me time to push my socialist agenda and try to get quality health care and education available---to those who need it most.. sorry for the rant--it is BPO Mania! :P peace!
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#295895 - 06/23/09 03:49 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: bpojoe]
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Member
Registered: 06/20/07
Posts: 496
Loc: Right of the Left Coast
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BPOJoe
Aren't the so called needy people in this country already getting government rationed health care. Medicaid, Medicare, Healthy Start, go to emergency room for cough...don't pay bill and etc.?
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#295905 - 06/23/09 05:16 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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"BPOJoe
Aren't the so called needy people in this country already getting government rationed health care. Medicaid, Medicare, Healthy Start, go to emergency room for cough...don't pay bill and etc.?"
and that is exactly the reason we need legitimate 'public' health care.. so people do not have to wait till they are really sick and then go to the ER, get slammed with a mega bill and then not pay for it and then file BK, lose their home, go on welfare, lose hope and self worth...then have their children follow the downward spiral.. when all they would have needed is a simple preventive maintenance plan that would have saved the tax payers, doctors, hospitals and the community thousands of dollars and kept another family out of the poor house..literally! but you have to ask--why? because some politicians get paid billions in election money from pharmaceutical companies, insurance companies and then they benefit from a welfare state of undereducated..plus the billions that poor in through our prison systems..poverty –like war—pays big!
so yes..there are people getting 'free' health care...and we are the 'greatest' country in the world with the highest prison population, mediocre education system, mediocre health care system, higher number of uninsured and pretty much just fat and happy—but with less of a life span than other industrialized countries.. I think we are overdue for a change.. Peace!
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#295916 - 06/23/09 07:43 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: MArealtor]
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Veteran Member
Registered: 06/15/05
Posts: 1164
Loc: Texas
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you'll can have mine. they want to steal access to what I pay big bucks for: license fees, MLS fees, local board fees, state fees, national Realtor fees...etc . From these responses, people are more desparate than I thought. First American already has the data on 98% of all public sales in the United States in their data base Realquest. In fact, most all the MLS services use their system through their company MarketLinx and product MLXchange. They have all the data already, but FannieMae and the banks require an arms length licensed third party to evaluate and supply the data.
_________________________
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#295917 - 06/23/09 07:44 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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I just had a first........After logging in, I found 3 orders sitting in my queue......I thought it might be those $5 puppies we've been talking about......was afraid to open....called BB....too late.....already gone home....oh well, guess I need to open....All three orders were "auto assign" exteriors.....the strange part was there were no emails.......that's a first for me....sure glad I had other orders to complete.....never would have checked, otherwise.
Until last Friday, I've had a slow few weeks with BPO's...Friday I got hit from all sides....didn't finish until 1 a.m., Monday morning....at 7 a.m., it started all over again. .......not trying to hijack this thread....really thought these were the $5 specials....
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#295918 - 06/23/09 07:50 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gig em]
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Veteran Member
Registered: 06/15/05
Posts: 1164
Loc: Texas
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Here's a quote from their site.
"Need current or historical information about residential or commercial properties? Whether you are researching a single property or thousands, we can instantly give you the answers you need. Save time by tapping into the nation's most current and comprehensive real estate information database covering 97% of all U.S. real estate transactions."
_________________________
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#295949 - 06/24/09 09:35 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gig em]
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Member
Registered: 12/14/07
Posts: 277
Loc: usa
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I just can't see this being enough volume to make a real difference. I bet we see one or two here and there.
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#295976 - 06/24/09 04:52 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gig em]
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Member
Registered: 06/20/07
Posts: 496
Loc: Right of the Left Coast
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BPO
Imagine the lack of innovation once government controls everything? I especially look forward to the gray, high rise apartments we will be living in once the Socialists take over.
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#295983 - 06/24/09 06:15 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gig em]
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Major Contributor
Registered: 04/12/08
Posts: 2519
Loc: Vermont's North-East Kingdom
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Here's a quote from their site: ". . . we can instantly give you the answers you need . . ." Does "instantly" equate to RUSH RUSH RUSH ? I did not know that.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#296008 - 06/25/09 12:11 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Member
Registered: 04/05/07
Posts: 414
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If you had 100 per day you could make a minimal amount of money to survive.
If you had 50 per day you couldn't survive.
If you had 100 per day and sometimes 5 per day you would not survive.
If you had 100 per day and started counting on that volume you would have all your eggs in one basket. You would need to turn down some other better paying jobs to be able to complete all the work. You then may or may not survive, depending on if they continued the program.
My advice would be to accept a few when you have the time and keep doing what you are doing now to make ends meet.
I personally would never rely on one company, not even the former CW and they are as good as it gets.
