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Has anyone been experiencing situations where the loan has been satisfied on a property but the lender has not removed the lien on the Deed of Trust?

 

Via Nicholas Goglucci, PA. South Florida Real Estate (RE/Max ParkCreek):

There's a lot of things that are important when you're trying to convert internet leads and what to do with them when you make the appointment.

 Agents are losing money and business each year because of a lack of knowledge of internet lead conversion and lead "follow up".

Lead follow up is the most important phase of the sales process and this is exactly what agents fail to understand.

Understand that lead follow up is a numbers game calling these leads daily and asking for an appointment is the most important step in converting leads.

1. Follow Up

The primary purpose of lead follow up is to Get The Appointment!

Appointments leads to contracts and contracts leads to MONEY! Got that so far? 

What to say when you follow up is just as important as picking up the phone or making that email stand out above all the others.

Asking the right questions is key. What questions do you ask? That's the key to following scripts.

The definition of a script is the following: Text instructing somebody what to say: a real or imagined piece of text setting out what somebody is to say or do on an appointment or meeting!

The Anxiety of most agents is that they don't know what to say and how to locate a seller or buyers motivation.

Without knowing the seller or buyer's motivation is like driving a car without knowing the destination and nobody gets anywhere doing that.

Ask them the hard question as to when the want to sell and where they are going, and most important as to how long or when do they want to be there.

Go ahead and ask the question, don't be bashful - Be Bold!

Mr. and Mrs. Seller, " On a scale of 1 to 10, 10 being the highest motivation - How soon do you have to sell your home and what time frame do you have to be there? When do you want to move!

Period - End of Story

If they say as soon as possible - you have them at When!

If they say ten - great then you proceed to the next phase of the sales process. If they give you a low number than it is not a good appointment to go on - no motivation leads to problems in the future - remember I told you so!

2. Marketing Plan

This is what separates the the winner's and losers - those that walk out with the listing agreement signed or you go home with your tail between your legs. ( Everybody has been there - Be Brave! )

First question the seller will ask you is how are you going to sell my home fast and for the money I want to get out of this property.

Great question:

There are two approaches to selling a home - Passive and Aggressive 

A passive approach is what most agents in real estate do, almost 99% of agents take this passive approach to selling homes.

This passive approach is like being in a shark cage with a Great White shark trying to take away the value of your home.

You see if I just put your property into the Multiple Listing Service like those passive agents do and just hope someone else is going  to sell your home for me, the property value on your property would decline each week, each month there is no buyer for your home and no contract.

- That's the Passive Approach

And the sharks are eating your profits!

 

My Marketing Plan is the Aggressive Approach!

1. Internet Exposure

Buyers start their search for properties on the internet and after that they contact a local agent to work with whom they feel confident that the local agent knows the area and knows the best properties on the market.

We market our properties on Realtor.com, which is the most visited website for home buyers in the country, and you can only market your property on Realtor.com through a Realtor who belongs to the local Board of Realtors.

The other aspect in creating internet exposure is creating professional pictures of your property and the best description of the property that would cause excitement and desire for potential customers.

I am the marketing expert in the area, thats what I do, and I do it full time!

Also, there are many local websites and realtor network sites that I place your property and it gives the greatest exposure which will net you the most money for your property.

Supply and Demand creates value - Exposure brings Demand for your property.

2. Marketing to Top Agents In the Area

I contact the top buyer agents in the marketplace to inform them that your property is for sale and on the market, and invite them to bring buyers to your home.

3. Aggressive Phone and Internet Call Capture

Explain to the seller that you call daily to people buying and selling real estate and speak to 4- 50 people everyday about buying and selling real estate.

I go and find buyers for your home - I do not just wait for a buyer to come or another agent to bring a buyer.

4. Price the Property Correctly

This is the most important, yet "touchy" part of the interview with the seller. Follow carefully.

Now this goes without saying - You must do your homework. You are the professional. You have all the tools to price the property correctly. Again, Be Bold!

Mr and Mrs. Seller, I have carefully prepared the market condition study of your property, the area and market sales prices.

As the Real Estate expert in the area, my job is to study properties and the prices that have been sold in the last three months. Banks have been tough on appraisals and if the potential buyer is financing the property, there will be an appraisal completed on your home, and the bank will not over pay for your property. There is a third party involved, and there is no emotional attachment with the property whatsoever from the bank.

The buyers can fall in love with your home, but if they are financing it with a bank, it must appraise at the contract price.

That is why they call me the expert so we can market your property and market price and we will not run into an appraisal issue with the banks.

Mr. and Mrs. Seller, Think about the buyers motivation for a moment. Buyers have the advantage in this market conditions, there are many choices out there. The property that offers the BEST VALUE gets the contract in today's market.

