Exit Realty has become a haven for Women that can break boundries. Just Like Tami Bonnell, you may find a better home at EXIT Realty!
If you have interest in Exit Realty anywhere in the US or Canada contact me directly at:
Dave Coffman, Exit Realty 1stChoice, Tucson, AZ - 866-734-3948 or go to:
www.ExitRealty.com for more information about the fastest growing company in the history of real estate!
Those of you that didn't hear about the new law that passed earlier in 2008 please take note. Effective January 1, 2009, you may no longer have a license plate frame that covers up the word "Arizona".
This is a level one offense and you can be pulled over for this infraction alone. The thinking behind the law is reported to be due to the large number of different plate designs we have in the state, making it hard to determine where the vehicle is licensed at a glance.
Just a big FYI... Be safe out there! I know most of us like to avoid traffic citations!
All of us at Exit Realty 1st Choice have a lot of blessings for which to be thankful. The brokerage survived what was a very hard year for many and we broke some records to the amazement of most of us. Our brokerage surpassed our total 2007 sales in July and by Early November, we had DOUBLED our total sales for the previous year!
My wife and one of our Office admin people decided to get involved with the community food bank and had some limited success during December. In the last few days I saw two different headlines telling the City of Tucson how little has been donated to the food bank and that food distribution has been cut in half. I know the economy has been tough for many of us in the industry, but this is when the rest of us need to stand up and give back to the very community that keeps us busy making a comfortable living.
I'd like to announce here on Active Rain that we have launched a year-round donation drop off for the community food bank at our Broadway office. We have set a goal of 1000 pounds or 20 cases of food for the month of January and will be asking for all of our local real estate, title, lender& other community partners for help to reach our goal. We will also be happy to collect cash donations for the cause. Each month I will announce the coming months goal for the food drive here at my blog on Active Rain.
Our office is located at :
EXIT Realty 1st Choice
6763 E. Broadway Blvd.
Tucson, AZ 85710
If you need directions to our office we will be happy to direct you. Just give us a call at 520-323-3948
This past year sure has been one knee jerk reaction after the next with regard to the mortgage crisis. Eighteen months ago it was OK to give any vagrant or jobless bum a loan. Now, the very people we would have killed to work with, 720+ credit scores and the like, are being turned down. LTV rates are ridiculous for investors. Hello, investors are a big segment of the foreclosure buyers! They are also a big help in reducing inventory, which we have an abundance of at the moment.
My partner and I have an on-going discussion about the validity of the LSR (loan status report) or the pre-qual letter. My opinion is that they aren't worth the paper they are written on. Everyone understands that until the underwriters are satisfied, you can run into problems. So, why give so much credence to having one early in the process? Well, for one thing it does tend to remove the chaff from the crop, but you still have possible roadblocks to overcome.
Now with the mess created in the mortgage and banking industry, the knee jerk reactions are extreme. The sad part is, over and over we see buyers that have followed the correct steps, found a professional REALTOR®, worked with a quality lender to get pre-qualified, did their homework on the homes and areas of interest, only to have problems at the eleventh hour. The worst of this, is that by this time they have spent a substantial amount of money on inspections, appraisals, and credit reports. For some of those first time buyers or lower income families, this can be a lot of money.
It would appear that the sure money being made right now is in the appraisal, home inspections and credit check business. These folks are getting paid even if the deal falls apart! Hey, they did the work, right? Can't blame them.
Hey here's an idea! ... I'm sure it won't be met with enthusiasm from some in the lending industry, but like most of the rest of us, we've had to put our money where our mouth is!
What if?.....
Every lender or mortgage broker that was going fill out and LSR or pre-qual letter had to vet the borrower to the extent that if they decided at underwriting, not to move forward, they had to reimburse the borrower for the cost of the appraisal, home inspection and credit report?
I bet we would have better, more thorough examinations of the borrower up front and a lot fewer deals falling apart at the closing table? I'd certainly feel a lot more sure of those LSR/Prequal letters too!
Lenders... Please don't hate me!! I know a lot of you are doing the best job possible, but I also know a bunch of you that are just as frustrated with the underwriters and the knee jerk responses seen today as the REALTORS® that are bringing in the clients.
