The chief complaint that I hear about Real Estate agents is they have not spoken to their client since the listing appointment. There have been times where I have been guilty of this as well. It happens, we concentrate on our most saleable listings, and go through the motions on the others if we do anything.
My suggestion with this complaint and others, is to establish a checklist of things the seller wants an agent to do during the term while at the listing appointment. Physically write it out and have the seller and agent sign it. Both parties are now on the same page.
Furthermore, for the agent, set up a schedule with checklists of all your clients. My suggestion is that if you should call your client each Monday and Friday giving the a recap of the week or weekend. At minimum call once a week and follow up with at least one personal email per week. Another way to keep some form of communication is to put all your clients on a weekly newsletter list. Just in case you forget to call or personally email one week you have communicated in some fashion.
Have a great day!
CD
Thursday, February 11, 2010
Tuesday, February 9, 2010
Is a Reverse mortgage right for me?
What is a reverse mortgage? Classically defined as a loan under which the homeowner receives monthly payments based on his or her accumulated equity rather than in a lump sum. This loan must be repaid upon the death of the owner or upon the sale of the property or at a prearranged date. Although the original mortgage need not be paid off, significant equity must be present.
In simple terms you are leveraging your equity to get money to help you pay your bills. In my opinion, I would discourage this action unless you are astute in investments or have no other option of paying for basic necessities. A personal home usually is the largest equity source for people. So, be responsible when you use this type of loan. You or your spouse must occupy the property or face the call on the loan, so if you are moved to a nursing home, you may be forced to sell the property to settle the debt.
This article is not meant to scare you from a reverse mortgage. It just presents itself as a buyer beware product. This type of loan can be a life saver for some people and a nightmare for others if not properly managed. Make sure you dot all the I's and cross the T's when you use this.
Have a great day!
CD
In simple terms you are leveraging your equity to get money to help you pay your bills. In my opinion, I would discourage this action unless you are astute in investments or have no other option of paying for basic necessities. A personal home usually is the largest equity source for people. So, be responsible when you use this type of loan. You or your spouse must occupy the property or face the call on the loan, so if you are moved to a nursing home, you may be forced to sell the property to settle the debt.
This article is not meant to scare you from a reverse mortgage. It just presents itself as a buyer beware product. This type of loan can be a life saver for some people and a nightmare for others if not properly managed. Make sure you dot all the I's and cross the T's when you use this.
Have a great day!
CD
Subscribe to:
Posts (Atom)