Press Contact: Krista Conway
Virtually Achieved Media, 888.681.2065
FOR IMMEDIATE RELEASE
Company Helps Real Estate Agents Make the Most of A Down Housing Market
Virtually Achieved assists
real estate agents by registering them with banks and lenders to be
eligible to manage foreclosed properties.
With Foreclosures At An All-Time High, Real Estate Agents
Can Still Be Successful With REO Work. The Virtual Assistants at VirtuallyAchieved.com register real estate
agents with Lenders and Banks around the country who need agents to help sell foreclosed homes.
“Our
job is to get agents in the database and make them look good,”
said Jerri Palumbo, owner of Virtually Achieved.
“We physically register each agent with banks, lenders, and asset
managers around the country.”
When homes go into foreclosures, banks and lenders need to sell the
homes fast. Since banks don’t employ real
estate agents, they have to find local agents in the area to sell the
house. By referencing the database of agents
eager to work with them, banks find a ready resource listing multiple
qualified real estate agents.
Virtually
Achieved registers real estate agents with hundreds of lenders and
asset managers. Virtually Achieved reviews an
agent’s resume, experience, and education ensuring the best
information gets to the lenders.
“Agents
like to be registered every few months to keep their information at the
top of the companies’ databases or try to
get noticed by companies that have not contacted them,” said Kim
Giraffa, Senior Project Manager at Virtually
Achieved.
According to Frank Patrick, founder of REO Renegades, an estimated 8-10
million loans will fall into foreclosure in the
next five years. Each of these properties will become a Real Estate
Owned property, or REOs; each property needs an
agent to sell it. The lenders also need Broker Price Opinions, or BPOs,
where a real estate agent estimates the
probable selling price of a real estate property or house. Both REOs
and BPOs are
valuable to real
estate agents. BPOs might only net $50-$100 each, but that can quickly
add up to major profits.
When a
lender chooses an agent to do a Broker Price Opinion, they now have a
relationship with an agent and are more likely
to choose this agent to sell the same property. The agent lists and
sells the property earning a commission.
Virtually
Achieved has a history of helping real estate agents grow their
business. Giraffa stated, “We have heard
many success stories and have had agents get orders before the
registration is complete.”
“There are so many foreclosures in the market right now,”
Palumbo added. “It’s, unfortunately a hot industry, but for real estate agents it can be gold.”
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Jerri Palumbo is a virtual assistant who operates Virtually Achieved, a
virtual assistant service which offers internet
marketing and management support to small businesses around the globe.
For more information, visit
www.virtuallyachieved.com or call 888.681.2065.
