los angeles real estate agents: Another closed deal success story through ActiveRain......................
- 08/18/10 03:58 AM
Another closed deal success story through ActiveRain......................
Back in March of this year, I was contacted by fellow ActiveRain member Gretchen Hughes.
She had a client that had a condo in Westwood/Century City area that they wanted to short sale.
It wasn't easy.
The condo was tenant-occupied and I needed to help the tenant find a new place to live while I was mitigating the short sale.
There were two lenders on the property.
We actually got into escrow and as soon as received the 2nd approval, the buyer was trying to re-negotitate the deal and ended up cancelling escrow.
I … (8 comments)
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los angeles real estate agents: Two Truths and A Lie: Guess which one is the Lie?! This week's featured member - Jane Peters
- 08/15/10 05:32 AM
Welcome to Ralph's Weekly Feature: Two Truths and a Lie: Guess Which One Is The Lie?
Each week, I'm going to feature one Active Rain Member, with their photo, and what they are going to do is tell you 2 Truths about them and 1 Lie.
The object of the game is to guess which of the 3 bits of trivia about them is a lie!
I will post the answer in that same blog at the end of the week on Fridays so you can all find out!
It's a great way to get to know your fellow Active … (66 comments)
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los angeles real estate agents: Got an accepted offer on an REO property for my buyers.....with a pleasant surprise....
- 08/13/10 03:19 AM
Got an accepted offer on an REO property for my buyers.....with a pleasant surprise....
We wrote a good, strategic offer for my buyers on a bank-owned REO property. We got a counter which was do-able, and signed off.
And then, as customary, we received the bank addendum. We read that with a fine tooth comb, and nothing that is out of the ordinary for a bank addendum. (VERY important to read the bank addendum carefully, multiple times)
However, there was an additional addendum entitled "Notice Regarding Buyer's Right to Select Escrow Agent and/or Title Insurer"
About a year ago, the laws … (2 comments)
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los angeles real estate agents: Putting Zillow To The Test: Day 1 - I signed up as a premiere agent, and our $948.60 adventure begins....
- 08/11/10 03:22 AM
Putting Zillow To The Test: Part 1 - I signed up as a premiere agent, and here's my deal......
For those of you that have decided to subscribe to our group called "Putting Zillow To The Test", this is the first post.
What I have done is agree to be the guinea pig for our consumer advocate group to see if Zillow is really "all that".
I went ahead and registered as a premiere agent, and I'm going to post periodic blogs with my results so that we can all get the REAL 4-1-1 on whether or not it's worth it … (32 comments)
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los angeles real estate agents: Mortgage Rates / Interest Rate Update - 08/09/10
- 08/09/10 10:59 AM
Rates are still unbelievable!
Just a note that after September 1st, FHA loan payments will increase slightly due to the increased MMI.
And the September 1st date is for the FHA Case number, not the date you are under contract.
So if you have buyers or you are a buyer yourself, get that FHA Case number going from your lender soon!
Here are this week's rates:
Los Angeles Homes For Sale Los Angeles Condos For Sale Los Angeles Townhomes For Sale
… (2 comments)
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los angeles real estate agents: BEAUTIFUL Summer weather we're having in Los Angeles...............
- 08/08/10 11:39 AM
BEAUTIFUL Summer weather we're having in Los Angeles...............
The weather we are having here in Los Angeles is almost dream-like.
Temparatures ranging from the high 70's to the low 80's.
And the mornings start off with a wonderful light overcast that burns off quickly to reveal the warm but mild sun.
THIS is what makes Southern California real estate so pricey! Everyone and their grandmother wants to be in a region where this kind of weather is year-round for the most part.
Here I am on one of our beautiful coast lines!
Los Angeles Homes For Sale Los Angeles … (6 comments)
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los angeles real estate agents: NEW LISTING!! Nice 2 Bedroom, 3 Bathroom w/ double attached garage - Reseda, CA
- 08/07/10 06:51 AM
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los angeles real estate agents: Let's put Zillow to the test: Here's my proposal.................