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#296034 - 06/25/09 09:35 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Major Contributor
Registered: 07/27/06
Posts: 3154
Loc: Dayton Ohio
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BPO
Imagine the lack of innovation once government controls everything? I especially look forward to the gray, high rise apartments we will be living in once the Socialists take over. It's comments like this is what is going to get you put in the back of the line on cabbage handout Thursdays. Instead of a big fresdh head of cabbage you are going to end up with a rotten baby head of cabbage. How you gonna eat for a week with that?
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#296054 - 06/25/09 01:44 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Member
Registered: 06/20/07
Posts: 496
Loc: Right of the Left Coast
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I apologize for the comment, really. Hope the new Marxist's don't take me off to the secret camp and re-educate me.
Cabbage is a bit gassy I hope its rice and mill worms instead.
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#296059 - 06/25/09 02:19 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Major Contributor
Registered: 04/12/08
Posts: 2519
Loc: Vermont's North-East Kingdom
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Cabbage is a bit gassy I hope its rice and mill worms instead. It's "Meal Worms". True Mill Worms are only found at the BPO Mills, synonymous with "Boiler Room Girls" !
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#296071 - 06/25/09 04:15 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Vermont]
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Rocky1Cat
Unregistered
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My Goodness...These posts! Come on...We are suppose to be professional here. Is this a network for Realtors? Between discussing sitting at a desk all day doing $5 orders like a $10/hr cubical worker and politics ?
Edited by Rocky1Cat (06/25/09 04:29 PM)
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#296128 - 06/25/09 11:10 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: ]
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Veteran Member
Registered: 07/31/08
Posts: 581
Loc: SW Okla
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LOL I got lost on the political remarks . . . Marxism, Socialism, realism . . . Yeh, we were talking about the realism of doing $5 orders. If there's some subtle, hidden agenda with the politics, well, I'm just too tired to catch it, I guess.
_________________________
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to BPOs and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com
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#296147 - 06/26/09 05:45 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: barb43]
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Rocky1Cat
Unregistered
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Yes Barb43, also, these are the "fellow" Realtors out there willing to sit in their cubical doing $5 orders, let alone the work for a $40/$50 BPO, allowing these banks to "USE" us after what they did to the market is a shame. You don't see appraisers bowing down to do this? The costs thruout the years have gone lower and lower. The industry has gone from 6% commission to $5 orders! If there are so many Realtors out there willing to do this they should be paid an hourly wage by a company titled as a Data Researcher sitting in a cubical, rather a "Realtor" especially with some of these BPO's I have seen! It's a shame. Doing BPO's is a great way to keep up with the market while you are out there working buyers and seller, but it got so abused!
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#296153 - 06/26/09 07:51 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: ]
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Veteran Member
Registered: 02/16/06
Posts: 1258
Loc: United States
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The industry has gone from 6% commission to $5 orders! Gee, you don't think that in an effort to drive your point that you may exaggerate a tad, do you? HOw many agents do you know that have made a decision to quit doing 6% sales to do $5 orders? Better yet, how many agents do you know that are doing $5 orders? Hows about none. this $5 order thing is just something somebody will do while they are sitting in a coffee shop, waiting on the phone, etc ...what is the haarm if somebody wants to do that here or there? I have not seen one post from somebody saying they are giving up their business to do $5 orders. You made yor point, but took it to kind of a ridiculous level....in my opinion.
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#296231 - 06/26/09 06:27 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Major Contributor
Registered: 03/12/08
Posts: 2526
Loc: Pinehurst, NC
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Looking at the cat's remark I have to think it is from desperation, frustration, or despair.
No one makes me do what I don't agree, trust me.
Now just because I do something or don't do something - doesn't mean anyone has to, nor are they forced too.
So if $5 doesn't fit in your day's activity, or a 45-55 order - that is fine with me.
Question seems to be that some Realtors may be thankful for the work - while others will always blame them for permitting themselves to be abused - thus hurting the person objecting to it in some sort of way - perhaps their inability to earn the money the person doing the work is making.
I don't know - just a thought to stir the pot -lol
_________________________
Pinehurst Real Estate Guy Pinehurst Real Estate Pinehurst, Southern Pines, Aberdeen, Whispering Pines, Carthage, Foxfire, Seven Lakes & Beyond 27229, 27242, 27259, 27281, 27325, 27376, 28326, 28327, 28350, 28370, 28373, 28374, 28387, 28388, 28394 REO-BPO-Brokers.com Blog
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#296241 - 06/26/09 07:28 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Pine]
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Veteran Member
Registered: 01/26/09
Posts: 1199
Loc: Mother of Presidents
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We each have to make our own business decisions, which are best made independent of emotional clouds.
