Saturday, July 3, 2010
Thursday, June 3, 2010
3432 West Ave, Ocean City
Tim Robbins, Sr.
Broker Associate Buyers Broker Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Great Hot Deal in Ocean City, NJ 3 bedroom 2 Bath Single Family Home Located just two blocks from the beach Across from Playground and tennis courts near Shopping
Clean as a Whistle needs nothing Just You Asking $429,000 Watch Video see this Great HOT DEAL AT THE BEACH Click to See VideoTim Robbins, Sr.
Broker Associate Buyers Broker Foreclosure Prevention Specialist
Toll Free Hot Line 1-800-610-3599 Watch My Video Here
Wednesday, June 2, 2010
Why Are Listing Agents Of Short Sale
Why Are Listing Agents Of Short Sale
It is becoming common practice on today’s
short sale and foreclosure markets that
agents and broker are taking on a
adversarial position with buyers who place
low offers on the table. The problem most
agents do not understand is the banks are
not on the side of the seller they are the
adversary.
The banks position is they want the most
money the Sellers position should be to get
out of the home without going to
Foreclosure. The more their agents take the
position of trying to protect the seller and get
more money than the home is really worth
based on the debt the more risk the place on
the seller.
In creating offers on Short Sales and Pre-foreclosure homes the agent on the
buyers side must do a detailed study of the market. To do this correctly they must
use Active Listings, Sold listings in the last 60 days and homes under contract
currently.
In many markets this is the hardest thing to do! Many listing agents are using out
dated information by going back six months on solds because the market in many
cases has already changed two or three times in the period.
When agents are doing BPO'S or "Broker price opinions" they do not even look at
the home and go over any defects the home may have that need to be address
when presenting offers to the bank.
If the package that goes to the bank for consideration, does not include a detailed
report and break down the bank cannot completely understand what the future holds
should the foreclose.
A complete package should include the following!
A complete detailed report on the current market based on the home and like homes Sold, Active, Under Contract and Expired. They also should determine any homes sold with agents.
Complete detail inspection report for any and all repairs needed on the home.A neighborhood study of of all foreclosure and short sales in the area with address and dates along with prices.
A completed cost break down showing all cost and fees including the cost of not taking the offer over the long term and what is will end of costing the bank should they foreclose and have to carry the home.
The offer from the buyer with all documentation supporting the buyers ability to close should the offer be accepted.
A updated title report disclosing any and all liens or judgments on the homes titled.
Seller financial statements to include but not limited
Current Bank Statements
Current Asset statement
Current tax returns
Letter of hardship
Banks current short sale package
Details of funds available to bank after agreement to settled
Any and all documents to support the sale price
The problem is that many agents just jumped into the short sale and
foreclosure segment of the real estate industry simply because they could not make
sales any other way but they did not receive the education or the understanding of
what is takes to make offers look more attractive to the banks. It is no longer like it
was before the Seller really should not care what the home sells for the only thing a
Seller today should be thinking about is WILL I ESCAPE FORECLOSURE!
Sell Your Home Fast even in a Slow Market
This is not marketing your home! Here are the steps that a professional agent who is in the marketing business should do for your home.
The Steps for marketing today
- Survey the home stage it for apperance to make sure it shows well outside first
- Make sure the inside is free of clutter!
- There should be 20 to 30 pictures taken inside and out.
- Shoot a walk around video just like it is being shown
- Develop virtual tours with picture and video
- Create single property website with property address URL address
- Design full color flyers place outside home
- Record audio of property details
- Post on MLS, Craigslist, Backpage, Pennysaver, Trulia, Homes.com, even ebay and others
- Design email flyers and email blast to data base
- Set up signs on home with 24/7 Hotline and text to phone
- Design multiple image ads of home with video for posting online
- Setup ads and Online Open House on Facebook, linkedin, Twitter notices
Tim Robbins Broker Associate
Market Specialist
Better Homes Realty
800-610-3599
For More details and to search for homes in your area visit http://njbuyersonestoprealty.com
Monday, May 31, 2010
5 Tips to Buy Short Sales Homes Today in New Jersey
How to know what to do when you are considering buying a short sale home!
The most important details is to make sure you do your own research don't take anyones word get the facts
- Know your own finances make sure you have an Approval for your mortgage or a letter of proof of funds in writting.
- Make sure that you to the research on what homes have sold recently and also what homes are under agreement all must be recent. Markets change weekly so get up to date information.Please click here to view the video
- Do not go into any purchase agreement based on emotions make your decisions based on facts.
- Once you find Properties always more than one that fit into your list the list is your NEEDS, WANTS and DESIRES this is very important. Make sure you have a few homes that fit into these details.
- Remember NEVER EVER show any emotions for any homes this must not be present when you are considering any home. Think like a business person in business nothing is personal it's all business.
When moving forward always make sure that the person that is working for you is in fact working for you. Always have your side and the sellers side this way you can be assured that everything is equal. Banks and Sellers are not your friend you are the person that is going to help them out of a jamb
For more details go to http://njhothomedeals.com
Tim Robbins
Monday, May 24, 2010
Should I Short Sell MyHome
My Blog List
About Tim
- Mobile Specialist
- Hello I am a 59 year old marketing professional who holds a degree in real estate and marketing. At this stage of my life I use all of my past talents to background to help people grow and realize their potential in business.




