"Because I have buyers ready to make offers on your property today!"
That's the answer to the question that I always get:
"Valarie, how do you have to such success at getting your short sales completed?"
Networking is the key to success in this industry!
One of the main reasons that I have such great success with my clients who need short sales is because of the networking and business relationships that I have formed.
In order to be a successful agent or investor, you must build your data base of buyers, sellers, investors, lenders and title companies. They all support and feed one another. So how do you do this and why?
Buyers and Sellers
Buyers and Sellers are everywhere! You should be letting everyone that you meet know what you are doing. Many people talk to people all day long and don't mention what they have to offer. "How can people provide you with business if they don't know that you are in business?" It is very important to build a buyer and a seller list.
Investors
Investors are the best! They will buy the properties that nobody else wants. Investors have "vision" that the normal buyer just doesn't have. You should be attending real estate investing meetings such as DMV REIA to increase your presence in this somewhat closed society. Once you start attending and and becoming more familiar with the investors, you will find that investors can be an awesome resource.
Lenders
You should seek out relationships with different lenders. You would be surprised at the differences between them. Never count on just one. Lenders are a great source for referrals! When you send your lender client leads, a good lender will return the favor. Many lenders are open to co-marketing as well if you agree to give them the business that comes from the joint business venture.
Title Companies
Title companies are a little harder to build relationships with but this is a must, especially if you do short sales. They can provide your preliminary HUD statements for you. This is very valuable when you are on a timeline for a deal. Just make sure that you return the favor by letting them complete the closing for doing all that free work for you.
As you can see, I make sure that everyone benefits from working with me. If you are only concerned with your success, you will not have much business or success for very long. Always ask yourself "How can I form a partnership with a client or business to ensure that they will benefit more than I will?" If you keep that question first, your business and support system will be overflowing.
Go create some lasting networks!
Valarie Jacobs
"The Real Estate Physician"
Visit My Webpage
301-476-8005 office
202-528-4761 cell
Friday, October 30, 2009
Thursday, October 29, 2009
What is the best way to protect myself if I'm buying property with another person?" Valarie Jacobs, MD DC VA Real Estate
"What is the best way to protect myself if I'm buying property with another person?"
There are a number of different options for taking title to a property. When one or more people purchase a home it is called "concurrent ownership interest" . Each person has interest in the "entire" property.
The three forms of concurrent ownership:
1. Joint Tenants
2. Tenants in Common
3. Tenants by the Entirety
JOINT TENANTS
Joint tenancy is when two or more people own an entire undivided piece of property. Joint Tenancy has a "Right of Survivorship". This means that if one on the owners dies the other owner continues to have an undivided ownership interest in the home. If there is more than one co-owner, then the remaining owners continue to have an undivided interest in the property until only one owner remains. The last remaining owner gains full ownership of the property.
TENANTS IN COMMON
Tenants in common is when two or more people own property and there is no Right of Survivorship. Each owner has a specific interest in the property. This interest in the property can be transferred by inheritance and this interest can also be sought after by creditors. Each owner has equal share of the entire property.
TENANTS BY THE ENTIRETY
Tenants by the entirety can only be held by husband and wife owners. It is very similar to Joint Tenancy with Right of Survivorship. Neither husband nor wife can sever ownership in the property without the others consent, so neither can sell any part of the property without the consent of the other. Creditors are also banded from coming after any interest in the property. Co-ownership in property can only be cancelled by death of either spouse, divorce or mutual agreement.
Knowing the different methods of taking title to property, can serve to be very valuable when purchasing real estate. This should help you make a wise decision when purchasing your property.
"Feel free to call if you have any questions or concerns regarding real estate. I love helping!"
Valarie Jacobs
"The Real Estate Physician"
Visit My Website
301-476-8005 offfice
202-528-4761 cell
There are a number of different options for taking title to a property. When one or more people purchase a home it is called "concurrent ownership interest" . Each person has interest in the "entire" property.
The three forms of concurrent ownership:
1. Joint Tenants
2. Tenants in Common
3. Tenants by the Entirety
JOINT TENANTS
Joint tenancy is when two or more people own an entire undivided piece of property. Joint Tenancy has a "Right of Survivorship". This means that if one on the owners dies the other owner continues to have an undivided ownership interest in the home. If there is more than one co-owner, then the remaining owners continue to have an undivided interest in the property until only one owner remains. The last remaining owner gains full ownership of the property.
