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[+] Timely Documents Inc - Prem Kumar/NV (12 replies)
10/26/2018 3:21:25 PM (4339 views)

[+] kofile searches - Tom Schmick/OH (3 replies)
10/22/2018 12:32:01 PM (3797 views)

2018 NAILTA/NALTEA Conference - Robert Franco/OH
10/21/2018 5:37:07 PM (4124 views)

[+] Judgement Lien - Abrar Khan/TX (5 replies)
10/16/2018 5:09:56 PM (4023 views)

[+] CALREPORTING 818 AREA CODE - Scott & Sandra Forbes/CA (6 replies)
10/15/2018 3:29:15 PM (3635 views)




Express Services / Derrick Whitaker - Jaime Melvin/NC
10/12/2018 7:22:44 PM (3475 views)

[+] Any word on this company - Karen Knuth/NY (2 replies)
10/10/2018 11:40:23 AM (4366 views)

[-] We can't be Walmart anymore... - Alix Ott/MI (27 replies)
10/9/2018 12:51:44 PM (4624 views)
Re: We can't be Walmart anymore... - ROD HEFNER/KS
10/10/2018 6:53:47 AM (4587 views)
Re: We can't be Walmart anymore... - David Bloys/TX
10/10/2018 7:25:52 AM (4461 views)
Re: We can't be Walmart anymore... - Joyce Obrien/PA
10/10/2018 9:45:50 AM (4556 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/10/2018 9:56:59 AM (4629 views)
Re: We can't be Walmart anymore... - Joyce Obrien/PA
10/10/2018 10:12:57 AM (4328 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/10/2018 2:36:48 PM (4710 views)
Re: We can't be Walmart anymore... - Kurt deVries/FL
10/11/2018 2:53:22 PM (4441 views)
Re: We can't be Walmart anymore... - Meg Evans/OH
10/15/2018 8:40:18 AM (4491 views)
Re: We can't be Walmart anymore... - Heather St Amant/LA
10/15/2018 8:50:20 AM (4305 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/15/2018 9:02:55 AM (4483 views)
Re: We can't be Walmart anymore... - Cheryl Santamaria/CT
10/15/2018 8:58:01 AM (4537 views)
Re: We can't be Walmart anymore... - Scott Tischler/OH
10/15/2018 11:52:01 AM (4506 views)
Re: We can't be Walmart anymore... - g h/SC
10/15/2018 4:16:00 PM (4294 views)
Re: We can't be Walmart anymore... - KIMBERLY  FALCONE/PA
10/22/2018 8:30:57 AM (3888 views)
Re: We can't be Walmart anymore... - John Rawlings/WI
10/22/2018 9:34:52 AM (3885 views)
Re: We can't be Walmart anymore... - Lisa Ramsey/TX
10/22/2018 8:35:51 PM (3903 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/23/2018 7:07:56 AM (3962 views)

First, I am a vendor manager and it's true that we're not needed.  BUT a lot of companies like to bypass dealing with literally dozens of individuals and have one point of contact -- someone who already has a tried and true group of subcontractors.  It's a lot of work and a lot of time to weed out the chaff.  That's what I do and as an abstractor myself, I'm often able to answer questions and resolve issues (especially in my home state) immediately.

All that being said, Abstracting Life in Texas is NOT Abstracting Life anywhere else.  I found that out when I started to accumulate counties and fees lists in Texas.  The pricing was seriously breathtaking.  And please, no one take offense here because those I work with have been incredibly wonderful -- BUT I get tired of hearing about the distances you drive.  You don't drive any farther than my folks in the Upper Peninsula of Michigan and the northern parts of Wisconsin and Minnesota -- AND WE DO IT WITH SNOW AND ICE.  And isn't it true that to work in Texas you must be local and/or have a company within the state?  That's not true elsewhere.  I'm envious that you can get the prices you're getting...but here's the gist:

Despite the current economic climate, we are a business of supply and demand.  In counties where there are few abstractors I charge more.  But in counties where everybody and their brother has on line access, I have to keep my prices right where they are to maintain the work.  And that goes for counties I do myself, not just as a vendor manager to others.  If I raise my rates, I lose the business to someone else.  Why should the title companies I work for pay me SIGNIFICANTLY more for a search that they can farm out to an abstractor directly?  Or to someone in my own counties who will do it for 10% less than I do?  If they'd have to deal with bad work and unreliable people, that would be different but the fact is there are a lot of people in a lot of areas who do incredibly good, fast work.  If you're shopping for canned goods or toilet paper and just want the basics, why go to Whole Foods when Walmart is 20% cheaper?  You don't.  You go to Walmart for the basics.  Period.  

I am not the only vendor manager who has run into these problems with having to keep our prices low (and, in fact, are asked yearly to LOWER our rates).  I communicate with a lot of competitors here in Michigan and know we're all in the same boat.

Let's use another analogy:  technological items go DOWN in price.  Think about TV's...  This year's LG OLED runs over $2,000 but I have already seen Best Buy drop their price a bit and in a year, that $2,000 TV will be $1200.  Because our industry is also now technological in so many locales, the price of doing our job goes down because more people -- including India -- have access.  Simple 1 owner searches are going away.  Period.  We're not going to be able to compete there much longer (and actually AREN'T competing in a lot of places because the local title companies do all their own work on line in outlying areas and at the courthouse in their own counties).  Maybe it's not true in Texas, but the vault in Lenawee Co. Michigan was full of people just 10 years ago.  Abstractors and local title companies.  Now on the VERY rare trip I make there, I am usually the only one in their huge vault that has 6 work stations.  

It is a fact for most of us that to raise our rates means ALL (rather than most) of the easy work goes away and what's left is only that work that requires expertise and actual courthouse experience.

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Re: We can't be Walmart anymore... - James Powell/MI
10/23/2018 10:54:48 AM (3899 views)
Re: We can't be Walmart anymore... - Lisa Ramsey/TX
10/29/2018 8:54:03 PM (4015 views)
Re: We can't be Walmart anymore... - Lisa Ramsey/TX
10/29/2018 8:54:08 PM (3859 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/29/2018 10:12:35 PM (4029 views)
Re: We can't be Walmart anymore... - David Bloys/TX
10/23/2018 7:13:16 AM (3821 views)
Re: We can't be Walmart anymore... -  ABSTRACT SOLUTIONZ /TX
11/7/2018 3:46:38 PM (3712 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
11/7/2018 3:57:43 PM (4048 views)
Re: We can't be Walmart anymore... -  ABSTRACT SOLUTIONZ /TX
11/7/2018 4:08:37 PM (4014 views)
Re: We can't be Walmart anymore... - David Bloys/TX
11/22/2018 8:23:55 PM (3707 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
11/23/2018 7:33:20 AM (3712 views)

[+] Poise Infosystems - Jim A/WV (3 replies)
10/8/2018 7:20:47 PM (3693 views)

[+] USlandrecords vs. "Co-file" - stephen willard/OH (22 replies)
10/5/2018 8:42:57 AM (4513 views)

[+] Fake AccuFast Email - Bruce Lutz/PA (4 replies)
9/28/2018 1:22:58 PM (3664 views)

Integrity Title now 364 Title - David Bloys/TX
9/27/2018 5:02:27 PM (3641 views)

[+] FUGO SERVICES - matthew clark/AL (10 replies)
9/25/2018 4:58:32 PM (4214 views)

[+] Indus Abstract Services - Smitty Strickland/SC (3 replies)
9/25/2018 2:05:28 PM (3489 views)

[+] ISGN - F P/VA (8 replies)
9/21/2018 9:33:05 AM (3812 views)


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