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Old 11-10-2007, 09:05 AM
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Aaron Aaron is offline
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PATHS if POWERFUL - especially for real estate :)

I just want to give a quick testimonial on the custom modules...

I put in custom instructions concerning a house I'm buying.

I put in the name of the owner (bank), the selling agent and my own agent. I put in the amount I wanted to pay for the house and the time frame of everything happening that would be satisfactory to me. I also put in a bunch of other details about generally attracting my optimum house, etc...

The house is bank owned and this typically takes longer than a personally owned home. The banks supposedly aren't in the real estate business but no matter what, they take their sweet time. There were around 1000+ homes on inventory in my county a little over a year ago.

Right now, there are around 4500!! If there ever was a buyer's market now is the time...so you all should really consider moving here!!

Anyway, the bank signed my offer of what was acceptable to me... a low ball take it or leave it offer...and in less than 2 weeks from the start, I got the papers back with their acceptance of my offer and it is 15% below the value of this type of house so instant equity compared to the going rate of these homes in this neighborhood in a buyer's market...about 20-25% below average market value to seller's market. This is a very good thing!

Also, yesterday I scheduled the inspection with my friend who is a home inspector but we needed the water and electric on.

I called the water company yesterday right before the main offices were closing and they just happen to have someone in the area of the house that could be there within 30 minutes of my call. I told them I'm there so I headed out the door.

We pulled up within 5 minutes of each other...he turned on the water and took off. I was purging all the water lines to get the air out, etc... and making sure the water tank would fill and everything was good without any leaks before I left.

On my way there, I called the electric company to get the electric on. They couldn't do it until the next day and no guarantee to the time. If I wanted it done that night in time for tomorrow, it would cost me another fee. It wasn't that much but I'd rather pay nothing to wait for one more day.

I called my friend to cancel the inspection until Monday.

As I'm checking out the water system, a car pulls up and someone gets out with a flashlight and walks around the house. I shined my light on the side of the car and it had a logo from the electric company.

I walked out and met up with the guy who was doing something with the power meter. I said nobody was supposed to come out until tomorrow. He said his boss called him at the last minute because he was going somewhere else and this house was on his way so go ahead and go turn it on. He said it wouldn't cost any fees!

I turned on the breakers and tested everything out and he took off. I called my friend and resumed the inspection for the next day (today).

Inspection happened when I originally intended and would have been put off until early next week pushing us close to the closing date because of the banks slow response, but everything worked out exactly as planned right down to the desired inspection time!!!

Inspection went perfect today and there were only small things to worry about. So I'm going forward with the financing.

That is only a small description of how all kinds of things kept falling into place regarding this house!! Even my agent who is a good friend of mine is blown away. His broker never saw a banked owned repo go so smoothly and so fast with the banks response (slow to my satisfaction but very fast according to his experience) in his entire career.

Also, I have a tendency to get really specific and detailed in my research and already contacted the county's appraiser because they mis-appraised the property and so on...at least in my opinion. They said I would have to wait until I'm officially on record then to set an appt and they would come reappraise it. I checked yesterday and all my "recommendations" of what they should change in the county assessment HAS ALREADY BEEN CHANGED!!! All that without even coming out to the property and this never happens...the county won't change anything unless they go to see the property and also have the owner provide them all kinds of comps to validate the claims, etc...

If you are in the real estate business or are buying or selling a home, I highly recommend doing a platinum package and getting really specific with the instructions. I don't know if you can tell but I'm pretty excited!!!
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Old 11-10-2007, 06:13 PM
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Pamela Vicik-Smith Pamela Vicik-Smith is offline
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Aaron, I am so, so happy and thrilled for you. I know you have been waiting for this for a long time!

Congratulations! Make sure you post some pictures after you move in and get settled
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Old 11-10-2007, 10:30 PM
PATHS, S.A. PATHS, S.A. is offline
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Real Estate

Hi Aaron,

Congratulations!

We have several Platinum Packages that include custom instructions regarding real estate. Many have had similar experiences to yours!

The Platinum Package is an amazing tool!
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Old 11-11-2007, 02:58 AM
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Doug Doug is offline
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Location: Johnson City, TN. USA
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Congrats Aaron!

Congratulations Aaron!
Glad to your great results buying a house. Being in the mortgage business years ago, you have done very well. This will really raise the bar for the Real Estate business with PATHS. I can just hear the banks saying,
"Yep, that couple said they use this PATHS program... We gotta snap to it and get this done, like yesterday, pronto!" And the Underwriters will be shaking their heads, "what hit us? I'm glad you posted this, I'll have to use of a custom module for my next place.
Thank goodness it's just slightly stressful buying a house, right????

Thanks,
Doug
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Old 11-11-2007, 02:05 PM
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future pather future pather is offline
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I've had lots of help from PATHS in real estate, even on the regular modules. I can't image what the custom would do

About six months ago I was on the Succ. Liv. mod (can't remember exactly which one now) and had a vacancy in a single family home I rent out.

I had a listing in yahoo but wasn't getting calls. I went to the house and found a note on the porch from a couple who wanted to rent. Apparently the yahoo ad did not have any contact info for me.

They moved in and were wonderful, paying quite on time all the time.

Along the way I went on the money module and the synchronicity one (and kept up the Succ. Liv. ones).

Fast forward, the couple breaks up. He claims now he had given rent to her and she never sent it.

Somehow I start getting calls from other people interested in renting. After the third one, I check yahoo and my ad has mysteriously been reactivated . I've never seen a charge for it. Is this because I complained about not having contact info in the ad like 6 months ago ?!?!

All I know is now the place is vacant, the couple ended up to pay back all but a small amount of what was owed (after the security deposit) which will be a tax write off for me.

I get to go apply some of the NASA insulating paint which I've wanted to put in the place ever since I heard about it (careful what you ask for, lol) because it has siding and is not too well insulated, and have several parties who want to move in.

I never really stressed over what was going on either, which is different than how I would have been in the past.

This month I had one of my tenants in the tri-plex I live in have some identity theft issues. He is ultra responsible and seems like he works all the time. He called me apologizing profusely that he would be late with his rent, and he self imposed a $100 late fee on himself

He's paid some at this point and I have a check he has given me for the rest just waiting until Friday as he asked me to wait to deposit it.

I am doing fine financially and the extra $100 is just a bonus to me.

Anyways, congrats to Aaron and thanks to PATHS!

XO Jessica
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Old 11-11-2007, 02:34 PM
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Pamela Vicik-Smith Pamela Vicik-Smith is offline
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Woo Hoo!!! You go Jessica
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Old 11-11-2007, 09:36 PM
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Genie Genie is offline
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Congratulations Aaron! Wonderful news and I am truly so happy for you!
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Old 11-11-2007, 11:17 PM
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Aaron Aaron is offline
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green house

The house is an experiment and a convergence of different eco friendly technologies as a result of what Project 1 World has caused to happen. I'll document everything about what I'm really going to do.
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Old 11-12-2007, 12:49 AM
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Grace Grace is online now
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Project 1 World!

LIFE IS SO ABSOLUTELY FABULOUS!! LIFE IS ALS0 ABSOLUTELY GREEN!! CONGRATULATIONS ON YOUR FABULOUS NEW GREEN HOME AND THANK YOU FOR ASSISTING US ON HOW TO MAKE OUR HOMES GREEN!!
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