Scottie Smith, II

What to Do if someone is Marketing Your Property In a Scam??

11-03-11

So! This morning I woke up to the Most UNBELIEVABLE email. Which after reading it, I KNEW it was a scam..

Now.. I've heard of these scams before but never thought that people would actually do this. Let me just tell you a little bit about it. A Person by the name of "Jermiah Tolson" (not sure if thats his real name) listed one of my listings on hotpads.com "For Rent" for $700 (which is WAY below market). Verifying that old Saying "If it seems to good to be true..It probably is!" Someone then followed up with him because they were interested. The "owner" of the property then emailed the interested party back saying that he has been transferred to Salem, Oregon, and that to get the property, they would need to send money to him. He would then have the keys sent off to them after receiving the deposit and first months rent. Very interesting RIGHT?? If the guy moved to Salem, Oregon why wouldn't he let one of the agents or brokers in the area list the property for him. SMH! I was PISSED when I read this because somewhere out there, I'm sure there are more misrepresented listings for this property!!! Now my question to you is..WHAT CAN I DO?? What do you do if someone is using your property in a scam???

Let me know Real Estate World!!

And inform your buyers to beware!!

Check the email below!

EMAIL 1:

From: Jeremiah Tolson <jeremiah_tolson@yahoo.com>
To: XXXXXXXXXXXXXXXXXXXXX
Sent: Wednesday, October 26, 2011 5:12 PM
Subject: Re: HotPads.com Inquiry about (Property address was Here)

Thanks for your interest in our house, Our home is still available for lease and we want responsible adults/family who are neat and also believe that they have what it takes to take care of our house as if it were theirs. My wife and I initially had it up for sale but had a change of mind in leasing it out ourselves because the agent that was in charge of our rental property was asking too much of an agent fee and also making it difficult for some tenants who can't afford the rent, stay away from renting my house. Hope you are okay with the monthly Rent $700 and a security deposit payment of $500 with appliances includes refrigerator, Stove, microwave, dishwasher, Washer/Dryer, Garbage etc....

The reason why our house is up for lease is because I got transferred from my place of work to Salem Oregon, I will be away with my family for at least 4 to 5 years because of the love I have for them, I have decided not to sell our house and also assuring them that we only have few years to spend here and will be willing to lease it out to person/family who is willing to assure us of taking absolute care of our home and pay their rent on time. I will start by telling you more in regards me and my family. I have a daughter named Amanda (13yrs), and a beautiful wife Lene and they are with me here. I work as a Robotic Programmer & Welder/Fitter here in Salem Oregon and got married to a lovely wife who is a member of Joyce Meyer Ministries. We will be very pleased if we can find the right tenant to rent our home, a person who is good in cleaning and does not tolerate anything that has to do with dirt... we also would like to know more about you and your family, your renting experience and how long and when you plan moving into our home. If interested Kindly get back to me for the application form and the next step to take concerning shipping the keys and documents to you.

Thanks

EMAIL 2

From: Jeremiah Tolson <jeremiah_tolson@yahoo.com>
Subject: RENTAL APPLICATION FORM
To: XXXXXXXXXXXXXXXX
Date: Sunday, October 30, 2011, 10:21 PM

Hello Charlotte Sisk,

Thanks for your response. I do not understand what you mean by: We do not ant to pay more than 1200.00 month in rent, please clarify. You will be able to go look at the exterior view of the house for now and when we are through with the application process, we will ship the keys to you prior moving in and when you look at the inside you wish not to continue i will definitely refund any deposit you made upfront. Below is the application form for you to fill. If interested Kindly confirm your interest by filling the form below:

I really know that God has lead me to a wonderful family like yours, as we are planning on selling our home initially thinking that no one can take care of our home when we are gone but with the help of my wife, we are able to think properly before selling our home and have found out that renting it will be the best option for us as we plan on coming back to our lovely home. You have also said a lot that pleases us and we have also seen how wonderful you and your family can be when you move into our home. My concerns has been solved by you and we believe that all you said should be done the right way in ensuring that we trust you of becoming our tenant. We also plan on making our tenant family friends when they move in.

