My Realtor friend, Janna Rankin of Coeur d Alene ID shared a beautiful short sale success story on her blog recently. She helped her clients tirelessly fight through some challenging times with the bank. But in the end, when the short sale was approved and the sale was successfully closed and funded, Janna mentioned that she didn't find a cure for cancer that day, or pulled someone out of a burning building. But to these frazzled homeowners, she was a hero. A hero because she found a solution to their never ending nightmare. A hero because after fighting for so long (with their lender), they finally found someone who listened and helped.
If I never worked a short sale selling side, I thought a buyer's agent role in a short sale process was challenging. So many times, I heard that buyer's agents deter their clients from showing short sales because the truth is that, the sale may not be approved. In the end, the buyer waited all these times only to NOT have a house to call their own. That is difficult. And no buyer's agent wants to constantly calm an impatient buyer - "Have we heard back yet?" I'm sorry Buyer's agent. It's not about you and it's not about me. It's about helping the seller get out of a financial calamity while your client purchase a property lower than the fair market value.
If I never worked a short sale selling side, I never knew the mountainous side of paperwork that is involved. The paperwork nightmare begins on Day 1 when the listing is taken. Don't forget, this is still a normal sale. Hence, the short sale selling agent would still need to actively market the property. However, it is a race against time. Like any other sale, we don't know when the buyer would show up with an offer in hand so the seller can begin the approval process. Until then, some banks wont even talk about a resolution. By the 3rd or 4th month of non-payment, the foreclosure notice is sent out. The pressure is really on by then. I'm a highly organized person in nature. Hence, it's my nature to document my transactions - especially with short sale transactions. I have a escrow checklist. But that still doesn't ease the pressure of needing to get the short sale approved before foreclosure proceedings takes place.
If I never worked a short sale selling side, I never knew how much time I had to spend on the phone. Time spent to check on status, time spent to verify that documents have been received, time spent just to reach the right person. I've heard of every listening music tone there is! Some I like as background music, some I dont.
If I never worked a short sale selling side, I didn't realize how much more REAL work is involved when compared to working a regular sale. Yes, I actually have to work this time. So, go figure. Then, only to find that lenders try to stop bleeding from ALL sides (try to get sellers to foot a small bill, the buyer to pay a little more and the agents to reduce their paychecks).
Serious dedication is needed to work on the short sale selling side. No question about that. But, those of us to have a heart to serve the communities we live in would do that in a heart beat, for all the reasons Janna talked about. If we didn't love our people, our clients, we would never venture into unchartered territories to potentially find that we may earn less, work more or worse yet - find our clients be foreclosed upon simply because the numbers may not have worked for the lender.
Yes, in the business world, it's all about the numbers. That's where we the agents come as a bridge between numbers and real people, with real problems that they didn't want to be in in the first place.
Ahhhhhhh ------ It may seem that I think too highly of myself (ourselves) as heroes to our short sale selling transaction. But because I take pride in helping sellers do that, even if it is pride for some to think, so be it. I (We) know our hearts and I (we) will always help. That's what we are here for.
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Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY)
Heroes Come in ALL Shapes, Forms & Sizes. Yes, Realtors too!
Sellers are often confused and mis-informed during a short sale process. This article is in hopes that the myths are debunked.
In a short sale transaction, the Seller owes more than he/she can sell the property for. For whatever reason, the seller may not have enough money to break even on the transaction - whether it is a decline in property value, income loss or short of finances to pay the cost of selling the property.
When a real estate broker is hired to put the property on the market, the broker signs a listing agreement with the seller. The seller is still the seller, and a responsible party to the transaction. The seller did not sign away the property or ownership rights to the lender. The seller still has legal responsibilities to perform on the contract when the buyer purchases the property.
The seller's lender role in this transaction is only to approve the "short" amount. Hence, "short sale" approval. The property is NOT handed off to the lender like most sellers think. The seller is still the legal owner of the property.
When a short sale is approved, the seller may have additional tasks to fulfill in the contract. All these depends on how the contract was accepted by the Seller. The seller signs legal documents to transfer title to the new buyer. The bank does not. The seller still shows up at the title company.
The seller may have to bring additional funds to the closing, the seller may sign a promissory note for the "short" amount or the seller may just walk away. The outcome depends on the negotiation of the short sale.
More often than not, as soon as the seller signs authorization for the real estate broker to speak/ deal on behalf of the seller, the seller thinks that his/ her role is handed off to the broker. Not the case.
