investor: If We Could Just Get Someone To LOOK At These Listings!!! - 12/10/07 01:26 PM
Even in a tough market, the cream of the crop listings should sell if they are priced right, correct? Not so! I am proud to say that some of my listings are the sharpest of the sharp, located in the most sought after neighborhoods and priced FAR below the not even … (4 comments)
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investor: Ah, But One Day The Tables Will Turn! - 12/04/07 02:44 PM
We love the buyer's market for our buyers, right? But there is, as with everything, and ugly side to our well advertised and media-ized market. By now, most of us seasoned Brokers and Agents know that you never let em' smell blood, right? Poker face...play it straight, we all know its … (1 comments)
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investor: Go With Your Gut! - 11/27/07 04:27 PM
Let's face it...all listings are not good listings and all buyers are not good buyers. I think many people get side tracked into forgetting that our Listing Agreements and Buyer Agencies are two sided contracts between us and a Buyer or Seller.
Never work with someone that makes you make this face!!!
Sometimes … (0 comments)
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investor: You'd THINK People Would Answer Offers Promptly In This Market!!! - 11/27/07 12:47 PM
Ok...Rant, Rant, Rant...THREE of my agents and MYSELF have offers out there. Four of us! We EACH have at least one offer out there. Dianne actually has about three. We deal with a lot of bank repos here in the Colorado Springs market, so we are having to deal with lots … (5 comments)
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investor: Make A Copy Of The MLS Part Of The Contract! - 11/26/07 03:43 PM
Recently, I had an ugly scenario happen with one of my junior agents. She was dealing with an unscrupulous Broker who decided to change compensation offered to the Selling Broker AFTER the parties had negotiated back and forth and reached a verbal agreement.
That other agent has egg on her face, now!
My … (9 comments)
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investor: Don't Forget To Call On Sparky... - 11/26/07 03:36 PM
This post was inspired by another one that I just answered. I was just thinking about how funny it is when you call another office for showing instructions and they say things like. "Knock, wipe your feet, leave a card and don't forget to call on Sparky the Dog as you … (0 comments)
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investor: Busy Is Not Necessarily Productive...But It Will Be! - 11/26/07 03:23 PM
I have been hearing quite a bit from colleagues lately that they are "really busy" and so am I. However, I'd be lying if I didn't say that the busy-ness is not necessarily my normal quota of productivity. I find that I am writing more offers and getting less contracts. That … (1 comments)
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investor: NEW REALITY T.V. SHOW..."LOW BALLER!" - 11/23/07 03:07 PM
Haven't Seen This Lady At Any Open Houses Lately!!!
They call it "reality tv" when you see these big investors going around and buying property at 50% and selling it at the open house, for full price or more, just a few short weeks after purchase. That's NOT reality. But this is...
I … (12 comments)
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investor: The "Back Charge" Philosophy - 11/14/07 04:22 PM
I guess this is my day to vent. Except for one, most of my posts today seem to be about annoying things, so while I'm on the subject, I figured I'd throw this one in for free!
Time to pay the Dr.!!!
We all know that if we miss our doctor … (9 comments)
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investor: Lender Peeves...What Are YOURS? - 11/08/07 01:07 PM
Yesterday I wrote a blog post about my favorite lender. I didn't mention his name because I work with several different referral lenders who offer products and services that may suit the needs of a particular client better than another. In addition to that, let's just say it's wisdom not to … (3 comments)
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investor: What Makes YOUR Favorite Lender Your Favorite Lender? - 11/07/07 02:54 PM
After almost 13 years in the Colorado Springs real estate market, I can safely say that a lender can be the life blood of a successful real estate transaction. Good lender, good transaction. Bad lender...you know. Anyway, I've been thinking, as I urged my favorite local lender to join Active Rain...what … (3 comments)
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investor: How To ACTUALLY BECOME A First Time Investor - 11/07/07 02:19 PM
I know you've all seen the late night commercials that promise millions of dollars working part time in the distressed/foreclosure market. You can get all the "insider secrets" for just a couple hundred to a couple thousand of your own hard earned money. There are even "mentors" and "partners" available to … (2 comments)
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investor: So What Programs ARE Availabe For Your Clients? - 11/05/07 12:10 PM
Last year it was a breeze to get financing for ALL of your qualified clients...AND it was easy to tell who was qualified with a few quick questions. This year...the line is WAY fuzzy and it seems we don't know what there is to offer our clients.
For example: Last year, if … (1 comments)
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investor: Blind in the Deal Because of an Unsure Lender? - 11/01/07 05:07 PM
Many of us have been discussing the recent turn in the market and what that has done to the sub-prime borrower, but mostly, we've been discussing that within the context of what happens to a person with marginal or poor credit that is trying to purchase a home with little or … (0 comments)
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investor: Caught With Your Flip Down? - 10/30/07 04:35 PM
Upside-down on your flip right now? This is what I'm telling my clients to do...
It's a crazy, unpredictable cycle we're in. I saw it coming, so I slowed my flippers into "buy and hold" mode several months back, but some of them are caught in this nasty downturn "mid-flip", so what CAN … (0 comments)
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investor: Always A Bridesmaid, (Shopper)...Never A Bride, (Investor) - 10/30/07 02:36 PM
I don't know what to say about this market. I've seen several swings and fluctuations in the past, but this is outdoing them all!
Buyers just can't decide!
It's not uncommon to show our buyers in excess of 20 listings before they make a choice. Some of them are NOT going to … (1 comments)
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investor: CHEAP HOUSES AVAILABLE IN ALL AREAS...THE PHONE RINGER - 10/24/07 02:26 PM
This is the text of one of my most successful print ads. I started running it in a local paper in about 1999. I got a phenomenal response that drew many investors to work with me and helped me to find my niche. The ad did it's job. IT MADE THE … (11 comments)
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investor: E-Contracts...A Low Ball Investor's Dream Come True - 10/24/07 12:27 PM
In the very recent "old days", if you were a "low ball" investor, you had to find a real estate professional who was desperate enough to do all of these things:
1.) Spend their valuable time doing market research for likely low ball candidates
2.) Spend more time writing offers that would 99 out of … (2 comments)
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investor: Attention All Beginning Investors... - 10/08/07 06:20 PM
Colorado Springs is a relatively small city, so we tend to get media-ized quickly in these parts. I am receiving numerous phone calls and e-mails from people in my church, social clubs, and client base who want to break into the investment market here.
The problem is that they have, (unfortunately), … (1 comments)
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investor: Lease Options...The Wave Of The Immediate Future - 10/08/07 12:01 PM
So what happens with all of those "sub prime" buyers? They can't buy now if they have glitches and dings on their credit. They want to rent because they are not so far away from being able to buy that they may as well give up...and hey, there are all of those … (5 comments)
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