_________________________
Real Estate Agent, Licensed in VA since 2000 BPOS since 2000 Pop since 2002 Licensed as Broker in 2006 REOs since 2007 Founding Member of Beta Pi Omega, Alpha Chapter
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#296251 - 06/26/09 08:46 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Doin' bpose]
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Veteran Member
Registered: 07/31/08
Posts: 581
Loc: SW Okla
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You're absolutely right, Doin' bpose! And a part of one's decisions is quite likely based on the RE market in which they work. To say the SW Oklahoma market is 'quite' a bit different than the market in Detroit is a gross understatement.  Remaining in SW Oklahoma is also a business decision when you get right down to it.
_________________________
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005. Addicted to BPOs and working to expand.
LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. - despair.com
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#296264 - 06/26/09 10:08 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: ]
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Member
Registered: 09/26/06
Posts: 155
Loc: Triangle Area, NC
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You don't see appraisers bowing down to do this? Actually, yes you do. I know appraisers who are doing $25 property condition reports, and will do $5 MLS verifications all day long. Considering you could probably easily knock out 20 and hour, that's about $100 and hour (if you could get assigned that many that is  ) And appraisers are taking a big hit in the wallet with the new regulations requiring the use of clearing houses, who charge 30 to 50% of the appraisal fee, and that hit is being taken by the appraisers.
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#296284 - 06/27/09 01:09 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gman]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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If you had 100 per day you could make a minimal amount of money to survive.
If you had 50 per day you couldn't survive.
If you had 100 per day and sometimes 5 per day you would not survive.
If you had 100 per day and started counting on that volume you would have all your eggs in one basket. You would need to turn down some other better paying jobs to be able to complete all the work. You then may or may not survive, depending on if they continued the program.
My advice would be to accept a few when you have the time and keep doing what you are doing now to make ends meet.
I personally would never rely on one company, not even the former CW and they are as good as it gets. 100 x $5 x 5 =$2500 a week or over $10k a month...that is more than 75% of American Families make..barely get by? 50 x $5 x 5=$1500 a week ---min wage is not even $300... average American makes $25-30k a year or less than $600 a week... so again--if they cannot survive on $1500 a week--how can they raise kids, pay rent, buy food, pay for health care and so on with $600? God Bless America? I do not know how they do either--even though I have... But now when i tough it out--I have t-bones on the grill instead of hot dogs.. trust me---i know what is like to be broke---and i did not like it.. that is why i work till 4 am 7 days a week! peace! now lets pound out some $5 bpos and be darn thankful!
Edited by bpojoe (06/27/09 01:11 AM)
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#296289 - 06/27/09 07:29 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: bpojoe]
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Member
Registered: 08/09/07
Posts: 82
Loc: Florida
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If you had 100 per day you could make a minimal amount of money to survive.
If you had 50 per day you couldn't survive.
If you had 100 per day and sometimes 5 per day you would not survive.
If you had 100 per day and started counting on that volume you would have all your eggs in one basket. You would need to turn down some other better paying jobs to be able to complete all the work. You then may or may not survive, depending on if they continued the program.
My advice would be to accept a few when you have the time and keep doing what you are doing now to make ends meet.
I personally would never rely on one company, not even the former CW and they are as good as it gets. 100 x $5 x 5 =$2500 a week or over $10k a month...that is more than 75% of American Families make..barely get by? 50 x $5 x 5=$1500 a week ---min wage is not even $300... average American makes $25-30k a year or less than $600 a week... so again--if they cannot survive on $1500 a week--how can they raise kids, pay rent, buy food, pay for health care and so on with $600? God Bless America? I do not know how they do either--even though I have... But now when i tough it out--I have t-bones on the grill instead of hot dogs.. trust me---i know what is like to be broke---and i did not like it.. that is why i work till 4 am 7 days a week! peace! now lets pound out some $5 bpos and be darn thankful! I don't think the volume will be that high, it will be more like an extra $50 per week.
Edited by Pinehurst RE Guy (06/27/09 08:09 AM)
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#296298 - 06/27/09 10:29 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: A1fla]
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Member
Registered: 12/18/05
Posts: 122
Loc: California
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So has anyone recieved any of these orders yet?
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#296300 - 06/27/09 10:43 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: ]
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Major Contributor
Registered: 07/27/06
Posts: 3154
Loc: Dayton Ohio
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My Goodness...These posts! Come on...We are suppose to be professional here. Is this a network for Realtors? Between discussing sitting at a desk all day doing $5 orders like a $10/hr cubical worker and politics ? Stick around long enough and you will find that yes it is a network of Professionals that provide valuable insight, tips, and at times humor. Take a 5 buck order or not? It depends on your business. I can sit in office all night and knock them off as opposed to playing on the internet (which pays me nothing). I welcome the new product.
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#296301 - 06/27/09 11:24 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Rocky1Cat
Unregistered
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My Goodness again people! We are so defensive! I guess a couple were ready for an argument or disagreement of some sort. My post was geared to how disgusting I think it is that these Asset companies take such advantage of our profession & us from BPO orders getting so lengthy and with less and less pay, now we are down to $5 orders for information? Also, by doing this the quality of these BPO, mis-information, etc, expresses the quality of a so called "mini appraisal". I entered into this site to do a little research on a couple of things, but instead of getting information, I was just reading hip hip hurray comments on how many BPO's one can do, will do, major figurations of fantasy figures of income from $5 orders and tit for tat comments on issues. It was disappointing.
