Choosing Quality over an RFP

I wanted to share this recent comment to our last blog post:  Following Up on Freddie Mac: What Has Happened?

“Serena,

I found your post very interesting. Especially the suspicious behavior you cited:

“In talking to a number of other disclosure companies in California I discovered that the only ones which received the initial RFPs from Freddie Mac were several regional disclosure companies who would have not met Freddie’s criteria to become a supplier of disclosure reports. Somehow the disclosure companies which would have qualified ***never received an RFP.*** ”

“I am still getting feedback from the disclosure companies who completed and submitted these RFPs saying that they never heard back from Freddie Mac, despite submitting their RFP responses ***within the 48 hour deadline.***

Maybe we should only buy our disclosure reports from those companies. Please let us know who they are!

Thanks,

Rick”

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Dear Rick,

I wish I could just give you a list and send you on your way.

As you know, when it comes to selecting disclosure service providers, we at RE-Insider continue to encourage realtors to choose their partners based on the product’s quality, accuracy, thoroughness, high-level of customer service, insurance coverage and more.  No matter how it is sliced, there are no shortcuts when making this decision, including a rushed RFP.    We strongly continue to believe that selecting a natural hazards disclosure company based on the submission of an RFP vs. quality of service and the report does not represent the good faith effort that is expected of real estate professionals.

Thank you so much for your question.  I hope this helps, if you have any other questions or comments, please let me know!

Serena