As written in my last post, I started up (actively) my own real estate company in Fredericksburg VA.
Fredericksburg Realty Inc became a player in the Fredericksburg Virginia real estate market. Now that I look back on our track record since inauguration, I feel somewhat surprised.
Prior to making the move, we did not get into the Fredericksburg short sale or foreclosure market. Now that I am doing business as Fredericksburg Realty I am considering whether or not to take the leap.
Let me give you a little history: several years ago I did a BPO for a large lender; sent all of the data asked for and I am still waiting for the money they promised they were going to send. That has left a bad taste in my mouth for BPOs.
Friends of mine who do short sales tell me that the asset managers work them to death and then want them to work at a reduced commission rate. Knowing full well that discussions of commission rates are illegal, I will leave it there.
What think you? Should one take a giant step into the short sale arena by advertising for that business? Should one reply to one of those hideous "spam" emails that come in so regularly offering you the opportunity to get into the BPO arena? What is the best way to get lenders to come to you for listing their foreclosures?