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I already pointed this out in a response to Scott, but
I will put it here, too, since you do not read things
any better than he does.
One statistic was about the ONE client I have had who was
turned down for a mortgage because he was downsized out
of a job. That's out of all of my former buyer clients,
which total somewhere a bit above 375.
The other stat had to do with the fact that out of all
of the clients I contract with each year, which ranges
between twenty and thirty, around ONE does not get a home,
because what they want in a home does not exist in the
marketplace, so we agree to stop looking.
This has nothing to do with financing, as all of my clients
are preapproved and serious. It has to do with the market
just not having what they want.
What I'm trying to say with the second statistic is that
I do not waste my time. Most licensees, including casual
buyer agents, will haul buyers around willy nilly, hoping
to get lucky. I don't work in that fashion.
Are you guys starting to understand that they're two
different concepts? Cause if not, I can start talking
very s-l-o-w-l-y again.
http://www.real-reform.org/pcnonebas.pdf
Jay Reifert -- Fitchburg/Madison ****** http://www.real-reform.org
http://profiles.yahoo.com/jay_reifert** http://www.true-agent.com
http://www.madison-real-estate.com
mailto:true-agents@12345true-agent.com <-----------Remember to
remove the numbers from
the email address before
hitting send.
Steve Horrillo wrote:
> On 4-Apr-2006, "$cott" <ezmortgageloanz@aol.com> wrote:
>
>>> Long story short, on better than 375 buyer side transactions,
>>> I've only had ONE client get turned down for financing,
>>> and that was because he was downsized out of his job, just
>>> prior to closing. Given that fact, my success rate is really
>>> the equivalent of a one hundred percent, as no one would
>>> have been able to--reasonably--give that client a loan.
>>
>> RESPONSE: If you had more then 20 lenders (and have been involved in
>> financing for 18 years) then you should be well aware that there is a
>> loan program for the unemployed (no income/no job). 100% huh? If
>> you send me one of your clients and I do not better your offer by
>> $400, I'll pay your client $300 towards your "invisible" closing
>> costs. The sad thing is some of the readers of this post will
>> actually be naive enough to believe you.
>>>
>>> You see, I do not work with anything but preapproved, sincere
>>> buyer clients. I've an interview process that allows me
>>> to judge that and, of course, we know what they can do
>>> financially speaking. (Don't forget...I am the buyer's agent,
>>> and all of that information remains strictly confidential,
>>> as that is part of my fiduciary duty to the client.)
>>
>> RESPONSE: I supply preapproved buyers to my partners too (I do
>> everything but the appraisal; well you know the VOD, VOR, VOE, VOD,
>> etc.)
>>>
>>> Most LISTING agents would kill for my success ratio. Most
>>> licensees who work with, or for, buyers can't even begin
>>> to comprehend how to create success in buyer agency, let
>>> alone success of the nature that I've.
>>
>> RESPONSE: I'd marry your sister for that type of success ratio.
>> Are you the Amazing Kreskin or Jay Abraham?
>>>
>>> But, here's the good news for someone like you. I am not the
>>> only exclusive buyer agent in the world. There are about
>>> two thousand of us. We all take our time spent with buyers
>>> very seriously. While I doubt that many can claim to have
>>> the closing ratio that I do, as of the 20 to 30 clients
>>> I've each year only about one--if that many--does not get
>>> a home, they still have much better ratios than your garden
>>> variety licensee.
>>
>> RESPONSE: Thanks; I knew that. "...as of the 20 to 30 clients I
>> have each year only about one-if that many-does not get a home....".
>> So have you ever had a year when a 1/2 or 1/4 of person hasn't
>> gotten a home? That's doesn't make much sense silly rabbit.
>
> In the same post he said he had one turndown out of 375, then in the
> same breath he said one out of 20-30 do not get a home. something's
> wrong with the picture. He's not even a good liar.
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Re: ATT Real Estate Agents... What do you want in a mortgage broker?