Related Articles:
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team
REALTY)
Originally Posted on
Short Sale Seller Myths Debunked
An implied agency in Texas is a broker and buyer relationship where there is no express agreement for broker to act as agent for the buyer. The actions, conversations and activities may lead to an "implied agency". However, the buyer may have a different set expectations from that meeting. than the broker performing the service.
| "We saw a house on the internet and called the broker who listed it to set up an appointment to see it. The listing agent sent another agent to show. We have not engaged in a buyer's representation. After showing the house, the agent mention that he would write up the offer for us. We are interested in the house but we want to use a different agent to represent us". |
When a broker/ agent have not discuss and confirm the relationship and representation at the first meeting, the unrepresented buyer may assume that the broker/ agent is just out there to merely show houses to him/ her. The "bigger" issue of the unrepresented buyer will then be working for the Seller - whether or not, the broker/ agent is the listing broker/ agent. Thus, anything that the buyer says to the broker/ agent The "bigger" issue of the unrepresented buyer will then be working for the Seller - whether or not, the broker/ agent is the listing broker/ agent. Thus, anything that the buyer says to the broker/ agent could potential be too much information that may hurt the intention of purchasing the property.
In an "implied" agency relationship, this relationship is successful when both parties are in agreement to enter an "implied agency" relationship. However, more often than not, buyers simply want access to the property and not necessarily be in a business relationship with the broker/ agent who showed the property.
Implied agency or Buyer's agency is one of the clarifications needed in the example above. However, when the Buyer is interested with the property and wants to purchase the property now has a procuring cause issue. Procuring Cause is how a broker/ agent gets paid. Thus, if this agency relationship is not clearly defined at the beginning, it can cause Procuring cause commission disputes among agents. Disputes arise when "showing" agents think that they are the procuring cause to the sale while procuring cause is clearly defined as the agent who ultimately brought the buyer that cause the sale of the home, presented the offer, successfully negotiated the acceptance of the offer hence earned the commission he/she deserves.
Most consumers do not understand how brokers are paid. Hence, it is the agent's duty to explain. Buyers do not know that they open themselves to a can of worms when they speak to agents in which they have no desire to get in a business relationship with. The best way to protect yourself against procuring cause is:
I do not like implied agency and the problems it may cause. Upfront disclosures are needed to clarify the relationship so that there is no mis-communication or mis-representation or there lack of. The best relationship is affirmed in writing with a Buyer Representation agreement.
Some consumers (including brokers and agents) find it difficult to get into a signed buyer's representation agreement. They (both parties) feel like they are getting themselves tied down in a committed relationship without knowing each other. One way to resolve this issue is for both parties to sign a one-day buyer's representation agreement or representation based on the properties that were shown that day. That way, no parties are obligated to each other should that relationship not work out.
Related Articles:
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY)
Originally Posted on Implied Agency, Procuring Cause and An Important Home Buyer's Education
Barry Owen wrote this post, Out of the Box thinking Creates a Level of Service Your clients will rave about. In his blog, he offered a variety of knock-the-socks-off out of the box strategies. Some done more often than others, some pretty creative.
Here's my take on the subject:
Our clients may not necessarily remember what you did to market his or her home. In the end, I believe they will remember if you were responsive to their questions and concerns, if you returned their phone calls in a timely manner.
Now, that's a secret.
(Insert sarcasm here)
I say, if you want to deliver a Level of Service your clients will rave about, Pick up your phone when it rings or if you have to return the call, do it in the next 10 minutes. Now, that's something to remember. Something they will tell their friends about. They wont remember Marketing Plan A from B.
Sometimes, we don't need out of the box thinking. We just need to do what's right. Get back to basics. Answer that darn phone! Even if you are on an appointment with someone, simply excuse yourself for 1 minute, tell the caller that you will return his/ her call in X hours. I let my clients know that I take other calls when I am with them. When it's their turn, they know they will get to speak to me also. All my clients are important.
A human voice is important to hear.
There's nothing more frustrating than leaving a message on a voice message especially with technology working for you. "Wait while I connect you to the party you're calling..." Why cant I just leave a message if you didn't answer. Why let me sit through all the connect, and disconnect? Okay, that's an unintended rant. But you get what I mean.
We always crack our head to do this social media right, create unforgettable moments with "stuff". I think the answer lies within simple basic stuff. Answer that darn phone.
If you could answer your phone, or reply your client's email as soon as you receive it, now that's something to rave about. Dont you think so?
