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FAQs (Frequently Asked Questions!)
So many of you out there have asked
similar questions, I decided to expand the information
to make your decision easier. |
I
know there are lots of products out there, and many emails
that come into your mailbox. They are not all of the highest
caliber, so I would like to set your mind at ease about PacificTrust.net.
If you still have questions, PLEASE, email me at ! |
Who am I?
I am a real estate broker in Santa Rosa, CA. I have been in real
estate for years, and have been a broker for three years. I am
originally from Chicago, and now specialize in high-end homes here
in Northern California. PacificTrust.net is a member of the Mark
West Chamber of Commerce, here in Santa Rosa. You can view information
at www.markwest.org. Please do.
Will there be work in my area?
Here’s how the program works: The
companies and contact information I give you is for companies
that interface with national lenders. These companies do not
charge you to sign up with them. They provide the mini-CMAs to
lenders because the lenders have discovered it is more cost effective
to have a mini performed than a full appraisal. These orders
come in from lenders when they have requests for home equity
lines of credit, refinances, damage assessment, short sales and
foreclosures. Since these five categories affect nearly every
homeowner, the work is everywhere and there is an endless supply.
No matter where you are, there is work.
What do minis pay?
Each company has determined its own rates, and
they pay the same to agents in North Carolina, California, and
Kansas as they do in Minnesota, and New York. Their rates are standardized
across the nation. Each mini pays between $50 and $100, depending
on the company. The national average is $65. Occasionally you will
be asked to perform interior minis, which require an appointment
with the homeowner, but otherwise are the same. These pay higher
rates.
How long does it take to perform a mini?
At first there is a learning curve to input your
data online. Each company has had a different web designer, and
you will spend some time navigating each form. But the information
is basically the same on all of them: square foot of the home,
lot size, number of bedrooms and baths, age of the home, size of
garage. Once you get the hang of it, which could take a week or
so, you can speed right through. I do not go far from my office,
so I can complete a mini in about an hour including travel time.
What areas will I work?
You decide. When applying to the companies, you
indicate what zip codes you will cover. That way you can determine
the size of the area you would like to work. You can change these
areas at any time to get more or less work, and you can also contact
the companies to ramp up or down the amount of work you are getting.
Is this really steady?
Oh my yes! In slow real estate sales markets,
you’re kept busy with short sales and foreclosure minis.
In other markets, you’re working minis for refinances, home
equity lines, and damage assessment. No matter what market, you
have work. |