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#296305 - 06/27/09 11:51 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: ]
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Major Contributor
Registered: 03/12/08
Posts: 2526
Loc: Pinehurst, NC
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Hey Cat - if you read the forum thoroughly you'll learn a great deal - unless you know everything already  Stick around - you are certainly welcome to see things differently then I do, I won't bash anyone for that, if I did it would get awfully lonely in here. LOL
_________________________
Pinehurst Real Estate Guy Pinehurst Real Estate Pinehurst, Southern Pines, Aberdeen, Whispering Pines, Carthage, Foxfire, Seven Lakes & Beyond 27229, 27242, 27259, 27281, 27325, 27376, 28326, 28327, 28350, 28370, 28373, 28374, 28387, 28388, 28394 REO-BPO-Brokers.com Blog
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#296330 - 06/27/09 03:49 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 02/16/06
Posts: 1258
Loc: United States
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Well Cat, you went back and edited the post where I disagreed with you. It struck me that you were jumping on the folks that were exercising their choice to do those orders, hence the defensive stance. No problem with editing your post of course, but the pieces that drew some of us to be defensive have since been removed...if I thought you were taking task with the asset managers I would not have disagreed.
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#296333 - 06/27/09 04:04 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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Cat- I don't see anybody being defensive. Some will take a 5 buck order, others wont. As I sit here and type I could be doing a 5 dollar order as opposed to playing? I could also be mopping my kitchen, i'll do that later though. Do I have better things to do than a five dollar order? Not really, I am playing on the internet for free. By now I could have made 15-20 bucks.
If I felt like I was being taken advantage of or felt offended by the fee, I would simply not accept them. "Mopping my kitchen"?.......I never realized you've been domesticated.......lol.....That sure beats my "watching the grass grow" .......I'll give you credit, at least you're productive.....As for the "five buck orders", it's a business decision......just as long as the don't auto assign, I'm good to go........
Edited by CandyMan (06/27/09 04:05 PM)
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#296362 - 06/27/09 11:12 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Pine]
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Member
Registered: 04/05/07
Posts: 414
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Cat man, I agree with a few things and disagree with others. The first and only thing I will mention on this thread is that appraisers have caved in BIG TIME to keep busy.
I started appraising 18 years ago for $300 per appraisal. After 15 years I started making $375 per appraisal. Since May 1st 2009 and the HVCC and all the underbidding going on with the AMC's it's hard to get work for more than $200. Many appraisers have started doing appraisals for $150 which is not possible in my world to make a living (6 hours each). I actually make more doing BPO's than appraisals now. Even BPO's have not gone up in price in over 15 years, if anything they have gone down. I started out by making $50 each with simple forms and assigned the BPO unless I turned it down. Now you have to accept a BPO assignment within 3 seconds or lose it with many of the companies wanting 3 page forms for $35-$45 each.
I am starting to think I made a bad decision 18 years ago when my instructor kept telling me how great it was to sit on the beach and "handwrite his appraisals everyday". That really makes me reflect on the past, so here goes.
Some fun side notes !!!!
For those of you under 35 we had no computers, cell phones, email, texting and the best video game we had was PONG. The only way we could play it was at a pizza place. We even had to be able to tell time as there were no digital read outs. We had to be able to work out our math problems with a pencil and not a calculator. We could not screen calls, you had to take a chance that the person calling was someone you wanted to speak with. We actually rented our home phones from AT&T and had to pick them up from a local AT&T office or provider. We wore short shorts that will come back in style, beleive me. Hairy chests were IN and will be again. There was no MTV and we bought albums, not CD's. there were no DVD's not even VHS or Betamax. The wealthiest had an 8MM camera, a polaroid, a push mower and one black and white TV that had no stations available after 10PM and would not show a man and a woman in bed together unless their feet were touching the floor. Of course you would not see that, but it is true. I will admit that some parents have exagerrated things because not many of us walked uphill to school both ways, with no shoes in the snow.
