Value Disputes and Bank of America Short SalesIf you have completed more than a handful of short sales, then you have likely have been involved in a value dispute with the short sale lender. During the course of the short sale, the short sale lender sends out another Broker to complete a Broker Price Opinion (BPO) for the short sale listing. The bank then, in most cases, bases their price on the value stipulated in the BPO. However, often times, there is a discrepancy between the value … [Read more...]
What Does a Real Estate Note Buyer Look for in Your Note?
May 18, 2012 By Leave a Comment
What Does a Real Estate Note Buyer Look for in Your Note?Selling a property with a note can be a great way to get market value for your property, after all you are operating as the bank to the homeowner and therefore “lending” your money for their property purchase. Quite often note holders want to sell their notes for an immediate payoff but are not sure of what criteria a potential note buyer will use to judge their note value. It is important to know these items as you have a valuable, … [Read more...]
Fast Online Real Estate House Values
March 17, 2012 By Leave a Comment
Fast Online Real Estate House ValuesEver ran across a deal and wonder what a good offer would be or what the values of a home in a particular area may be so you can complete your rehab estimate? You no longer need to have a Real Estate Agent look up recently solds data, house values or comparables (comps).Read the full post here... … [Read more...]
How to Value: Residential vs Commercial
February 3, 2012 By Leave a Comment
How to Value: Residential vs CommercialA man and his realtor walk down the street and the man says “Realtor, I want to buy that house,” pointing to a beautiful 3 bedroom 2 bath home, “What should I offer?” The realtor responds, “Well, I’ve looked at the comparable sales in the neighborhood and it looks like another 3 bedroom, 2 bathroom home sold for $100,000 just last month. I would offer them $100,000.” The man agrees and buys the home.The next week, the same man comes back up … [Read more...]
How To Value Your Time
January 9, 2012 By Leave a Comment
I once heard a well-known marketer speak about how to value your time and how most people get it wrong. He gave the following example which I really liked: He wanted to go to a rock concert of a famous band. His friends had spent the night in their vehicles so they could be some [...] … [Read more...]
Knowing Where You Stand in Real Estate Negotiation
October 27, 2011 By Leave a Comment
Knowing Where You Stand in Real Estate NegotiationWhile poker isn’t exactly like real estate negotiation, the simple correlation is that you want to be in the best position possible when working deals. If you’ve ever played poker, you’ve got a little experience in negotiation. You don’t know what cards your opponents are playing. Obviously, the player in the “late position” has the most advantage. This is the last person to place a bet in the round. This poker position allows you an … [Read more...]
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