listing agents: WAH WAH WAH!!!! DON'T CRY ABOUT WRITING MULTIPLE OFFERS!!!! - 10/09/09 11:36 AM
Well here's the truth America! Your favourite realtor hasn't been in the real estate business long! To be truthful it's only been about 2 years and a few months...that little time span is enough to tell you that it's been a struggle and I have learned so much in such little time. I recently took a regular sale, yes that's right I didn't stutter a regular seller who can choose to sell his home if the price is right without have a bank tell him what's right or wrong. Well before I took this listing, I was working and still continue … (5 comments)

listing agents: A FEW THINGS SELLERS COULD LEARN FROM BANKS - 04/04/09 05:36 AM
COMPETING SELLERS CAN LEARN QUITE A FEW THINGS FROM BANKS WHEN LISTING IN TODAYS MARKET:
 
BECOME THE LOWEST PRICED COMPARABLE IN A 1/2 MILE RADIUS  
TO ARRIVE AT PRICE DO A COMPARATIVE MARKET ANALYSIS INCLUDING 3 ACTIVES, 3 PENDINGS AND 3 CLOSED FOR THE LAST 3 MONTHS TO A MAXIMUM OF 6 MONTHS  
DO USE BANK OWNED COMPARABLES, DON'T USE SHORT SALES  
SPENDING A BIT OF MONEY ON COSMETICS LIKE PAINTING AND REPLACING THE CARPET CAN WORK WONDERS FOR THE HOME  
LIST LOW SELL HIGH (IN TODAYS MARKET IT TAKES 42 VIEWINGS TO EVERY OFFER)  
(2 comments)

listing agents: The HEAT around the corner! or (where have all the repo's gone?) - 02/23/09 03:28 PM
I don't mean it's getting hot as in weather here in sunny California, what I mean is the amount of buyers around
the corner when another low priced foreclosure hits the market. It almost felt like I had a sticker on the back of
my car that read: "FOLLOW ME TO A LOW PRICED REPO!"   What point am I trying to make you might ask? Well
contrary to media reports I am going to go ahead and say that in my local market buyers are buying up all the
repos like funnel cake! I mean we've got agents in my … (0 comments)

listing agents: BASIS FOR WRITING A CORRECT OFFER ON A BANK OWNED PROPERTY! - 01/27/09 03:09 PM
THIS SHOULD HAVE BEEN TITLED : BASIS FOR WRITING  A CORRECT OFFER
First you must understand that banks have decided on the price by having individual brokers give broker price opinions on the asset/property  
You must also understand that brokers giving the bank a price opinion will sometimes give a higher value to get a listing, this is not common when the broker has been doing bank owned for a while. It is seen mostly with new brokers trying to get an REO account  
When the opinion is over priced you will see the listing price drop after a … (3 comments)

listing agents: Short Sale explained!!! To the best of my knowledge!!! - 12/08/08 03:29 PM
When a homes value is less that the amount owed on a mortgage, and the home owner is late making
payments on the mortgage, the bank will begin a forclosure process. If the home owner wishes to save
his credit rating and avoid the forclosure, a real estate agent is hired to market the home for sale. Since
the homes market value is less than the amount due on the mortgage, the agent begins a short sale
process. Most often we need to stop the forclosure process so we price the home below market value to
attract attention which in turn leads to offers on … (0 comments)

 
Benny  Chavez (THE CHAVEZGROUP AT COLDWELL BANKER PREVIEWS INTERNATIONAL)

Benny Chavez

Downey, CA

More about me…

THE CHAVEZGROUP AT COLDWELL BANKER PREVIEWS INTERNATIONAL

Address: 8255 Firestone Blvd. , Downey, CA, 90241

Office: (562) 896-7979

Fax: (562) 381-9114

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Southern California Real Estate Blog, LA County, Orange County, San Bernardino County


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