I have been blogging since last June about my process of rebuilding and the absolute necessity of having trust and faith to prevail in the worst of circumstances. After I recovered from my ankle surgery, I put 100% of my efforts to obtaining bank REO(real estate owned) listings. I talked about this in this post. The reason I put all my efforts into this was because an economist at an REO convention that I attended in October said that if I was not working REO, I should get out of the business.
That statement was very direct but in a way, true. The fact of the matter is that it is the foreclosure listings that are selling because they are the best priced ones. Sure there are cash buyers for multimillion dollar properties that are not foreclosures, but that is the minority. I have put my best effort with all the new certifications needed. I am positioned and confident enough to be a great REO realtor combined with my 24 years of experience as a real estate broker in Miami.
However, it is a very tough business to get into. I have done my best effort and in the last two weeks amped up more effort into getting my broker package out there. But the business is not coming in like a flood. The bank assignments I am doing are worthwhile, but they do not pay all my bills. It didn’t help either that a Fannie Mae executive who came to talk at the realtor association, said to me that his wife is a realtor and even he has a hard time connecting her in this business. (more…)
I created this site with a lot of love and nurturing with my sister, Maria. We are collaborating as a team and are in the process of creating some great programs. We both are working in our individual “day” jobs, have kids and many obligations. To not cause stress to each other and our families, we are allowing this site to flow organically and in harmony.