- 08/07/10 03:53 AM
Let's put Zillow to the test: Here's my proposal.................
Ever thought about becoming a Zillow premiere agent?
The premise is that you "pay" for all of or part of a particular zip code, and there is a monthly fee for that.
In exchange, you receive leads for inquiries made on the Zillow site in that zip code, AND you're listings become featured listings, regardless of zip code.
I've been tinkering with the idea, but have held off having been burned in the past by other "pay for play" types of internet sites.
While I was at San Diego Raincamp, the Zillow … (40 comments)
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los angeles real estate agents: Why Spell Check is everyone's best friend................
- 08/06/10 04:21 PM
Why Spell Check is everyone's best friend................
I know, I know.
All of us working agents are going a mile a minute these days. Present party included.
Sometimes I get a little loopy myself because I have so much on my plate.
But no matter what your workload, there are just times when reviewing your work is absolutely critical:
Talk about buyer incentives...............
Los Angeles Homes For Sale Los Angeles Condos For Sale Los Angeles Townhomes For Sale
… (20 comments)
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los angeles real estate agents: Virtual Brokerages: The way of the future, or the way of the electric car?
- 08/02/10 05:46 PM
Virtual Brokerages: The way of the future, or the way of the electric car?
I think the concept of a virtual brokerage is very cool. And I think a few years ago, it may have been thought of as the way of the industry.
But how many virtual brokerages to you know of? I don't know of too many myself.
And just how "virtual" can they be? Yes, the internet IS the platform for just about everything now from home searches to document signing to virtual tours of homes.
But some kind of physical location is always going to be a … (19 comments)
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los angeles real estate agents: Avoiding the "Heebie-Jeebies": How to keep your buyers looking at the bigger picture.......
- 08/01/10 05:33 AM
Avoiding the "Heebie-Jeebies": How to keep your buyers looking at the bigger picture.......
Ideal buyers are those that are seasoned, educated, and understand the purchase process completely. Even better, they have bought and sold homes before.
But as we all know, not all buyers are like that. Confusion, dis-trust, ambiguity, combined with an uncertain market can be a recipe for disaster and can cause many deals to cancel.
My advice is to ALWAYS have your buyers eyes on the prize, and in the realm of the bigger picture.
For example, are they currently renting? If so, sit down and run all … (5 comments)
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los angeles real estate agents: 6 banks on my 3 short sales, 6 approvals DONE!!
- 07/31/10 05:10 PM
6 banks on my 3 short sales, 6 approvals DONE!!
I had 3 very tough short sales that I mitigated, each with two lenders.
Mission accomplished!! I recieved all six approval letters in the last 2 weeks.
3 sellers who can now move on with their lives with alot less stress,
3 buyers who have found nice homes that they can finally afford.
2 more short sales in the works.
BRING IT!!!
… (6 comments)
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los angeles real estate agents: What other blogging sites do you subscribe to? How do they compare to ActiveRain?
- 07/31/10 06:14 AM
What other blogging sites do you subscribe to? How do they compare to ActiveRain?
Just wanted to take a poll and see what other blogging sites that you subscribe to, or frequently visit.
How do they compare to ActiveRain?
Are their any features on those sites that you would like to see on ActiveRain?
Are their any attributes on those sites that BITE majorly that you hope you don't see on ActiveRain?
Are there any costs involved with those sites? Do you receive business from these sites?
Enquiring minds want to know...............
… (13 comments)
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los angeles real estate agents: What do you advise your buyers when you're presented with a "best and final" multiple counter offer?
- 07/30/10 01:34 PM
What do you advise your buyers when you're presented with a "best and final" multiple counter offer?
Once again, I'm interested in seeing what other agents strategy is, both presently and historically, when your buyers are in a multiple counter offer situation and presented with a "best and final" request from the seller.
