Office meeting notes 3/17/09

Linda passed around a white & yellow pages book that HomePages prints for the West Chester area. Linda purchased the inside front cover page of the new Wyoming version. We will be the only real estate company in the book that will be passed out to all the Wyoming residences. We will also get a supply to pass out to our customers.
The Fairfield & West Chester offices are now merged into a new office at Union Center and the Crestview & Florence offices are also now merged into the Crestview Office.
Where are they today? Our office had 112 expired listings last year. Of the 112 expired listings 61 of them never relisted again. Were they ever motivated? 1 relisted with another CBWS Office, 16 relisted with us again – what does this indicate? 2 relisted with us and expired again, 13 relisted with us again and sold, 11 relisted with a coop at a lower price, 2 relisted with coop at a lower price & expired again, 6 relisted with coop & sold.
If you had 2 of these listings and they expired. If they were listed for $100,000 for example that meant you lost $3000. in commissions plus the cost of color flyers, open houses, the drive to & from the home, phone time with owner and coops, etc.
Fannie Mae can not negotiate fee for selling one of their properties now.
Don’t forget the CBWS Awards Breakfast on March 24 at 8:30am at the Hall of Mirrors at the Hilton Cincinnati Netherland Plaza, 35 W. Fifth St. downtown.
Mark your calendar for April 1 for the “Explore College Hill” at 10AM. Meet at College Hill Coffee Company at 6128 Hamilton Ave. Cost $15. which includes lunch and a tour of Laurel Court mansion.
Also mark your calendar for Thurs. March 26th from 9:30-11:30AM or 1:00-3:00PM at the Indiana Wesleyan University at 9286 Schulze Dr., West Chester for “Lending Lessons & Appraising Grace” with Sean Carpenter. It’s about understanding the financial side of today’s real estate transactions. Increased qualification requirements, stricter underwriting rules and more emphasis on appraisals have another layer of questions & far into today’s home buying process. Sessions are free however seating is limited. Call Susan Trefilek at 677-9777 for your reservation.
Now is the time to be holding open houses. The buyers are out there. We have been having great attendance the past few weeks.
Mike will be doing a class on setting up a client portal in MLS at the next sales meeting on March 31. This is another excellent way to keep and hold on to your clients.
Who wants to host a Home Buyer Seminar? Linda has a friend with another company that put hers on Facebook and got 15 people to attend.
Jim Conway was here to remind everyone that there is an open enrollment for our group insurance plan until March 31. If you have insurance now somewhere else and think you might be going to loose it in the coming year (like another job loss or divorce) you should sign a waiver right now so you will be able to get in the group plan before the next enrollment. Jim also has another new plan with Prudential called “Highest Daily L7 plus”. It guarantees a 7% return. If you want more information please give Jim a call.