Comments on: DO REO BUYERS NOW HAVE MORE CONTROL? http://www.theJEMgroup.com/do-reo-buyers-now-have-more-control/ Bank-Owned / REO - Homes for Sale Palmdale Lancaster Rosamond CA Sat, 31 Oct 2009 02:59:58 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: James Malanowski http://www.theJEMgroup.com/do-reo-buyers-now-have-more-control/comment-page-1/#comment-43 James Malanowski Sat, 17 Oct 2009 23:19:18 +0000 http://www.TheJEMGroup.com/?p=364#comment-43 Stephen:<br><br>Yes, I'm all for small business, but your 2nd point doesn't mesh ... The buyers are paying less for the services as well. In my experience, the title insurance and escrow fees have been cut almost 50% in the last couple of years - at least with the escrow/title companies I've been dealing with. Also, many of the escrow companies my REO sellers have been using are small businesses.<br><br>I really don't think that the consumer has been harmed at all ... It's the escrow/title companies that have been hurt because we as agents don't have the choice of using the companies we want and it was them that are trying to make the case the the buyers are being hurt as a cover.<br><br>It's a rare case that a buyer cares what company is being used for title/escrow. Agents typically picked who they liked working with and now that the banks have their preferred companies it is the local service providers that are suffering. Stephen:

Yes, I'm all for small business, but your 2nd point doesn't mesh … The buyers are paying less for the services as well. In my experience, the title insurance and escrow fees have been cut almost 50% in the last couple of years – at least with the escrow/title companies I've been dealing with. Also, many of the escrow companies my REO sellers have been using are small businesses.

I really don't think that the consumer has been harmed at all … It's the escrow/title companies that have been hurt because we as agents don't have the choice of using the companies we want and it was them that are trying to make the case the the buyers are being hurt as a cover.

It's a rare case that a buyer cares what company is being used for title/escrow. Agents typically picked who they liked working with and now that the banks have their preferred companies it is the local service providers that are suffering.

]]> By: stephenbrunet http://www.theJEMgroup.com/do-reo-buyers-now-have-more-control/comment-page-1/#comment-42 stephenbrunet Sat, 17 Oct 2009 22:50:28 +0000 http://www.TheJEMGroup.com/?p=364#comment-42 FREEDOM OF CHOICE IS why small companies in CA employ half the workers and pricing remains competetive. I think that this will have little affect on the process and the consumer will still be at a disadvantage. The pricing may have been negotiated down for the banks but not the consumer. Relationship marketing is what Realestate has boiled down to, it is better to be competant and have a strong relationship with the other agent than any other factor.<br>A project in progress.<br>Stephen Brunet FREEDOM OF CHOICE IS why small companies in CA employ half the workers and pricing remains competetive. I think that this will have little affect on the process and the consumer will still be at a disadvantage. The pricing may have been negotiated down for the banks but not the consumer. Relationship marketing is what Realestate has boiled down to, it is better to be competant and have a strong relationship with the other agent than any other factor.
A project in progress.
Stephen Brunet

]]> By: James Malanowski http://www.theJEMgroup.com/do-reo-buyers-now-have-more-control/comment-page-1/#comment-38 James Malanowski Sat, 17 Oct 2009 17:19:18 +0000 http://www.TheJEMGroup.com/?p=364#comment-38 Stephen:<br><br>Yes, I'm all for small business, but your 2nd point doesn't mesh ... The buyers are paying less for the services as well. In my experience, the title insurance and escrow fees have been cut almost 50% in the last couple of years - at least with the escrow/title companies I've been dealing with. Also, many of the escrow companies my REO sellers have been using are small businesses.<br><br>I really don't think that the consumer has been harmed at all ... It's the escrow/title companies that have been hurt because we as agents don't have the choice of using the companies we want and it was them that are trying to make the case the the buyers are being hurt as a cover.<br><br>It's a rare case that a buyer cares what company is being used for title/escrow. Agents typically picked who they liked working with and now that the banks have their preferred companies it is the local service providers that are suffering. Stephen:

Yes, I'm all for small business, but your 2nd point doesn't mesh … The buyers are paying less for the services as well. In my experience, the title insurance and escrow fees have been cut almost 50% in the last couple of years – at least with the escrow/title companies I've been dealing with. Also, many of the escrow companies my REO sellers have been using are small businesses.

I really don't think that the consumer has been harmed at all … It's the escrow/title companies that have been hurt because we as agents don't have the choice of using the companies we want and it was them that are trying to make the case the the buyers are being hurt as a cover.

It's a rare case that a buyer cares what company is being used for title/escrow. Agents typically picked who they liked working with and now that the banks have their preferred companies it is the local service providers that are suffering.

]]> By: stephenbrunet http://www.theJEMgroup.com/do-reo-buyers-now-have-more-control/comment-page-1/#comment-37 stephenbrunet Sat, 17 Oct 2009 16:50:28 +0000 http://www.TheJEMGroup.com/?p=364#comment-37 FREEDOM OF CHOICE IS why small companies in CA employ half the workers and pricing remains competetive. I think that this will have little affect on the process and the consumer will still be at a disadvantage. The pricing may have been negotiated down for the banks but not the consumer. Relationship marketing is what Realestate has boiled down to, it is better to be competant and have a strong relationship with the other agent than any other factor.<br>A project in progress.<br>Stephen Brunet FREEDOM OF CHOICE IS why small companies in CA employ half the workers and pricing remains competetive. I think that this will have little affect on the process and the consumer will still be at a disadvantage. The pricing may have been negotiated down for the banks but not the consumer. Relationship marketing is what Realestate has boiled down to, it is better to be competant and have a strong relationship with the other agent than any other factor.
A project in progress.
Stephen Brunet

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