Foreclosure Tsunami Wave Two is on the horizon....

By
Real Estate Agent with Royal Shell Real Estate Inc BK3025297

Asset Managers are contacting me about increasing asset levels...scores are being reviewed...REO Agents are being asked what we have done to prepare proactively for the coming wave of foreclosures. You see, this isn't a reactive business...you must keep your finger on the pulse and send out the scouts to read the market constantly. We do this as standard operating procedure.

We at Concord Real Estate have undergone our 3rd restructuring in 2 years to tweak the process for efficiency. Our scores have increased. Our Days on Market have reduced which means that we will see a significant increase in inventory levels.

We are in a hiring mode. We need agents, retail agents who are aggressive to work our buyer leads that are generated from these properties. We offer a 95/5 split, a residual plan, formal training to grow your business with ongoing training and coaching and support because our success is dependent on your success- we have a vested interest in increasing your production.

We also work the Notice of Defaults from the first missed payment...there are close to 3000 of them just in Volusia and Flagler Counties from January 1, 2010 to date. If you are struggling because you don't know how to generate business. Perhaps you are in a place where the phone doesn't ring, we have a business model that works and is a win win situation for all.

This current wave is on the horizon and our inventory is picking up steadily. The default industry predicts that the current FHA business that is being written will have between a 20-25% default rate within 5 years due to the state of the economy. So I would say that REO/Short sales are going to be bread and butter for many years to come. We have training programs and support we just need people who are willing to do what it takes to thrive not just survive...is that you?

Don't get washed under when the wave hits...instead, ride it with the Pros.... at Concord Real Estate...soon to be Sellstate Concord Realty.

Wishing you sunshine...

Posted by

Janet Fetterman, Broker Associate, CAM

Sales Manager, Golden Ocala Golf & Equestrian Club

Janet@RoyalShellSales.com

www.GoldenOcala.com

386-299-6393  

 

 

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Palm Coast, FL Real Estate
REO AGENT TIPS,STORIES,ADVICE
REO REALTORS
The Art Of Marketing You
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Rainmaker
259,343
Bill Travis
Captain Bill Realty, LLC - Gilbert, AZ
Broker/Owner

It sounds like you have a good agent program. Too bad you aren't in the PHoenix area.

April 23, 2010 08:18 AM #1
Rainer
5,327
Mary Krummenacher
RE/MAX Properties West - Saint Louis, MO

Ditto for St. Louis Missouri -- we can handle any referrals you need to farm out.

Bravo on your success!

April 23, 2010 08:29 AM #2
Rainmaker
66,065
Janet Fetterman
Royal Shell Real Estate Inc - Ocala, FL
Selling Luxury Lifestyles...

We have a terriffic program, our business model using REO as a springboard is the Sellstate model hybrid that Michael Krien uses, President of NRBA and he sits on the board for Sellstate. The Sellstate model is founded by Art Damian and Neil Cresswell who took the Sutton Group in Canada to number 2. Right now in Florida we have a very cautious agent pool...slow to embrace change.

I will certainly keep you both in mind for referrals...please check out the Sellstate model...you will be amazed at the program.

April 23, 2010 04:25 PM #3
Rainer
51,311
Tom Scott
Remax Advantage Plus - Shakopee, MN
Re/Max MN Realtors and Real Estate Agent

we are going to see the REO business explode in MN. I was talking to an agent in our brokerage and he said they are expecting 600 listing this year!!!

January 29, 2011 12:45 PM #4
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Rainmaker
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Janet Fetterman

Selling Luxury Lifestyles...
Do you know why Estate Homes take so long to sell?
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