Archive for April, 2008
Hard Money (Loan), Soft Brain (Lender)
(post by BT) Today’s call is from a hard money lender. Definition: hard money is a high-interest, short-term loan for an investment. Caller’s name: Moron! He foreclosed on someone and now has this property, a 6-family building he wants to sell FAST. He does not give exclusive listing, the usual “Just bring a buyer and [...]
30Apr2008 | | 0 comments | ContinuedSlimy Realtors Made It Hard for Other Brokers
(post by Dee) This song is getting old. Everywhere I go, people have negative opinions about Realtors. Resistance to use them. They are lazy, shady, and don’t earn their commissions. “What do they do? I can do all of it myself. They will do anything to get your business, and don’t service clients. They are [...]
28Apr2008 | | 1 comment | Continued
1-Stop (Shop) Super in NYC Apt Building
(post by BT) Do you live in a co-op or rental building in NYC? Is your superintendent (a.k.a. Super) a one-stop-shop for anything you need? If you need something fixed, ring him. Locked out of your place? Just call me. If you want to sell your place, no problem, he knows a Realtor. (Or: “I [...]
26Apr2008 | | 1 comment | ContinuedSell Property Quick, Throw in Your Girlfriend
(post by BT) Some people’s character comes out the first time you meet them… Met an investor who buys 2-family houses that need major rehab at basement prices, makes them look pretty, then sells a little bit below market value for a quick profit. First time I met him, he took me on a tour [...]
24Apr2008 | | 0 comments | ContinuedDiscrimination in Real Estate? Illegal Reasons to Reject Your Application
ATTENTION, TENANTS and BUYERS!
(post by Dee) There are laws designed to protect you from discrimination in real estate. Plus, Realtors have a code of ethics (not practiced, unfortunately, by many of them!!!) that they should follow so that you wouldn’t ever need to use law as your last resort. We encounter prejudice, racism and stupidity [...]
23Apr2008 | | 0 comments | Continued
Overpriced Property = Antidotum to Selling Real Estate
(post by BT) Ugh, AGENTS, STOP MISLEADING YOUR CLIENTS ON PRICING! I’ve had enough of this crap! This guy has a 2-family house worth about $650,000. His previous agent listed it at a whopping $925K!!! Two weeks later reduced it to $875. Naturally, the listing expired, never sold. That’s why I called him… I asked [...]
22Apr2008 | | 0 comments | Continued
Muscle Realtor
(post by BT) I got a call from an ex-client today. I rented one of her apartments several months ago. Before working with me, she had a misfortune to work with a rouge Realtor. He “forced” her to take a tenant without any credit or background check, and even take less rent than it was [...]
18Apr2008 | | 0 comments | Continued
Get Broker Tales by email