The world has changed.
You have changed.
I have changed.
Buyers and Sellers have changed.
Real Estate Market jut Ain't What It Used To Be
A Few years Ago.
How, you say?
The favorite saying was:" Location, Location, Location"
No more!
It has changed to "Location, Condition, Price"
Buyers are a lot more demanding and picky sooooo
If you are selling and what that top $ for your location,
That probably won't happen if you haven't price your
property to the current market in according to
the condition of the condition it is in!
Looking forward to the Spring Market
Showing posts with label for sale by owner ohio. Show all posts
Showing posts with label for sale by owner ohio. Show all posts
Monday, January 27, 2014
Wednesday, May 29, 2013
How's the Title Business?
How's the title Business?
Lately I'm hearing this a lot.
Honestly, I can tell you business is a lot busier than it has been for the past few years!
It's been tough. Hanging in there has been the challenge of my lifetime.
This is my family business - not so easy to give up when the whole
family is involved. It's a time we found what we are really made of.
Everyone sacrificed and worked hard to keep it going.
I've prayed. I've cried. I've gone through exhaustion.
At times I almost forgot how to laugh.
Gateway Title will celebrate 20 years of doing business next month.
There were times I wondered if that would happen.
I know I'm not alone. I know many good people left the business.
There is another side to what I've experienced.
I've learned God does hear prayers I still cry when I hear "God Bless America"
I sleep better at night and my family is stronger then I thought.
Yes the title business is busier lately and we are still here working and doing what we love -
helping buyers and sellers
through the mysterious title and escrow process.
I also know we couldn't do it without you, our wonderful customers
Thank you
Lately I'm hearing this a lot.
Honestly, I can tell you business is a lot busier than it has been for the past few years!
It's been tough. Hanging in there has been the challenge of my lifetime.
This is my family business - not so easy to give up when the whole
family is involved. It's a time we found what we are really made of.
Everyone sacrificed and worked hard to keep it going.
I've prayed. I've cried. I've gone through exhaustion.
At times I almost forgot how to laugh.
Gateway Title will celebrate 20 years of doing business next month.
There were times I wondered if that would happen.
I know I'm not alone. I know many good people left the business.
There is another side to what I've experienced.
I've learned God does hear prayers I still cry when I hear "God Bless America"
I sleep better at night and my family is stronger then I thought.
Yes the title business is busier lately and we are still here working and doing what we love -
helping buyers and sellers
through the mysterious title and escrow process.
I also know we couldn't do it without you, our wonderful customers
Thank you
Saturday, May 4, 2013
Monday, March 18, 2013
To all sellers
I have been researching marketing real estate and I have discovered that putting the sale price on the sign creates activity on the property creating a better position in finding a buyer.
Do you have thoughts on this? I would appreciate it if you would please reply back to me with your opinion.
Thanks for taking the time to help.
Keeping Life Simple,
Rachel Torchia
President
Gateway Title Agency Inc.
8748 Brecksville Road Suite 100
Brecksville, Ohio 44141
Phone: (440) 546-9660
rachel@gatewaytitle.com
Reak Estate Actuality editor
I have been researching marketing real estate and I have discovered that putting the sale price on the sign creates activity on the property creating a better position in finding a buyer.
Do you have thoughts on this? I would appreciate it if you would please reply back to me with your opinion.
Thanks for taking the time to help.
Keeping Life Simple,
Rachel Torchia
President
Gateway Title Agency Inc.
8748 Brecksville Road Suite 100
Brecksville, Ohio 44141
Phone: (440) 546-9660
rachel@gatewaytitle.com
Reak Estate Actuality editor
Wednesday, March 6, 2013
OBITUARY FROM LONDON TIMES
An Obituary printed in the London Times -
Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape.
He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair; and
- Maybe it was my fault..
Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge). His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
Common Sense was preceded in death, by his parents, Truth and Trust, by his wife, Discretion, by his daughter, Responsibility, and by his son, Reason.
He is survived by his 4 stepbrothers:
I Know My Rights
I Want It Now
Someone Else Is To Blame - I'm A Victim
Not many attended his funeral because so few realized he was gone.
If you still remember him, pass this on. If not, join the majority and do nothing.
Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape.
He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair; and
- Maybe it was my fault..
Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge). His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
Common Sense was preceded in death, by his parents, Truth and Trust, by his wife, Discretion, by his daughter, Responsibility, and by his son, Reason.
