Northwest Florida Realtor: September 2010

I received a call from a builder this week one which is a larger builder in our area. Adams homes called me and said yes Brandon Jordan "I had just talked to ECAR about you being notified you can not use the picture you have listed on the listing Chinese Drywall Speical you have listed". The Adams home rep stated they were calling me to verify that I was warned by my local MLS board. I stated yes I was asked to take down the picture as it was for the wrong subdivision. I made our local MLS board aware that this was in fact the correct picture for the correct subdivision. I was told by Adams homes I had to take the picture down I told them I would not be taking it down as it is the correct one.

My question is why would a builder care if you had a picture of a sudivision sign for a home that is in that subdivision, it did not say the name Adams homes on the sign even though it is an Adams homes subdivision that has a documented case of Chinese Drywall,a fellow Realtor in my office had lived in the home for the last two years as it was the family's home for the last two years.

Adams Homes if you are reading this post which I know that you are as you have commented about it.

Know this that scare tactics of saying you will have to pursue this issue will not work on me I say go for it,  I would like to see more attention to this issue in our local media.

My associates family is part of a class action suit already as a result of the home you built at

302 SHIELD DRIVE Crestview,FL that has been lab tested and confirmed to have Chinese Drywall.

You may have seen previous post on this topic>

Chinese Drywall

 chinese drywall attorney alliance: Chinese Drywall Attorney Alliance

 chinese drywall update: Chinese Drywall update

 chinese drywall special: Chinese drywall special

The home is still available as-is for sale and is reduced in price again this week. The listing is updated with a few remarks below.

CHINESE DRYWALL SPECIAL!Built by Adams homes.There is a documented case of Chiense drywall with this home. This is a great deal and we encourage any and all offers to be submitted.Replacement cost buyer is encouraged to contact a licensed contractor for the drywall and any and all other information buyer is wanting to verify, it is expected to be done by buyer before signing a contract.This is a VA compromised sale.

If you are in the area you may have seen the signs out for this property to go to auction next month. You may have not know that you can present an offer on this home right now. If you have been looking for an affordable payment give me a call today to take a look at this home.

Fannie Mae property.Previous owner over improved for neighborhood and now that can be buyers gain....You walk into a large greatroom with pretty wood grain vinyl, stone fireplace with built in cabinets on either side, then sliding glass doors lead to the awesome screen enclosed pool, and outside shower all privacy fence enclosed for your private tropical haven. The kitchen has numerous cabinets, pantry, island with Jenn Air cooktop and grill. There's a nice black side by side refrigerator, dishwasher and oven. The master has separate shower and garden tub, double vanity. Off the kitchen is a small screened in porch just in case you like to have your morning coffee outside. Next we get to the 30 x 30 two car garage and workshop with pull down stairs for extra storage, window air unit, and electricity. There is also another shop with electricity, window air unit, carpeting and outdoor dust to dawn light. This all sits on two lots for .57 acres. You will be amazed at everything you get for this small price!!

Gorgeous level .60 acre Lot with some nice trees to make this lot private and secluded, but only 5 minutes to town. Not too far from a paved road on good dirt road and really priced to move.Great investment or wonderful place to live.

THIS IS IT!This is a Fannie Mae REO HomePath property. o Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. o This property is approved for HomePath Renovation Mortgage Financing. Great chance to buy at an affordable price 3/2 BRICK HOME IN A CHARMING CUL-DE-SAC. This property has a large back yard with mature trees with inground pool, deck, palm trees, privacy fence with drive and walk thru gates, oversized garage, ceramic tile floors and much more. Located off convenient Hamilton Bridge. You will definitely want to see this home. Priced to move. Call today to schedule your appointment. This property is scheduled to auction in September. For property inquiries or offers, please call 1-800-801-8003 or view more information at www.williamsauction.com.

Agent Notes: This property is scheduled to auction in September. For property inquiries or offers, please call 1-800-801-8003 or via Email: Customerservice@williamsauction.com. All agents are required to register their buyers at www.williamsauction.com 24 hours prior to the auction start - must attend auction with their buyer, unless purchased on-line & will earn a 1% (minimum of $400) co-broke fee at closing. There is no limit to the number of buyers that can be registered

I had a few visitors today at the open house I held for the Williams and Williams auction that is this Tuesday. There is going to be another open house/inspection time 2 hours before the auction on Tuesday the 28th of Sept. 2010.

THIS IS IT!This is a Fannie Mae REO HomePath property. o Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. o This property is approved for HomePath Renovation Mortgage Financing. Great chance to buy at an affordable price 3/2 BRICK HOME IN A CHARMING CUL-DE-SAC. This property has a large back yard with mature trees with inground pool, deck, palm trees, privacy fence with drive and walk thru gates, oversized garage, ceramic tile floors and much more. Located off convenient Hamilton Bridge. You will definitely want to see this home. Priced to move. Call today to schedule your appointment. This property is scheduled to auction in September. For property inquiries or offers, please call 1-800-801-8003 or view more information at www.williamsauction.com.

Agent Notes: This property is scheduled to auction in September. For property inquiries or offers, please call 1-800-801-8003 or via Email: Customerservice@williamsauction.com. All agents are required to register their buyers at www.williamsauction.com 24 hours prior to the auction start - must attend auction with their buyer, unless purchased on-line & will earn a 1% (minimum of $400) co-broke fee at closing. There is no limit to the number of buyers that can be registered.

