America's Largest Social Network for Default Real Estate Professionals
“Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.”
William Jennings Bryan
Being a self-employed, every professional holds his destiny in his hands. Taking control of your life is the first step towards achieving success and retirement is an extremely important part of life. How do you achieve maximum benefits with your retirement…Continue
If you are selling a home, your real estate agent may often tell you the something like – “we have to sell it fast, it’s in your best interests”, “get rid of this chapter of your life and start anew”. “make sure you clean your home thoroughly and give it a fresh coat of paint on the…Continue
In December 2014, national cash sales on single family homes made up for about 35% of the total of all home sales. WOW!! However, if we turn the clock back a year we find the cash sales in December 2013 made up 38.5% of the share; so why is this figure falling and should we be worried by it? Now, I’m not saying that this # is the best gage of the real estate market,…Continue
Added by Pam Maglione on April 2, 2015 at 12:44pm — No Comments
The Wisconsin housing statistics are in for the month of February, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The Wisconsin housing market showed…
Added by Michael Collins, CDPE, SFR on March 25, 2015 at 8:17am — No Comments
Moving out of a huge house and into a property that is considerably smaller is taking off in the U.S. (as well as in many other countries) in an ever-increasing way. So why do people do it? The average floor space of the typical American home is approximately 2600 square feet, but compare that to a tiny house where the floor space can measure just 100 square feet and no…Continue
Added by Pam Maglione on March 20, 2015 at 9:43am — No Comments
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
Franklin D. Roosevelt
Franklin D. Roosevelt was able to sum together the entire thought process of real estate investors and agents in a single sentence. Real estate business is back on its track after the last…Continue
Added by Dmitriy Fomichenko on March 20, 2015 at 9:00am — No Comments
Are you like us? Seeing a decline in social media engagement over the last year?
I have heard many say "why is my social media traffic slowing down, specifically Facebook?" and I have noticed the same with my pages, that I have built slowly but surely over the last 5 years.
So on one hand, I'm relieved that it's not just me, that there are…Continue
Added by Pam Maglione on March 13, 2015 at 10:41am — No Comments
By working probates, agents can get ahead of the ball, not behind it or on top of it. With a shrinking distressed property market, many agents are feeling the crunch of fewer selling opportunities. A staggering amount of properties will pass through probates - literally trillions of…Continue
Added by James Rutkowski on March 13, 2015 at 8:33am — No Comments
What is the Purpose of an Appraisal?
A mortgage has many specific pieces involved in it. Obviously there is the money supplied by the lender to pay the seller for their asking price. There…Continue
Added by Michael Collins, CDPE, SFR on March 11, 2015 at 10:07am — No Comments
I received a call a few weeks ago from an agent in Tampa (I'm in Jacksonville) requesting that I list an REO for him and he would pay the referral fee. He then asked me to do a BPO and send my vendor out to rekey the property which was done and he would pay once I sent all the docs and invoices.
I'm sure you know the rest of the story. He's never paid or listed the property in my MLS. Now he won't even answer phone calls. I have had to pay my vendor so of course I got the lockbox back…Continue
One key component to becoming a successful real estate agent is to start getting better reviews and more of them. How does a realtor get the reviews they so richly deserve? To convert a potential client to sign on the dotted line, often the defining factor is whether the agent must be well liked or well reviewed.
Most of the time the job of the potential client…Continue
Sellers, there are more expenses to selling your home than commissions if you're not ready to sell. One of worst things a seller can do is overprice his/her home when it first comes on the market. A small overage is one thing, but when that overage hits 10, 15, 20, 30% and beyond, it's like burning dollars in your furnace to stay warm.
What are the unrealized expenses of overpricing a home? I only say unrealized because it seems that sellers are the last ones to…Continue
The Wisconsin housing statistics are in for this January of 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
Existing home sales fell in January but median prices rose at a healthy…
Added by Michael Collins, CDPE, SFR on February 26, 2015 at 10:17am — No Comments
Once one business cuts its cost to win the contract for nationwide coverage of BPOs and then reduce the price paid to Real Estate agents, we (as Independent Contractors) suffer from the reduced fee structure. Surely other firms will quickly pick up on the idea and say hey why pay more when we can get them for less. Then the pricing wars begin and from there its a "Downward Spiral" very…Continue
The executor is not merely feeling the loss of a loved one, but there are other dynamics going on. From my experience, the astute investor or agent that can help the executor navigate…Continue
When marketing to probates, the "go to" person you want to contact is the executor, also known as the Personal Representative, among other terms. This is the person that has been given the authority by the Court to wind down the early affairs of the deceased, and is tasked with liquidating the real property attached to the…Continue
Added by James Rutkowski on February 10, 2015 at 12:11pm — No Comments
With an aging boomer population, there will be trillions of dollars transfer from one generation to the next in the coming years and these probate properties are unlisted, unpublished and unknown.…Continue
It is rapidly becoming apparent that the auto accept industry is killing the REO business forcing companies to do everything possible to combat them. The latest announcement by RReview that they will be moving away from broadcast orders says it all. I cant understand why agents feel they need to take every single order the only real winners are small BPO companies that love the way there orders are taken quickly ( at low fees to most of the time)
Finding that Elusive Starter Home
The past few years have brought several changes in the real estate industry. The housing bust of 2006-08 led many people to either sell or walk away from their home. As the market is continuing to rebound, many investors have scooped up homes at affordable prices and are offering them as rental properties. In addition, other…Continue
Added by Michael Collins, CDPE, SFR on February 4, 2015 at 10:38am — No Comments
I know some day soon our days as BPO specialist will end, this could be the start of our demise. This article refers to appraisers however the software in use today will soon make us all pretty much obsolete. Any comments?