| |
inspections: I NEED YOUR INPUT ACTIVE RAIN COMMUNITY ON A CLASS WE ARE TEACHING! - 03/19/10 07:01 PM
This is a REACH OUT to the AR community. I NEED YOUR INPUT on a class we are teaching to our local board of Realtors!!!
We have been asked to teach a class at a few Realty board meetings and local brokerage offices within the next two months. We have TONS of topics and info to share, but we really want YOUR input to help be most effective in reaching our real estate community! Sometimes the most valuable input comes from the agents working beside us in the trenches everyday... and no better place to reach out than the ActiveRain community!
Please answer ONE question from the following OR … (20 comments)
|
inspections: The Realtor Blame Game... Who is Responsible in a Real Estate Transaction? - 02/11/10 03:54 PM
Let's play the blame game. It's simple. I will give you the scenario, you tell me who is to blame.
Phil is the selling agent on 123 Street. Suzie is the listing agent on 123 Steet. John is the buyer on 123 Street. John(buyer) calls Phil a year later after buying the house and complains about a water leak. Phil sends a licensed contractor to the house and finds that there is more than just a water leak issue. It is apparant that the roof was patched improperly, in fact, it is clear that the roof should never have passed a roof certification when the house was … (1 comments)
|
inspections: Realtors Losing Deals to Low Appraisals - 01/04/10 08:29 PM
Realtors are losing deals to low appraisals. That is a problem and a fair complaint in considering the argument. Perhaps we need to look more at the root of the problem to determine the solution.
Thanks to Active Rain member Diane Osowieki in her blog for directing me to USA Todays recent article Foreclosures Weigh on Home Appraisals.
The article states that The National Association of Realtors and The National Association of Home Builders agree that low appraisals are drastically "sinking" home sales. They argue that it is not fair to compare foreclosed homes to non-foreclosed homes because foreclosed properties sell for … (8 comments)
|
inspections: NEW Required REO Disclosures in California Requires Agents to Step it Up - 12/31/09 07:24 PM
We knew this was coming, and as it is likely to be just the beginning in response to the continued rise in bank owned properties. We have new disclosures now to be applied to REO properties in California and it will require more from the agents.
Bank owned properties (REO's) are usually a haven for major repair issues, structural damage, and code violations. Disclosures concerning property conditions have been considered loose, at best. Having serviced thousands of bank owned properties in the past 4 years for some of the top asset management companies, I can assure you we are only … (8 comments)
|
inspections: Is "moral" fraud the hidden crime in the real estate industry? - 12/10/09 02:40 PM
“The first and worst of all frauds is to cheat oneself”... Philip James Bailey
Let's just deal with this. Moral fraud might be the hidden crime that nobody knows how to address in the real estate industry.
In real estate circles legal fraud is often associated with predatory lending and the misleading tactics of banks in persuading investors and potential homeowners to purchase bad loans. Fraud is defined as an intentional deception made for personal gain or to damage another individual.
In order for an act to be considered fraud under common law there are certain criteria that must be met.
Basically, a fact is presented … (3 comments)
|
inspections: Heavy rains freeze the real estate business in Los Angeles. - 12/08/09 01:13 PM
If you are trying to close an escrow in Southern California right now, take advantage of your sunny days. An El Nino advisory was issued in California and the wet winter could cause delays in your real estate transactions and slow the real estate market in Southern California even more than currently it is.
Anyone who lives in Southern California will attest to the fact that when liquid falls from the sky something magical happens. People in Los Angeles forget how to drive, show up late to work, or decide to take off for "rain days" in order to fully appreciate … (5 comments)
|
inspections: "What's in it for me?"... language Realtors speak with us "outsiders." My rant. - 11/12/09 12:55 PM
I have so many solid leads for agents that I can not give them out fast enough. Do you want one, please? RESPA has also given me the green light to provide all print materials to you for free, that's right, absolutely at no cost to you. You want postcards sent to your farm area twice a week... no problem, consider it done! I am also guaranteeing that if any one of your buyer leads, qualified or not, do not buy a home with you within the first 3 property views, I will personally buy any home from you within 3 … (9 comments)
|
inspections: Honesty Sells: A new niche in real estate? - 10/26/09 02:18 PM
I recently came across a unique website. The site features blog posts where people actually submit real life horror stories of less than honest sales transactions. The posts do not mention the organization or people by names, but still can be quite enlightening with details. They even have a "Hall of Shame" for the worst stories of sales deceit and lies.
click image for site... AFTER you finish reading this post :)
As I am reading the posts, I thought, "How many buyers or sellers could list their experiences here?"
A more transparent business community using social … (2 comments)
|
inspections: "Just Don't **** Up Escrow!" - 10/21/09 06:48 PM
"Just don't **** up escrow," he said matter-of-factly.
Recently, I have been talking to a lot of REALTORS® about the type of services they really want their "repairman/ handyman" contractor to provide. I talked to a REALTOR® yesterday that pretty much summed up what REALTORS® have been telling me with the comment, "Just don't **** up escrow."Some other responses: "...repairs done quickly, so that it does not hold up escrow." "I don't want the inspector to scare away my clients.""Just get the job done quickly and get out of there.""I appreciate an inspector that understands they work for the Realtor." Our … (2 comments)
|
inspections: "We Just Open Doors!" Really? - 10/15/09 03:29 PM
I was talking to a Realtor friend about a recent job we did on a balcony deck at a property. The house was in escrow and the termite report came back with section1 wood rot. The bank called out a contractor to bid the repair. The realtor suggested us for a second bid. When inspecting the deck we noticed that bondo was applied on the deck to “repair” previous damage. We checked the records and exactly one year ago the house was sold and the repair was made likely to cure a section1 item. Why bondo? It's cheaper than replacing the … (2 comments)
|
inspections: Who is responsible for REO disclosures? - 09/07/09 07:28 PM
I recently had a conversation with an agent regarding their REO listings, specifically, who was responsible for disclosures in regards to the condition of the property. The agent made it very clear to me that they were not a licensed inspector and it was the responsibility of the buyer to get a thorough inspection. After all, “the properties are being sold “as is”, the buyer understands that they are buying an REO and the property will have unknown defects (reiterating) I am not an inspector, that is not my responsibility.”
I personally know this agent as one who would normally have … (4 comments)
|
|
|
|
|
|
Jerry Bronstrup
Los Angeles,
CA
More about me…
Bristol Builders, Inc. Your FHA Expert 866-775-8169
Address: 25020 Avenue Stanford, Unit 110, Santa Clarita, CA, 91355
Office Phone: (661) 294-1812 x 20
Cell Phone: (661) 816-6949
Email Me
 Listings
Links
Archives
|
;)
;)
;)