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team
REALTY)
Forget that Outta Box Creative Thinking, How About As Simple As Answering That Phone Call?
All new first time home buyer and repeat buyer Tax Credit are effective immediately. It does not have to occur on December 1 2009 in order to qualify. All closings occurred on November 6 2009 qualifies for the new & improved first time home buyer and repeat buyer tax credit.
First Time Home Buyers
The $8,000 first time home buyer tax credit applies to home buyers that purchase homes at $80,000 or more. Anything less than $80,000, the tax credit that applies is 10% of the purchase price.
Repeat Buyers
New Income Limits
Purchase by a Dependent
There was no age limitation on the original bill and amended for the November Tax Credit. Taxpayer must be at least 18 years old to qualify for the credit. For married taxpayers, the taxpayer shall be treated as meeting the age requirement if the taxpayer or spouse meets the age requirement.
Repeat Buyers
There is no criteria that home buyers must "move up" in house. Only that they lived in the house for the past 5 out of 8 years as a primary residence. The new purchase price must not exceed $800,000.
Date of Enactment = November 6 2009.
For 2008 Purchases
For home purchases in 2008, the tax credit works as if it is a 15-year no-interest loan up to $7,5000. The total amount of tax credit equals 10% of home purchase price.
For 2009 Purchases
For home purchases in 2009, the tax credit is 10% of purchase price to a maximum of $8,000. On or after November 6 2009, repeat buyers qualify also.
Tax credit:
When to File For This Tax Credit
First time home buyers who purchase a home in 2009 can claim the tax credit on 2008 tax return by filing for an amended return or 2009 tax return. Credit may not be claimed before closing.
The credit is claimed using Form 5405 with an original or amended tax refund.
To file an amended tax return, use Form 1040X.
| FEATURE | Jan 1 – November 30, 2009 Rules as enacted February 2009 |
December 1 – April 30, 2010 Rules as enacted November 2009 |
| First-time Buyer – Amount of Credit | $8000 ($4000 married filing separate) | $8000 ($4000 married filing separate) |
| First-time Buyer – Definition for Eligibility | May not have had an interest in a principal residence for 3 years prior to purchase | -Same- |
| Current Homeowner – Amount of Credit | No Provision | $6500 ($3250 married filing separate) |
| Effective Date – Current Owner | No Provision | Date of Enactment |
| Current Homeowner – Definition for Eligibility | No Provision | Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years |
| Termination of Credit | Purchases after November 30, 2009.(Becomes April 30, 2010 on Date of Enactment.) | Purchases after April 30, 2010 |
| Binding Contract Rule | None | Written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close |
| Income Limits | $75,000 – single, $150,000 – married, Additional $20,000 phase out | $125,000 – single, $225,000 – married, Additional $20,000 phase out |
| Limitation on Cost of Purchased Home | None | $800,000 |
| Purchase by a Dependent | No Provision | Ineligible |
| Antifraud Rule | None | Purchaser must attach documentation of purchase to tax return |
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All contents are original. Consider subscribing to my blog for more real estate commentaries.
Subscribe via Email if you are not an Active Rain member here.
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team
REALTY)
Originally Posted on
Home Buyer Tax Credit Extension
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Cant you tell - I love what I do! I am the catalyst to enrich the quality of lives of individuals I serve, that otherwise without my presence would not, or could not do. I work on some serious stuff
The areas that I serve are the north sububs of the Dallas metroplex, (but not limited to) include Frisco, Plano, Little Elm, McKinney, Allen, Richardson, North Dallas, East Dallas, Dallas M-Streets, Dallas White Rock Lake Areas, The Colony, Celina, Prosper, Flower Mound, Lewisville, Denton, Carrollton, Farmers Branch, Irving, Valley Ranch, Coppell, Las Colinas, Arlington and Mansfield.
Get access to all available homes for sale.
Guide to home buying, new construction, foreclosures here.
Take the 2009 Home Value Challenge today. Find out how to sell your property in today's market.
Thinking of selling your home? Your home marketing plan must be the right one for it in order to sell in today's market. Click here to find out more.
********** PROPERTY WATCH ALERT **********
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Well, I do feel that there is no need to talk about how proficient in real estate I think I am or even how I great I think I am as a real estate agent. I want to let my past clients speak for me. Better yet, I want to let YOU decide for yourself what I am.
