Comments on: Like a Trojan http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html Turn On Thu, 09 Feb 2012 05:21:21 +0000 hourly 1 http://wordpress.org/?v= By: Sam http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html/comment-page-1#comment-2720 Sam Mon, 19 Jan 2009 06:06:19 +0000 http://wp.1000wattconsulting.com/2008/05/like-trojan-its.html#comment-2720 <p>Very Nice Post. Yep it is nail in the head. We should know the client requirements.</p> <p>MLS listings</p> Very Nice Post. Yep it is nail in the head. We should know the client requirements.

MLS listings

]]> By: Rick http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html/comment-page-1#comment-2719 Rick Mon, 15 Dec 2008 17:28:46 +0000 http://wp.1000wattconsulting.com/2008/05/like-trojan-its.html#comment-2719 <p>There are so many sources and instances of bad news right now in the real estate market. Did anyone see 60 minutes last night? They mentioned alt-a and option arms mortgages that are going to take affect in a second wave of write-downs and defaults. Not good.</p> There are so many sources and instances of bad news right now in the real estate market. Did anyone see 60 minutes last night? They mentioned alt-a and option arms mortgages that are going to take affect in a second wave of write-downs and defaults. Not good.

]]> By: Rich Rogala http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html/comment-page-1#comment-2718 Rich Rogala Sun, 18 May 2008 13:11:12 +0000 http://wp.1000wattconsulting.com/2008/05/like-trojan-its.html#comment-2718 <p>Excellent point. We need to provide information and services to give our clients what they need, whatever that may be. A great example of service that's 110%.</p> Excellent point. We need to provide information and services to give our clients what they need, whatever that may be. A great example of service that's 110%.

]]> By: Sean OToole http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html/comment-page-1#comment-2717 Sean OToole Sat, 17 May 2008 16:44:44 +0000 http://wp.1000wattconsulting.com/2008/05/like-trojan-its.html#comment-2717 <p>Couldn't agree more, I think the challenge lies in making choices between the short and long term.</p> <p>This industry has repeatedly supported - strike that - pushed hard for the short term view.</p> <p>Congresses passing of the $250k/$500k capital gains exclusion helped create this foreclosure mess by encouraging folks to use homes for speculation rather than shelter that was paid off by retirement. Good for the "economy" as it created lots of transactions increasing GDP, good for Realtors and lenders - but without question as should now be plain to see it is at the expense of homeowners.</p> <p>I'm now hearing reports of strong sales in quite a few areas... do you know what the most popular loan product is? A 5/1 interest only ARM, again putting folks in homes they can't traditionally afford and putting the return of a strong housing market at further risk for years.</p> <p>Helping consumers make the right decision now, may take the courage to tell them to rent, or to walk away from a home you sold them. I'm not saying no one should buy - I personally think if you find a home you love, plan to stay in for a while, and can afford, there is NO bad time to buy. As an investor I'd say the same about properties that cash flow at a reasonable cap rate.</p> <p>The point is that the best advice may not mean a commission today. That is an especially hard sacrifice to make when things are already slow. But I do believe in the long term it would give this industry the professional respect is desires.</p> <p>Best,<br /> Sean O'Toole<br /> ForeclosureTruth.com<br /> ForeclosureRadar.com</p> Couldn't agree more, I think the challenge lies in making choices between the short and long term.

This industry has repeatedly supported – strike that – pushed hard for the short term view.

Congresses passing of the $250k/$500k capital gains exclusion helped create this foreclosure mess by encouraging folks to use homes for speculation rather than shelter that was paid off by retirement. Good for the "economy" as it created lots of transactions increasing GDP, good for Realtors and lenders – but without question as should now be plain to see it is at the expense of homeowners.

I'm now hearing reports of strong sales in quite a few areas… do you know what the most popular loan product is? A 5/1 interest only ARM, again putting folks in homes they can't traditionally afford and putting the return of a strong housing market at further risk for years.

Helping consumers make the right decision now, may take the courage to tell them to rent, or to walk away from a home you sold them. I'm not saying no one should buy – I personally think if you find a home you love, plan to stay in for a while, and can afford, there is NO bad time to buy. As an investor I'd say the same about properties that cash flow at a reasonable cap rate.

The point is that the best advice may not mean a commission today. That is an especially hard sacrifice to make when things are already slow. But I do believe in the long term it would give this industry the professional respect is desires.

Best,
Sean O'Toole
ForeclosureTruth.com
ForeclosureRadar.com

]]> By: Kevin Boer http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html/comment-page-1#comment-2716 Kevin Boer Fri, 16 May 2008 16:35:34 +0000 http://wp.1000wattconsulting.com/2008/05/like-trojan-its.html#comment-2716 <p>You hit the nail on the head. Consumer education is what it's all about. I have a scant four articles on my blog about foreclosures and short sales, but they represent easily 3% of my search traffic -- clear sign that there's a hunger out there for a better understanding of this market.</p> You hit the nail on the head. Consumer education is what it's all about. I have a scant four articles on my blog about foreclosures and short sales, but they represent easily 3% of my search traffic — clear sign that there's a hunger out there for a better understanding of this market.

]]> By: Mike Mueller http://1000wattconsulting.com/blog/2008/05/like-trojan-its.html/comment-page-1#comment-2715 Mike Mueller Fri, 16 May 2008 11:05:06 +0000 http://wp.1000wattconsulting.com/2008/05/like-trojan-its.html#comment-2715 <p>Marc - That's a heavy burden to put on a Brokerage, but that's also how we felt.</p> <p>We started a short sale negotiation division because we saw that nobody was looking out for the homeowner. Now we work only for Listing Agents that have their past clients best interest at heart.</p> <p>I'm with you!</p> Marc – That's a heavy burden to put on a Brokerage, but that's also how we felt.

We started a short sale negotiation division because we saw that nobody was looking out for the homeowner. Now we work only for Listing Agents that have their past clients best interest at heart.

I'm with you!

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