Comments for Metro Brokers Blog

Comment on Alarming News for Short Sale Negotiations by Sandi Rodrick

Sandi Rodrick — Tue, 16 Mar 2010 15:09:19 +0000

Excellent article, Ann, proving that a successful, professional REALTOR can’t ever be too well-informed or stop learning on a daily basis in this ever-changing market. What was the norm yesterday, may be totaly different the next morning as we all- government officials, bank executives, real estate professionals and even regular citizens- try to correct the economy and the effects it has had on all phases of our lives and chosen professions. Lloyd Carver went right to the heart of the matter stating how important a real estate agent’s assistance is in the closing of Short Sale. Homeowners, and even their potential buyers, are so emotionally involved in these transactions that those emotions sometimes paralyze them from being the clear, big-picture thinker they may usually be. Their real estate agent helps keep them calm, translates their information and their feelings to the lender in a much less emotional and concise manner which faciliates the process. The Georgia Association of REALTORS and National Association of REALTORS are working on these issues in these uncertain times. Your RPAC dollars are at work in your best interests. The Boards/Associations of REALTORS have the agents back just as Metro Brokers’ Broker Support does. If you’re not in good standing with a Board, correct that and know that as a Better Homes and Gardens Metro Brokers agent, you’ve got friends in high places that are knowledgeable about the long and the “short” of real estate transactions.

Comment on Alarming News for Short Sale Negotiations by Short Sale Artisan

Short Sale Artisan — Tue, 16 Mar 2010 12:50:35 +0000

Great article, it’s always interesting to hear how specific states are handling the housing mess within their own borders. All these intersecting laws and regulations all colliding in 2010, gonna be a helluva interesting year!

Comment on Alarming News for Short Sale Negotiations by Lloyd Carver, Loan Officer

Lloyd Carver, Loan Officer — Mon, 15 Mar 2010 21:01:06 +0000

As a Metro Brokers Financial Loan Officer who has been involved in his fair share of short-sale transactions, I don’t see how any of these deals would have ever closed without the assistance of a real estate agent who was familiar with the short-sale process. IMO, the average homeowner would never be able to make any headway with the banks (hence the failure of the Treasury Department’s Home Affordable Loan Modification Program).

Comment on Alarming News for Short Sale Negotiations by ann bone

ann bone — Mon, 15 Mar 2010 20:33:36 +0000

Steve,

No, not dangerous at all. My recomendation is to continue to work on the listings just as you have been. Take the listing, contact the seller’s lender(s) to introduce yourself. Coordinate the short sale package between the lender and the seller if it’s not already done, market the property and keep both the seller and lender updated on activity and any offers. Of course, offers go to the seller first and you would assist the seller in negotiating the BEST price and terms on the deal before presenting the accepted deal to the seller’s lender(s).

Comment on Alarming News for Short Sale Negotiations by Steve Adkins

Steve Adkins — Mon, 15 Mar 2010 18:49:53 +0000

So Ann, what would you recommend agents do, as of right now until this amendment is completed, who may already be in the middle of a short sale?

And with the Federal Govt pushing the banks to do a short sale instead of foreclosing, short sales are about to become our primary business. This could be very dangerous for agents to even consider taking a potential short sale.

Comment on Listening: 5 Tips To Help You Produce Better Results by Property Hanoi

Property Hanoi — Thu, 11 Mar 2010 02:55:50 +0000

Thank you for sharing. Those are good points indeed. As much as at times it is easier to do the talking, in some cases it may be more important that we are able to lend an ear to them.

Comment on What You Should Know if You’re Selling Your Home Without a Real Estate Agent by Jonathan Reese

Jonathan Reese — Wed, 10 Mar 2010 13:29:55 +0000

Great post Anne, i think Buyers of real estate consider how long a property has been on the market when determining their offers.

Comment on It’s Official – Homebuyer Tax Credit Extended (and expanded)! by Bruce Michalke

Bruce Michalke — Fri, 05 Mar 2010 05:15:23 +0000

Do you have to be a certain age to use this?

Comment on Are you focused on $2.69 or $8,000? by Danthika

Danthika — Wed, 03 Mar 2010 16:33:22 +0000

Great point Judy.

Comment on Franchises Provide Significant Opportunity by Tome

Tome — Tue, 02 Mar 2010 18:24:30 +0000

Great write-up, I’ve added it for the portion for first time franchisees. I discovered your article on Google, would you point me to any other similar tips that you’ve written?

Comment on Are you focused on $2.69 or $8,000? by Dennis Doll

Dennis Doll — Tue, 02 Mar 2010 13:52:38 +0000

Judy
Always great to know that with the complexities of mortgage lending in todays market, Metro Brokers Financial has the BEST Management and Staff watching the market, studying the rules and informing those of us who do not have the time to do that ourselves. Without someone like you, who we know and trust, selling a home would be much more complex than it is.

Comment on Are you focused on $2.69 or $8,000? by ann bone

ann bone — Wed, 24 Feb 2010 15:01:08 +0000

Judy, you make an excellent point. Boy is this the epitome of not seeing the forest for the trees!

I’ve been on a “eat good food” regimen lately and may be a little out of date on the prices of fast food, but what you’re saying is that this FHA change is going to cost first time buyers (and move-up buyers, too, for that matter) the equivalent of a slice of pizza a month. Not the whole pizza, just one slice. Hmmmmmmmmmm, let’s see…….one slice of pizza or $8,000? Tough decision!

Comment on Are you focused on $2.69 or $8,000? by Lloyd Carver, Loan Officer

Lloyd Carver, Loan Officer — Wed, 24 Feb 2010 02:28:43 +0000

Be sure to remind potential customers that after closing on their home, they can amend their 2009 tax returns and get the $8,000 tax credit now as opposed to having to wait and file in 2011.

Comment on Are you focused on $2.69 or $8,000? by Sandi Rodrick

Sandi Rodrick — Tue, 23 Feb 2010 18:16:09 +0000

As we get closer and closer to the April 30th Tax Credit deadline date, I surprised by all the agents that started out like racehorses and are now like the dogs that sit on the front porch. I don’t hear the buzz or excitement about the tax credit, avaialble now for new and previous homeowners, in the office like I used to and I don’t see it being pushed out front through ads or flyers or other friendly ways to get the information out to the consumer where it does the most good. My eagles seemed to have forgotten how to soar and appear to be nesting. One night of watching the televised news programs is enough to confuse any potential homebuyer right now. One expert says it’s time to buy, one says real estate is dead and there are other experts whose advice falls in the middle. The person wanting to buy a home and listening to all this needs someone in the field everyday; someone who understands what’s happening and going on. Like it or not, the responsibility to inform falls upon the agents of Better Homes and Gardens Real Estate Metro Brokers. By default of all the training they receive and the techonology and broker and financial support they have on hand 24/7, they are the experts out in the field everyday. They have a responsibility to the public and themselves to make certain the correct information gets to those who need it and by doing so will help themselves in the process. The agents need to help the public place their focus on the proper numbers- numbers that will work for them! People come back to do business with people who are knowledgeable and know what to do with that knowledge.

Comment on Are you focused on $2.69 or $8,000? by Arthur Harris

Arthur Harris — Mon, 22 Feb 2010 21:36:32 +0000

Judy,

You are absolutely right. First time home buyers have an enormous opportunity to receive the $ 8,000 tax credit if they are under binding agreement by April 30th and close on their home by June 30th. This is what we should be focused on with our buyers and not the miniscule increase in Mortgage Insurance Premium.