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Rainmaker
778,856
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

There are restrictions, make sure you check with your broker to make sure you do it right.

Jan 04, 2019 11:08 PM
Rainmaker
3,070,784
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Tammy nailed this one!

Sep 25, 2016 09:38 PM
Ambassador
3,068,462
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

  That is a trigger term.  Read the Truth in lending laws for advertising. 

http://www.in.gov/dfi/2595.htm

http://www.federalreserve.gov/boarddocs/supmanual/cch/til.pdf

and regulation Z.  

You can make your own decision, but I wouldn't do that.

 

Sep 06, 2015 01:23 PM
Rainer
290,925
Nick Krehnke 425-202-5655
All Square Mortgage INC. - Seattle, WA
"Your Trusted Friend in the Home Loan Biz" :)

 I have done this many times with great results. Best practices for me are

1. have a call capture number unique to the listing BECAUSE this will make sure all leads are trackable.

2. end it with a questions maker i.e. "$0 Down Home Loan available?" "How to buy for $0 Down?" etc. it increases calls and is a compliance buffer as it is not a statement or an offer but a question.

3. have the only 1 phone number on the yard sign, and that is the call capture number.

4. use of a font created with hand writing.

5. have it a seperate sign as the RE sign or if the RE sign will hold a BIG rider (18x24)

have it go to your call capture system where your prerecorded message can verbally state additonal disclosures with the sales message as well and have the call notification go to both the agent and the lender. As a lender I have found most agents don't have a good crm, don't use call capture and don't have a good accountabilitry and follow up systems. Of the closed deals that result from these calls my team is the one who is the first to follow up, put in crm and gather info to turn it into a paycheck by a factor of well over 10-1. We are grinders

Aug 21, 2018 06:31 PM
Ambassador
1,005,445
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

I see this all the time in USDA eligible areas....I don't think there's anything wrong with it as long as you're making sure other verbiage is included to make the ad reg-Z compliant.

These laws are in place to protect consumers, but many consumers still think you need 20% down to buy a home --- advertisements like this are needed to inform people, but they need to be done right.

Sep 08, 2015 01:58 AM
Rainer
231,174
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

i think everyone "knows" that it is only for qualified buyers, but joe's idea isnt a bad one. but, it will lessen the calls...

Sep 07, 2015 07:19 AM
Rainmaker
865,538
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

If the sellers say it's ok, and they really do have 100% financing programs, and the intent is to get that listing sold, it might generate some calls. I doubt it works, because most buyers are already going to have a lender that they are working with, and their lender might also have 0 down loans available.

Sep 07, 2015 02:51 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Daniel W. Hayes - sometimes the listing agent partner with lenders for marketing purpose. I have seen it at few listings. Never used it myself.

Though not sure if you are violating RESPA or anything else.

Sep 07, 2015 02:02 AM
Rainmaker
912,498
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Daniel, WHY ARE YOU EVEN CONSIDERING THIS?

It's a great deal for the lender.

What IS the lender doing for you that makes you think you are obligated to trash the homeowners yard with a 100% sign. It is your answer to this question that is of concern to RESPA.

If you are still considering obeying the lender, you will find it of great importance to know how many 100% loans this lender has granted and the requirements of such a mortgage.

With the lenders sign in the yard you need to understand, the lender is getting YOUR leads. Not a good idea.

Sep 06, 2015 10:29 PM
Rainmaker
2,810,031
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Hmmm.  Is that in the best interest of your sellers?

Sep 06, 2015 09:15 PM
Rainmaker
2,497,436
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Daniel. I would not do it, unless it also says to qualified borrowers.

Sep 06, 2015 07:32 PM
Rainmaker
2,759,637
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Monday morning Daniel. I have seen similar signs on listings as a rider. I guess it is okay.

Sep 06, 2015 05:55 PM
Rainmaker
917,424
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Daniel - That is a great question. I think I would check with my Broker first, and hopefully if they didn't know, they could point me in the right direction.

Sep 06, 2015 04:25 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Interesting question Daniel, I am sure taht Joe Petrowsky , John Meussner , and a few of the other well known lenders here will give a good answer.

 

Sep 06, 2015 04:18 PM
Rainer
216,394
Sharon Altier, SFR
Lawton Realty Group, Inc. - Elmhurst, IL
Your Real Estate Partner

I think staying focused on the sale of the home, rather than someone else's business.  I can't see how this is in best interest of Seller, but interested to see replies.

Sep 06, 2015 02:33 PM
Rainmaker
3,642,369
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Daniel, very good question.

Sep 06, 2015 02:28 PM
Rainmaker
212,705
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

You may want to check with a lender you know, things can get very tricky. I know once you mention anything that involves financing you have to print all the terms somewhere.

Sep 06, 2015 02:00 PM
Rainmaker
2,442,569
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

That is an interesting question. I don't have the answer, but am curious.

Sep 06, 2015 01:13 PM
Rainmaker
1,175,606
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

100% financing available to those qualified. Send the lender name to the buyer when people asked about

Put in the flyer....Avoid MLS

Sep 06, 2015 12:47 PM
Ambassador
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I don't see this any different that giving a referral to a particular lender as long as you are not being paid to do it or given something of value.

Sep 06, 2015 12:41 PM