I'd like to share with you practical examples of what you can expect that I can bring to the table during your real estate transaction. My years of experience in the business include:
NEW HOME CONSTRUCTION - Many buyers do not feel that there is a necessity in working with a real estate agent that is on "their side" to look out for their best interest when dealing with home builders. There are more benefits, if you find a proficient agent to work with. I can help set your expectations and assist you in ensuring the home building process go smoothly. Since the Frisco, McKinney, Allen, Little Elm, Prosper and Celina TX real estate markets are booming with new home construction, you might want to consider working with an agent who understands this entirely different beast. Also, with the builders facing the down turn of the economy (and some up to foreclosures), it is important to have a seasoned agent to walk you through this emotional process. Read also, The Value Your Agent Can Bring To Your New Home Construction Process.
NEGOTIATION - My experience with sales and negotiation began at a tender age of 12. By 15, I was making enough commission to stock away for my college education. I am experienced with the emotional process about negotiations. What I always strive to do though is to find a win-win situation for all parties involved. Ultimately, I understand that Sellers want to sell and Buyers want to buy. There is always more to negotiate than to price. Every transaction is different and should be handled uniquely. Read also, Negotiating Across Cultures to see how my negotiation experience can assist in your transaction should it be required.
MULTIPLE OFFER SITUATIONS - Yes, it still happens in this Buyer's market here in the greater Dallas real estate market. You need a seasoned agent who is not afraid to go beyond the "regular" presentation of offers, one who will work very hard to help you win your contracts. Experienced in both buying and selling for multiple offer situations. If you want to know how well the greater Dallas TX real estate market place is doing despite what prime time news tell you, please read also, You Say The Market Is Down, I Say Multiple Offers.
SELLER REPRESENTATION -To date, I have sold every house I have listed except for three. The first, my own which my family and I decided to turn it a rental property instead. Second, the seller who was accepted to enter an education program here in the area decided that she did not need to move. Last, is a seller who is sick and can no longer able to conveniently show her house decided to take the property off the market. My selling record include 1-day on the market, 10 days on the market to many of them between 2-3 weeks despite what the media says it is doing. To further clarify, my seller clients did not feel that I gave their house away. With the credit crunch like we are facing today, a seasoned real estate agent who is also very aware about the mortgage side of the transaction is key to correctly picking out and/or interviewing the right buyer. It is your best interest to keep this sale transaction as full-proof as possible and I can help here. Ask me about my systematic market approach that most real estate don't use. This carefully-orchestrated home and marketing strategy WILL send you on your way to the closing table. A short summary of my success is in the table (For more details, contact me directly):
11914 Jereme Trail, Frisco TX 75035 (Plantation Resort)
1104 Ainsworth Dr, Anna TX 75409 (West Crossings)
4177 Republic Dr, Frisco TX 75035 (Heritage Lakes)
8906 Bretshire Dr, Dallas TX 75228 (East Dallas)
3rd and final Realtor® on the job.
Hilda Roznovsky
"For 2 long years I tried to sell my house without any success. Loreena sold fast and at a very fair price. If you are in her hand, you're in THE HANDS."
THIS SPACE RESERVED FOR YOUR HOME
Systematic Market Approach™ is a powerful advantage over your competition. It is also a marketing strategy that most Realtors ® do not use. It employs a combination of several proven techniques to effectively and successfully sell homes. The Systematic Market Approach™ is my unique proposal to sell your home and ultimately, to help you move onto the next chapter of your life. It is more than just a real estate sign in the yard, lock boxes, MLS exposure and the other normal stuff all real estate agents in town use.
The Systematic Market Approach™ consists of:
· A Complete Recommended List for Home Preparation including Staging. In order to obtain the results you want in the time frame satisfactory to you, staging is a requirement with the listing. I have a solid track record to prove this. Just ask!
· Lifestyle Marketing. Every home has a story and every home should be presented uniquely because of it. There is no cookie-cutter marketing plan in the Systematic Market Approach™. You ought to find out how lifestyle marketing will set you apart.
· Pricing. I perform a detailed comparison market analysis to obtain a suggested price range of which your property should sell for. This is an in depth market analysis that takes real research. It takes into consideration the available inventory on the market, pending contracts as well as sold market data. It compares features by features. At the end of the analysis, you will have a fairly accurate suggested price. · Web Exposure. I believe that the web is the most powerful marketing tool. Though chances are high that your home will be sold to a buyer who has a real estate agent representation, most buyers begin their search for their homes long before they work with an agent. Giving your listing the maximum exposure it deserves.
Your home deserves the best marketing plan with an unconditional guarantee. Let’s discuss this in further details at our listing appointment.
