real estate: Birmingham MI - Ten Things Sellers Really Want from Their Agent - 12/13/13 04:47 AM
You have worked hard, knocked on doors, networked, and you are finally getting listings!
Hooray! This seems like a piece of cake: put the property on multiple listing, put a sign in
the ground, and go collect your commission check, right? Wrong! Not if you want longevity as a real estate practitioner.
Here are 10 things for you to do to develop loyalty from your customers and word-ofmouth
referrals:
1. Deliver what you said you would at your listing presentation. Your credibility is at stake. Do what you say you will do.
2. Take the time to make honest recommendations to them about “getting … (0 comments)

real estate: HAFA Short Sale Help is here! Oakland County Birmingham Michigan. (Home Affordable Foreclosure Alternatives Program ) - 04/12/10 11:33 PM
Why Fight Foreclosure Alone!
There is big news for homeowners in America. In an effort to slow the rising number of foreclosures, a government-backed program has been released: the Home Affordable Foreclosure Alternatives Program (HAFA). Basically, the program aims to save as many Americans from foreclosure as possible, which also saves the overall value of the surrounding communities.
HAFA offers a $3,000 homeowner incentive for successful short sales or deeds-in-lieu, and also guards the homeowner from harmful lender actions.
To learn more and find out if you are eligible, you can download my free report here:
http://shortsaleoaklandcounty.com/
With one in six … (1 comments)

real estate: Birmingham Short Sale Real Estate Tip #29, Know HAFA (Home Affordable Foreclosure Alternative), MI Oakland County. - 12/08/09 07:09 AM
Short sale rules change quickly and quietly.  What does that mean?  It means that the new directive from the Treasury Department did not make my morning newspaper or was splashed all over CNN.  It was sent by email from FNMA, buried in my junk mail.  Like always Important News never makes the NEWS.
So here is the News, which is GOOD NEWS!!  The Treasury Dept has announced that they have added a new program to HAMP (Home Affordability Modification Program).  HAMP is the program that was created so servicers were able to offer loan modifications for people who were facing foreclosures.  Well, it … (5 comments)

real estate: Buyer Real Estate Agent/Realtor tip #3 "Know The (New) Home Buyer Tax Credit Changes"Birmingham, MI - 11/06/09 01:26 AM
Great news for all of you Buyers  & Sellers!!!  The Home Buyer Tax Credit is out and looks great.
Buyers:
Starts December 1st 2009 to April 30th 2010 $8000 for 1st time home buyers $6500 for current homeowners Current homeowners "Must  have used the home sold or being sold as a principal residence consecutively for 5 of the 8 previous years." Must have contract to purchase by 4/3/2010 Must close by 7/1/2010 Income limits: $125,000 single income $225,000 married Sellers:
More buyers are going to be in the market to buy your home.  Reduced inventories will raise sale prices less foreclosures … (0 comments)

real estate: Positive Roll Call!! List positive things that has happened the week of 5/11/09 to keep our spirits high! - 05/15/09 04:02 AM
Time for The Friday Roll Call!!!! Let's get positive!!
I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
1. had two closings this week and one more next week.
2. We are very busy.
3. Was quoted in the Detroit Free Press.
4. The weather in Detroit is great!!!.
5. Leased two vacant rental homes this week.
6. Feeling good, focused and positive.
*** We all have one thing in common; we each share a 24 hour day.  What we do with those hours makes each of … (46 comments)

real estate: Short Sale Realtor tip #9, Never Quit, Never Fail – Beverly Hills, MI Specialist - 05/06/09 04:28 AM
I enjoy a very high Short Sale closing ratio.  I.E., if I list a home as a Short Sale, I often sell it.  Many other realtors can not boast the same claim. Why am I so successful while others are not?  Not because I am smarter or better connected then them.  I NEVER QUIT!!!! 
I remember watching the summer Olympic swimmers last year.  If you watched the swim heats, you'll notice that the deciding factor of the race was not the first 180 meters but in the last 20.  Many swimmers got tired, over confident, under confident or just gave … (5 comments)