He is survived by his 4 stepbrothers:
I Know My Rights
I Want It Now
Someone Else Is To Blame - I'm A Victim
Not many attended his funeral because so few realized he was gone.
If you still remember him, pass this on. If not, join the majority and do nothing.
Monday, March 4, 2013
AND THE WINNER IS? BOTH- BUYER &SELLER!
Follow up ...
Well the buyer and seller finally came to terms and are ready to move on. How did it turn out?
Seller accepts the pro ration of taxes but refused to pay for title insurance. Buyer accepts paying for his title insurance (he wouldn't take title without it).
They made a few other adjustments and are ready to move on.
The moral of this story is.....
If you really want to sell and they really want to buy, KEEP TALKING AND WORK IT OUT!
Well the buyer and seller finally came to terms and are ready to move on. How did it turn out?
Seller accepts the pro ration of taxes but refused to pay for title insurance. Buyer accepts paying for his title insurance (he wouldn't take title without it).
They made a few other adjustments and are ready to move on.
The moral of this story is.....
If you really want to sell and they really want to buy, KEEP TALKING AND WORK IT OUT!
Tuesday, February 26, 2013
Cleveland Area Real Estate and Gateway Title
Most often asked question since 2008 is....
"How are you guys doing?"
It is still the number one question I hear.
Aside from the fact that this has been a down real estate market
that is starting to show signs of life, ( a good thing)
we certainly are constantly challenged by outside forces such as:
• Banks that own their own title company and think they are entitled to make more money off the consumer with title and closing fees.
• Real estate agents that own their own title company and think they are entitled to make more money off the consumer with title and closing fees.
• National title insurance underwriters who form a title alliances with banks and lenders thereby cutting out their own independent agents so they, (our own underwriters) make more money.
• Consumers who are afraid to speak up for themselves and let others take advantage of them!
Other than that, we have no problems.
We are doing better than most other title agencies.
The last figure I heard was over 50% have closed their doors since 2008
That saddens me.
On the brighter side…
We have many loyal clients who Trust their Title to Gateway and refer others to us.
For them, I am grateful.
Please, give us a call for you and your family’s title and escrow needs.
We’ll be here for you.
Thanks for Asking,
Take Care,
Rachel
"How are you guys doing?"
It is still the number one question I hear.
Aside from the fact that this has been a down real estate market
that is starting to show signs of life, ( a good thing)
we certainly are constantly challenged by outside forces such as:
• Banks that own their own title company and think they are entitled to make more money off the consumer with title and closing fees.
• Real estate agents that own their own title company and think they are entitled to make more money off the consumer with title and closing fees.
• National title insurance underwriters who form a title alliances with banks and lenders thereby cutting out their own independent agents so they, (our own underwriters) make more money.
• Consumers who are afraid to speak up for themselves and let others take advantage of them!
Other than that, we have no problems.
We are doing better than most other title agencies.
The last figure I heard was over 50% have closed their doors since 2008
That saddens me.
On the brighter side…
We have many loyal clients who Trust their Title to Gateway and refer others to us.
For them, I am grateful.
Please, give us a call for you and your family’s title and escrow needs.
We’ll be here for you.
Thanks for Asking,
Take Care,
Rachel
Thursday, February 21, 2013
WHAT MAKES PROPERTIES HOT?
I have watched this strange phenomena for years.:
A home is on the market for months and nothing happens.
Expanded advertising is done and nothing happens.
Open houses are held and nothing happens.
The price is reduced and nothing happens.
Fliers are distributed and nothing happens.
Nothing is done -( status quo) - and nothing happens.
and THEN.........
A potential buyer shows interest ... and then another shows interest...
and maybe even more show interest and something happens!
OFTEN, even a BIDDING WAR happens and the property is ...
SOLD!
What happened?
Why?
I don't know and I can't explain it.
I just know that it is something strange that hppens.
A house gets HOT and everyone seems to want it.
It seems like every house does has it's time. I've watched this over and over.
It does happen - if you're selling, get ready,
This could happen to your property!
HOT! HOT! HOT!
A home is on the market for months and nothing happens.
Expanded advertising is done and nothing happens.
Open houses are held and nothing happens.
The price is reduced and nothing happens.
Fliers are distributed and nothing happens.
Nothing is done -( status quo) - and nothing happens.
and THEN.........
A potential buyer shows interest ... and then another shows interest...
and maybe even more show interest and something happens!
