What do real estate agents who list bank owned properties have to do? Lake Arrowhead

Hi this is Gray!!

Ok I look like I am resting. I am trying to look disinterested because Kele is on the phone. She just found out lots of information about listing Bank Owned homes. Guess what it is very expensive. Why? Well you have to pay to get the key from the home owner (sometime $500- really this means is they move out with there stuff and hand you a key), you need to pay for utilities, you need to pay for repairs , safety issues for sure, you need to pay to get cleaned up-paint-trash-yard-fix stuff!! And signs, lock boxes, open house food, flyers, lock boxes and sometimes to have people sit out your open house while you take buyers out. Ok, all of this money is put out front. If and only if you find a buyer and sell house do you get this money back in commission. And many of these home are little guys where you can put out more money than you make. Risky.

We are buyers agents for Bank Owned homes. We prefer to spend money on gas to show you great homes, technology to obtain information, so we can pass it on to you,quickly , advertising for our listings and play to balance our hard work.

So I (Gray) am laying here pretending not to listen to her on the phone. But this stuff is interesting and I never thought about it before. Makes gathering acorns and waiting for her to give me peanuts seem easy. Of course you don't have to complete with blue jays for peanuts but that makes life interesting!!Have a good day. your buddy Gray