All Forum Posts by: Jeremy Meyer

The 800 numbers on top of the for sale signs that offer recorded messages regarding the property. The number that is calling has the option to contact you, leave you a message, or simply hang up. The pitch is that the prospective buyer is more likely to call a recorded message than to actually call an agent just to infer about the property. What the product does, is give you the number of the person who called, then you call back. You have to reference the do not call list, but otherwise you have somebody who could be interested in buying.

As a realtor, do any of you have suggestions on how to move my short sales faster? I have about 15 listings, but I'm in the dark. Are there items, besides the short sale package they ask for, that will expedite or increase my chances of the offer being accepted?

I recently attended a seminar where they basically give you free lunch while they peddle their wares. One thing that caught my attention was the call-capture system. It seems like you would get a bunch of tire-kickers, but for $30/mo. it shouldn't be too risky. Any experiences?

I am a realtor in the San Diego area. My experiences with REO's (as a buyer's agent, not a listing agent) have been successful. There have been a few that were priced below market, probably to cause multiple offers, which it did. The banks usually take a while to get back to you on your offer (2-5 business days) but when they do it's downhill from there. Just make sure when you make your offer you are pre-approved. Not just a letter from your mortgage broker, but a full-on approval with conditions if it's from a broker, or a detailed letter if it's from a bank.

I've recently left the mortgage business and moved on to strictly real estate. I've found that when banks take away almost all your tools, it's difficult to get much done.

My understanding is that bank REOs are the thing to have if a real estate agent wants to be successful in this market. Does anybody happen to know the best way get an opportunity? I've done a few BPOs, but I'm afraid that my prices were too realistic (lower) than the banks wanted, and they've given the REO to somebody else. The market is certainly downward here in San Diego, but banks don't want to hear that.

Any suggestions would help.

I've been doing a few BPOs and they are a ton of work, but if I can get an REO account by doing a good job, it'll be well worth the time. Considering all my time and money I've put into making Real Estate work, it's amazing that a bank will pay me anything to do a BPO.