Listing Information

Subdivision: Not available

Description:

Commercial/Industrial with 80` feet of Main Rd Frontage into the Industrial Park. All engineering & permitting in place,previous DO completed, set up for 7 commercial buildings with plenty of parking. Copy of plans in office.

Photos

I recently had an auction go through www.Realtybid.com the first time I have worked with them.

This is my review.

You need to know going in with them that if you have any question just save yourself some time and email them.

I had called six or seven times and never received anyone taking my call. You are able to leave a voicemail but the response time stays the same and you will receive an email most likely back anyways.

The next thing to know is that you can register your buyers with them and can print out a sales contract that is needed.

You may want to go ahead and take a look at the contract in case any questions might come up from other Realtors and or other clients working with other Realtors as was the case  when I had the listing on the site.

You will not be emailed a copy of any of the docs they are sent directly to Realtybid.com. You will need to ask for an update on status as non was provided about if the buyer had sent back docs and where we were at on the closing date or when it would be.

I dont know how long they have been around but I can see were problems can arise if the auction is not sold and then goes onto post auction bidding which was the case on the asset I had that went through Realtybid.com

This was an email I received when asking where we were at with the close of the auction. 

Good Afternoon, Brandon:

Thank you for the email inquiry below.  An explanation of the Post Bid process can be found at this link: http://www.realtybid.com/subdata/postauction.cfm .

It is important to note that although Post Bidding properties show a countdown clock (i.e. 6 Days Left!, 3 Days Left!, etc.), these countdowns are intended to explain the longest possible amount of time the property will remain on the website and available to receive Post Bids; the countdown clock is NO GUARANTEE that the property will remain on the site for that entire amount of time, or any amount of time.

During Post Bid, all offers made are presented to the Seller.  The Seller may accept any offer at any time, resulting in the property being marked as "Sold".  The buyer will have some time to perform on this property.  If the buyer does not perform in a timely manner, the property could possibly be remarketed.  You may check back with us at the middle of next week to check on the status of this property at that point.

Please let us know if we may be of further assistance.  Our toll free number is listed below for your convenience.

This is what I received when asking what was going on after post closing and post bidding.

Good afternoon, Brandon:

Thank you for the email inquiry below.  So far, the buyer of the subject property is performing as expected.  You may, however, check back Friday afternoon (8/27/2010). 

Please let us know if we may be of further assistance.  Our toll free number is listed below for your convenience.

To me there needs to be some more Realtor updates coming from RealtyBid and consideration in this process on their part would help.

I had just written a previous post REO properties going to auction in under a weeks time on the market? 

I wanted to follow it up with this post about some of the problems that you can run into with assets going on auction too fast. I dont know about everyone else but in the Okaloosa County area we are luck that our recording office does a great job getting corrected titles into their system within 2 weeks and I have seen even less time periods than that.

That is one issue you can run into if the asset has just been foreclosed on it may not have a corrected title on record and if going to auction this can cause a delay with the new title of the buyers trying to buy being able to record.

That I have ran into myself recently on an asset that went to auction within a week of being on the market.

Has anyone else run into this problem?

I have had a few conversations with AMP's this week that have stated they were surprised to see a few assets move to auction faster than they have ever seen some were only on the market and exposed for as little as two days.

Williams and Williams is the most recent I have seen of foreclosures/REO properties that I have listed that have went onto auction. The property 5737 Bronco Place Milton Florida I have listed will be going to auction at the end of the month.While this one had some time on the market I am waiting to see how everthing goes this is the first I have dealt with Williams and Williams.

Just wondering how many other Realtors on ActiveRain are seeing more auctions in their area. I have been hearing also on Webinar's that auction numbers are up according to REOinsider as well.

I have been contacted asking how my feelings were on the adveristment I had ran and the responses received and other Realtors have seen my old post listed below.

 I had the below post a year ago. I had given them a year to show me what they can do. I have to say I was not impressed with the AD response.

I think anyone would be better off doing a pay per click with Google and know you are getting traffic and someone looking at the AD you are paying for. There are so many AD's on the site now on Realtor.com I think the banners just get lost now a day.

My Realtor.com Banner AD update

http://www.realtor.com/realestateandhomes-search/32541?frp=*&orderid=2952750

Brandon as promised your banner should be live within the hour, please feel free to click on the link bellow in about an hour, this will take you directly to your Banner on Realtor.com.

Thank you

The custom creative that you have submitted has been loaded and will be live on Realtor.com within an hour.

To preview your AD(s), please visit this TEST page: http://www.realtor.com/realestateandhomes-search/32541?frp=*&orderid=2952750

**IMPORTANT**

1. It may take up to ONE HOUR for your new/revised creative to appear via the TEST link above.
2. The TEST page is for demonstration purposes ONLY. Please be assured that your Ad(s) will serve on Realtor.com in the actual Market(s) that you have purchased.
3. If you have more than one version of creative in rotation, you will need to refresh the page a few times to preview all versions. (To refresh the page, click F5 on your keyboard.)

To preview your LANDING PAGE, please click here: http://adimages.homestore.com/orderq/fortwaltonbeachfl/2952750/el-114-plain.html

Thank you,

Creative Changes

Realtor.com®

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