TENANTS IN COMMON
Tenants in common is when two or more people own property and there is no Right of Survivorship. Each owner has a specific interest in the property. This interest in the property can be transferred by inheritance and this interest can also be sought after by creditors. Each owner has equal share of the entire property.
TENANTS BY THE ENTIRETY
Tenants by the entirety can only be held by husband and wife owners. It is very similar to Joint Tenancy with Right of Survivorship. Neither husband nor wife can sever ownership in the property without the others consent, so neither can sell any part of the property without the consent of the other. Creditors are also banded from coming after any interest in the property. Co-ownership in property can only be cancelled by death of either spouse, divorce or mutual agreement.
Knowing the different methods of taking title to property, can serve to be very valuable when purchasing real estate. This should help you make a wise decision when purchasing your property.
"Feel free to call if you have any questions or concerns regarding real estate. I love helping!"
Valarie Jacobs
"The Real Estate Physician"
Visit My Website
301-476-8005 offfice
202-528-4761 cell
Tuesday, October 27, 2009
DC MD and VA Realtors and Real Estate Investors Come Together!
DMV REIA Blanket Drive for the Homeless
Saturday, November 7th
Hilton Garden Inn
9:00am
Saturday, November 7th
Hilton Garden Inn
9:00am
Thursday, October 22, 2009
Apple Application Every Parent Should Have - "Texting Codes Finally Exposed"
Parents, I have put together an Apple Application just for you!
Text messaging code and shorthand slang is a kind of "foreign language" that many people today need to know in order to keep up to date, understand instant messages, emails, online chats, and to keep children safe online and on their cell phones.
In the past couple of years, kids' and teens are incorporating these letter-sentences and words into their speech (sometimes referred to as kidspeak). This text code jargon is even appearing in school papers and becoming a challenge to teachers and parents.
This Apple application is an advanced guide to shorthand terms used in cell phones, (IM) instant text messages, chat rooms, email, on online gaming, and on discussion boards.
I know this is far removed from real estate but we are parents first...don't be left in the dark!
The name of my Apple Application is "Secret Texting Codes Finally Exposed"
Check it out and let's stay aware of what's going on in the lives of our children.
Valarie Jacobs
Text messaging code and shorthand slang is a kind of "foreign language" that many people today need to know in order to keep up to date, understand instant messages, emails, online chats, and to keep children safe online and on their cell phones.
In the past couple of years, kids' and teens are incorporating these letter-sentences and words into their speech (sometimes referred to as kidspeak). This text code jargon is even appearing in school papers and becoming a challenge to teachers and parents.
This Apple application is an advanced guide to shorthand terms used in cell phones, (IM) instant text messages, chat rooms, email, on online gaming, and on discussion boards.
I know this is far removed from real estate but we are parents first...don't be left in the dark!
The name of my Apple Application is "Secret Texting Codes Finally Exposed"
Check it out and let's stay aware of what's going on in the lives of our children.
Valarie Jacobs
DC MD VA Real Estate Investors and Agents Blanket Drive For Homeless Youth!
We are so excited the success of DMV REIA and it's members! The amount of information that is going to be shared with you is overwhelming. We have set funding, training, construction, rehab, inspection and property management partnerships to ensure that you receive priority services.
DMV REIA takes our motto "Where Investors work together for the success of us ALL!" to heart.
It is now the time of year where we all come together not just for the success of ourselves but for the benefit of everyone.
We have adopted the Covenant House. Every year, children and youth living in the District of Columbia and surrounding areas face challenges no young person should have to endure. They are homeless, living in poverty, lacking adequate healthcare and victims of violence.
Covenant House Washington was established in May 1995 to address widespread problems of homelessness and poverty among teenagers and young adults. With an open intake philosophy, CHW readily embraces those youth who take the first step to change their lives. No youth in crisis is ever turned away.
Hypothermia season is the time of year when the temperature is likely to drop below freezing levels. Hypothermia is a life-threatening condition occurring when a person's body temperature goes below 95 degrees due to exposure to cold and wet conditions. Hypothermia season last until March 31st. Every year the Covenant House host a Blanket Drive. Their goal this year is to collect 400 blanket.
When we heard about the lack of support for homeless youth, we knew our members would help. DMV REIA is going to have a Blanket Drive at the November 7th meeting. We will be collecting new and gently used blankets. You can support this effort by bringing a blanket, simply spreading the word about this effort or reposting this to your facebook page.
As usual, we appreciate you and all of your support. Please forward this message to your contacts so that we can help fight hypothermia for our area homeless youth.
