las vegas real estate: 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)
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las vegas real estate: Diversification.........How many REO accounts are you carrying???????? - 11/26/08 12:31 AM
After the huge cuts that Wells Fargo did throughout the country, our mastermind group discussed being better diversified that just having 1 or 2 BIG accounts and take the chance that one of those accounts can be pulled from you overnight for whatever reason.
So now I'd like to know on average how many REO accounts that the average REO agent carries at any one time.
Personally from my current inventory, I'm carrying 6 REO accounts.
So from your current inventory now, how different clients are represented? Just state the number, no need for names.
Bryan Knight, REO specialist in … (11 comments)
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las vegas real estate: Las Vegas Real Estate statistics for November 23rd 2008 - 11/23/08 02:32 PM
The Knight Group Serving My Clients Like I Served My Country Current Las Vegas, NV Inventory Update As of: NOVEMBER 23rd, 2008 SFR Inventory: 17,162 … (1 comments)
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las vegas real estate: Las Vegas Real Estate statistics for November 23rd 2008 - 11/23/08 02:32 PM
The Knight Group Serving My Clients Like I Served My Country Current Las Vegas, NV Inventory Update As of: NOVEMBER 23rd, 2008 SFR Inventory: 17,162 … (0 comments)
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las vegas real estate: Las Vegas Real Estate statistics for November 23rd 2008 - 11/23/08 02:31 PM
The Knight Group Serving My Clients Like I Served My Country Current Las Vegas, NV Inventory Update As of: NOVEMBER 23rd, 2008 SFR Inventory: 17,162 … (0 comments)
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las vegas real estate: Wow......Gary Keller's SHIFT seminar was amazing!!!!! - 11/14/08 01:46 AM
So I went to hear Gary Keller speak about always being able to shift your business and your life to regardless of what the market is doing and you want to talk about a "get real" session!!! He was matter of fact about getting real with yourself in all areas of your life. I loved it. I was talking to an agent in the back of the room before he got started. It was one of those agents that's not giving 100 percent to real estate, and she had a totally negative outlook to state of the real estate market! She … (7 comments)
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las vegas real estate: Las Vegas Real Estate Market Statistics for November 13th 2008 - 11/14/08 01:22 AM
Still shocked at the vacancy rate being above 60%. There are so many opportunities to buy some great pieces of real estate in Las Vegas right now. If you aren't buying, you're missing out on the greatest opportunity to invest in real estate that we'll see in the next 50 plus years!!!
Bryan Knight, REO Specialist in Las Vegas, NV 702-845-8435
Follow me at www.twitter.com/KnightREO
… (1 comments)
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las vegas real estate: Bad buyer's agents strike again!!! - 11/10/08 11:37 PM
I'm in the middle of a couple of deals right now that are not going as desired. Lately I can't pay anyone to actually get a deal closed on time! I had two that were due to close today. One is waiting on the sellers deed to be signed which is understandable, but the on the other I've got a case of disappearing buyer's agent and disappearing lender!!! This always happens when something fishy is going on with the buyer side. About a week before closing, the buyer's agent becomes difficult to get hold of, and the lender stops answering the … (11 comments)
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las vegas real estate: Financial prepardness when selling REO / Bank Owned Properties - 11/10/08 11:22 PM
Ok, so you've been working your butt off blowing out those BPO's for month after month after month, long after some of the other agents that started with you have given up and you finally get hit with your first wave of REOs!!!!! Now you get a 24 hour crash course in servicing REO properties!!! Check occupancy, order a re-key, trash-out, sales clean, initial yard services, get the power, water, and gas turned on in your name, track down the HOA and pay back six months of past due HOA dues and then keep it current throughout the listing period, schedule … (4 comments)
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las vegas real estate: LAS VEGAS REAL ESTATE / REO STATISTICS FOR NOVEMBER 6TH 2008 - 11/06/08 03:25 AM
This is interesting stuff. Look at the 60% number for vacant homes on the market. That's more than 1 out of every 2 houses that are for sale in Las Vegas is vacant! Wow. Also over 60% of the real estate listed in Las Vegas, NV is either a short sale or it's REO.
Bryan Knight, REO specialist in Las Vegas, NV 702-845-8435
Follow me at www.twitter.com/KnightREO
… (0 comments)
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las vegas real estate: Looking for 4-6 REO agents from across the country to Network / Mastermind with!!! - 11/01/08 10:07 PM
I'm looking for 4 to 6 other REO agents in different markets to share ideas, mastermind, and help each other to grow their business buy sharing contact and helping each other "get in" with clients that they are not currently in with.