I want to point to you some special highlights of Seller blogs I had written in the past:
Secrets to Selling in 30 days
Seller's Myths: Try this first and I can always lower it later
Sellers Fail To See
The First 3 weeks May Be The Lifeline of Your Sale
To submit a no-obligation market analysis of your greater Dallas Frisco, TX property, please visit Value My Dallas Frisco Home.
BUYER REPRESENTATION - Understanding what you want and where to look is key to saving you time, energy and money when buying real estate. I primarily work in the Frisco, Dallas, Richardson, McKinney, Allen, Prosper, Celina, Little Elm, The Colony (the northern suburbs of the greater Dallas metroplex) although my vast real estate experiences also include Flower Mound, Coppell, Irving, Las Colinas, Valley Ranch, Dallas M-Streets, Dallas White Rock Lake, Arlington, etc. Here are a few blogs that I shared about issues that every buyer considers while making an offer to purchase:
More Than Price per Square Foot
Myths about Tax Assessments versus Market Values
Move Up Buyers Take Advantage of the Market Situation
For access to ALL available properties for sale in the Dallas metroplex, please visit my website. Or better yet, set up a no-obligation, no follow-up phone call (unless you make the first contact) profile and your home search criteria. When the criterias meet your needs, you will receive an email alert with full property information. Create your Sign-In now.
FIRST TIME HOME BUYERS - I have served many, many first time home buyers during my career. Many of them need clear understanding as to what they are doing and what to expect in home ownership. Depending on how much each client understands about the home buying process and the responsibilities of homeownership, I counsel each client uniquely to his/her situation. I wrote several blogs about Homeownership, many of which are geared towards first-time home buyers. Let me caution you first that some are controversial but ALL of them are down-to-earth advice coming from the heart of a financially-savvy real estate agent ie. me. You might find these articles interesting:
Down-To-Earth Home Buying Tips
The Real Hard Truth about Homeownership
The True Cost of Homeownership
Home Purchase as a Forced Savings
Is Home Ownership on Your Horizon?
Unconventional Advice for Newly Weds
RELOCATION - The greater Dallas metroplex remains one of the most best value places to live in the country. In addition, the standard of living is very affordable and in line with inflation. I serve many relocation clients that come from the East, West and other large metropolitan cities around the country. Real estate expectations (what you can get for your money) are not the same. Relocation buyers have different needs. Also, they might need to make a decision quickly. Hence, working with an agent who know the area like the back of her hands is important. In addition, my quick skill of knowing what each client is looking for in a house helps make this transition into the greater Dallas area a pleasant and peaceful one. Read also, What Can You Get For Your Money.
FORECLOSURE & SHORT SALES - I serve a large number of buyer representations for foreclosure or short sales properties in this area. Though this process is very similar to the "regular" buying process, it is not completely the same. There are many more documents and paperwork to sign thus it can be confusing to a home buyer who has not have too many experiences with purchasing these type properties. My duties also include setting expectations so that buyers of foreclosure or short sale properties may understand the type of transaction they will go through. Understand that not all foreclosure or short sale properties is the answer of a best real estate deal out there.
Read also, In Search of a Foreclosure Deal.
Business Decisions of Short Sales & Foreclosures Create Artificial Real Estate Market Values
PROFICIENT IN UNDERSTANDING REAL ESTATE CONTRACTS - It is important to work with a real estate agent who knows in "ins" and "outs" of a real estate contract. I am a real estate broker who has undergone vigorous training and education to understand real estate contracts and the correct "to-dos" in real estate transactions. I also align myself with experienced real estate attorneys and other real estate brokers that will be able to assist when necessary. Proficiency is a honed skill that not every agent possess. It takes time, years of training and experience plus education to achieve.
BULLETPROOF TRANSACTIONS - Once you have an executed contract to purchase or sell (depending on which side you are on), it still does not mean that you will close and fund on the property. There are many parts to the puzzle before you can reach your ultimate destination. This is where a seasoned real estate agent's experience, systems, checks and balances are worth. When you interview an agent, ask to see the systems, checklists and organization in adequately handling the closing process. Your "Bulletproofing" your transaction is by selecting an agent who is ready to close on the property from Day Zero.
REAL ESTATE INVESTMENTS - If you purchase real estate investments as an alternative solution to your retirement or diversified investments, I'd like to extend my expertise to you and to tap into my real "investor" knowledge. Personally a landlord myself, I understand the concept of minimizing risks while maximizing profits. Due to my analytical background as a structural engineer, analyzing the investment potential of a property is what I am naturally good at. As much as I can identify a profitable real estate investment versus not, I will also guide you through the process of "readiness" and if you are adequately ready for real estate investments. I have developed my very own network of honest contractors and other service providers that earned myself a position as a valuable resource in the investor community.