OFTEN, even a BIDDING WAR happens and the property is ...
SOLD!
What happened?
Why?
I don't know and I can't explain it.
I just know that it is something strange that hppens.
A house gets HOT and everyone seems to want it.
It seems like every house does has it's time. I've watched this over and over.
It does happen - if you're selling, get ready,
This could happen to your property!
HOT! HOT! HOT!
Thursday, February 14, 2013
IT happenes All the Time - I Love IT!
I had an appointment at the Cleveland Eye Clinic for a check-up yesterday.
The assistant had my chart and was confirming /updating my personal information.
She paused... and then said "Oh, you work at Gateway Title they did our closing when we bought our home! I still have my Gateway mug, the picture you took and the pretty pens we used to sign our papers"!
I know I had a big smile on my face and I told her Gateway Title was my company and
she really made my day.
She Thanked me for making them feel so welcomed, and how we made it so easy for them to relax and
go through the paper work.
She said we were the "Best part of buying the home".
She was the "Best Part" of my day!
Thank You Shana.
The assistant had my chart and was confirming /updating my personal information.
She paused... and then said "Oh, you work at Gateway Title they did our closing when we bought our home! I still have my Gateway mug, the picture you took and the pretty pens we used to sign our papers"!
I know I had a big smile on my face and I told her Gateway Title was my company and
she really made my day.
She Thanked me for making them feel so welcomed, and how we made it so easy for them to relax and
go through the paper work.
She said we were the "Best part of buying the home".
She was the "Best Part" of my day!
Thank You Shana.
Tuesday, February 12, 2013
I Deserved A Break . Watch Out ..I'm Back!
Hi There,
It's Hard to back to my reality today.
Four days in Las Vegas is NOT reality.
We had a really fun time but it is not the kind of life style I'd want on a permanent basis.
I was delighted at the real estate activity that took place while I was gone...
A lot can happen in 4 days.
Seller number three dropped off a signed purchase agreement and an earnest money check Monday.
So it's three down and definitely lots more to do - based on the phone calls I had from
prospective buyers and sellers today!
YAHOO - let's get this real estate market MOVING!
We all know this economy needs to grow stronger for the good of us all!
It's Hard to back to my reality today.
Four days in Las Vegas is NOT reality.
We had a really fun time but it is not the kind of life style I'd want on a permanent basis.
I was delighted at the real estate activity that took place while I was gone...
A lot can happen in 4 days.
Seller number three dropped off a signed purchase agreement and an earnest money check Monday.
So it's three down and definitely lots more to do - based on the phone calls I had from
prospective buyers and sellers today!
YAHOO - let's get this real estate market MOVING!
We all know this economy needs to grow stronger for the good of us all!
Tuesday, February 5, 2013
DO IT- DO IT- NOW!
Real Estate Sellers and Buyers Have Been Waiting For Several Years Now.
It's about time that the market is improving!
A healthy real estate market is the perfect medicine for our country's ailing economy.
From soup to nuts, everything is affected by the building and housing market.
I don't need to study statistics to see what is happening,
Everything has its time and the time to heal our sick economy is NOW!
PS. If I were looking to buy real estate,
I'd do it now, before rates and prices rise -( and they will you know)
It's about time that the market is improving!
A healthy real estate market is the perfect medicine for our country's ailing economy.
From soup to nuts, everything is affected by the building and housing market.
I don't need to study statistics to see what is happening,
Everything has its time and the time to heal our sick economy is NOW!
PS. If I were looking to buy real estate,
I'd do it now, before rates and prices rise -( and they will you know)
Monday, February 4, 2013
How It Really happens...Follow FSBO Chris
Last Friday, Chris called me. He found our www.gatewaytitle.com when he googled for help.in selling his house.
I listened as he explained his situation and offered him the paper work our attorney has prepared for those who are going FSBO (For Sale By Owner).
He printed them from our website - everything he needed - Perfect!
He asked about fees and how we figure them.I explained many final costs are based
on selling price.
He didn't have that as he was making plans to meet with the potential buyer.
I suggested he SMART START his title work and save $125... nice
He did that so I am all ready checking out the title so he can sell.
This scenario is not new to me - been doing it since 1995 -I love what we do.
Good Luck Chris with the potential buyer.
I'm here to help walk you through the closing.
P.S. I keep you posted as to how Chris does.
I listened as he explained his situation and offered him the paper work our attorney has prepared for those who are going FSBO (For Sale By Owner).