Have your buyers always come up in price or terms of the offer? Have you chosen to remain with the original offer?
Let's talk..........
… (13 comments)
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los angeles real estate agents: I'm adding a pre-requisite for buyers on my short sale listings - "Ralph's 20 Minute Short Sale University"
- 07/29/10 06:41 PM
I'm adding a pre-requisite for buyers on my short sale listings.
Getting tired of buyers who walk once the written short sale approvals come in because their agents do not prep their buyers properly!
The buyer's agent on a short sale needs to make sure that their clients understand the entire process of a short sale, the course of events, and what some of the possible scenarios may be, and even more importantly, WHY IT ALL HAPPENS THIS WAY.
I'm actually going to write it into the contract that prior to signing off on the purchase contract, the buyer and the … (7 comments)
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los angeles real estate agents: Your chance to win 1,500 ActiveRain Bonus points per month!! Here's how.........
- 07/27/10 03:09 PM
Your chance to win 1,500 ActiveRain Bonus points per month!! Here's how.........
The ActiveRain powers that be have spoken!!
If you do not know by now, I have a weekly game blog titled "2 Truths and A Lie"
It is a game where one ActiveRain Member or Staff per week states 2 Truths and 1 Lie, and it is your job to try and guess which is the lie!
Check out this weeks game here:
2 Truths and A Lie - This week's featured member: Dee Mayers
ActiveRain has granted BONUS points to the member who guesses the most correct … (16 comments)
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los angeles real estate agents: New buzz word around town: "Short ReFi"
- 07/24/10 04:21 AM
New buzz word around town: "Short ReFi"
I had a mortgage broker email me the other day with what appeared to be a standard solicitation.
But before I hit the delete button, I gave the title a snoop and there was a term that caught my eye.
They were stating that they do "Short ReFi's"
At first I though about it and could sort of figure out what that meant.
So I started researching it and also asked one of the mortgage brokers that I work with what that was all about.
So I'm thinking to myself, what's the difference between … (7 comments)
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los angeles real estate agents: Having dinner this evening with my buyer because she's FREAKING OUT!!
- 07/23/10 12:43 PM
Having dinner this evening with my buyer because she's FREAKING OUT!!
I referred her out to another agent because it's in an area that I don't usually cover.
She's a first time buyer and very sensitive and apprehensive, but she really wants to move from her apartment and buy a condo in a nice area.
She is very well qualifed to purchase.
But she is just letting her inhibitions get the best of her, so I'm going to meet with her for dinner tonight at a Thai restaurant (we both like Thai food) and I'm going to go through every single … (16 comments)
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los angeles real estate agents: Short Sales - Just when I thought I've seen Everything: You're never going to believe this......
- 07/22/10 07:54 AM
Short Sales - Just when I thought I've seen Everything: You're never going to believe this......
For those of you who follow my blogs, you'll know I have a high degree of fluency with short sales.
On one of my short sale condo listings, I had a buyer cancel escrow who just simply changed their mind. Part of that was due to the fact that there was another unit in the building that is an REO listing, that during the middle of my escrow, got reduced to about the same price range as my short sale that was in escrow.
Since … (13 comments)
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los angeles real estate agents: Two Truths and A Lie: Guess which one is the Lie?! This week's featured member - Kathy Schowe
- 07/19/10 02:53 PM
Welcome to Ralph's Weekly Feature: Two Truths and a Lie: Guess Which One Is The Lie?
Each week, I'm going to feature one Active Rain Member, with their photo, and what they are going to do is tell you 2 Truths about them and 1 Lie.
The object of the game is to guess which of the 3 bits of trivia about them is a lie!
I will post the answer after a few days so you can all find out!
It's a great way to get to know your fellow Active Rain members and staff.
This week, we will … (23 comments)
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Another closed deal success story through ActiveRain......................
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