If this is not sufficient to know if I am the right agent for your real estate transaction, find out more about me on a personal level here. Learn more About Me and My Company, 3:16 team REALTY.
Note: All contents are original. Consider subscribing to my blog for fresh business ideas, often creative and unique. It is my intentions to bring you effective blog contents that will could make you feel that it was worth your time to subscribe.
VALUE-Focused, NEGOTIATION-Focused, RESOURCE-Focused, RESULTS-Focused.
Click on the links below to read more about ...
Home Buying Tips | Home Selling Tips | Homeownership Tips |
Todd Lehmann
"We needed to sell our house first, before we could purchase another. Tough task in this current housing market. And even in a Buyers market, both are a challenge. All I can say is, WoW! You far exceeded our expectations on both. Your dedication, knowledge, patience and professionalism is second to none. During the time when we were working with you, you were blessed with a new baby. Honestly, I was thrilled for and your husband, but a little concerned you may not be able to maintain your top notch performance in this highly completive housing market. Well, my concerns quickly faded as I realized, you had more energy than I did! While never compromising the health of your baby, you were always accessible, even if that meant talking to us from your hospital room. We joked all along about signing contracts right up until delivery and well, we did! You are truly committed to your clients. We got a fair price for the sell and found the "perfect" home for our family. You went above and beyond in my book. THANK YOU!!!! The happy memories we make in our new home will always include you and your family!"
"Loreena, you were so helpful in your advice on how to prepare and stage our home. We never dreamed it would sell the first weekend! How can we thank you enough! You're wonderful. You under-promised and over-delivered! You did what you said you would do and then, went beyond. You were out of the country our first week but we could still reach you daily. Thank you!"
Tom & Debbie Milner
Before the tech-sector crash in 2000, I was living in Plano. As you know, this area went from very affluent to on of the biggest foreclosure areas in the US. Fortunately, I survived it. Later, but while the affects of the crash were still very real I needed to move. I had contacted several realtors and several made less than a half-hearted effort to do anything except try to get exclusivity. This is when I found out that Loreena was doing real estate, so I contacted her and made an appointment.
When she arrived for our appointment, we went through the normal preliminary procedures and all was fine. Then she surprised us. She had already done most of the work and only needed to take a few pictures of the inside and determine the price that we would be comfortable asking. She also spent a great deal of time explaining to us how the whole sales process work and what we could expect. All was correct and explained to us in a way that was very pleasant, easy to understand with time for questions and with no condescension at all We were so impressed that we offered exclusivity.
About a week later, we moved to the east coast and left her in charge of the house. She made sure that all was being taken care of as we had arranged, with contractors. Then she went to work and very soon afterwards she had a buyer for us with many possibilities in their favor she was able to keep them interested in our house and they passes on all of the others. Their realtor was well seasoned and strong willed, but she held her ground and delivered a good price, and a painless sale. If you ask me, there is no better realtor than Loreena, because she puts her heart into the sale of the property and you can sense it and her sincerity.
Eric & Tomoko Yoshiyama-Quere
"Loreena is a highly educated Real Estate Broker in Frisco, TX. She ensures her clients are well represented and well informed throughout the Real Estate transaction. Loreena's has great enthusiasm and passion for Real Estate. If you are looking for a home to buy or sell in the surrounding area, I strongly recommend Loreena Yeo."
John Cannata
Contact me directly for more references.
My goals here on Active Rain are two-folds. The first and foremost is to serve my real estate clients and consumers by providing high quality and relevant local content, especially for the North Texas, greater Frisco & Dallas real estate markets. My other goal is to serve other real estate professionals in my area as well as those here on Active Rain.
I have spent some time here as an ardent and dedicated blogger. Once a while, I share some tips and tricks to enhance the blogging experience here. You can read more of my Dedicated Active Rain Tips and Tricks here. Blogging Active Rain.
I also have a heart to educate real estate rookies here on Active Rain. I remembered what it was like to be a rookie. There are many blogs that I wrote to share my rookie year experiences with you. You may read them here. I will be adding more soon. Check them out when you have time. Rookie Real Estate. (I need to spend some time this Winter to work on some Active Rain house-keeping).
Other realtor success tips here.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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