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All Forum Posts by: Samantha M.

Samantha M. has started 128 posts and replied 498 times.

Originally posted by @Bill Wallace:

They take those buyer leads and sell them back to Realtors. For example, I pay $2,500 for 1/3 of 1 medium sized zip code (so that one average zip code is generating around $7,500/year).

 Its foolish to believe they are not hard at work trying to figure out how to take realtors out of the home selling and buying equation completely. Why make a margin selling leads when you can claim all the profit? 

Post: Finding Home Owners Phone Numbers?

Samantha M.Posted
  • Landlord
  • Dallas, TX
  • Posts 505
  • Votes 34

Does anyone have any suggestions for a cost effective way to find the phone numbers of  the person who owns a home? We are trying to find a system that is cost effective for calling sellers whos listings have expired.

We are trying to find a more cost effective method, right now bulk skip tracing quotes are about a $1 per record. And with 50-60+ expired listings in our area every day, it will not be a very cost effective solution. 

Just a quick update for those of you who may have missed it Zulia has bought out Trulia. 

You guys seem to be putting a lot of faith in NAR and the political process that keeps agents in place. Really NAR has been doing nothing to protect the agent while Trulia and Zillow gobble up the market share and slowly make the agent a thing of the past. Meanwhile NAR sits idly on the sidelines.

If Trulia and Zillow can make the experience similar to for sale by owner.com and automate  doing the sellers paperwork for him without the added cost then the days of the realtor will be gone. 

Zillow and Trulia look like they will likely be merging as shown in this article on CNN:http://money.cnn.com/2014/07/25/real_estate/zillow-trulia/

My question to all the agents and brokers here is, do you think eventually they will figure out how to sell and buy real estate online without the need of having an agent? 

Sure seems it is going that way to me and agents/brokers are on their way and becoming irrelevant. 

Post: Sub2 Inventory Question

Samantha M.Posted
  • Landlord
  • Dallas, TX
  • Posts 505
  • Votes 34

Just a basic question here, but specifically when investing Sub2, are you looking at houses with a certain interest rate as a type of "inventory" so to speak. For example if you were looking to buy sub 2, homes built 1995 or later, with 5% interest rate and under, would that be the inventory component of Sub2?

Post: Buyers Agent: Driving around Buyers Required?

Samantha M.Posted
  • Landlord
  • Dallas, TX
  • Posts 505
  • Votes 34
Originally posted by @Account Closed:
Originally posted by @Samantha M.:
How do you verify the buyer has funds and is willing, ready and able to close on a house so you dont waste your time? Do you just ask for a letter from there lender or something? Do you call the lender to confirm?

A normal thing to ask is if they plan to pay this outright or use financing.

Then regardless of what they say, you can tell them we'll need a proof of funds letter or pre-qualification letter as sellers are expecting them.

If they don't have them, and they usually don't, you can direct them to your preferred lender.

Why in the world would you sign up with a brokerage that doesn't have local support and back office? That's pretty silly.

Sorry, they do have a local office / training. I misunderstood her. She is mostly wanting to deal in Fort Worth and the office is in Dallas, so a bit of a drive is all. Thanks for your post!

Post: Buyers Agent: Driving around Buyers Required?

Samantha M.Posted
  • Landlord
  • Dallas, TX
  • Posts 505
  • Votes 34

How do you verify the buyer has funds and is willing, ready and able to close on a house so you dont waste your time? Do you just ask for a letter from there lender or something? Do you call the lender to confirm?

Post: Buyers Agent: Driving around Buyers Required?

Samantha M.Posted
  • Landlord
  • Dallas, TX
  • Posts 505
  • Votes 34

@Jeff Clawson Thanks Jeff for the warning on touring vacant homes with strangers. Would you advise the same caution for my son who is working on getting licensed, or is this something more strictly for female agents?

Also when you meet at starbucks what is the general process you have? What do you sit down and talk to them about and how do you guage if something is fishy or not. If there is something suspect, how would you politley leave and not show the house?

Post: Buyers Agent: Driving around Buyers Required?

Samantha M.Posted
  • Landlord
  • Dallas, TX
  • Posts 505
  • Votes 34

Is it assumed that realtors will typically drive around the buyers to look at houses? Is it a deal breaker if the realtor is unable to do this? The reason I ask is my daughter just activated her license with a broker. She is a real estate agent here in Dallas, and the broker is in Austin with no offices in DFW yet. As such there is no office here that the buyers will be able to meet her so that she would be able to drive them around to look at houses.

The alternative in this case if she needed to drive them around would be to meet at a neutral location like starbucks, or pick them up from their home. Neither of which sounds very convenient. If she could meet buyers at the house that would be ideal.

Thanks guys