About Us
About Us
Market Point Realty Services
Is part of a full service Real Estate Company that offers both listing and sales offices. Market Point Realty Services has several offices in Texas, California, and Arizona that will service your properties directly. We are able to handle a large volume of REOs, because of our Market Point Teamwork Synergy Plan. Our plan is much like a production line with a lead agent and or broker in charge with several team members completing their jobs within their job expertise. All members are crossed trained thus enabling them to fill in without a production slow down. All our offices have REO agents with over then year’s experience.
( Please see last page of offices and main contacts ).
Texas Broker
Sam Hartzell began his REO servicing career in 1990 under the guidance of Co/directors Bud Johnson and Bob Herndon. During that time he serviced and sold California REO's for Freddie Mac, Fannie Mae, BOA, First Nationwide, Aames and Indy Mac. Sam moved back to the Central Texas area in 1994 where he began to build the Central Texas REO sales and servicing division for market point realty Services. Sam has earned a reputation of giving top-notch service while selling and servicing many Banks Central Texas assets.
Broker
Jackie Johnson: After 13 years as a middle school teacher, Jackie decided on a new career in Real Estate. She has been involved in the sales and marketing inf REOs since 1989, Her dedication to detail has kept our company on the leading edge.
Buyers Market
Central Texas, Like many other regions of the country, is currently experiencing a Buyer Market. Qualified buyers have extra leverage in a Buyers Market that does not typically exist in a stable or non-recession market. Combine that extra leverage with the fact that foreclosures are increasing all around the country, and that equals a Buyers Market. In this type of environment, banks are more willing to cut into their bottom lines, which can you allow to purchase top quality properties below market value.
Market Point Realty Services
Seller Market
Seller's market is a term used to describe market conditions when housing demand exceeds supply. In this scenario, the seller is at an advantage and stands to maximize the sale price of their home.
in a seller's market, there are more buyers looking for homes than there are homes available. Since there are fewer homes to choose from, multiple buyers will often be interested in purchasing the same properties
- A buyer's market is characterized by slow home sales, lots of available properties and declining home prices.
- A seller's market is characterized by rapid home sales, shortages of available homes and rising real estate prices.
Texas Broker: Sam Hartzell
Sam Hartzell began his REO servicing career in 1990 under the guidance of Co/directors Bud Johnson and Bob Herndon. During that time he serviced and sold California REO’s for Freddie Mac, Fannie Mae, BOA, First Nationwide, Aames and Indy Mac. Sam moved back to the Central Texas area in 1994 where he began to build the Central Texas REO sales and servicing division for Market Point Realty Services. Sam has earned a reputation of giving top-notch service while selling and servicing many Banks Central Texas assets.
Co/Director: Bud Johnson
Bud Johnson has a vast array of experience working with Market Point Realty Services, He has worked with Freddie Mac, Fannie Mae, BOA, First Nationwide, Aames, and many other Lenders. His Real Estate operations became the largest seller of Freddie Mac homes in the Nation selling over 2000 Lender Owned Properties a year. While operating his REO Offices, Bud was asked to become a consultant sales administrator for First Nationwide Bank due to an illness of the sales administrator. His duties included finding REO brokers nationally, and accepting offers on those properties. This experience enables our team to know from the inside out what your objectives are, and how to properly service your REO properties.
Co/Director: Bob Herndon
Bob has been on both sides of the table. He has been the Top Sales Administrator for Arcs, First Nationwide and Aames for over 25 years of in-house experience. Bob has been a licensed broker for the past 12 years. His 25 years career as an asset manager has given Bob the knowledge and the expertise to enable all of our agents to understand and perform the duties required of an REO Broker.
*W-9s, licenses, & E & O ins. will be provided upon request
Foreclousure List
At Market Point Realty Services our focus is to assist you in identifying the best deals in the Austin foreclosure market, as well as walking WITH YOU throughout the entire buying process, We are a LOCAL Austin business that has been in the real estate and foreclousure industry for well over 20 years. Our experiencesd and professional agents are ready to assist you by providing all of the information and insight that you will need in order to make an accurate and informed decision about your new property, including your FREE clousure List!!.
BPO INFORMATION
The information you provide to the Lender is a very important service. It enables the Sales Administrators to form their Marketing Plan and value. The following items need to be considered when completing your Brokers Price Opinion
3 listing comps
This gives you an idea of what other people in the area are asking for their properties. This does not necessary mean that they will get their asking price.
3 sold comps
When completing your BPO sold comps should carry the most weight when deciding the value of the home. Where possible use sold comps. No older than six months.
Pictures
As it has been stated in the past, “A picture is worth a thousand words”. In our terms furnish pictures of all comps. All rooms and any damage repair items of the subject. In other words if you’re not sure take a picture of it and label what it pertains to.
Repairs and Inspections
Make sure that care is given when inspecting the home. If there is a question on whether or not an inspection may be necessary, give the sales administrator as much information as possible with pictures and a detailed description of the problem.
Repair Bids
It is of the utmost importance that all contractors are bidding on the same items in order to receive an accurate bid. If a contractor has an item outside the scope of the bid, please have it separated from the original bid, and then ask the other bidding contractors to bid on this item. This is only after you and the sales administrator has gone over the item to see if in fact, it is a necessary item.
Value
Most Lenders are looking for a value that considers the selling time (Usually 60-90 days). If the normal selling time is longer or shorter, then this should be considered in your value. Also the condition of the property is very important. Is the property in a lower income area where low down payments are the rule of thumb? If this is true, most buyers will be coming in with low down payments, which will require repairs to be done. Make sure all repairs are noted that the new lender might require. Also in some areas, repairs may be impossible due the high thief and vandal rate. These properties will probably be sold in their “AS IS” condition and will require a large down payment or cash in order to sell. Each lender has different policies as to their preference to selling REO properties. Some lenders prefer to do repairs; others prefer selling their properties “AS IS”. In most cases it is a combination of both, whichever way will maximize their dollars in the least amount of time
REO Timeline Pledge to Lenders
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