We are a "niche" title company that concentrates on working with "for sale by owner" buyers and sellers. It's our "niche" that has taught us patience, and caring in talking to consumers about their problems as they reach out for help from someone.We have become that "someone" buyers and sellers call to help solve problems.
Real Estate has really changed in the past three years. Appraisals coming in habitually low; buyers difficulty in getting loan approval; more sellers succeeding by owner selling to family members, neighbors, and friends of friends - (that's NOT a bad thing); Good Faith Estimates from lenders have importance; real estate agents spending less and less on paper advertising, more and more on free Internet advertising. Messed up titles more common; hard on sellers who have more problems than they knew.
More inquiries are now from buyers and sellers involved in short-sales looking for help!
A whole different real estate world out there!
This is just the way it is. We adjust and go on. Now, this is business as usual, the questions may be different than they were a few years ago but people don't change - They just want to know they matter and we will take time for them..... and we do!
Need help?
We can be reached at http://www.gatewaytitle.com/ / 440 546 9660
Friday, July 30, 2010
Wednesday, July 28, 2010
Who has the "Right " to choose? YOU, the consumer, does!
INDEPENDENT TITLE AGENT SPEAKS OUT: HOW CAN A JOINT BUSINESS VENTURE TITLE AGENCY CONDUCT THEMSELVES AS A DISINTERESTED THIRD PARTY?
Hey you lender and real estate agent - Get out of my world!
Let the consumer exercise their right to choose.
"Rodney Dangerfield of Real Estate Industry"
WARNING: I GET SOMEWHAT PASSIONATE ABOUT THIS!
Remember the "no respect" guy, Rodney Dangerfield?
I've said for years that this is a fitting definition of the title industry.
We are the watch dogs of the American dream. We search, correct and insure the title to your real estate property. Most often, we are the escrow or closing agent who puts it all together following the written instructions on the contract and from the lender. We prepare the papers necessary and meet with you for signing. When all conditions are met, we literally transfer title from seller to buyer and record all mortgage documents. On your behalf, we make the required pay-offs,taxes and any other invoices submitted for items to be paid out of escrow.
The buyer gets the property and the seller gets the money, and we insure the Title! Usually everyone is happy.
We have an awesome responsibility and love what we do except we feel a little sad because very few consumers out there understand and respect how vital our role is in their transaction.
Did you know the consumer has the right to choose the title company they want, to fulfill that role?
Not the Lender. Not the real estate agent. YOU! You have the right to choose your own "disinterested third party" closing agent. Buyers and sellers agree on who will do title and escrow and that's who does it.
Period!
In the consumer's best interest, I wish agents, brokers and lenders would get out of the title business and stick to what they do best!
In many cases, the affiliate co-owned title agency has higher fees than an independent title agent because they are sharing the profit with the real estate broker or lender.
How is that better for the buyers and sellers?
Consumers, a little RESPECT Please, for your own title agent and the protection they provide for your American Dream!
Consumers do have a choice - educate!
Rachel's blog - www.realestateactuality.blogspot.com
Hey you lender and real estate agent - Get out of my world!
Let the consumer exercise their right to choose.
"Rodney Dangerfield of Real Estate Industry"
WARNING: I GET SOMEWHAT PASSIONATE ABOUT THIS!
Remember the "no respect" guy, Rodney Dangerfield?
I've said for years that this is a fitting definition of the title industry.
We are the watch dogs of the American dream. We search, correct and insure the title to your real estate property. Most often, we are the escrow or closing agent who puts it all together following the written instructions on the contract and from the lender. We prepare the papers necessary and meet with you for signing. When all conditions are met, we literally transfer title from seller to buyer and record all mortgage documents. On your behalf, we make the required pay-offs,taxes and any other invoices submitted for items to be paid out of escrow.
The buyer gets the property and the seller gets the money, and we insure the Title! Usually everyone is happy.
We have an awesome responsibility and love what we do except we feel a little sad because very few consumers out there understand and respect how vital our role is in their transaction.
Did you know the consumer has the right to choose the title company they want, to fulfill that role?