Well, that's one idea. Do you have one of your own?
During 2007-2008 the REO business began to scream! It's the new craze everyone is trying to leverage for additional income!
We all know the drill.
Find an asset manager or three or four or ten!
Sell yourself and your abilities to them. Chase that golden carrot.
Work that BPO for all its worth. Hint for the listing. Hint again! Ask for the listing! Ask for more listings!
Eventually, you get there. We've all paid our dues or are paying the dues now, working diligently to develop that relationship and get those listings sold. Business is good, but at what cost to your soul and schedule? If you don't already know, it can be a LOT of work, but the volume can make up for the extra efforts required to satisfy the asset manager
Catch me if you can!!!!
In steps, EXIT ... with a fabulous new approved supplier! A new Breed of Asset Manager!
If this sounds like a better way to create REO business to you, We are building an Army of agents to handle the launch of this company in the first quarter of 2009. We need an additional agents to handle the projected volume in Arizona alone.
Contact me at:
Dave Coffman
Exit Realty 1st Choice
520-323-3948
Attention Agents: Accelerate your career! Never a desk fee or earnings limitation. Join our progressive family of REALTORS® at EXIT Realty. We're the 5th largest US Company & Growing!
I'm one of Three owners of Exit Realty 1st Choice bringing 25 years of Sales, marketing and Branding experience to our ownership team. I'm currently the Marketing Director in charge of all marketing and branding of our company on a local and national level. My main expertise is aimed at the assistance of branding and marketing all of our Agents by automating their marketing toward clients and their Total Sphere of Influence.
Our Broadway Office
The Marketing department at Exit Realty 1st Choice is second to none. As Director of this department I'm responsible for training of the agent staff on proper marketing & Branding skills. Most Real Estate agents didn't realize when they entered the business that they were going to be a "jack of all trades" and more than just a few, really have no concept of advertising or branding themselves.
The Marketing and branding of an agents identity is paramount. We not only teach them the proper methods of branding, but also assist them in message, design, venue, demographics etc. The value of these services to our clients is also immense. Our agents get the best results for their clients when advertising and marketing the homes they list for sale! This equates to shorter market time and less stress for the client. The services of the department are free with no strings attached. In some cases the advertising is actually supplemented by the company!
Once an agent decides to use the services of our department, we will determine what the message will be for the campaign, who the target market is, delivery method & Budget for the third party printing or mail service. At this the agent can walk away for the duration of the campaign and concentrate on the duties of prospecting and selling. The Marketing department will automate and administrate the entire process of the campaign until the duration is ending and more planning is required with the agent.
We also take negotiation of advertising media very seriously. We negotiate company wide for the best possible rates, which agents can choose to take advantage of these rates or negotiate their own venues. All negotiations are open for review and we pride ourselves in our transparency. The reason for these efforts is to ad value to all agents advertising efforts and assist them in stretching the monies that drive their branding and advertising.
Any Brokerage that uses this as company revenue enhancement, at their agents expense, really doesn't understand that agents are the assets of the company and without them the business grinds to a halt. To bleed an agent of advertising funds for the purpose of paying the electric bill is despicable and undermines their own very existence! The more effective an agent becomes in their own branding & advertising, the more business will be created for the agent and the company alike. There is NO long term benefit of adding cost to the agents advertising budget.
The idea of residual income is relatively new to our industry and like all new things take a while to get used to seeing. Some of the worlds largest corporations are insurance firms that grew from this very concept.
Lets make this a little easier to understand. Exit Realty Corp international will pay any Exit agent that introduces another agent to our company a company development bonus. Not just once, but every time that the new agent closes a deal. A bonus just for introducing another person to the company! This is in addition to any commissions you earn selling real estate.
CAN YOU DO SOMETHING WITH THAT?
EXIT's Residual income stream is paid out within 72 hours of funds being received by Exit Corp. and loaded onto the appropriate agents Exit Success Credit Card. See the map below to view how much residual money has been paid by state. Did you get your share?
Here's a great example of how much money can be earned by simply helping us build our company. There are many agents across North America earning well over 6 figures for their sponsorship efforts. Meet Joe & Olivete Costa!
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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