Michael Reilly

One big problem with this analysis... The TARP bailout legislation is putting a crimp on short sales for now. There have been 5 or 6 homes that I know of that were listed as short sales that have now been taken off the market while the current owner tries to "re-work" the loan. One of the homes had 3 offers that were waiting an answer from the lender. The Realtor who did the work handling the marketing, offers and waiting on an answer from the bank... he get's nothing. In other cases, the banks are not responding to a lot of short sale offers until they get a handle on how much TARP tax bailout money they are going get based on their number of bad loans. If they accept the short sale, they risk getting less money from the bailout. Personally, I'll stick with normal deals and let the "innovative" agents deal with that mess. Michael Reilly, REALTOR Great Austin Properties, LLC

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The trick is getting people to CALL you. We get a 100 new web registrations each week but those rarely turn into deals. We've learned that you have to encouarge the web user on every page to call YOU when they are ready to see property. It's the phone calls that turn into real buyers. Michael Reilly, REALTOR Great Austin Properties, LLC

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As a Realtor, the best thing that can happen is when the market hits bottom and buyers return. Success in this business is based on number of transactions and when your in a period where the buyers are waiting, there is almost nothing you can do to generate deals. Michael Reilly, REALTOR Great Austin Properties, LLC

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