If all arrangement goes well, we will have the entrance keys and other relevant document in a hard copy paper shipped to your present home address for you to move in at your convenient date. Our home is beautiful and need no amendments. All you have to do is bring in your belongings and maintain the utilities for us. We also have Internet cable in the house, and will like you to take absolute care of our house when you move in.

Applicants' Personal Information
1) Your Full Name:
2) Sex:
3) Phone Number:
4) Present Address:
5) Previous Address:
6) How long at this address:
7) How old are you:
8) Are you married:
9) Do you have a pet:
10) Do you have a car:
11) Occupation:
12) Credit Score:
13) Reason for relocating:
14) How many people will be living in the house:
15) When Do You Intend Moving In:
16) How long lease are you signing:
17) How many months do you intend to pay prior moving in:

Looking forward to hear from you with all this details so that I can have it in my file in case of issuing the receipt for you and contacting you. I will be shipping the keys and some document for you to sign and fax them back to me. when you receive the package, you will go and view the property very well and then either you hold the keys or you send it back to us when you are ready to move in.

Regards,

Mr. Tolson

For more information on Buying, Selling, or Renting Contact :

Scottie Smith, II

c:832.647.1231

e: ssmith@haloagent.com

www.scottiesmiththesecond.com

9 Comments

Multifamily Investment Properties in Dallas, TX! Looking for Investors! Must Sell ASAP

09-03-11

Scottie Smith, II

Get Free online access to Hundreds of Dallas Multifamily Foreclosures, Bank Owned & REO Townhomes. Dallas County is a county located in the U.S. state of Texas within the Dallas–Fort Worth–Arlington metropolitan area (colloquially referred to as the Dallas/Fort Worth Metroplex). As of 2010, the county had an official population of 2,368,139 and is now the ninth most populous county in the United States.

Click Here For Multifamily Deals

0 Comments

Real Estate Investment Properties In Dallas For Sale

09-03-11

Scottie Smith, II

REAL ESTATE INVESTMENT PROPERTIES FOR SALE IN DALLAS TEXAS!

ALL PROPERTIES NEED TO BE SOLD AND ARE LOOKING FOR INVESTORS

CLICK BELOW FOR PROPERTY LIST

Looking for Qualified Buyers to Close Deals! All Investors Welcome, All Buyers Welcomed,

For More information Contact Me:

Negotiating An Owner Financing Purchase

09-03-11

Scottie Smith, II

Negotiating An Owner Financing Purchase

Saving for a down payment can be a difficult and time-consuming task, but there are options for financing a home purchase other than saving or the traditional borrowing options. One option that is becoming more popular is owner financing, and though it may be intimidating to ask the seller to help you finance the purchase of their home, it is certainly an option worth exploring. Especially in Today's Economic Craziness!! Here are a few tips to help you successfully negotiate an owner-financing purchase.

What Is An Owner Financing Purchase?

Owner financing is a mortgage or lending option whereby the existing homeowner lends a portion (or in the case where no mortgage exists on the property, the entire amount) of the purchase price of the property to the buyer. The interest rate, monthly payments, and terms of the loan are negotiated between the buyer and the seller, and the loan is recorded to protect both parties.

Finding Out If It Is A Viable Option With Your Home's Seller

Most sellers are not in the real estate industry and so may not even be aware that this option exists, and most of the time if asked they will probably reject the idea. In most cases, you will have to convince the homeowner of the benefits they receive from this financing option.

Benefits Of Owner Financing To The Seller

There are a number of benefits to a seller in this type of transaction. Here are just a few that you can use to convince the seller that this option may be in their best interests.

Potential Tax Breaks-Because the value of the home is being paid out over time, this means fewer taxes being paid on the profit made on the home. Working out the actual figures may help the seller see the benefit of this deal.