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#296367 - 06/28/09 01:22 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gman]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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just remember why we are doing BPOS while the rest of the realtors are going hungry... competition.. that is what made the market flourish and what made it collapse..now it has driven out the appraisers to let us work like dogs for chicken feed!—unless you are smart and can make the system work for you! i made a lot of money from flat fee listings..now I make a lot from bpos (and still a little from flat fees) while my friends were making 10k-30k per deal the old fashioned way-every few weeks..i was making $300 a deal—100’s of times. now their house is in foreclosure --and i offered to teach them bpos--but they were too busy..and I am buying a new house at ½ the price they paid worth 2 times what theirs is..
the bottom line--is things change---so- we adapt or die.. if you do not like it--change it, accept it or get out of the way.. I just learn how to maximize it—then I either adapt—or I change the system!(as I did with a national flat fee business) i did thousands of flat fees and have done thousands of bpos.. and if anyone thinks it sounds like fantasy--then they have very low expectations.. we get what we work for.. nothing is going to come from wishing or praying.. you have to get out there, create systems and shake things up! I know people living in poverty with big dreams they cannot perceive and I know people in 20 million dollar homes living nightmares… and funny thing---neither groupd would do $5 bpos-ironically because it would be beneath them---but I will!
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#296451 - 06/28/09 09:16 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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I made a deal with my wife years ago, she wanted a house, I wanted a condo. So she mows the lawn I take care of the floors inside. It works for us. Years ago, I tried the same concept. She wanted a pet......I didn't.......we came to an agreement.....I can pick out the pet and she'll clean up after it........sooooooooo, I bought her a cow......after the first month of cleaning up after her new pet, she decided she needed a shovel. I thought I spoiled her when I threw in a pitch fork on day one.....could never seem to keep her happy....lol.
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#296460 - 06/28/09 11:44 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gman]
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Major Contributor
Registered: 07/27/06
Posts: 3154
Loc: Dayton Ohio
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For those of you under 35 we had no computers, cell phones, email, texting and the best video game we had was PONG. The only way we could play it was at a pizza place. We even had to be able to tell time as there were no digital read outs. We had to be able to work out our math problems with a pencil and not a calculator. We could not screen calls, you had to take a chance that the person calling was someone you wanted to speak with. We actually rented our home phones from AT&T and had to pick them up from a local AT&T office or provider. We wore short shorts that will come back in style, beleive me. Hairy chests were IN and will be again. There was no MTV and we bought albums, not CD's. there were no DVD's not even VHS or Betamax. The wealthiest had an 8MM camera, a polaroid, a push mower and one black and white TV that had no stations available after 10PM and would not show a man and a woman in bed together unless their feet were touching the floor. Of course you would not see that, but it is true. I will admit that some parents have exagerrated things because not many of us walked uphill to school both ways, with no shoes in the snow.
Im just a bit over 35. I remember though when we had to get a push button phone via ATT. It cost more to have push button. Mom refused to pay the fee to we had to use the pulse mode on the phone. I was just thinking the other other day about when I was a kid most channels cut off at 1am; the National Anthem would play then it would go to scribble. Just like Polergeist.
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#296469 - 06/29/09 05:18 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 11/15/06
Posts: 1240
Loc: The Middle of the Interstate
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Remember party line phones and all calls needed an operator?
Some other services though, have gone down in price.
Cell calls used to be $1.00 per minute. The first generation color TV's were about $500 back in the late 60's.
Even internet service via dial up was expensive (and slow) when the internet craze started.
_________________________
Broker-Owner Thirteen Years REO Experience GRI,CRS,CRB,e-Pro
Some days I feel like the bug, other days I feel like the windshield
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#296482 - 06/29/09 08:42 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 01/26/09
Posts: 1199
Loc: Mother of Presidents
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For those of you under 35 we had no computers, cell phones, email, texting and the best video game we had was PONG. The only way we could play it was at a pizza place. We even had to be able to tell time as there were no digital read outs. We had to be able to work out our math problems with a pencil and not a calculator. We could not screen calls, you had to take a chance that the person calling was someone you wanted to speak with. We actually rented our home phones from AT&T and had to pick them up from a local AT&T office or provider. We wore short shorts that will come back in style, beleive me. Hairy chests were IN and will be again. There was no MTV and we bought albums, not CD's. there were no DVD's not even VHS or Betamax. The wealthiest had an 8MM camera, a polaroid, a push mower and one black and white TV that had no stations available after 10PM and would not show a man and a woman in bed together unless their feet were touching the floor. Of course you would not see that, but it is true. I will admit that some parents have exagerrated things because not many of us walked uphill to school both ways, with no shoes in the snow.
Im just a bit over 35. I remember though when we had to get a push button phone via ATT. It cost more to have push button. Mom refused to pay the fee to we had to use the pulse mode on the phone. I was just thinking the other other day about when I was a kid most channels cut off at 1am; the National Anthem would play then it would go to scribble. Just like Polergeist. I am over 35 by a few and I remember the ATT rental phones, I remember pong and asteroids. Our TV was black and white until I was 10 or 11. My friends hated spending the night, but I did not seem to mind. Food was prepared from ingredients and not processed. Fast food was a rarety. I guess the idea is that we are part of what, in 10 years, will be obsolete. Who knows? My first BPO (early 2000) I used a regular camera and film, 1 hr photo proccessing, glue sticks, type writer, and overnight mail. The pay was about 75 on average for a DB. Think about the extra expenses of film, developing, time, overnight charges. It's about a wash. I am still completing orders. We still use phones, we just don't rent them from ATT.