Not the Lender. Not the real estate agent. YOU! You have the right to choose your own "disinterested third party" closing agent. Buyers and sellers agree on who will do title and escrow and that's who does it.
Period!
In the consumer's best interest, I wish agents, brokers and lenders would get out of the title business and stick to what they do best!
In many cases, the affiliate co-owned title agency has higher fees than an independent title agent because they are sharing the profit with the real estate broker or lender.
How is that better for the buyers and sellers?
Consumers, a little RESPECT Please, for your own title agent and the protection they provide for your American Dream!
Consumers do have a choice - educate!
Rachel's blog - www.realestateactuality.blogspot.com
Tuesday, July 27, 2010
Real Estate Sales Exhaustion Rx
Keeping a POSITIVE OUTLOOK
There may be times when you feel like throwing in the towel and say "Out at any price!" You're not alone in these feelings but be aware that this is a psychological trap.
One of the most negative things you can do is to advertise you are a "highly motivated" seller.
Many very "savvy" buyers are taught to seek you out because you are exhausted and will accept any kind of low-ball offer, one that is far below the true value of your property.
You can be motivated to sell, but you don't want to appear "highly motivated" and attract what the industry sees as "bottom feeders". It's a fine line but knowing the difference is important.
Those buyers seek out sellers who have sales exhaustion.
Being aware that exhaustion DOES exist helps. Break out of the trap...
Consider other options:
Renting the house
Cleaning and painting (you never got around to doing)
Brainstorm with your agent
Unique promotions
Additional advertising
Discover realistic asking price
When things are the darkest, ask yourself this question:"Am I experiencing real estate sales exhaustion?"
If your answer is "yes" then it's time to start doing positive things and get back in the real market and
become a non-exhausted, Successful Seller!
There may be times when you feel like throwing in the towel and say "Out at any price!" You're not alone in these feelings but be aware that this is a psychological trap.
One of the most negative things you can do is to advertise you are a "highly motivated" seller.
Many very "savvy" buyers are taught to seek you out because you are exhausted and will accept any kind of low-ball offer, one that is far below the true value of your property.
You can be motivated to sell, but you don't want to appear "highly motivated" and attract what the industry sees as "bottom feeders". It's a fine line but knowing the difference is important.
Those buyers seek out sellers who have sales exhaustion.
Being aware that exhaustion DOES exist helps. Break out of the trap...
Consider other options:
Renting the house
Cleaning and painting (you never got around to doing)
Brainstorm with your agent
Unique promotions
Additional advertising
Discover realistic asking price
When things are the darkest, ask yourself this question:"Am I experiencing real estate sales exhaustion?"
If your answer is "yes" then it's time to start doing positive things and get back in the real market and
become a non-exhausted, Successful Seller!
Monday, July 26, 2010
What is Real Estate Sales Exhaustion?
Real estate sales exhaustion is a combination of despair and fatigue.It's effect is cumulative.Usually there is no one incident that causes it. There is a "straw that breaks the camel's back" that causes a seller to want to get out at any price!
It is a problem of desperation on the seller's part. Things seem to go from bad to worse, and it's easy to forget that any house can be sold. After a while, seller's think that they will never make it; and the property will be the one that goes all the way to zero in value
Many situations are often made even more urgent because of the seller's financial pressures.
Everything does not have to continue to be bleak. Don't get caught in this psychological trap!
There are ways to recover from real estate sales exhaustion starting with keeping a positive outlook and trust that the offer will come.. (I know you don't want to hear that - but it truly does help).
What else can a seller do to recover from real estate sales exhaustion?
It is a problem of desperation on the seller's part. Things seem to go from bad to worse, and it's easy to forget that any house can be sold. After a while, seller's think that they will never make it; and the property will be the one that goes all the way to zero in value
Many situations are often made even more urgent because of the seller's financial pressures.
Everything does not have to continue to be bleak. Don't get caught in this psychological trap!
There are ways to recover from real estate sales exhaustion starting with keeping a positive outlook and trust that the offer will come.. (I know you don't want to hear that - but it truly does help).
What else can a seller do to recover from real estate sales exhaustion?
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