We used their appraiser to setup for a refinance for our home. The appraisal came back on the low side but was more than we needed to close. $900 later and the week of closing they had a field review that they paid for so I could not see the report but came in $60,000 less that their original person. They are a scam company promising no closing cost refinance but here I sit $900 out of pocket with a 795 credit score feeling stupid for falling for this scam.... more
I am an Adwerx user. Adwerx is part of an overall marketing strategy for me. I used to do billboards. I look at Adwerx as an electronic billboard. in an effective marketing campaign it is a combination of efforts to achieve the desired result. I currently am looking at increasing my Adwerx spend. I cannot look at one and pinpoint where new clients are generated or past clients are retained. Back in the day I used to do a lot of print advertising. Nobody could click through to see an immediate tangible result but if my business was growing than I could sense I was targeting the correct audience. If it wasn't than I needed to change things up. Most often by not abandoning the particular media but looking for a different audience. It is no different now.
Another analogy is the site this thread is on. Many agents have been very successful purchasing zip code products here and others have not. Agents who have stayed with it consistently over time see the results often as a function of that local market. When it comes to any kind of marketing you cannot judge the success in the short term.
Everything is not for everybody. How we measure if something is working for each of goes to the individual. Based on how I evaluate the value of where my dollars go, Adwerx works for me.... more
It is frustrating to get beat out when paying cash but keep in mind that you may be going up against other cash offers. In a flippers market they are most likely out bidding you and doing very short closing times. In 2011 the bigger bank owned listing agents had more business then they could handle a really good thing going with the banks. They were receiving plenty of offer and making plenty of money to worry about committing fraud. The banks don't allow their agents to accept friendly offer or resale their properties on their own. It's all business and numbers to the banks and the listing agents. Don't expect any reasonable thought, emotions or care to come from a bank owned property.... more
New homes sales are about supply and demand. In a hot market they will normally get their full price. In a slower market they will always negotiate to keep their inventory moving. One thing to always remember is the house you want only comes on a couple certain lots. If you are negotiating for your favorite lot you can get beat out real quick by someone else ready to sign.... more
VA loans is a almost a great service for our vets but the terms of the loans make it more difficult to get accepted. I have had VA loans go really easy and really bad. It also seems that if an agent in an office has bad VA deal happen they tell all their co workers and then they are afraid to accept one on their listings. It's not VA loans are bad or difficult. It's usually just the appraisals.
Fact is if you have an offer we all want cash first, conventional then FHA or VA. So in any multi offer situation usually a VA offer will not beat out a cash or conventional loan. I have had a full price cash and an over asking VA and the VA won. It was more risky but worked out great for my sellers and the buyer. It's all about what a seller wants. My sellers wanted more money and that's what they got. In my area we are having VA appraisal issues and ridiculous loan conditions lately at the seller expense that is not doing our Vets a good service. Deals get cancelled and the sellers refuse to accept another VA loan and the buyers are left without their new home for something out of their control.
Either avoid the market during multiple offer times or accept the fact you may get beat out a few times until you find the right seller. Wayne Gretzky says you miss 100% of the shots you don't take. So please keep trying and I wish the best for all our Vets!... more
Orlando/Tampa/Space Coast questionAre there condos/townhome foreclosures (or otherwise) available to a non-investor that aren't in really high crime areas and won't require 10s of thousands in repairs for around