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Check your Online Continuing Education Be sure to check your CE online with the Board of Realty Regulation to make sure the CE courses you have taken are posted. Remember, license renewal is October 31 and your required 12 hours (8M, 4E) must be completed by this time. 1. Go to: https://app.mt.gov/ce/ 2. Under Licensees, Select “View your current CE information” 3. Under Board, select “Realty Regulation”, and enter your license number. This should bring up your BRR education record. If a course you have taken for Montana CE credit is not listed, you’ll need to contact the course provider for information Education
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Short Sale Webinars!

User: Jayne
Date: 7/25/2008 11:53 am
Views: 577
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Webinars on Short Sales

 

Sell and Close 94%

of your

Short Sale Listings

 

Register Now!

 

 

Webinar Preview
Click Below for a short preview then register for the full Webinar.

Webinar preview

 

 

FREE eBook
Hundreds of homeowners in your area need your help!

Learn how you can assist them and create a new income stream.

Attend the webinar to get this FREE eBook.

FREE eBook

Join us for a Webinar on July 28

Get your short sale listings sold using these 7 key points and obtain bank approval. Short sale listings will not get sold if you keep them at market value with the hope of getting an offer. Close 94 percent of your short sales by following these steps.

  1. When the property is listed start by pricing the short sale listing at market value.
  2. Every 2 weeks you need to reduce the price.
  3. After 2 weeks on the market if you are getting showings but no offers reduce the price by 3 percent.
  4. If you are not getting showings then reduce the price by 5 percent.
  5. In the MLS remarks and other marketing let buyer's agents see that you are using a professional mitigation service.
  6. Since the buyer is purchasing the property in "As Is" condition you want to always use a home warranty to provide a level of confidence.
  7. Remember, if you are not getting showings you will not get an offer.

Did You Know?

  1. Lenders are allowed to pay up to 9 percent commission.
  2. Lenders can credit the buyer up to 3 to 6 percent in escrow for their closing cost or repairs.
  3. Lenders will pay for Old Republic Home Warranty when it is written in the purchase contract.

Why Most Short Sale Listings Don't Sell!

  1. Listing agents may have up to 80 hours on the phone to get 1 short sale approved or 80 hours with no approval.
  2. No established relationship with the 200 primary banks nationwide.
  3. Buyer's agents are reluctant to encourage buyers to make offers on short sale listings because they know the mitigation is in the hands of the listing agents.
  4. Most agents do not know the foreclosure process and or the timeline to be able to properly counsel a homeowner.

Short Sale Listings you Don't Want!

  • Avoid homeowners that seem to be very evasive with information or are hard to work with.
  • Liens on the property, in addition to the mortgages, which the homeowner does not disclose.
  • Watch for mortgage fraud. Is someone on the loan who mysteriously can't be found or out of the country with no way to reach them?
  • Does the owner want you to do a short sale, but has not had a hardship causing a loss of income and them getting behind on payments?
  • An owner that has several thousand dollars in the bank and wants a short sale so they can walk away from a property.

Watch. Listen. Learn. Ask.
At the end of the Webinar there will be a participant-driven Q&A session.
Space is limited.
Reserve your Webinar seat now for this date at:
https://www2.gotomeeting.com/register/189869172

For other dates and details please visit
http://www.rogerbutcher.com/seminars.htm

 

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  Page Last Updated: July 25, 2008
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Northwest Montana Association of Realtors®
The voice of real estate in Northwest Montana
110 Cooperative Way
Kalispell, MT 59901
MLS: 752-4197
Association: 752-4313
Fax: 752-7834