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Day 8 - Dream Team Building - Putting the Pieces in Place
Category: 30 Day Action E-course - Newbie to Pro Marketer
Realtors And Mortgage Brokers Will Give You Money Everyday
This posting will teach you how to build a list, how to make money with Realtors and Mortgage brokers (this is a VERY profitable new method. YOU could blow your business sales profits into the stratosphere with these list building methods… do you have any idea how much a bona fide list of 1,200 buyers is worth to a Realtor or Mortgage Broker?? I will also show you how to get free access to Title and Comps. Along with that, how to qualify competent real estate attorneys
I use the services of PrePaid Legal. You can also find out more HERE
Finding the perfect Real Estate Agent
The ideal real estate agent would:
Specialize in selling distressed properties to investors.
Have access to listings of bank REO properties.
Be willing to submit offers on multiple properties, realizing that many of the offers would not be accepted.
Be experienced in securing owner financing.
Be knowledgeable about private mortgage sources.
Be knowledgeable about the neighborhoods you want to work in.
Be competent in evaluating neighborhoods and in establishing retail market values of properties after repairs are completed (after repaired value).
Be agreeable to working with you on a “buyer agency” basis (which is discussed in the following paragraphs).
Here is the method I suggest you use to find that agent. Run he below ad on Craigslist or similar
Investor seeking a real estate agent that specializing in distressed property
I can submit all cash offers and close quickly.
Call Duncan at 248 6426.
It is very important when they first contact you, that you are very clear in your criteria. For example, you want to describe the type of deals you are looking. Here is my criteria :
• Handyman, fixer-upper single-family houses located in decent neighborhoods, not in any marginal, high-crime areas
• Preferably vacant and institutionally owned houses (bank REOs) in need of a lot of work, not just cosmetic repairs
• Houses priced well below retail market value (after repairs)
Make sure you tell them that you will be offering all cash, with only a few contingency clauses, and therefore you expect to pay a substantially lower price. Tell the agent. that your offers will based on your sound investing principles taking into consideration precise market-derived data. Make sure the agent understand that you are not just random, low ball offers. Tell the agent needs to understand up front that you expect only one out of maybe five of your offers to be initially accepted. However, the agent needs to know that you will want to follow up on each property and will continue to submit offers periodically on the same property until it is sold, either to you or to someone else. Tell the agent you want a buyer’s agency agreement applicable to all houses presented to you.
When you find your dream agent, it will be well worth it.! Don’t take the path of least resistance—and simply tell your their agent to call you when they have found a candidate property to look at. YOU have to be more proactive in the process. Some agents know exactly what to do and how to do it; others may need a little prompting from you.
*** Make sure you read our article for Goldmine the MLS for fast cash HERE
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