the knight group: 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)
|
the knight group: 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)
|
the knight group: 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)
|
the knight group: 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)
|
the knight group: 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)
|
the knight group: 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)
|
the knight group: Leaverage!!!!!! The only way to expand you business. - 11/06/08 03:53 AM
Well I finally followed the advice of my trusted "mentor" and hired some help to assist me with my BPO photos. I picked up about 40 BPO's yesterday and as I'm driving them today, I think to myself "This is not the highest and best use or most dollar productive use of my time!" I love being out in the field, but as the business is growing and growing, I need to be at the office taking care of things that my asset managers need. Knowing that maintaining that BPO business is important to maintaining and picking up new clients, I didn't … (18 comments)
|
the knight group: 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)
|
the knight group: Tales of a Las Vegas REO Agent Part 4!!!!!! - 11/01/08 08:34 PM
Well since the last post, there have been some great things going on. First I wasn't able to make it to either of the big REO conferences (5 Star & REOMAC), and I was really bummed about that. However During the time that 5 star was going on, I picked up two new clients!!!! Guess how I got them both................yeah that's right.......BPO's!!!! One called me and gave me a re-assign on a property that I had did the BPO on over six months ago. I'm the third REO agent on the property. Not only did I get the reassign, but the … (3 comments)
|
the knight group: Frustrated with agents looking to list REO properties but don't want to pay thier dues!!!! - 10/23/08 02:10 AM
I just had the conversation with one of my REO buddies today about people looking to get into the REO listing side, but not being willing to pay dues!! To date, I have done THOUSANDS......I repeat THOUSANDS of BPO's in the last year. No I don't have a BPO team or someone else doing them for me, I've done THOUSANDS MYSELF. That means driving all over town to take photos, pulling the comps, doing the research and commenting thoroughly prior to submitting. EVERY REO CLIENT THAT I'VE GOTTEN HAS BEEN FROM DOING BPO's! I haven't been to any conferences, had any … (50 comments)
|
the knight group: Listing Sides for REO may see reduced comissions in the future!! - 10/23/08 01:42 AM
During a recent mastermind a top REO agent in the country stated that he wouldn't be surprised if one day in the not to distant future we will be selling REO properties for only 1%!!!! That with the possible consolidation and government involvement with many financial institutions that the possible for a system similar to HUD's current system of charging a flat fee to listing agents and offering up to 5% co-ops for buyer's agents may become more prevalent. We discussed that the way to stay ahead of the curve is to have a strong buyer side out there selling both … (10 comments)
|
the knight group: The Days of the Old Grumpy REO Guy is coming to an end!!!! - 10/23/08 01:31 AM
During a recent REO mastermind (yes a group of REO agents in the same market CAN sit down and share information with each other!) one of the top REO agents in town stated that "The days of the old grumpy, bad attitude REO guy is coming to an end." That the REO market is evolving and fresher, younger, client oriented agents are going to prosper. That the monopolies of agents that have hundreds of REO listings are fading away (and he has over 500 currently). He told stories of the old days of brokers sabotaging other agents listings and doing all sorts … (7 comments)
|
the knight group: Woah!! Wells Fargo aka PAS made huge agent cuts yesterday!!!! Was it you??? - 10/18/08 02:28 AM
Wow, yesterday Premier Asset Services (Wells Fargo) cut a large number of agents in the Greater Las Vegas area. Some good friends of mine got clipped. One of my buddies had about 30 properties with them which represented about half his inventory and he got cut! I spoke with my Well Fargo lender yesterday and he stated that back when Wells signed on with default school and opened up their site to new agents that they were overwhelmed with agents taking the training and getting approved. However just because they had paid their money, took the course, passed the test, and … (17 comments)
|
the knight group: 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)
|
the knight group: INDYMAC USING DEFAULT SCHOOL??? - 08/13/08 12:21 PM
I just got an email yesterday about IndyMac using default school for training for thier current and new agents. Did anyone else get this?
Dear Indymac REO Agents and Brokers,
On August 11, Indymac is introducing a mandatory formal education initiative as part of the application process and existing network REO brokers and agents.
This initiative includes a curriculum of multiple training courses.
The first course is REO Best Practices. This course provides an in-depth overview of how to manage an REO property. The second course is Advanced Evaluations. Advanced Evaluations provides substantial video training that will increase … (25 comments)
|
the knight group: 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)
|
;)
;)
