We always tell our clients: location,location,location! Take a look at the following numbers:•Total Active Properties: 201,698•Total Agents: 622,462These numbers were in the summer agent newsletter from REOTrans sent on 08/22/09. Do the math. It's 3 agents for 1 property available in their system. And signing up with them is not a guarantee of business. Even though the REO inventory is drying up, there are still agents receiving a considerable number of assignments. The reason: network. These agents established a relationship with the asset managers and their company. If we want to grow and stay in business in this niche market after all these excessive REO inventory is gone, we have to network,network,network!
I would love to hear more tips from other agents about how to stay on top in this game! What are you agents doing to set yourself apart from all the others doing REO's?
Network and do exceptional with the ones your lucky enough to get now. Go the extra mile on every task. Give extra details, complete them early, don't worry about double ending them rather worry about getting them off the books quickly and as close to asking price as possible. Do your due diligence in regards to the true buying power of all offers submitted. And finally NETWORK.
Comments
Great points! And actually this would be a great blog. Things we can do to stay on top. See you at www.clubtsunami.net
Dan