Present the active, pending and closed sales in the area - comparable to the subject property. Seller's are not ignorant - they have awesome tools at there disposal thanks to the internet, so be prepared, do your homework.

When it is all settled, you have explained everything - with a happy face and a concerned and thoughful presentation - You are ready to convert the lead -

Close the deal! -

That's exactly what you want in an agent - expect an agent to do for you - is to find a buyer for your home, Isn't that right?

Here's the pen - Put me to work for you...Sign the Listing Agreement!

"For other methods of converting internet leads, be sure to check out giftofshift.com/activerain you can purchase a limited edition hardcover of Gary Keller's book SHIFT, which comes with a free version of the eBook Soci@l: Attract Friends, Followers and Connections to Your Business, written by Ben Kinney and Jay Papasan (in which Ben shares his 'ten days of pain' lead conversion method) as well as free audio versions of Millionaire Real Estate Agent and Millionaire Real Estate Investor all for $19.99."

 

 

 

Nicholas Goglucci, PA., CRS
Re/Max Hall Of Fame Member - 2009
Certified Short Sale & Foreclosure Resource Specialist
Certified Residential Specialist
Certified Luxury Home Marketing Specialist
e-Pro Certified

Re/Max ParkCreek
121,614 Associates in 6,960 offices in over 65 countries
Direct Line: 954-650-7800
Fax Line: 954-653-1481
www.GoglucciTeam.com


 

Audience,

 

I've gotten back on AR after being so busy keeping up with the new changes( definetely too many to mention), but one stands out as problematic. Any wild guesses? Well, here goes, .....

You would never want to work for your co-worker, right? for various reasons that we'll not get into, so why is it that you will take his/hers advise on the biggest investment in your life...a Real Estate Transaction?

You've employed the services of a broker/Real Estate Agent, whom, I hope, is a full time Agent and has kept up with the changing market...ps, they have too, to just simply stay in business.

But, there is an insistance on simply put, not listening to your Realtor. but listening to everyone else. What gives?

 

Outcome:

You loose 2-3 contracts, get frustrated and blame the Realtor.

 

Solution:

Listen, ask your Realtor, address your concerns, do your research online and definitely do your homework. Youy have to know what you want before your realtor can help you find it and yes, things will change, but keep the communications line open.

 

Resolve:

With all the financial changes going on, there market (DC Metro Area) has progressed and is moving back to a normal market with inventory diminishing. My last 6 contracts have been competing with as much as 13 other offers. Common sense should set in right about now. Do not wait for the bottom in the DC Metro Area, it here.

 

Impeccably Kept Townhouse

10049 Ridgeline Drive, Gaithersburg, MD 20886 View Map

Details

Asking Price:
$279,000
MLS:
MC6686489
Sq. Feet:
1331
Bedrooms:
3
Bathrooms:
2
HOA/Maintenance Fees:
87
Subdivision:
Clubside

Property Amenities

    - Range/Oven
    - Sink Disposal
    - Full Refrigerator
    - Microwave
    - Washer/Dryer
    - Dishwasher
    - Patio
    - Central A/C
    - Central Heat
    - Laundry area - inside

Community Amenities

    - Swimming Pool(s)
    - Basketball court
    - Recreation Center
    - Clubhouse
    - Tennis court(s)
    - Golf course
    - Lake
    - Playground

Contact Info

Roxanne Draheim



Main 301-230-2300
Dir 240-899-7355
Email | Website


 

Great Rockville Maryland Location

11505 Schuylkill Road, Rockville, MD 20852 View Map

Great Location

Lovely home, beautifully maintained in Randolph Hills.

This home located on a corner lot features 3 cozy bedrooms, 2 tastefully updated full baths; a bright open kitchen-dining combo with direct access to the deck and exceptionally large privacy fenced backyard is the ideal setting for those large family/friend gatherings. The entire main floor has nice wooden floors, recently replaced double paned, bay and box windows. The recent addition of a wood burning stove in the living room adds a pleasant touch for those cold winter days. The full basement offers additional space for a recreation area, kid’s playroom or just a quiet place to relax. A driveway and attached garage makes this home neighborhood unique.

Close to White Flint Metro Station, NIH, Naval Medical Center, shopping, restaurants, schools, recreation and neighborhood public transportation.
Not much to do to move in
Not far from much
Much too much to pass this home up.

Perfect for a comfortable and uncomplicated lifestyle.

