Yes, this is what this agent told me when I inquired about the status of a listing that was an REO and was only three days old. What is unbelievable is that she then informed me that they were no longer accepting any more offers, and that they had a cut off of which I had missed. This home is in a nice area of San Diego and was listed for $325,000. The agent said that they had an offer in for $425,000 and that is where they decided to end accepting anymore offers.
Call me enlighten but there are homes that expired and do not get any offers in on them. So why so many on REO properties?
San Marcos, California is a essentially a college town, it has Palomar College which is a junior college and has been in the community for many years, and now it has the University of California San Marcos. This is a community that is growing with many new business and builders building in the area. But I have strayed from the point. Where can you go for the night life in this college town?
The best we can offer up is enjoying the movie theater that is located off of Restaurant Row, then there is a restaurant in Lake San Marcos that does offer entertainment --- a live dinner theater. It is very challenging to find clubs that offer, dancing. There is an English pub that is off of San Marcos Blvd, that offer a robust game of darts.
For entertainment San Diego is the place to go, It is only 35 miles away.
Mike Ferry rolled out his new workshop up in Newport Beach, California the week of August 19-22 2008. He charges $295.00 for the four days, and Mike did the first one and the room was packed with agents, and brokers, I attended and was surprised at the change in stance Mike has taken on the subject of buyers, pricing listings and how much longer we could be in a down market.
I have know Mike Ferry for many moons. and he has never really like buyers, it has always been about listings. He did a survey of his top 250 agents through out the country and when he got the numbers back ---he shared with the room the following information:
Breaking down where their busines came from:
Center of influence 20%
Past Clients 17%
Expired Business 19%
For Sale By Owners 16%
800 infor calls 8%
Just Listed Just Sold 9%
Other (Tenants) 9%
Prospecting a good 12 hours a week. They made at least 109 contacts a week. Working at least a 60 hour week. Mike is now recommending working with buyers, taking listing for six months.
Income for the this group average the low $86,000 to 1.6 Million. If Mike does come to your area it is worth your time and effort to go see him.
Marketing focuses on your property alone. Attract the attention and interest of literally 1000's of people in marketplace.
Your property is one of many being advertised. Nothing sets your property apart from others. Heavy reliance on the MLS listing service.
TIME
Property is sold in a known time frame of 30 to 45 days allowing you to move on with plans for your life, retirement, or business.
It is unknown when the property will sell leaving your life, retirement, or business plans on hold indefinitely.
TERMS
You set all of the terms of your own sale.
The buyer determines all the terms of the offer.
FIRM
Unconditional firm offers only.
Almost always dealing with the unknowns and stresses of conditional offers.
PRICE
Not dealing with difficult price issues and guessing the value of your property. No list price means no ceiling on what you might receive.
Always dealing with price issues. Is it to high? Is it to low? Should we reduce? How much to reduce? When to reduce? Was the opinion of value correct? How has the market changed?
MARKET SATISTICS
Valuable, real and tangible market statistics gathered through the process giving the Seller the confidence he/she needs to sell the property for the right price.
No statistical information gathered or offered through the traditional listing process. You assume what you accept is the right price based upon a few biased opinions, not the market.
PRICE
Price
Always retain the right to govern price.
Always retain the right to govern price
CONVENIENCE
Pre-set viewing dates. Your property only has to look good for a few short manageable weeks. Showing inconveniences are minimal.
Showing inconveniences a regular and unknown occurrence continuing indefinitely. You have to keep your property in top condition indefinitely.
MLS
Multiple Listing Services (MLS) offered.
Multiple Listing Services (MLS) offered
MULTIPLE OFFERS
All offers presented Pre-Auction and on Auction day, (multiple offers available)
Few offers received, multiple offers rare, unless the property was under priced to begin is a short sale or bank owned property..
Being qualified to sell real estate auction style, is something I am proud of and having the Accredited Auctioneer Real Estate (AARE) designation from the National Auction Association Institute. This has distinguished me from many other auctioneers, this designation is only held by 336 individuals in all of North America and only 7% of them are women which means that less than one percent of the Auctioneers throughout the country has this specialize training.
With over $58.5 billion sold in real estate at auction in 2007 more and more consumers are turning to Auctioneers to sell their most valued asset, their real estate. Real estate is the fast growing segment of the quarter trillion dollar auction industry and Auctioneers are expanding their education and business operations to provide consumers with effective and efficient sales solution.
I am delighted to share this good news with you as an illustration of my ability, integrity, and capability of meeting your real estate needs.
Call for a free market analysis of your property and see what the difference is between the traditional style marketing and the non traditional style which is auction style. 1-888-882-1198
Being qualified to sell real estate auction style, is something I am proud of and having the Accredited Auctioneer Real Estate (AARE) designation from the National Auction Association Institute has distinguished me from many other auctioneers, this designation is only held by 336 individuals in all of North America and only 7% of them are women which means that less than one percent of the Auctioneers throughout the country has this specialize training.
With over $58.5 billion sold in real estate at auction in 2007 more and more consumers are turning to Auctioneers to sell their most valued asset, their real estate. Real estate is the fast growing segment of the quarter trillion dollar auction industry and Auctioneers are expanding their education and business operations to provide consumers with effective and efficient sales solution.
I am delighted to share this good news with you as an illustration of my ability, integrity, and capability of meeting your real estate needs.
Call for a free market analysis of your property and see what the difference is between the traditional style marketing and the non traditional style which is auction style. 1-888-882-1198
Junes' Statical Data For Homes Sales In San Marcos, California.
June 2008
Detached
Active
Sold
Days on Market
% of Sales Price of listing Price
Total Homes for Sale
Total Sold
92069
Detached
42
6
135
89
92069
Attached
22
0
98
78
125
Homes in 92069 & 92078
9
Homes in 92069 & 92078
92078
Detached
43
1
137
90
92078
Attached
18
2
68
92
Total
92078 92069
Detached
85
7
109
88
Total
92078 92069
Attached
40
2
83
85
Sell your home now, with out all the stress that is involved in a traditional manner. Find out how you can sell your home in weeks not months. Contact: Lorraine @ 1-888-882-1198
This is a very difficult and delicate subject matter to discuss, as a broker it has becomes a discussion that I have had with several other local brokers and I thought I would open the subject up for comment. One of the challenges that a broker faces is knowing that an agent is doing everything possible to make a sale or hold a sale together and due to circumstances that can be out of the agents control the deal does not go through or the buyer that you are working with decides not to purchase.
This is an extremely sensitive matter, but it has become a recent issue. Who doesn't want to believe that the situation is just temporary, and that a deal is just around the corner. So, my question is:
Should a broker offer advances on future commissions?
It can be challenging finding an accountability partner that has the stick-to-ness. So when looking too match your self up with an accountability partner be on the look out for the following:
•1. Has a good to great attitude.
•2. Can be flexible.
•3. Dependable.
•4. Ability to set goals and obtain them.
•5. Is willing to be accountable.
•6. Has determination.
•7. Enthusiastic.
•8. Must love rejection.
•9. Willing to set up a weekly schedule and share it with the accountability partner.
•10. Discipline, Discipline and more discipline.
It is important that this person understand that you are sincere and that if they cannot make the commitment to be in this program, do not waste your time. It is imperative a mutual agreement be drawn up between the partners so that they can have a guideline in which they can refer to IE: the length of the program, what would be the consequences if one of the partners does not live up the guidelines. rThe onlyroad to success in a accountability program is for all members to be accountable.