Monthly Income Increase-In addition to the tax breaks, having the value of the home paid out to the seller over time creates an additional income, and in most cases it can add up to a considerable amount in their monthly revenue.

Higher Interest Rates-Because the seller is essentially the lender, they can determine the interest rate, within the legal limits, and it may mean a greater profit for them in the long run.

For More Information on the Purchasing a Home Contact Scottie Smith, II, Broker/Realtor with Halo Group Realty (Scottie Smith, II & Associates)

on the web: www.scottiesmiththesecond.com

on twitter: @SellingTexasRE

through email: ssmith@haloagent.com

832.647.1231

0 Comments

Selling Your Home In A Buyer's Market: How To Maximize Your Profit

09-03-11

Scottie Smith, II

Selling Your Home In A Buyer's Market: How To Maximize Your Profit

There are a number of reasons why you may need to sell your home in a buyer's market, and though getting the most for your home in that situation may seem impossible, there are several strategies you can use to get the best offer for your home. Here are a few tips to getting the most for your house in a buyer's market!

Know Your Local Real Estate Market

While the national housing market may be booming, your local market may be very different. A real estate agent can give you the information you need to determine how your local housing market is doing, and whether it is a good time to consider selling.

Get A Home Inspection

Knowing the condition of your home, and the strengths and weaknesses of your property, can help you make an accurate evaluation of what your home is worth and how best to market it. A home inspection can also point out any repairs that may be required, and you can even use the covered cost of a home inspection as a perk to potential buyers.

Make Necessary Repairs

Making repairs may seem like an unnecessary expense when selling your home, but these repairs, especially to rooms like the kitchen and bathrooms, can really increase the asking price of your home and maximize your profits. Also, having your home in move-in condition will increase interest in your home and ultimately get you a better price.

Find Out The Competitive Price For Your Home

Knowing the accurate market price for your home based on its size, condition, and location will mean that you are in a power position in getting the best price possible. Contacting a REALTOR® can help you determine the fair market value of your home.

Have A Marketing Strategy

Like any business, marketing is an important part of success; having a good marketing strategy means more people will know your home is for sale, and it will be presented in the best way possible. A professional real estate agent can help you market your home in the most effective way.

For More information about Selling your home, Contact Scottie Smith, II, Broker/Realtor with Halo Group Realty

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Scottie Smith, II

Office: (866) 590-8417 x5573

Mobile: (832) 647-1231

Quick Bio

A Father, A Brother, A Son, A DEAL MAKER, a Man of Integrity who’s Passionate, Loving and Committed to Success. An Advocate of Progression and Fighter for Change; Real Estate Broker, Real Estate Investor and Lover of ALL THINGS REAL ESTATE!! I AM Real Estate; Your Provider of All Things Real Estate.

Scottie Smith, a native of Houston, Texas, has an extensive background in real estate, specializing in sales, investments, property analysis and valuation of multifamily and single family properties in Texas. Mr. Smith has been recognized nationally as an exceptional leader in Real Estate and locally by the City of Denton Mayor as a leader in providing housing for the public. Mr. Smith’s passion, integrity and love for real estate as well as his drive to create the perfect real estate transaction is what drives his success.

Scottie Smith graduated from the University of North Texas with a B.B.A in Finance and Real Estate Focus, and the University of Notre Dame with an MS in Accounting. While in school Scottie completed his first real estate transaction at the age of 19.

Mr. Smith’s goal is to assist you with all of your property needs; including the acquisition or sell of single family multifamily, or commercial properties. We are here, from start to finish; guiding you through the process, until the final step and success has been accomplished. Let me Assist you with the sell and/or purchase of your next home!

Areas of Expertise

Single Family Sales/Investments
Multifamily Real Estate Sales
Multifamily Investments
Residential Property Investments
Real Estate Marketing/Sales
Uptown Dallas Lofts & Condos
Downtown Dallas Lofts & Condos
Denton County Real Estate
North Dallas Real Estate
Frisco Real Estate
Plano Real Estate
Luxury Dallas Residential Leases

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