All Forum Posts by: Stan Jackson

As I said before in another thread:

And, I'm not saying that proposing a scheme is the intent of the OP, just that if someone does come to BP to do so, please be forewarned.

Duece, forget the BC, just give them last 16 digits of your credit card.

You're correct, I just looked at the date and not the year.

Ken,

Do you mind posting your chart of accounts here?

Quick note to Josh, did you notice the date of Ryan's post and the date of the remaining post, interesting that it's out of order. Probably no big deal!

Stan

Dustin,

Have you done a 12 month historical review in your MLS? As far as my area go, I noticed a trend moving to Short Sales more than 6 months ago.

The Kings and Queens of the REO business were showing less and less of new reo listings and starting to increase their Short Sale business.

I believe I read a report recently that NAR projects that 60%+ of transaction in 2011 will be short sales, leaving the other 40% to reo, retail and what not.

So, to answer your question (IMO), REO brokers have had to go back to basic real estate. Meaning they are having to market for listings, as opposed to getting listings from the powers to be(banks).

The challenges involved in getting a short sale listing are different from that of the retail seller. Most, or many, homeowners know the process and timeline for the foreclosure but choose to wait the day before the sheriff sale to allow you the opportunity to list the property. Learning how to convince the homeowner that it is in their best interest to start marketing the property in early, can be challenging for those who are accustomed to simply getting listings handed to them, again IMHO.

Stan

Ray,

Depending on specifically where that townhouse is located in Tampa, $78k is on the high-end of values.

Westchase and Valrico are good neighborhood and $78k is about the asking price.

Based on my information, which may be dated, $1,200 is close to what this unit would rent for. This may be a better deal when looking at the numbers. However, since it is within a HOA, see my tag!

Stan

Jake,

Have you searched here on BP in the Networking section? There you can search for agents by location. I've been successful in referring out of state business to members.

Stan

Rob,

Would taping the paper on the door be considered the initial contact according to MARS? If so, what about the required disclosures?

Stan

Assuming you are getting your brokers license and opening your own office, then you will have all of the expenses of running a business i.e. insurance, occupational licenses, rent (if brick & mortar) etc.

If you can get your BK license and renegotiate your contract with your current broker to open a branch office, then you may add Errors & Ommissions insurance to the above cost. This way, you can capitalize on any and everything you've already established, specifically the branding.

Opening your own firm means you will be responsible for your actions as opposed to the former broker being ultimately responsible.

@Michael, no state school or test I've ever taken intended to teach creative anything. That would be Carlton Sheet and the likes. And, that's not a slight on Mr Sheets.

That looks like an episode of "This Old House"!

Definately keep up posted.

I agree with Jason.

You may want to clarify that statement!