broker price opinion much better choice
broker price opinion much better choice
broker price opinion much better choice
Are you of the belief that writing up a broker price opinion is the way for you to go?
Is that the alternative that you really want to take?
Listen up. If you're a realtor, you need to listen to me. I am a broker so I get it. As an agent, you might as well have gone into hibernation the last few yrs. I've led a team of buyer agents that has been scratching just to make it. Sales have been way down, and getting it closed has been darn near impossible. I've been hoping that the number of agents would continue to drop and that we'd reach an equalibrium where you could make money again. Hasn't happened, though. We could have seen this coming. We all chose not to.
I also looked into broker price opinions as a way to help defray costs and maybe even make a buck or two. But, I learned some hard truths, pretty quick:
1. Doing price opinions for reo's will not result in you getting any listings from that bank.
Secondly, your bottomline after costs and time in is way lower than you think.
Lastly, there's not enough work out there to generate real money.
Guys, I can feel your pain. Your experience doesn't translate easily into other fields. And, you know real estate. Well, I have your answer. A lucky discovery has a led to a money making system that is perfect for realtors and can make you crazy income.The money comes from foreclosures, of all places. And the amounts and the story behind these monies will shock you. Allow me to explain by telling you how we discovered this.
It all begin about 5 years ago. I was involved in deed flipping with a friend. My investor and I bought a deed from an owner just before foreclosure. We were going to later sell the deed to an investor at the foreclosure sale. For the first time ever, no one bought the deed. There was only a first mortgage against the house. Our research told us that the home was going to sell for far more than the debt at the foreclosure sale. The point was to sell the deed to one of the bidders. That bidder would then be able to redeem the deed for just what was being foreclosed upon and own the property. This would save the bidder a lot of money. Because the payoff and what they paid us totalled less than the total bid on the property. No one wanted to buy the deed. We could've simply redeemed the deed and owed the home for the deed owed.. We had too many irons in the fire. We let the deal go and then opened up the file to see what happened in these situations.
What we found blew our minds. The property had sold for way over the debt. The $50,000 overage - aka surplus funds - had been sent to the clerk of the superior court. After some inquiries, we found out that this was the norm. Get this. As the deed holder, my investor and I were the rightful owners of this overage!
We had paid $3,000 for a deed and now could collect $50,000 for our trouble. WHUT!
Of course, this changed everything. We went back to the court house to see if we could get a list of other overages that had been deposited. Finally, after asking the right question we got the list for the county. And it was crazy money.
And we found the loophole that would allow us to make way more than a mere finder makes.
Don't waste another day - check this out:
Broker Price Opinion
"Happiness is when what you think, what you say, and what you do are in harmony."
Mohandas K. Gandhi
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