Brokers Price Opinions Suck

Brokers price opinion to make a living?
Honestly? You're sure that is your choice?
I am a realtor. As an agent, you may as well have gone into hibernation the last few yrs. I'm a team leader and my buyer agents have been clawing for any deal. Probably like you, I figured that as the number of agents dropped like a stone, there would be sufficient sales to let the strong make a living. Regrettably, that just didn't come to pass. We could have seen this coming. We all chose not to.
Like everyone else, I thought broker price opinions were a fantastic choice to ride out the storm. But, I learned some hard truths, fairly quick:

 

1. Performing price opinions for reo's will not result in you getting any listings from that bank.
Secondly, your bottomline after costs and time in is way lower than you believe.
Lastly, there's not enough work out there to generate real money.
Guys, I can feel your pain. Your experience doesn't translate easily into other fields. And, you know real estate. Well, I have your answer. A lucky discovery has a led to a money making system that is ideal for realtors and can make you crazy income.The shocking truth is that the funds are a result of mortgage foreclosures. Okay, not so lengthy ago, here's what we found.

 

It all start about 5 years ago. I was involved in deed flipping with a friend. We had a scenario where we had bought a deed and thought we'd be able to flip the deed at the courthouse actions and make a good hit. Instead, we got no takers. In this instance, the only debt against the property was a single mortgage. Our study told us that the home was going to sell for far much more than the debt at the foreclosure sale. We had been going to sell the deed at the foreclosure sale. The individual that was bidding on this property could then pay off the mortgage - simply because they owned the deed - and own the property. The bidder would save quite a bit because the home was bid above the total of the deed price and the payoff of the mortgage. We couldn't sell the deed at the foreclosure sale. Of course we had the option of paying off the mortgage and owning the home outright.. We had too many irons in the fire. We let the deal go and then opened up the file to see what happened in these situations.
When we opened that file we could not believe our eyes. The property had sold for way over the debt. The $50,000 overage - aka surplus funds - had been sent to the clerk of the superior court. After some inquiries, we found out that this was the norm. Get this. As the deed holder, my investor and I were the rightful owners of this overage!

 

The deed had price us only a few thousand dollars. We were going to end up with over $45K just for owning the deed!
As you can imagine, this got us fairly fired up. We spent the next few weeks trying to get a list of all the surplus funds that the clerk had collected. After an incredible quantity of dead ends, we got our hands on the list. And it was a really big list.
And we found the loophole that would permit us to make way more than a mere finder makes.

 

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brokers price opinion


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charlotte nc homes
charlotte nc homes



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