He printed them from our website - everything he needed - Perfect!
He asked about fees and how we figure them.I explained many final costs are based
on selling price.
He didn't have that as he was making plans to meet with the potential buyer.
I suggested he SMART START his title work and save $125... nice
He did that so I am all ready checking out the title so he can sell.
This scenario is not new to me - been doing it since 1995 -I love what we do.
Good Luck Chris with the potential buyer.
I'm here to help walk you through the closing.
P.S. I keep you posted as to how Chris does.
Wednesday, January 23, 2013
"For Sale By Owners" More Determined Than Ever!
We, at Gateway Title, truly are "FSBO"(For Sale By Owner) experts.
This has been our niche' for 17 years and we have seen it all!
Before 2008, sellers would put their house on the market "by owner" to try it for a couple of weeks.
They usually set the asking price too high with the thought of making a real killing in a seller's market!
After a couple of weeks, if the property is not sold, the sellers call a real estate agent and list at a true market price,it sells and they pay a commission.
Then of course, the past 4 years have been pretty dead. They go "by owner", then list, and when it expires go back to FSBO or, in total frustration, take it off the market completely!
Now the "For Sale By Owners" are coming back with a determination I have never seen before.
They order our "Starter Kit" and also, as never before, read every word and call to "Smart Start" the title work (saves them $$).
They are tuned in to the real market value, they refuse to have to pay comission, many times,
they offer modest
closing credits to a buyer, and THEY ARE SUCCEEDING!
It seems like Gateway is part of the FSBO underground because we get so many request from sellers who were referred by other buyers and sellers.We are working with many "family to family" transactions like never before and it seems like "starter" homes are back in demand!
Folks come out of the blue to use our services and we absolutely LOVE it!
We hope this activity is an indication of an improving market for all.
Heaven knows a better economy is what we're all praying for!
PS. Don't stop praying...We think it's working!
This has been our niche' for 17 years and we have seen it all!
Before 2008, sellers would put their house on the market "by owner" to try it for a couple of weeks.
They usually set the asking price too high with the thought of making a real killing in a seller's market!
After a couple of weeks, if the property is not sold, the sellers call a real estate agent and list at a true market price,it sells and they pay a commission.
Then of course, the past 4 years have been pretty dead. They go "by owner", then list, and when it expires go back to FSBO or, in total frustration, take it off the market completely!
Now the "For Sale By Owners" are coming back with a determination I have never seen before.
They order our "Starter Kit" and also, as never before, read every word and call to "Smart Start" the title work (saves them $$).
They are tuned in to the real market value, they refuse to have to pay comission, many times,
they offer modest
closing credits to a buyer, and THEY ARE SUCCEEDING!
It seems like Gateway is part of the FSBO underground because we get so many request from sellers who were referred by other buyers and sellers.We are working with many "family to family" transactions like never before and it seems like "starter" homes are back in demand!
Folks come out of the blue to use our services and we absolutely LOVE it!
We hope this activity is an indication of an improving market for all.
Heaven knows a better economy is what we're all praying for!
PS. Don't stop praying...We think it's working!
Monday, July 18, 2011
SELLING BY OWNER IS NOT FOR EVERYONE
Selling by owner is definitely not for everyone and no one knows this better that we at Gateway Title.
About 14% of real estate sales are done by the owner.
The percentage who try and give up are much higher.
Before you go FSBO ask yourself this:
Do you really know what the current market value is and are you willing to be honest about your asking price?
Will you be able to "get out of the way" when others make comments about the property?
Can you negotiate for your self ?
Do you really understand the required paper work?
Do you know how to advertise the property on the Internet?
These are only a few of the questions to ask yourself.
We have helped thousands of sellers succeed - but it's not for everyone.
To find out if it is for you, give us a call or stop in and chat.
We'll be happy to help you.
www.gatewaytitle.com or call 440 546 9660
About 14% of real estate sales are done by the owner.
The percentage who try and give up are much higher.
Before you go FSBO ask yourself this:
Do you really know what the current market value is and are you willing to be honest about your asking price?
Will you be able to "get out of the way" when others make comments about the property?
Can you negotiate for your self ?
Do you really understand the required paper work?
Do you know how to advertise the property on the Internet?
These are only a few of the questions to ask yourself.
We have helped thousands of sellers succeed - but it's not for everyone.
To find out if it is for you, give us a call or stop in and chat.
