Expired Listings...Love them or not??

By
Mortgage and Lending with Peoples Mortgage Company

Does anyone work Expired listings?  Two reasons a listing may go expired...1) Foreclosure nothing we can say about that.  2) Owners decide they can't get the price they need to move on to thier next home.  Whether that is a move up or a move down WE can help those owners.  If they were taught how they can take less cash to thier new home and maintain the payment they "thought" they were going to have in their new home isn't that worth the exercise?  With my method of "Below Market Financing" buyers can be shown how they can have the same house for less payment.  Notice I did not say less money or lower purchase price.  I said less payment or perhaps lower payment.  We are talking about as much as 1/2 a point lower in interest rate.  This difference will allow sellers to maintain the same payment they had in thier mind when they set out to sell thier home in hopes of moving up or down.  At First California Mortgage we show buyers how to deal with less all of the time.  I would be glad to show you as well. You can reach me at 602 740 6678

Comments (4)

Gloria and Jason Belmonte
Prudential Fox&Roach The Belmonte Group - Rising Sun, MD
www.cecilcountyhomesearch.com

I work expired listings, and have not had much success. I am keeping it up, hopefully one day it will pay off. I figure 45 minutes out of my Tuesday every week, may turn into a listing... We will see!

Mar 08, 2011 06:18 AM
Anonymous
Mott Marvin Kornicki

Randal:

I'm not a member of A|R, anymore...Am I still allowed to contribute? Could you check on that for me? I'm not sure who is running the show at Active Rain... I think the operations shifted to Pakistan... and the flo just remains in San Francisco-Bellevue. Hopefully, this quagmire will come to a halt.

 

This is a real conundrum, I'm sure you could relate.

 

I like you on faceßook, but not too much on A|Ɽ

Mar 08, 2011 06:20 AM
#2
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Hey Randall,

In my youth I worked expired listings and Fizbos almost exclusively with much success.  But that's a tough way to earn a livelihood.  You got to be tougher than I am now. 

I like expired listings if the seller's motivation is sufficient to reduce the price to market value, so I can sell it.

Mar 08, 2011 06:29 AM
Ryan Paliukaitis
Real Estate Solution Providers LLC - Rockaway, NJ
Cash Home Buyer

I'm surprised at the amount of homes that go back to the bank. Sometimes there are things beyond our control, however, I'm finding many times they are being foreclosed on simply because the sellers/agents are out of ideas to prevent foreclosure.

Mar 08, 2011 06:30 AM