| You may be aware of the many bank owned homes | | | | Buyers agents cannot get a hold of these agents, they |
| on the market today, especially in areas like Arizona, | | | | are too busy to take calls or return emails. The homes |
| Nevada, Florida and California. What you may not | | | | are not being maintained as they are supposed to be |
| know and what is getting to be very frustrating to | | | | by the list agent as well as they homes are becoming |
| many good full time agents who work hard in this | | | | eye sores in the neighborhoods that they are sitting in. |
| business is that the listing of these homes is very | | | | If our economy is in such bad shape then why are we |
| limited. There are literally thousands of bank owned | | | | making a few people rich by giving them all of the |
| homes hitting the market every month. | | | | foreclosed homes rather than spreading it out so that |
| Asset managers which are pretty much in control of | | | | thousands of families would be making a living and out |
| who these homes are listed by are sending hundreds | | | | spending money which in turn would create more |
| of homes each month to the same handful of agents | | | | business and jobs. If more people were making a |
| across the country. We currently have about one | | | | portion of the money rather than creating a few rich |
| hundred and fifty thousand qualified agents in the | | | | people then let us think about what might then happen. |
| country which only means agents that are full time and | | | | One hundred and fifty thousand families would be |
| have done a certain amount of business already to | | | | getting about four to five closings per month rather |
| know what they are doing. How many of them are | | | | than a few getting literally hundreds. More agents |
| being used to list the bank owned home. The answer | | | | making money, more people feeding their families, |
| is very few, in fact, only about fifteen hundred of them | | | | buying goods, cars and hanging on to their own homes |
| are getting all of the listings. | | | | and therefore helping the entire economy. If the |
| Agents are seeing up to a hundred or more listings | | | | economy is stimulated a little in this way it simply keeps |
| each and every month while many good qualified | | | | rolling. More spending which is creates more jobs for |
| agents cannot get their hands on one of them | | | | more people which in turn will create more spending. |
| because asset managers are giving them to the | | | | Since trying to get the people making these decisions |
| agents they decide to give them to and have long ago | | | | would be a huge task the best thing we can do as |
| shut down the list of allowing additional agents to get | | | | individuals is to be sure when buying a bank owned |
| listings. | | | | home you find your own realtor and not buy from the |
| Several problems are occurring because of this and | | | | list agent which will only make them more money and |
| one being that agents are slammed with homes and | | | | keeping the wealth in limited pockets. |
| they are not able to handle the work load properly. | | | | |