We'll be happy to help you.
www.gatewaytitle.com or call 440 546 9660
FOR SALE BY OWNER SUCCESS ON THE RISE
We have seen many sellers become very frustrated because selling by owner is not as easy as they thought. They guess at the market value of their property. They become offended at others remarks. They don't know how to negotiate for themselves and loose offers. Too eager and don't insists buyer be pre-qualified. They accept contingencies that bomb. It gets worse. They feel they know what to do and they don't.
We know this is a problem so we offer free Seller's Classes and bring to sellers the experts to help you. We have a free kit which shows you all the basic facts on getting a real estate deal closed.
We have a lender who explains what pre- approval is and how to use it.
The attorney's free contract is explained.
Pricing and staging is featured along with many helpful tips to lead to a successful sale.
Getting through a real estate deal smoothly is such a relief to sellers. Happy, relaxed customers are our goal
We really do "Keep Life Simple" for "For Sale By Owners".
If you are an Ohio seller:
We can be contacted easily at www.gatewaytitle.com or 440 546 9660 - you can "Like" us on FaceBook too!
We know this is a problem so we offer free Seller's Classes and bring to sellers the experts to help you. We have a free kit which shows you all the basic facts on getting a real estate deal closed.
We have a lender who explains what pre- approval is and how to use it.
The attorney's free contract is explained.
Pricing and staging is featured along with many helpful tips to lead to a successful sale.
Getting through a real estate deal smoothly is such a relief to sellers. Happy, relaxed customers are our goal
We really do "Keep Life Simple" for "For Sale By Owners".
If you are an Ohio seller:
We can be contacted easily at www.gatewaytitle.com or 440 546 9660 - you can "Like" us on FaceBook too!
Saturday, July 16, 2011
Wednesday, July 13, 2011
http://www.dailyreferral.com/43343 this is how you register to get the fantastic deals at Daily Referral.
Daily Referral is part of a business that Mike and I doing in addition to our "regular businesses -Gateway Title and The Realty Store.
We believe this company "Invado", is an important link to future security regardless of the condition of the economy and in particular, real estate.
If you also have concerns about your financial future, please contact me at rachel@gatewaytitle.com
or call 440 546 9660 to take a closer look at this business.
In the mean time, register with Daily Referral (above) to reap the rewards of group buying.
Thanks,
Rachel Torchia
Daily Referral is part of a business that Mike and I doing in addition to our "regular businesses -Gateway Title and The Realty Store.
We believe this company "Invado", is an important link to future security regardless of the condition of the economy and in particular, real estate.
If you also have concerns about your financial future, please contact me at rachel@gatewaytitle.com
or call 440 546 9660 to take a closer look at this business.
In the mean time, register with Daily Referral (above) to reap the rewards of group buying.
Thanks,
Rachel Torchia
Tuesday, April 12, 2011
A new Twist On Marketing Real Estate
Social Media is becoming the newest way to market and advertise real estate listings.
You can create your own Facebook page.
Put your property information on your Facebook page and share with others to see.
Open houses are posted on Personal Facebook pages.
It's free and easy to do.
Real estate agents are using to the max - even doing ads on group buying sites for special discounts!
Gateway Title uses facebook to keep consumers informed and market company services. (Make Gateway Title your friend by "liking it" on Facebook).
Consider All posibilities when you are selling.
Sign upon for online buying groups to see what others are doing.
I am an Invado representative and am including the information to sign up for the newest in Network marketing. Explanation of Daily Referral: a combination of group buying & social networking.Helps businesses market their products/services effectively and businesses only pay when they make a sale. to register, go to this website: www.prelaunch@dailyreferral.com sign in with ID#43343, check your email & verify. Sign up for Both your business and you - contact me if you have questions - Rachel
You can create your own Facebook page.
Put your property information on your Facebook page and share with others to see.
Open houses are posted on Personal Facebook pages.
It's free and easy to do.
Real estate agents are using to the max - even doing ads on group buying sites for special discounts!
Gateway Title uses facebook to keep consumers informed and market company services. (Make Gateway Title your friend by "liking it" on Facebook).
Consider All posibilities when you are selling.
Sign upon for online buying groups to see what others are doing.