_________________________
Real Estate Agent, Licensed in VA since 2000 BPOS since 2000 Pop since 2002 Licensed as Broker in 2006 REOs since 2007 Founding Member of Beta Pi Omega, Alpha Chapter
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#296496 - 06/29/09 11:10 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Doin' bpose]
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Member
Registered: 02/29/08
Posts: 56
Loc: Ohio
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Do you remember how we would all be upset because the president was on TV. To all you babies there was only like 3 channels-ABC, CBS, and NBC. If the president was on, he was on all 3 at the same time. Okay, I admit it...I AM over 35.
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#296498 - 06/29/09 11:30 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: jbentley]
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Major Contributor
Registered: 07/27/06
Posts: 3154
Loc: Dayton Ohio
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Do you remember how we would all be upset because the president was on TV. To all you babies there was only like 3 channels-ABC, CBS, and NBC. If the president was on, he was on all 3 at the same time. Okay, I admit it...I AM over 35. That used to just make me angry HAHA!!! I remember when President Reagan was shot. I was home sick from school, laying in bed and all networks broke in. Mom was very upset, not for the shooting, but General Hospital was interupted.
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#296502 - 06/29/09 11:44 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 02/16/06
Posts: 1258
Loc: United States
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I can remember huddlin' around the transistor and crackin up to Amos and Andy.
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#296503 - 06/29/09 11:46 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Veteran Member
Registered: 11/15/06
Posts: 1240
Loc: The Middle of the Interstate
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I remember when the signs at McDonalds stated -
"Over 100 served"
_________________________
Broker-Owner Thirteen Years REO Experience GRI,CRS,CRB,e-Pro
Some days I feel like the bug, other days I feel like the windshield
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#296517 - 06/29/09 03:55 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: PA Roadkill]
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Major Contributor
Registered: 07/27/06
Posts: 3154
Loc: Dayton Ohio
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I remember when the signs at McDonalds stated -
"Over 100 served" You are old! What a strange turn this thread had taken. I like it!
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#296540 - 06/29/09 09:11 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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I remember when the signs at McDonalds stated -
"Over 100 served" You are old! What a strange turn this thread had taken. I like it! GOING FOR OLDEST PUP IN THE PACK>>>>>>>>>>>>>>>>> I can remember listening to "The Shadow" on my dad's car radio (sponsered by Signal Oil Company).....we lived in the desert and had no electricity.... also had no indoor plumbing.....If ya had to go potty, ya went before sunset......rattle snakes.......I also remember seeing a big mushroom cloud in the sky, miles from our house........government was testing the "A Bomb".......I think that's where I got my "glowing personality".......lol
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#296544 - 06/29/09 10:17 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: CandyMan]
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Veteran Member
Registered: 02/16/06
Posts: 1258
Loc: United States
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Sounds like some freaky boring desert town between Tucson and Phx...
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#296548 - 06/29/09 10:29 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: smg]
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Member
Registered: 06/20/07
Posts: 496
Loc: Right of the Left Coast
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Do any of you ole timers remember the first TV remote controls that really made loud clicks instead of infrared used today.
If I spelled infrared wrong..........sorry.
infared?
In for fred?
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#296556 - 06/30/09 12:04 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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Do any of you ole timers remember the first TV remote controls that really made loud clicks instead of infrared used today.
If I spelled infrared wrong..........sorry.
infared?
In for fred? Sure do remember that.........now, that clicking sound is my back when I get up off the couch.........lol
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#296560 - 06/30/09 01:10 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: super realtor]
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Veteran Member
Registered: 07/12/08
Posts: 1473
Loc: California
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Old???????.......youbetcha........
I fought in two wars......Vietnam, and one marriage......In fact, they made a movie about the latter one......."War of the Rose's"...
The TV programs I watched......Howdy Doody.....Flash Gorden.... I guess that kind of dates me......lol
_________________________
Licensed since 1492 First broker: C. Columbus First office; Mayflower Realty First client: Chief Givemeabreak First commission: one blanket and a few beads (about the same it's today)
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#296567 - 06/30/09 05:04 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: CandyMan]
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Veteran Member
Registered: 11/15/06
Posts: 1240
Loc: The Middle of the Interstate
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We use the expression Older Than Dirt
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Broker-Owner Thirteen Years REO Experience GRI,CRS,CRB,e-Pro
Some days I feel like the bug, other days I feel like the windshield
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#296571 - 06/30/09 07:36 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: PA Roadkill]
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Veteran Member
Registered: 01/11/06
Posts: 579
Loc: Missouri
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I remember when we used to search for comps in the MLS books...had to photo copy the comp pics and then glue them on the bpo forms. I used to take pics with a 35MM and had to run down the street to the photo shop to pick them up after developing. Ah...those were the days!!!
