building your team - working with real estate professional
TRANSCRIPT
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Building Your TeamWorking with Real Estate Professionals
FOR EDUCATIONAL PURPOSES ONLYSEEK PROFESSIONAL ADVICE BEFORE UNDERTAKING ANY STRATEGIES REFERRED HEREIN.
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Ideal Agent/Broker
Investor Friendly, Owns The Company
Represents Bank Owned / REO Properties
Access to Distressed Sellers / Estate / Probate
Able to submit HUD/Fannie Mae/Freddie Mac Offers
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Ideal Agent/Broker
Can Access MLS and Non-MLS Comparable Data
Can Provide Comparative Market Analysis (CMA)
Able To Provide Broker Price Opinions (BPO)
Willing to Submit Many Offers
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What To Say
“I’m interested in buying distressed properties needing
work at well below market values.”
“I represent myself and others who can pay cash and
close quickly. I’m looking for an investor-friendly agent
willing to submit several offers.”
“If you are interested, please send me some sample
properties for review?”
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What You Want
3 Bed, 2 Bath, 1500 Square Feet, 1950 or Newer
Starter Homes in “hot”, working-class areas
Low Relative Crime and Property Taxes
Motivated or Distressed Sellers
Properties Need Work
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Legal Matters
Check Laws with Local Real Estate Attorney
Make Contract Assignable (if possible)
Make Contract Escapable
Make Contract with Your Price, Terms and Conditions
Offer Minimal Deposits
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Last Words
Take the time to find the right agent
Realize all agents have limitations as to their areas
You may need several agents to best cover an area
If you find you have the wrong agent, don’t delay
making a change