Comments on: You Can’t Handle The Truth, But I Can

By: PDX

PDX — Sun, 01 Jun 2008 09:46:19 +0000

ultimately it is up to the people to make that choice. You wouldn’t be doing your job if you turned everybody down. People need to have some common since.

By: Jacksonville Real Estate

Jacksonville Real Estate — Sat, 15 Mar 2008 16:02:47 +0000

“And if I wouldn’t put my Mom in this house, why would I put your family in that house?”

I had many clients ask me during the seller’s market “Shouldn’t I invest in this new construction condo?”

I advised them that the investment they were considering didn’t make sense because the rent they would receive couldn’t cover the mortgage payments and that when they went to sell they would be competing with all the other investors who bought. It wasn’t the sure thing their friend told them about.

Well I lost some sales, but today the clients who listened to me are referring me their friends and families because they know I tell it like it is.

By: Eric Bouler

Eric Bouler — Fri, 14 Mar 2008 01:54:37 +0000

This type of behavior did not happen everywhere. However every area is going to pay for it. I did one sub-prime loan in the last 200 transactions, rarely did arms or any of the fancy things. Everyone gets lumped into the bubble markets and its not a true picture of America. New Orleans is conservative when it comes to money and real estate, its extremely poor when compared to other areas so there may have been fewer targets. Maybe we were just too small or backward to worry about.

Many times the whole family is involved in the transaction and the parents tend to guide the younger buyers inot a conservative. It is a common thread in many of my sales. Local lenders tend to rule the market that I work. Having the experience of Katrina do not expect government to come up with a thoughtful answer. Another view. Seems like we just had the Savings and Loan Crisis.

By: Toby & Saide

Toby & Saide — Thu, 13 Mar 2008 02:41:13 +0000

@Blue Ridge — Maybe I’m anal, maybe I just work with my clients a little different. However, I “know” how strong my clients are as buyers.

I don’t care who they use to have their mortgages done, but that mortgage provider will know who I am and I’m going to pressure them. Sure there are some that will lie through their teeth to me, but they make the decision, I don’t.

I’ve been at the closing table when one of my buyer’s threatened to walk and throw the deal away over $35 and it was made right. I’ve also been at the closing table representing the sellers when the buyer “thought” he was getting terms “a and b” and were told it was “c and d” and his agent said “don’t worry about that.”

Right there at that moment, the agent became very responsible in this transaction..

By: Cyndee Haydon

Cyndee Haydon — Wed, 12 Mar 2008 18:45:34 +0000

Toby – that’s a classic line that resonates with us all – loved it! Looking forward to reading more from you – I think I can handle you’re truths – we’ll see

By: Ines

Ines — Wed, 12 Mar 2008 15:29:07 +0000

“you want the truth????? you can’t candle the truth!!” – one of my favorite lines EVER!!

Education – it’s all about education. We have a responsibility to educate our customers and not assume that they know what they are doing just because they’ve done it before. We do treat all our customer’s like family and I always put myself in their shoes and help them analyze objectively.

Welcome to the Genius!

By: Matt Scoggins

Matt Scoggins — Wed, 12 Mar 2008 15:27:53 +0000

Treating all your clients like family makes it really easy to do the right thing.

By: toby & sadie

toby & sadie — Wed, 12 Mar 2008 12:46:09 +0000

I have been amazed by the lack of concern for the end-user. I have two potential future sellers that purchased my listings. How? Because I followed up with them after the close to see if they needed anything. Crazy thought, I know.

By: Blue Ridge Georgia Land For Sale

Blue Ridge Georgia Land For Sale — Wed, 12 Mar 2008 11:19:37 +0000

When someone comes to a realtor they really don’t share financial information that is done with the lender. I could see some builders want to know the financial info but usually so they can use there inhouse lender. As far as the america public we voted our officials into office and they were your choice that is the democratic process. I agree all others hold a part in this lending crisis.

I agree the are many areas not hit by this lending crisis and I think in part due to economic growth is good in that area and lenders have acted in a responsible way. As may ARM are due to set soon we can only hope phase two goes smoother.

By: Matthew Rathbun

Matthew Rathbun — Wed, 12 Mar 2008 10:59:16 +0000

You’re right… it took all the villagers to set the village on fire. Now, we’re all looking at each other, as if to say “now what do we do about it”. Some are running and getting buckets of water and others are just running….