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Broker Associate since 1994 REO's and BPO's since 1996
In Memory of Gary Taylor: Death is the starlit strip between the companionship of yesterday and the reunion of tomorrow. - Engraved on a Mark Twain monument.
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#296573 - 06/30/09 08:05 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: mbrkr]
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Major Contributor
Registered: 04/12/08
Posts: 2519
Loc: Vermont's North-East Kingdom
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I suppose I'm the only one who had to use a Polaroid for the really "Rush" Jobs. At over $1.00 per photo . . . . there was only ONE (1) take !
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Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont Where We're Always Striving To Put Together "THE FAIR DEAL"
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#296634 - 06/30/09 03:31 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Vermont]
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Major Contributor
Registered: 03/12/08
Posts: 2526
Loc: Pinehurst, NC
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The first TV I remember - I was the remote for everyone. Then I can remember you could change the channel, when you didn't have the remote or kids, by 'jingling' at set of keys  Quiet in the 'Peanut Gallery' I also remember 'Howdy Doody - Buffalo Bob - Clarabell', 'The Cisco Kid', 'The Roy Rogers Show', 'Rin Tin Tin', 'The Adventures of Ozzie and Harriet, 'The Lone Ranger' and the varieties like 'Bob Hope', 'Red Skelton', 'Lawrence Welk', and of course 'Walt Disney'. I was young - but I remember them - now where did I put my cup of coffee??? I never had to develop film for an appraisal or bpo - I had it done for my boss - but I shelled out way to much for a digital a long time ago. And - I haven't had a chance at a $5 order either  Story - As a little lad I was taken to a promotion for the 'Howdy Doody Show' - Clarabell came and picked me up as a photo op, and scared the bejeebers out of me - I still strongly dislike clowns 
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Pinehurst Real Estate Guy Pinehurst Real Estate Pinehurst, Southern Pines, Aberdeen, Whispering Pines, Carthage, Foxfire, Seven Lakes & Beyond 27229, 27242, 27259, 27281, 27325, 27376, 28326, 28327, 28350, 28370, 28373, 28374, 28387, 28388, 28394 REO-BPO-Brokers.com Blog
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#296891 - 07/02/09 12:58 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Pine]
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Veteran Member
Registered: 12/28/06
Posts: 523
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I remember those books of listings the local board used to publish twice monthly. Of course, I was 10 yrs old and that was 25 yrs ago. They used to accummulate at my parents' house. We used them to start the fireplace and stove when they got old.
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#297091 - 07/04/09 12:10 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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Do any of you ole timers remember the first TV remote controls that really made loud clicks instead of infrared used today.
If I spelled infrared wrong..........sorry.
infared?
In for fred? the great thing with those clickers--when i lost it---just jingle the car keys to change channels.. that was back in the day of PONG, Aerosmith Toys in the Attic and 8 tracks---there also seemed to be a lot more stars in the sky.. anyone ever had milk delivered to the house in glass bottles? or have trash picked up by an old Black dude named Toby--with a wagon and an old horse? if u say yes to the last one--we were neighbors!
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#297114 - 07/04/09 08:31 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gman]
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Veteran Member
Registered: 06/15/05
Posts: 1164
Loc: Texas
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Cat man, I agree with a few things and disagree with others. The first and only thing I will mention on this thread is that appraisers have caved in BIG TIME to keep busy.
I started appraising 18 years ago for $300 per appraisal. After 15 years I started making $375 per appraisal. Since May 1st 2009 and the HVCC and all the underbidding going on with the AMC's it's hard to get work for more than $200. Many appraisers have started doing appraisals for $150 which is not possible in my world to make a living (6 hours each). I actually make more doing BPO's than appraisals now. Even BPO's have not gone up in price in over 15 years, if anything they have gone down. I started out by making $50 each with simple forms and assigned the BPO unless I turned it down. Now you have to accept a BPO assignment within 3 seconds or lose it with many of the companies wanting 3 page forms for $35-$45 each.
I am starting to think I made a bad decision 18 years ago when my instructor kept telling me how great it was to sit on the beach and "handwrite his appraisals everyday". That really makes me reflect on the past, so here goes.
Some fun side notes !!!!
For those of you under 35 we had no computers, cell phones, email, texting and the best video game we had was PONG. The only way we could play it was at a pizza place. We even had to be able to tell time as there were no digital read outs. We had to be able to work out our math problems with a pencil and not a calculator. We could not screen calls, you had to take a chance that the person calling was someone you wanted to speak with. We actually rented our home phones from AT&T and had to pick them up from a local AT&T office or provider. We wore short shorts that will come back in style, beleive me. Hairy chests were IN and will be again. There was no MTV and we bought albums, not CD's. there were no DVD's not even VHS or Betamax. The wealthiest had an 8MM camera, a polaroid, a push mower and one black and white TV that had no stations available after 10PM and would not show a man and a woman in bed together unless their feet were touching the floor. Of course you would not see that, but it is true. I will admit that some parents have exagerrated things because not many of us walked uphill to school both ways, with no shoes in the snow. Buyers are still charged $350 to $400 for an appraisal in my market? who is skimming off the top?