There will be no competition due to all agents being from different marketplaces. You need to actually be doing REO's and have clients / contacts to contribute to the group. It's a give and take situation, not just a "take", so have something to contribute. If you've been working with a client and don't know how to get another broker … (7 comments)
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las vegas real estate: Tales of a Las Vegas REO agent Part 3!!!! - 08/31/08 05:57 PM
Ok, new update to the Las Vegas REO tale. Since part 2 we've closed the two that were in escrow and have 3 more in escrow. I've picked up another big client that's I've been looking to work with for awhile now (Servicing 3 REO clients now)!! It's been a huge learning curve, but now I've got a handle on whole thing. I've formed a corporation and I've hired a full time assistant to help with the administrative portion of the business. The administrative side is HUGE in REO and any one person that has any kind of significant numbers of … (10 comments)
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las vegas real estate: The Potential of BPO's$$$$$$$ - 02/12/08 11:59 PM
Hello all.....Me and my friend and partner went an "Into to REO" class today. Now neither of us were brand new to this REO business, we went mainly because it was taught by the top REO agent in Las Vegas and we wanted to hear him speak. As a matter of fact, we were the only two agents in the room that had any kind of REO listing or BPO experience. The class was so good information that was more geared toward educating the agents that were putting in offers on his 500+ listing, about how the whole REO world worked … (32 comments)
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las vegas real estate: Las Vegas Market Statistics for December 29th 2007 - 01/01/08 07:26 PM
Here is the latest and greatest numbers and statistics for the Las Vegas resale housing market.
We're still at 50% vacancy rate and at almost 20 months of inventory on the market. Short sale inventory is still growing as well.
Click here to search all Las Vegas properties for sale!!!! Bryan Knight, Las Vegas Real Estate Consultant, 702-845-8435 … (0 comments)
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las vegas real estate: What do you as a consumer want from a great real estate website? - 01/01/08 06:40 PM
Help me help you. Tell me. What do you as a consumer want from a real estate website? What can make this website more beneficial to you? Your input is welcome.
Bryan Knight, Real Estate Consultant in Las Vegas, NV 702-845-8435
Click here to search all Las Vegas properties for sale!!!! … (0 comments)
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las vegas real estate: Business Plans for 2008........... - 01/01/08 02:11 PM
Ok, enough with the "Happy New Years" and "Hope You're Great in 08". Let's get down to business. Here's the question. Do you have your business plan done for the 2008 year? Can you tell me how many leads you need to go on X number of appointments to write X number of contracts (buyer or seller) to close X number of transactions to generate X number of GCI? Then taking that GCI against your budgeted expenses (you do have a budget for expenses right?) and getting your net income for the end of the year?
If you don't have a … (2 comments)
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las vegas real estate: Do you want a deal....or the right house at at the right price???? - 12/22/07 11:20 PM
With the not so sudden downturn in the real estate market, I've found more and more that when I sit down with prospective home buyers that more and more of them start talking about how they want a great deal. I then must ask the question, "Do you want a great deal, or the right home and the right price?". There is a distinct difference between the two. I can show buyers great deals all day long, but the chances that that great deal is going to fit into their criteria (location, sq footage, layout, number of beds and baths, 1 … (1 comments)
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las vegas real estate: Having Standards for your Short Sale Business - 12/22/07 07:13 PM
Myself and one of my two partners are highly focused on the short sale market here in Las Vegas. The other is working REO's full time. We started out by going to a lot of different classes, some free and some for pay, that educated us on the proper way to work short sales. Through a lot of trail and error, we've come to establish some simple yet effective standards for our short sale business.
1. We only take short sales that need to be negotiated with one lien holder. Not to say that the there can't be two loans, but we'll only … (6 comments)
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las vegas real estate: What you must do NOW to achieve your goals - 12/22/07 05:46 PM
Become a Productivity Warrior - and a Market Maker.
Know that there is enough business in any market for you to achieve your goals.
Become the local "Real Estate Economist of Choice."
AND, do the following 12 things:
1. Focus on seller pricing strategies
2. Master Staging
3. Learn and use creative financing
4.Bulletproof the transaction
5. Master lead capture and conversion
6.Be more proactive with internet leads
7. Get lean and mean with your expenses
8. Increase your people effectiveness
9. Get clear about your role
10. Create buyer urgency
11. Become an expert in Short Sales (maybe)
12. Lead Generate, lead generate, lead generate, and....MOFIR (Make offers for immediate responce)
Bryan Knight … (0 comments)
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las vegas real estate: Bulk REO, NPN ( NON PERFORMING NOTES ), AND MTN ( MEDIUM TERM NOTES ) - 12/15/07 10:37 PM
My partner and I have entered the arena of bulk REO ( Real Estate Owned / Foreclosures ), NPN ( Non Performing Notes ), and MTN ( Medium Term Note )purchasing. It's been interested to say the least. My business partner has actually been working to put a deal together for over six months. Everybody and their mother is trying to get into this game, leading to a lot of talk from different sources, stating that they're one away from the source of product or that they're direct to the buyer. Most of these claims usually are found to be false. In the … (12 comments)
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