3/24/2008
Lots going on. I've been running around like a chicken with my head cut off all day today. I managed to leave my purse at Starbucks AGAIN. Dammit. This time, it had my debit card and driver's license in it. Good times. This happened right after I drove out to take interior photos of an REO, and once I got there, realized I forgot my camera. Then I got lost on the way back, and then I almost ran out of gas. I really need to pull my head out of my ass, I think.
The deal that I am working with the other wholesaler looks like it has some title issues. Something about a divorce decree, and something not being recorded. So, now they have to find the ex-wife and have her sign off on something (sorry for the vague description, but I don't really understand it myself). If they can't find her, they'll have to do some sort of quiet title action which could take a month or so. Which I guess is a good thing since we still don't have an answer from the hard money lenders.
OK, so now for the good news..... When I came back from the gym this morning, I had a vm from the listing agent of one of the REOs that I've been after for the last 3 months. I submitted my last offer last week sometime, and she called to tell me they accepted it! No counter or anything, they just took my offer which was 15k less than list price (and it was just recently reduced). So, as I was driving out to get some interior photos (the ones I couldn't take because I forgot my camera), I made some phone calls about the property. Long story short, by the time I got done forgetting my camera, getting lost, almost running out of gas, and getting my purse stolen- I had the thing sold. No kidding. 5k over my contract price. I'm going to do a double close on this one, since I have never done a deal with this guy before, and I don't feel comfortable doing the quit claim thing. The listing agent sent the bank's addendum earlier today, which clearly states that if another offer comes in before it is ratified, then I am screwed. So, now it's a race to get this thing signed, back to the bank, and then signed by them, before another offer comes in.
Never a dull moment....
Lots going on. I've been running around like a chicken with my head cut off all day today. I managed to leave my purse at Starbucks AGAIN. Dammit. This time, it had my debit card and driver's license in it. Good times. This happened right after I drove out to take interior photos of an REO, and once I got there, realized I forgot my camera. Then I got lost on the way back, and then I almost ran out of gas. I really need to pull my head out of my ass, I think.
The deal that I am working with the other wholesaler looks like it has some title issues. Something about a divorce decree, and something not being recorded. So, now they have to find the ex-wife and have her sign off on something (sorry for the vague description, but I don't really understand it myself). If they can't find her, they'll have to do some sort of quiet title action which could take a month or so. Which I guess is a good thing since we still don't have an answer from the hard money lenders.
OK, so now for the good news..... When I came back from the gym this morning, I had a vm from the listing agent of one of the REOs that I've been after for the last 3 months. I submitted my last offer last week sometime, and she called to tell me they accepted it! No counter or anything, they just took my offer which was 15k less than list price (and it was just recently reduced). So, as I was driving out to get some interior photos (the ones I couldn't take because I forgot my camera), I made some phone calls about the property. Long story short, by the time I got done forgetting my camera, getting lost, almost running out of gas, and getting my purse stolen- I had the thing sold. No kidding. 5k over my contract price. I'm going to do a double close on this one, since I have never done a deal with this guy before, and I don't feel comfortable doing the quit claim thing. The listing agent sent the bank's addendum earlier today, which clearly states that if another offer comes in before it is ratified, then I am screwed. So, now it's a race to get this thing signed, back to the bank, and then signed by them, before another offer comes in.
Never a dull moment....
6 comments:
Ok, so, if replacing your purse, debit card, and the gas you spent totals more than $5K, you come out on top! ;-) Just kidding. I'm sorry to hear about your purse. You were just really focused on something else, clearly!
Hey Trisha-
Unfortunately, ths isn't the first time I've left my purse behind.
I'm a scatterbrain, for the most part.
Steph, you need a leash for your purse, like when we were kids, our moms knitted a long string to our mittens so they would stay with our winter jackets.
Congrats on the next deal! Still looking for my first MLS deal after 27 offers.....
Hey Tim,
Your ratios will get better as you go along. It took me 126 offers to get my first.
Just keep doing what you're doing. You'll get one if you hang in there.
Steph
hey Steph- what is your conversion ratio on MLS offers now?
Hi Chris,
Right now, I'm at 56 offers for the year, 3 deals closed, and 2 under contract.
Steph :)
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