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I also had some doubts about Kazork but my partner and I have since closed two deals with them. What I didn't like was it had the Boston Celtic's colors. Go Knicks! What I did like was that it was so simple to submit an offer. I'm not a big computer guy but I found it pretty easy to use. The other thing was that I earned a 6% commission on both deals! Kazork did what they said they would do. Hard to argue with that. I give Kazork two thumbs up.
I wouldn't touch Kazork’s BS online bidding service with a TEN FOOT POLE! Read the 'fine print' for sure! They represent bulk REO bank owned (GMAC FORECLOSURE AS-IS) properties. Their claim is "Truth, Transparency, and Logic" in the Real Estate industry and nothing could be further from the Truth. You will pull out every last hair after dealing with this incredibly unprofessional (essentially run by kids with little to NO knowledge of standard Closing Transaction procedures) and are truly an unethical ‘Asset Management’ group. They should be banned by every DRE in the US. Use this service at your own risk. You will lose any potential Buyer that has any faith in your ability to fairly and properly represent them; not to mention the ridiculous closing costs that your Buyer will incur and the ability to identify another property after wasting your Buyer’s time and money with this unprofessional group. Their contracts negotiate ‘quick closing’ periods – from 5 to 25 days. The Truth is that after the 5 day Inspection Contingency period ends (utilities will NOT get turned on in that time frame, making it IMPOSSIBLE to properly assess the properties condition) and the Financial Contingency period ends; you will be required to secure an extension deemed by the lording GMAC execs (ruthless and greedy) that the idiots at Kazork are essentially incapable of negotiating; they are your contacts to negotiate this (almost impossible; the owner’s of Kazork unmercifully suck up to GMAC for their benefit). GMAC will either impose a charge to your Buyer’s a $100 per diem fee written into a ‘Contract Rider’ as part of their contract, or even better the bank (GMAC) will just keep your Buyer’s Earnest Money. There are many other ways to buy these misfortunate foreclosed REO’s without all of this unnecessary hoop-jumping. Word up; beware of this incredible sham of a company.
I found Kazork to be straightforward and easy to use. They closed a property I had an offer on in 28 days...not bad. My buyer liked that they could see what was going on through their web site. The customer service I thought was fine. It was nice to get a live person when I called. If they could add some better graphics and more photos of the properties for sale, I think they would have a better system. Maybe even virtual tours.
I found Kazork to be straightforward and easy to use. They closed a property I had an offer on in 28 days...not bad. My buyer liked that they could see what was going on through their web site. The customer service I thought was fine. It was nice to get a live person when I called. If they could add some better graphics and more photos of the properties for sale, I think they would have a better system. Maybe even virtual tours.
Why are 3 of your 5 posts about Kazork? Are you affiliated with them?
I have used them often. I do check my local MLS and kazork.com to see what inventory they have. They are for real. Commissions are good. The people are professional and knowledgeable. Thanks! Kazork!
Does anyone know a company called Datafast? Is there real estate data any good? On the topic of Kazork. I don't see what the big deal is. They don't give all the commission to the listing agent? I am a listing agent who has worked with Kazork and they paid me a commission and I get referrals. They work with the relo industry and the default industry.
I signed up with them but never actually used the service. From my understanding, it's just a platform to facilitate offer negotiation.
Quote:
Originally Posted by dlh891
Has anyone used this company before? Just wondering if it's on the up and up.
TIA Dawn
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No problems with Kazork.
That is what I thought too. Even more reason not to do business with them.