Details

Asking Price:
$429,000
MLS:
MC6672200
Bedrooms:
3
Bathrooms:
2
# of Floors:
2
Garage Size:
1 car
Subdivision:
Randolph Hills
Year Built:
1958

Property Amenities

    - Sink Disposal
    - Full Refrigerator
    - Washer/Dryer
    - Dishwasher
    - Hardwood floors
    - Basement
    - Deck
    - Grass Lawn
    - Fenced Yard
    - Central A/C
    - Central Heat
    - Living room
    - Dining Room
    - Laundry area - inside

Contact Info

Roxanne Draheim



Main 301-230-2300
Dir 240-899-7355
Email | Website


 

Courtesy of the Metro Homes Collection Real Estate Agents.

We have always told our clients that the basic premise when you are renting is that you are investing in someone else's future wealth and not your own. It's better to invest that money in the DC Metro Area Residential or Commercial Real Estate market that will make money for you. Long term this investment can turn into passive income possibly for your retirement, your portfolio, or allow you to draw money out if an emergency arises. Now is a great time to buy as prices are down and they will definitely come back around as facts and statistics has shown us.

 As the desire to rent instead of buy goes up, the rental amount may increase exponentially as it occurred in the late 90's into 2000. For those of you who are renting and being faced with a rent increase, you should look at what it would cost to own your own home. If you have considered purchasing a home before, now is the time to revisit the question.

With such a large investment, both of money and time, the paramount issue is educating yourself. The most effective way to do this is by using professionals and to supplement by using the Internet.  We are well aware of the changes in the DC Metro Area Real Estate Market and with the increase in the number of foreclosures recently, we have been made intimately aware of making more knowledgeable and wise decisions. Many people became home owners in recent years who may not have been able to own a home before. It is all about educating yourself and seeking the advise of qualified professionals.

Residential and Commercial Real Estate have two things in common; the Loan Officer and Real Estate Agent. Fortunately, these are the most important factors for a successful transaction. The financing side is to find a loan program that is right for you. You and your Loan Officer can discuss what your future goals are and find the loan option that is the best fit for your specific needs. The same is true on the Real Estate side. It is in your best interest to consult with your Buyer's Agent (who will represent your best interest) and your Loan Officer (who will find the right loan for you) as one side does not work very successfully without the other.  

With the interest rates as low as 5.75% (residential) and 6.0% (commercial) and lending of as much as 97%, the market is ideal for buyers of all types of Real Estate. It is amazing how the slow market is once again beginning to show some very definitive signs of rapid recovery. Buyers may be miscalculating right now by not being aggressive in finding a home now that meets their needs while the supply is there with many homes in the market. This is the best time to contact your Buyer's Agent and your Loan Officer.

6 Reasons to Own Your Own Home

Tax breaks. You may be able to deduct the interest paid on your mortgage, property taxes, some of your closing costs from your yearly income taxes and save thousands of dollars that you may invest in another project or just spend.  

Gains. Money you pay for rent is gone forever but mortgage payments let you build equity. Purchasing a home is an investment. Howard University's Joint Center for Housing Study has found that a

10% down payment + 3yr ownership = 94% return on the investment.

10% down payment + 5yr ownership = 225% return on the investment.

10% down payment + 10yr ownership = 623% return on the investment.

How? The return is based on the actual cash invested, not the total purchase price of the property.  

Savings. Building equity in your home is a ready-made savings plan. If you stay long enough and meet the requirements, when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

Predictability. Unlike rent, your mortgage payments don't go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs may rise.

Freedom. The home is yours. You are the decision maker. You have the ability to remodel, decorate, paint, garden and have pets without permission. You are able to benefit from your investment for as long as you own the home.

Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

When should you not buy a home?

  • If your rent is very low. (Usually 2/3 or less of your monthly payment).
  • You recently relocated and you are unfamiliar with the area.

 

 Tip : Keep your focus. Do your homework and choose a Loan Officer and a Real Estate Agent. Make a list of your needs, write them down and discuss them with your Loan Officer. Think long term and discuss it with your Loan Officer. After your finances and loan amount are clear, make a list with the most important needs for the home (garage, open floor plan, etc.) and discuss it with your DC Metro Area Real Estate Agent. Ask questions, lots of questions. They are the professionals. There is a reason for this. Contracts, Housing Laws and Loan Programs change all the time.

The biggest thing, mortgage rates and housing inventory can change daily! What your friend received last week might be totally different the following week. You basically hold your future in your hands. Once deciding what loan program that you will go with, it's up to you to keep your financial obligations in check. Meaning, save money for those small emergencies.

 

Loan Information has been provided by Chad Freeman, Trump Financial

 
 
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Petra Trebohansingh

Rockville, MD

More about me…

Century 21, Trademark Realty

Address: 11426 Rockville Pike, Suite #104, North Bethesda, MD, 20852

Office Phone: (301) 230-2300

Cell Phone: (240) 425-2030

Email Me



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