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Real Estate Broker

Joined 06/18/2008

Hank Bailey

ASSOCIATE BROKER

Prudential Georgia Realty

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(706) 621-1895

Summary

• Built and managed a company focused on real estate development, construction, and property management to more than $12.5 million in assets, including as many as 35 properties, within three years from the ground up.

• Experiences in business extend from sales and marketing to understanding how to successfully brand a business. Adept at contract negotiations into seven figures and dealt with required tax documents, P&L’s, Asset Schedules, and other financial reporting forms.

Personally created each type of corporate entity from LLCs and S-Corps to C-Corporations.

• A rich diversity of tasks and skills developed through not only the ownership, but also the management of a company. Instead of climbing someone else’s ladder, “this ladder” had to be created. Through this shear creativity, there lies the ability to take a small idea and make it big, constantly expanding and re-evaluating the possibilities to achieve maximum results.

• Professional Awards/Accolades - 2005 and 2006 Top Producer Award for the Western Upstate Association of Realtors.
Specialties

Financial Analysis • Risk Assessment • Strategic Alliances/Partnerships • Troubleshooting • Business Development • Contract Negotiations • Sales/Marketing • Client Relationships Interpersonal Communication Oral & Written Communication • Risk Management • P&L Management • Financial Reporting • Contract Negotiations • Brand Development • Co-Marketing Programs • Client Relations http://www.inman.com/user/10929/profile/edit• Advertising • Competitive Analysis • Financial Management • Operations • Market Analysis • Proposal Development

Associate-Broker and REALTOR®
Prudential Georgia Realty

Residential Real Estate Listing and Buyer Services through Prudential Georgia, one of the largest real estate companies in the State of Georgia. Working with first time home buyers, step-up buyers, and Relocations in the Greater Athens area.

http://www.AdvancedPropertyMarketing.com (this is our listing methodology)

http://www.GetJobLossProtection.com (this is an overview of our job loss program)

• Adept at understanding mortgage financing issues, products, and terminology.

• Technical expertise in internet marketing.

• Excellence in establishing trust with clients.

Represents Prudential Georgia Property Management in the acquisition and marketing of properties for lease in the Greater Athens area.

My Groups

My Comments

  • One more thing, "As for the
    By Hank BaileyMarch 17, 2010 - 11:08am

    One more thing, "As for the deck and retaining wall, the home inspector should return to the property for a second look and explain why the damage was not disclosed in the inspection report." No, he doesn't have to do this. What part of "As-Is" do you guys not understand. The home inspector was working for the seller, they didn't have to provide the report, the report was not a Seller's Disclosure, and lastly the BUYERS should have gotten their own inspection by their own home inspector. This was the Buyer's mistake or if they had a Buyer's agent, which it doesn't sound like, then it was their mistake. That is whom you cast the blame on, the Buyer and the Buyer's agent. I forgot however, we in America today have a real hard time in taking any personal blame and responsibility. It is always "the other guys fault." Warmest Regards, Hank Bailey, REALTOR® ASSOCIATE- BROKER hankbailey@prudentialgeorgia.com (c)706-621-1895

  • A few problems with some of
    By Hank BaileyMarch 17, 2010 - 11:03am

    A few problems with some of the conversation here. "We were given a copy of the report and bought the house "as is." "Liability in this case points toward the seller. If sewage backups happen repeatedly, the seller was probably aware of it and should have disclosed it. Unfortunately, prior knowledge by the seller is not easily proven. Sometimes you can learn details of past problems by asking the neighbors." Okay, while the seller provided a home inspection, there is no mention of a seller's disclosure. If this individual truly bought the home "as-is," you are right that she should have gotten her own home inspection done, and she should have also asked for a seller's disclosure as well. The issue I have with your advice that the issue or liability goes to the seller is that she may have, we don't know, signed documentation at closing and a "contract" stating that she was buying it "as-is" with no warranties. At that point she is out of luck. She agreed to the purchase and with a contract in hand stating "as-is" agreed to by all parties the seller owes her nothing. Finally in her question to you, "Shouldn't these problems have been disclosed by the sellers and their home inspector?" The answer should be, "a home inspection is NOT A SELLER's DISCLOSURE." She is unfortunately mistaken, as are you, if she walked into a contract on an as-is purchase and didn't do her homework. Next time get a Buyer's Representative. No, that would cost more money. Hey, wait, her mistakes are costing her money ($20,000 in repairs) though...hmmmmm One more comment to take you to task on, "Some disclosures should have come from the sellers," Not necessarily. IF the sellers were selling it "as-is" there may not have been any disclosure. This is buyer beware, but in these situations she probably got the property at a discount, or should have. In sum, don't knock As-Is sales, but if you buy one, don't assume the seller owes you the world either because you probably got a killer out the door price on the purchase. Also, great playing contract expert on this one Barry. With due respect, these questions are more Broker related and not home inspector types of questions. Talk about full disclosure! Warmest Regards, Hank Bailey, REALTOR® ASSOCIATE- BROKER hankbailey@prudentialgeorgia.com (c)706-621-1895 (w)706-654-2086 http://www.linkedin.com/in/athensproperties www.athensgahomesforsale.com

  • Make sure you remind that
    By Hank BaileyJanuary 5, 2010 - 10:31am

    Make sure you remind that fsbo that they can use Legalzoom.com and save a heck of a lot more over paying a lawyer. Or the other idea, state specific, is to use a title company versus a lawyer whose costs can be meteoric in nature by comparison. You guys have to pay for those impressive legal degrees somehow don't you. What too many times people who think they are saving money by not going with a broker don't clearly understand is that there are so many legal and other changes going on in the real estate business today that we "Realtors" have to study our trade every day and live it 24/7 to keep up. How are they going to deal with topics that could put them in litigation? After all, ignorance is no excuse to break the law right? Furthermore, that selling agent bringing a FSBO a buyer represents the "buyer." This would be akin to you telling someone "not" to get a lawyer in a contract negotiation to save a few bucks when the other side has an attorney (a.k.a shark) at the table. You would not in fact do that yet because you are a "hallowed" attorney yourself and we are the "great unwashed" it is easy to forget these points. I may be a Realtor, a salesman, and not an "educated attorney," but this salesman has a degree from a leading national business school and is a member of MENSA so I didn't just fall of the truck yesterday as we say in the South. Warmest Regards, Hank Bailey, REALTOR® ASSOCIATE- BROKER hankbailey@prudentialgeorgia.com (c)706-621-1895