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October 2012 Blog Posts (10)

Paying for your buyer inspections?

How many agents have been approached to pay for your buyers inspections?

I haven't ever been asked this until the other day. I am a REO agent that has a listing and the buyer ended up coming to me by referral. I have been working on this house for over a year, doing weekly inspections, tasks, MMR's, BPO's and the sales…

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Added by Amy Alvarez on October 31, 2012 at 2:26pm — 3 Comments

Five Things Home Inspectors Must do to Stay Working



McKissock, a leader in continuing education for real estate-related professionals, has outlined five ways to keep home inspectors on the job. Rookies and veterans alike have the same things to consider as the industry changes; this list is applicable for anyone who needs to keep their income flowing. McKissock…

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Added by Rebecca H on October 30, 2012 at 4:30pm — No Comments

Bend Home Sale Prices Rocketing UP

A quick summary:

2012 is definitely showing strong improvement; up 7% over 2011 when measuring by $/sq ft and 9.4% when measuring by average sale price. The rest of the story is the shrinking supply of inventory as has been shown for a long time now by the inventory and list to sold charts.

I don’t typically get excited about monthly figures but the past 5 months show a significant upward shift. See…

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Added by Robert Page on October 28, 2012 at 5:23pm — No Comments

Bank of America Comes into the 21st Century With Electronic Signatures

I am so excited about this news! I know, it doesn't take much for me to get excited, but this is really big news in my opinion.

Up until now if you were involved in a Silicon Valley Bank of America Short Sale they did not take electronic signatures. This would have been ok if the bank could sit with you in your conference room and look at the offers. We all know this…

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Added by Marcy Moyer on October 16, 2012 at 10:00pm — No Comments

Trying to get back into REO/BPO after a move from NV to CA + 1 year break... Advice and help needed!

I was heavy in the REO / BPO business in Las Vegas for 6 years. I moved to San Diego about a year ago and took a break from real estate sales, instead opting to work with a company affiliated with doing tours to London for the Olympics. Now that the Olympics are done, I am attempting to get back in to the REO / BPO biz, and am finding it SO difficult to get get my wheels turning again.

I previously got most of my listings from Old Republic, but upon trying to get biz again, I…

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Added by Lindsay Wells on October 16, 2012 at 1:30pm — 4 Comments

IAS

I recevied a notice that IAS lost the Bank of America accounts.  Did any anyone hear about this happening before they actually lost it or was this a suprise?  I only heard about it after I received an email that stated "as you all know IAS is no lnoger servicing BOA accounts, etc.."  Sorry, I did not know. I noticed the BPO orders in Indianapolis were getting to be much less the past few months. Anyone?

Added by Tim Smith on October 15, 2012 at 1:30am — No Comments

Inventory Continues Long Term Decline

Charts show a decline in inventory we’ve come to expect in the 4th quarter however they also depict a long-term trend downward. Of equal note, the past 3 years have shown an increase in Bank owned (REO) inventory in the 4th quarter. So far, that isn’t happening. It is early though, we’ll see.

To view charts and tables: …

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Added by Robert Page on October 14, 2012 at 5:56pm — 3 Comments

Watch Out For Blossom Valley Short Sales When The Seller is a Realtor

I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:

The seller was a real estate broker and the listing agent works for the seller. The buyer…

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Added by Marcy Moyer on October 8, 2012 at 9:30pm — No Comments

Why Hedge Funds Can’t Compete with Solo Real Estate Investors

There are 2 reasons real estate investors shouldn’t fear big bulk buyers of distressed properties and 4 ways they can level the playing field and vault ahead of them…

 

Some smaller real estate investors and the media have been creating panic by stirring up stories of bidding wars and a lack of discounted inventory for flipping houses or at least locking into the best cash flow spreads…

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Added by Brecht Palombo on October 4, 2012 at 10:18am — No Comments

We Won't Throw You Under The Bus!

We Won't Throw You Under The Bus!
  

We hear you! We have heard lots of complaints about other home inspectors that will throw the agent under the bus. Not at Selman Home Inspections! We know and understand how hard you…
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Added by David Selman on October 2, 2012 at 2:52pm — No Comments

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