real estate: Short Sale Tip #5, School is never out for a Short Sale Realtor. Birmingham, MI - 04/22/09 10:23 PM
I have taught hundreds of agents how I do short sales.  I have negotiated 40+ short pay offs for my clients and yet, I know a fraction that is out their. 
 I just got back from a CDPE (Certified Distress Property Expert) class.   It was awesome!!  I took away so much information, good ideas and perspective to last me a long time. 
 So, take a class in Short Sales soon.  If you have already taken one, take another.  I have gone to a dozen and I'm still hungry for more!!  Google short sale classes in your city or state.  Call your local … (3 comments)

real estate: Positive Roll Call!! List positive things that has happened the week of 3/26/09 to keep our spirits high! - 04/03/09 03:47 AM
Let's get positive!! We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
Got a Short Sale approved. Had 4 closings in the past 14 days. Had 60 agents at my Short Sale Seminar that I taught. We had over 5 Short Sale referrals this week We have two closings on the books for this month at it is only the 3rd. Spent a lot … (3 comments)

real estate: Short Sale Real Estate Agent Tip of the Day #4, Log Every Call!! Birmingham, MI - 04/03/09 01:42 AM
As you know by now, the bank logs every call, fax and email pertaining to a Short Sale.  Every time you call them they log your name, number, time, date and all of the details of the call.  If we want to compete, we have to do the same. 
When I or someone from my team calls the bank, I make sure we get all of the details of who we spoke to, the day, time, content of the call.  So when we speak to another person later in that week, we can reference the past call.  Sometimes, documents, a BPO … (6 comments)

real estate: Another letter from a client that I did a short sale for!! Ferndale/Royal Oak, MI - 03/31/09 10:00 AM
Friday, March 27, 2009
Dear  Short Sale seller,
During these economic times, "the Mike Realtor Team" from Real Estate One is the team you want on your side.  They persevered in a very dry housing market, found a buyer, and negotiated brilliantly with the bank to sell my Ferndale house in a short sale.  I highly recommend you to use the persistent, thorough, and attentive realtor team in the real estate wars and more importantly to sale your home.
Sincerely,
 David and Kellie  
 
 

Need more information, call me !
 
 Mike Sher,
(248) 548-9100 x127
CDPE (Certified Distress … (5 comments)

real estate: Short Sale Realtor Tip for the day!! #1: Inspections, Novi, MI - 03/31/09 07:12 AM
As some of you have experienced, there is nothing more frustrating then getting a Short Sale approved and then the buyer walks after inspection because of a nit picky reason.  The steam rises from your ears after you wasted 45 days of pushing paper, faxing, begging, updating HUD's and thousands minutes on hold to get the deal of the century approved for an ungrateful buyer.
 Tip #1, add this clause to all of your Short Sale PA's
 ***If Buyer conducts a private property inspection, it needs to be done with in 7 days of seller acceptance (not Short Sale approval). It is understood … (5 comments)

real estate: Positive Roll Call!! List positive things that has happened the week of 3/16/09 to keep our spirits high! - 03/20/09 03:30 AM
Let's get positive!! We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read and post a positive thing or two. I will start!!:
Had 4 closings in the past 7 days. Had two inspections and both buyers thrilled with the homes they were buying. My buyer is buying a home for $255K and it just appraised for $308K I ran a St. Patty's 4 mile race with some collage buddies and had a … (5 comments)

real estate: List a positive thing that has happened the week of 3/02/09 to keep our spirits high! - 03/06/09 04:41 AM
We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
Two of my short Sale Seller's accepted offers this week. I helped my buyer beat out 5 other offers on a great buy in Canton My buyer got a clear to close on a nice home in Sherwood Forest, Detroit. I love what I do and I love to do it!! I am going to … (69 comments)

