Tales of a Las Vegas REO Agent Part 5!!!!! - 12/28/08 04:01 PM
Since the last post I finally got it with IndyMac Federal Bank. This was after paying the 900 plus dollars for the default school training for them. They hit me to two properties, so we're off and running with them. Not sure what going to happen to them with the whole FDIC deal however so I wouldn't be surprised if that relationship doesn't last long. One of my clients haven't issued out any new listings in the past 3 months. I called them and they haven't been getting any new properties from their clients, so they don't have anything to issue out … (3 comments)

LAS VEGAS MARKET STATISTICS AS OF DECEMBER 28TH, 2008 - 12/28/08 02:36 PM
Vacancy rate is still climbing. 6 out of every ten houses for sale in Las Vegas are vacant!! We've been hovering around the 7 months of inventory level for the last few months.
Bryan Knight, REO Specialist in Las Vegas, NV  
Follow me at www.twitter.com/KnightREO
… (1 comments)

You have to pay the late / extention penalties not closing an REO deal on time!!!!! - 12/28/08 12:58 PM
So, for the past 2 months, there hasn't been not one deal that I've had close on time (meaning the original closing date on the contract). The problem that I'm seeing is that EVERY SINGLE TIME the buyers don't want to pay the penalties for closing late!!! Just about every bank has it in their addendum/counter offer that if the buyer doesn't close on time, then they have to pay both an extension fee and per diam until they actually close the deal. IT DOESN'T MATTER WHO ON THE BUYER SIDE IS CAUSING THE DELAY. IT CAN BE THE BUYER, BUYER'S … (15 comments)

The Truth about Floor Time - 12/25/08 03:47 PM
So, we all know what floor time is. You sit at the office front desk and answer the phone in hope of catching a buyer call and converting that into a closed sales transaction.
But most of us never think about what actually makes that phone ring and who's best interest it's in!
To get that phone to ring, most company either require that you put 'COMPANY" signs up on your listings with the company phone number or the offer "FREE SIGNS" to you the agent to place on your listings. Remember nothing in this world is FREE! Those signs have … (7 comments)

Exicting news from Keller Williams Realty Las Vegas!!!! While other offices are struggling they are thriving!!! - 12/04/08 04:09 AM
I'm not sure how many of you are aware of where the Keller Williams Reatly Las Vegas officed has grown to in three short years. Dave Jenks(co-owner along with Debbie Zois) shared some amazing numbers when he was here and I wanted to make sure you knew!!
Our Listings Sold are up 165%
Our Contracts Closed are up 111%
Our Agents Commissions... are up 45%  which is an amazing number in this market but even more amazing because our agent count is down 25%!! We have less agents but we're doing much more business!!
Profit Share is up 265% and we have paid out … (2 comments)

Economic Bailout for the BIG 3!!!!!! I beg to differ. - 12/04/08 03:44 AM
I'm sitting here watching Larry King Live and he's interviewing UAW workers and a local chapter president. Here's what's bugging me about the whole big 3 bailout.
The main reason that I came to Keller Williams Realty is that it is the only major brokerage that actually teaches you how to be a great business owner and not just a great salesperson. Keller Williams Realtywas built in the mid to late 80's in very hard economic times and has grow the be the fourth largest (unofficially the 3rd largest) real estate company in the nation. They teach you how to run a successful … (2 comments)

 
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Bryan Knight

Las Vegas, NV

More about me…

Keller Williams Realty Las Vegas

Address: 3100 S. Durango Dr., Suite 106, Las Vegas, NV, 89117

Office Phone: (702) 212-2287

Cell Phone: (702) 845-8435

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Blog on both local (Las Vegas) and national real estate news and trends. Concentrated in REO.


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