Who's looking down their noses NOW?

Real Estate Broker/Owner with Riverbend Realty, Cape Girardeau, MO 2004008944

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I remember touring with some of my office mates in 2008 when an agent made a snide comment about one of my "smelly" listings. I chewed him out then and left the entire van full of agents silent for a few minutes.

FAST FORWARD TO 2010: I no longer defend my listings, because I find there are plenty of agents who are jealous of my business and now even, though sometimes grudgingly, admire me. I paid my dues when REO was the cause of snickering (kind of like the country song about wearing blue jeans before they were hot).

The snide agent, like many others, has closed one deal this year. I smile on my way to the bank to cash commission checks. Yes, I put up with a lot of bureaucracy. Yes, I have sometimes overwhelming expenses in property preservation and paperwork to get reimbursements. Yes, I pay referral fees and receive a smaller commission than the selling agent. Yes, I often have to talk the other agent through the process of closing an REO deal. And, yes, I do sometimes have a "smelly" listing, BUT I AM LISTING AND SELLING while many others are wondering whether or not to renew their licenses.

I think I'll go out now and buy a new pair of jeans! 

©2010 Liz Lockhart liz@lockhartlegacy.com (if you reblog, you must link back and leave copyright tag intact) Protected by Copyscape Originality Check

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If you are looking for a foreclosure in Cape Girardeau, Perry, N. Scott, or Bollinger counties, I am the region's most experienced REO agent. As the area's ONLY Fannie Mae direct listing agent, I list more foreclosure properties than any other agent in this MLS. I am among the few local agents approved to both list and sell HUD properties. Give me a call if you are looking for help with the purchase of a foreclosure property.


http://www.homepath.com/  for Fannie Mae properties

http://www.homesteps.com/  for Freddie Mac properties

http://www.hudhomestore.com/ for HUD properties (foreclosures that were FHA financed)


If you want up-to-the-minute real estate information, the only way to get it is to have an agent set you up on auto-notify with immediate delivery. Your listing information will come directly from MLS only when it comes from an MLS member. You willl not have to wait for the information to roll to those other websites, and you will not have to check multiple sources. It's free, so why not give me a chance to help you in your search?

NO OTHER SOURCE is as complete or as fast as your local REALTOR®’s source. This is not just an advertisement for REALTORS®--it is information about how the system really works.

Click to email Liz   Call on Liz Lockhart for A Higher Degree of Excellence

©2015 Liz Lockhart (if you reblog, link back and leave copyright tag intact) Protected by Copyscape Originality Check


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Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Hi Liz,  Good for you !  A friend of mine does a lot of distressed listings.  When she walks in and the place really smells she says: " Smells like cash to me ! "

May 19, 2010 10:06 AM #1
Lori Gilmore
Baird & Warner Real Estate - Joliet, IL
Realtor - Will County Illinois

Love it!  Many agent are jealous of REO agents not realizing the time and money they have invested to build a thriving business. Enjoy cashing those checks and watch as your former critics end up as greeters at WalMart!

May 19, 2010 10:11 AM #2
Liz Silva

Amen to that! I feel your pain about so many jealous agents out there. I often wish they would expend the same energy they put into complaining & being jealous and instead use it to build their own business. I guess some agents just have too much time on their hands. :-(

Keep plugging away and doing what your doing... Not a lot of agents can handle the REO side of it. Now that alot of the newer REO agents have had a "taste" of what it's like on the other side by getting an REO listing or two, I'm getting alot of agents who instead of being jealous, give us a lot of credit for dealing with REO as it's just so different in terms of handling/maintaining a listing.  I often joke about writing a book one day about the life of an REO agent. NEVER a dull moment & the challenges are pretty much around every corner.

Take Care!



May 30, 2010 08:53 AM #3
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

When one of my properties went back to the PMI company not too long ago, it was reassigned from me to another agent who has been aggressively trying to break into REO. Before lowering the price more, the PMI company decided to have some repairs made that my client had opted not to do. No kidding, the "new" agent called me to complain because he had to front the money for the repairs. He was actually complaining in a passive aggressive way, of course, that I had not paid for the repairs, so "his" listing would be trouble-free! Welcome to REO, dude!

Jun 01, 2010 05:42 AM #4
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Liz Lockhart

GRI, Cape Girardeau Real Estate
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