real estate: List a positive thing that has happened the week of 2/23/09 to keep our spirits high - 02/27/09 05:24 AM
We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:
I was able to get a bank to take a short sale offer. I am the agent on both sides and everyone both buyer and seller are thrilled! My seller will be forgiven for the full deficiency. I went away for 5 days and took my wife and kids skiing. I had my very competent … (81 comments)

real estate: Short Sale Tip “Meet the BPO or Appraiser Sent By The Bank”! - 02/27/09 02:54 AM
As you are aware, the bank requires an independent assessment of value for the asset that you are short selling. These agents and appraisers are getting paid very little for what they do and are overworked. Make is easier for them, meet them at the home. Give them some comps that make sense. Remember, your short sale is in their hands. They are going to spend a few minutes in that house, pull up some comps from the MLS and reporting to the bank the value.
As you know, many agents MLS inputting skills are very sloppy!! Often agents may be … (14 comments)

real estate: Fannie Mae Will Not Allow Servicers to Cut Realtor Commissions if they are 6%!!! - 02/26/09 07:16 AM
Great News for us Short Sale Realtors fighting the good fight.  Fannie finally gets it!! We Realtors are saving them Billions of Dollars by performing pre-Foreclosure Sales, (Short Sales).  In the past, the servicers were bulling us around, threatening to cut are commission if the buyer asked for concessions or if the seller was not willing to contribute to closing cost or just to cut our commission because they could.  See below and then my commentary to follow!!
No Negotiation of Preforeclosure Sales Commission Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers Effective March 1, 2009, closing of preforeclosure sales … (8 comments)

real estate: We have to work together, so let try to be nice. - 02/16/09 09:40 AM
I just got a very curt email from a listing agent.  The email was combative, angry and packed with sarcasm.  The listing agent was working off of misinformation and instead of assuming the best out of me, she assumed the worst. 
This is just one of the many emails, phone calls and text messages from co-op agents that just were not nice.  I know that times are tough; our clients are petty, angry, mad, sad and never glad!!   This economy has brought out the worst in everyone.  We may be their agents but we do not have act like them.  And … (3 comments)

real estate: List a positive thing that has happened this week to keep our spirits high - 02/13/09 01:26 AM
List a few positive things that has happened this week to keep our spirits high. 
 We read, see and hear such negative stories during the week which chips at our morale and is just depressing. That is why I am dedicating a post just to allow all of us the opportunity to read a positive story or two. I will start!!
This week I was able to get a bank to accept a short sale. I listed 2 homes that will be short sales, the seller are willing to take Responsibility and sell it then to run from the problem!! I saved my buyer from a … (5 comments)

real estate: Short Sale Class in Troy MI March 24th 9am-12pm - 02/13/09 01:16 AM
Only nine more seats left for my Short Sale Class March 24th 9am-12pm (Troy). 
Thriving with Short SalesForeclosure agents presently control a high percentage of the homes-sold market share: short sales are a way for traditional REALTORS® to capture that business. Short sales allow you to have saleable-priced listings that will attract more showings, sign calls, Internet leads and help control inventory. Short sales will keep you busy, and a busy REALTOR® is upbeat, focused and confident.
Topics include prospecting for short sales; converting a phone call to an appointment; listing presentations; hardship, documents and how to protect your commission; introduce … (1 comments)

real estate: Royal Oak Is Named "extraordinary suburb" - 02/11/09 12:23 AM
 The secret is out, Royal Oak is a great place to live, visit and enjoy!!  If you know anyone who would like to move here, have them give me a call!!
 Mike
Royal Oak named "extraordinary suburb"The Congress for the New Urbanism recently honored Royal Oak as one of the 10 best communities at controlling urban sprawl, revitalizing and creating workable, eco-friendly Main Streets. The list:
Montgomery County, Maryland (Washington, D.C.) Tempe, Arizona (Phoenix) Suisun City, California (Bay Area) Shaker Heights, Ohio (Cleveland) Royal Oak, Michigan (Detroit) Hammond/Whiting/Gary, Indiana (Chicago) Burlingame/San Mateo, California (Bay Area) Delray Beach, Florida (Palm Beach) Markham, … (0 comments)