I am an Invado representative and am including the information to sign up for the newest in Network marketing. Explanation of Daily Referral: a combination of group buying & social networking.Helps businesses market their products/services effectively and businesses only pay when they make a sale. to register, go to this website: www.prelaunch@dailyreferral.com sign in with ID#43343, check your email & verify. Sign up for Both your business and you - contact me if you have questions - Rachel
Wednesday, March 30, 2011
REAL ESTATE CONSUMERS FALL VICTIM TO INDUSTRY GREED
The phrase I hate to hear …
“Hey, we just bought a new house! You know, we wanted to use your Gateway title company, but the real estate agent said we had to use their in-house title company and we were afraid they would mess it up if we didn’t use their agency”
It is very difficult for me to keep my composure when I know the truth about “steering” and RESPA violations the agent has committed.
Did you know the consumer has the RIGHT to choose the title company to insure the closing of their real estate deal?
It cannot be a condition of the purchase or mortgage loan (lenders also “steer” to their in-house title agency).
Many consumers know they can choose, but are afraid to exercise their rights.
I’ve been educating as many consumers as I possibly can for the past 15 years.
I’ve seen the damage joint business venture title companies have caused the title industry.
Title and escrow by definition are to be handled by a disinterested third party to all when insuring and closing a real estate transaction be it a purchase or refinance.
Question of the day: How can a real estate or lender owned joint business title agency, be a disinterested third party?
Answer: they make extra money on the title and escrow, therefore,
THEY CAN”T!
I am happy for the new home owners, but I am sad that we have again fallen victim to the greed of some companies in our real estate industry.
“Hey, we just bought a new house! You know, we wanted to use your Gateway title company, but the real estate agent said we had to use their in-house title company and we were afraid they would mess it up if we didn’t use their agency”
It is very difficult for me to keep my composure when I know the truth about “steering” and RESPA violations the agent has committed.
Did you know the consumer has the RIGHT to choose the title company to insure the closing of their real estate deal?
It cannot be a condition of the purchase or mortgage loan (lenders also “steer” to their in-house title agency).
Many consumers know they can choose, but are afraid to exercise their rights.
I’ve been educating as many consumers as I possibly can for the past 15 years.
I’ve seen the damage joint business venture title companies have caused the title industry.
Title and escrow by definition are to be handled by a disinterested third party to all when insuring and closing a real estate transaction be it a purchase or refinance.
Question of the day: How can a real estate or lender owned joint business title agency, be a disinterested third party?
Answer: they make extra money on the title and escrow, therefore,
THEY CAN”T!
I am happy for the new home owners, but I am sad that we have again fallen victim to the greed of some companies in our real estate industry.
Friday, March 4, 2011
Stalker Home Sellers Scare Away Potential Real Estate Buyers!
Stalker-ish sellers. I know you think you’re being helpful, walking the buyer through your home and pointing out the wagon-wheel light fixture you made with your own two hands, the custom mural of a stingray you paid top dollar to have painted across your living room wall and the way the sounds of happy schoolchildren running across the front yard of your corner lot to get to the school in the next block lifts your spirits. However, the buyers might be trying really hard to ignore, minimize or figure out how to undo the very features of your home you hold dear. They also may want or need to have personal space and conversations with their mate or their agent while they’re viewing your home - you being there, especially walking right alongside them while they’re in your home, prevents them from being comfortable about doing this, or discussing all the things they would change if the home were theirs. In my experience, the more nit picky a buyer gets about a house and the more detailed their list of things they would change, the more serious they are about considering making an offer on this place.
What’s a Seller to do? Back off.
If you are selling "By Owner", walk behind them and keep your mouth shut until they ask you a question and only answer what they want to know. This is very difficult to do but... TMI turns them off from looking.
If you are listed with an agent, let your home be shown vacant, or leave the house when people come to see it. If you need to be there, at least walk outside or go sit at the coffee shop down the way while prospective buyers view your home. If the buyers have questions, their people will contact your people.
Quote of the Week:
Keep away from those who belittle your ambitions. Small people always do that.
The GREAT make you believe you too, can become GREAT!
What’s a Seller to do? Back off.
If you are selling "By Owner", walk behind them and keep your mouth shut until they ask you a question and only answer what they want to know. This is very difficult to do but... TMI turns them off from looking.
If you are listed with an agent, let your home be shown vacant, or leave the house when people come to see it. If you need to be there, at least walk outside or go sit at the coffee shop down the way while prospective buyers view your home. If the buyers have questions, their people will contact your people.
Quote of the Week:
Keep away from those who belittle your ambitions. Small people always do that.
The GREAT make you believe you too, can become GREAT!
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