Meeting:
Hilton Garden Inn
7810 Walker Dr., Greenbelt., MD 20770
9:00am to noon
RSVP at http://www.dmvreia.com
WE WILL STILL EDUCATION,TRAINING and NETWORKING!
SPEAKERS:
Jeff Levin, Specialty Lending Group
Learn how to acquire hard money lending for up to $7,500,000 for your real estate deals. Specialty Lending Group specializes in lending for fast closings and has helped hundreds of investors find solutions to the special investor needs! He will also share tips the make this sometimes difficult process run smoothly.
Don't miss the opportunity to speak directly with the person who makes the final decisions for these deals. As you know, this can sometimes make all the difference!
Barrett Matthews, Real Property Solutions
Learn how to protect yourself on your insurance policies when dealing with tenants or a a homeowner yourself.
Learn who to contact and what to do before contacting the insurance company to make a claim.
What are the insurance mythes and lies that make your protection cloudy?
Speak with and ask questions directly to Barrett Matthews, Public Adjuster, before speaking with your insurance company!@
We hope to see all of you at this event. Prizes and raffles will given out during the throughout the day.
See Ya there!
Valarie Jacobs and Dante Mayo
DMV REIA Presidents
DMV REIA
"Where Investors Work Together For The Success of Us ALL!"
RSVP at http://www.dmvreia.com
DMV REIA Mission
1. To be the premier networking organization for real estate professionals in DC, Maryland Virginia and surrounding areas.
2. To provide a forum for the exchange of the most relevant and timely investment ideas and knowledge.
3. To foster the creation of capital formation in all areas of real estate investment.
DMV REIA takes our motto "Where Investors work together for the success of us ALL!" to heart.
It is now the time of year where we all come together not just for the success of ourselves but for the benefit of everyone.
We have adopted the Covenant House. Every year, children and youth living in the District of Columbia and surrounding areas face challenges no young person should have to endure. They are homeless, living in poverty, lacking adequate healthcare and victims of violence.
Covenant House Washington was established in May 1995 to address widespread problems of homelessness and poverty among teenagers and young adults. With an open intake philosophy, CHW readily embraces those youth who take the first step to change their lives. No youth in crisis is ever turned away.
Hypothermia season is the time of year when the temperature is likely to drop below freezing levels. Hypothermia is a life-threatening condition occurring when a person's body temperature goes below 95 degrees due to exposure to cold and wet conditions. Hypothermia season last until March 31st. Every year the Covenant House host a Blanket Drive. Their goal this year is to collect 400 blanket.
When we heard about the lack of support for homeless youth, we knew our members would help. DMV REIA is going to have a Blanket Drive at the November 7th meeting. We will be collecting new and gently used blankets. You can support this effort by bringing a blanket, simply spreading the word about this effort or reposting this to your facebook page.
As usual, we appreciate you and all of your support. Please forward this message to your contacts so that we can help fight hypothermia for our area homeless youth.
Meeting:
Hilton Garden Inn
7810 Walker Dr., Greenbelt., MD 20770
9:00am to noon
RSVP at http://www.dmvreia.com
WE WILL STILL EDUCATION,TRAINING and NETWORKING!
SPEAKERS:
Jeff Levin, Specialty Lending Group
Learn how to acquire hard money lending for up to $7,500,000 for your real estate deals. Specialty Lending Group specializes in lending for fast closings and has helped hundreds of investors find solutions to the special investor needs! He will also share tips the make this sometimes difficult process run smoothly.
Don't miss the opportunity to speak directly with the person who makes the final decisions for these deals. As you know, this can sometimes make all the difference!
Barrett Matthews, Real Property Solutions
Learn how to protect yourself on your insurance policies when dealing with tenants or a a homeowner yourself.
Learn who to contact and what to do before contacting the insurance company to make a claim.
What are the insurance mythes and lies that make your protection cloudy?
Speak with and ask questions directly to Barrett Matthews, Public Adjuster, before speaking with your insurance company!@
We hope to see all of you at this event. Prizes and raffles will given out during the throughout the day.
See Ya there!
Valarie Jacobs and Dante Mayo
DMV REIA Presidents
DMV REIA
"Where Investors Work Together For The Success of Us ALL!"
RSVP at http://www.dmvreia.com
DMV REIA Mission
1. To be the premier networking organization for real estate professionals in DC, Maryland Virginia and surrounding areas.
2. To provide a forum for the exchange of the most relevant and timely investment ideas and knowledge.
3. To foster the creation of capital formation in all areas of real estate investment.
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Valarie Jacobs