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#297138 - 07/04/09 10:28 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gig em]
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Veteran Member
Registered: 03/04/07
Posts: 1426
Loc: My Own Private Idaho
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It is the HVCC central distribution place that is skimming $200 off the top to cover the costs of distributing them. Something like that, out broker explained it better, but there is a fee they add on to the appraisal.
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______ Justine
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#297143 - 07/04/09 11:19 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: Gig em]
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Member
Registered: 09/26/06
Posts: 155
Loc: Triangle Area, NC
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[Buyers are still charged $350 to $400 for an appraisal in my market? who is skimming off the top? The management companies are charging 40 to 60% of appraisal fees, so appraisers are taking the biggest hit on income, but buyer costs are going up to offset those fees. One lender I talked to recently has started seeing charges of $500 for FHA appraisals. Overall I am seeing appraisals costing $50 to $100 more, and turn around time has skyrocketed, and quality is down, as more out of area appraisers are doing the work. So buyer costs are going up, and appraisal quality is going down. A brief article talks about it: http://www.wral.com/news/local/story/5434502/?navkeyword=appraisalFor those fees, the lenders would be better off ordering 3 BPO's and comparing three independent opinions of value versus one appraiser's opinion of value. Hopefully the bill to suspend the HVCC for 18 months will gain some traction and give some breathing room to work out the kinks, instead of the heavy handed slap down law that was passed.
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#297162 - 07/04/09 03:20 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: tri4sale]
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Veteran Member
Registered: 11/15/06
Posts: 1240
Loc: The Middle of the Interstate
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I spoke to an appraiser/agent on Thursday about this. She told me she is not renewing her appraisal license because of the declining fees. She also mentioned she received a call for a full appraisal on a purchase last week and was offered $125 to complete it.
_________________________
Broker-Owner Thirteen Years REO Experience GRI,CRS,CRB,e-Pro
Some days I feel like the bug, other days I feel like the windshield
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#297372 - 07/06/09 10:33 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: PA Roadkill]
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Member
Registered: 10/11/08
Posts: 257
Loc: Washington
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The $5 orders just make me think of that catchy subway song... $5 footlongs....
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#297437 - 07/07/09 11:44 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: jdharpe]
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Member
Registered: 01/19/09
Posts: 295
Loc: CA
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wow, people are so desperate. I think some might do for free so they can put on their resume.
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#297485 - 07/07/09 05:09 PM
Re: FARVV, So Called "New Product", $5 FEE
[Re: REODayton]
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Member
Registered: 06/20/07
Posts: 496
Loc: Right of the Left Coast
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Has anyone actually completed one of these $5 specials?
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#297577 - 07/08/09 01:03 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: BPObigolly]
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Member
Registered: 08/12/07
Posts: 142
Loc: florida
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if you think fees are getting low...i am now doing flat fee mls listings for people for less than $100.. it is like a BPO without driving.. I used to get $300...before that people were getting $500 and more.. but it is a dog eat dog world so i just cut my competition by $5 and take the lion's share! I remember equity point wanting me to drive 50 miles for $35 bpo—ain’t happening! I can spend 10-15 min for $5 if I have 10-20 of them lying around.. And I can spend an ½ an hour or an hour for 50-100 dollars if i have to---that is the nature of E-Commerce— Been doing it for years.. That is the free market—for those who do not like socialism…welcome to capitalism.. Quality is the casualty in a speed and cost conscious market— Why do you think the Indians and Filipinas are hired by the millions? It ain’t because of their customer service or communications skills---IT IS BECAUSE THE WORK 10 HOURS A DAY FOR 50-100 dillars a week! Not complaining..you just have to adapt or die---personally-I can outwork and outpace my competition most of the time anyway--- When I get tired—I just churn and burn on some other dog eat dog bone!
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#297757 - 07/09/09 07:06 AM
Re: FARVV, So Called "New Product", $5 FEE
[Re: PA Roadkill]
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Member
Registered: 02/13/08
Posts: 131
Loc: USA
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I spoke to an appraiser/agent on Thursday about this. She told me she is not renewing her appraisal license because of the declining fees. She also mentioned she received a call for a full appraisal on a purchase last week and was offered $125 to complete it. $125 for a full appraisal from the AMC. The price is getting close to bpo territory. On a FHA appraisal you have to take pictures of all the comps and inspect the house in addition to all the other extra work involved with appraising. One day I predict appraisals and bpos will merge.
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Registered: 11/04/09
Posts: 46
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