Fred's Blog

Real Estate Agent - Independent Broker Network, LLC
Feel free to ask questions, give as much detail as possible. Each State has different laws, so the answers will apply to Michigan Real Estate. Oh, and for the disclaimer, all blogs are my opinion, and you should consult your attorney for legal questions and your CPA for tax and accounting advice.
A very simple question, but I am afraid the answers is not.  I think the only thing we can do is each act in a professional manner and let our clients defend the group. That means returning calls, not taking overpriced listings, researching prices for our buyers not just the sellers and dressing ...
Bidding wars on bank owned property! This has been happening now for about a month in Southeast Michigan. The tax credit must take some credit, but the investors are returning also. Hope everyone waiting for the bottom is ready to jump in, if we are not there, we can see it from here. Clients typ...
Is it just me or is there a growing trend toward smaller local independent offices?  I noticed some of the top agents in this market going out on their own, or joining forces. I just joined the Independent Broker Network office in Clarkston and after much thought and research decided it would all...
Clients are always looking for foreclosed home lists. My advice to them is to use my web site IDX search, Choose the area(s) you want, make the square footage high and the price low. Then who cares if it is bank owned or private owned, it is potentially a great deal! Never pay for a foreclosed li...
Talk about yesterday's news. They did have severe problems 25 years ago with half days, classroom instruction cuts, and extra curricular programs dropped.  I sometimes hear that the Waterford Schools are coming back. Guess what, they have been back for quite some time. Here are some facts. The ME...
Just received the latest newletter by email from NAR. Thought I would share my brief email to them. "I am VERY disappointed in my representation by the National association. The Michigan association brings information, you bring advertising. From the disgracefully selling our leads back to us, Re...
This came from MAR.  No comments by me are needed. REALTOR® Family Extends Condolencesto Family of Troy VanderSteltCommunity fund established for family The members of the Michigan Association of REALTORS® community are deeply mourning the tragic death of Troy Dennis VanderStelt. VanderStelt, 33,...
Just had an agent fax me a list of demands from the bank selling a house I scheduled a showing for. Wow, the requirement to have my buyer send their financial information to the seller violates my fiduciary responsibilities to the buyer. How can I do what they ask and violate my ethics, and where...
OK, this will probably create some mild feedback, but we work to get listings, work to advertise them and put them on as many sites as we can. Then, we get a call or email that for only $$$$ we can receive the leads generated by the web site. Yes, I know it is not just my listing on each site and...
Wow, are any short sales easy? Some things should make you wary before you even start. Some mortgage holders will not consider a short sale if their loan is insured by PMI. They wait for the redemption period is over, get the PMI payment, then put it on the market themselves. To protect your clie...

Fred Poehlman

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