Rick Thompson's (rickthompsonteam) Blog

A Common Montgomery County Short Sale Marketing Mistake: Not Using the MLS Properly Montgomery County MD – This MLS Mistake could cause the right buyer to never look at your home in the first place. The Multiple Listing Service (MLS) is the first place an agent representing a buyer is going to lo...

A Common Misconception: Buyers Don’t Like Montgomery County Short Sales Montgomery County MD – A lot of agents think buyers don’t like short sales. This is not true. In fact, many buyers prefer foreclosures and short sales over normal homes on the market. They know that they are more likely to bu...

Montgomery County Short Sales: Does ABC Bank Really Care About Their Customers? Montgomery County MD – Doesn't it annoy you when you hear a large national bank's hold music tell you that they care about their customers? Their hold music sings their praises: "We are (Insert your bank's name) appre...

How To Get Your Loan Mod Approved When Negotiating With A Local, Montgomery County Lender Montgomery County MD - In my opinion, loan mods are very tough to negotiate with large lenders like Bank of America, Wells Fargo, JP Morgan Chase, or SunTrust. The reason is because you are treated like a nu...

A Common Montgomery County Short Sale Negotiation Mistake: Allowing The Buyer To Pressure You Into Accepting The First Offer Montgomery County MD – Many times you will feel pressure to reply right away to an offer. But, that doesn’t mean that you shouldn’t negotiate. Buyers are impatient and if t...

A Common Montgomery County Short Sale Negotiation Mistake: Taking The Property Off The Marketing Before the Short Sale Is Completed Montgomery County MD ? Short sales can take a long time. The banks are difficult to deal with and many agents do not understand short sales and don't know what they ...

A Common Montgomery County Short Sale Negotiation Mistake: Letting Your Ego Get Involved Montgomery County MD – What is your final goal? You want to sell your property quickly for top dollar, right? Keep that goal in mind during the entire negotiation. I have seen people kill a potential sale to ...

A Common Montgomery County Short Sale Negotiation Mistake: Dropping Your Price Before Negotiations Start Montgomery County MD – Many buyers will ask what your bottom line is. They know that they can usually negotiate a home seller down to an even lower price. Don't fall for it. You've already mad...

Montgomery County Loan Mod Question: How Do I Get A Loan Mod On An FHA Loan? Montgomery County MD - The Stop Foreclosure recently received a question from Grant. Here was his question. "I have an FHA loan and want to get a loan modification. My bank is playing hardball and won't modify the loan a...

A Common Montgomery County Short Sale Negotiation Mistake: Talking Too Much Montgomery County MD – This is the worst sin of negotiating. Don't tell the buyer's or their agent your life's story. What do you think would pop into a buyer's head if they heard this out of a seller's mouth? "We must se...