building your team - working with real estate professional

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Page 1: Building Your Team - Working with Real Estate Professional

Building Your TeamWorking with Real Estate Professionals

FOR EDUCATIONAL PURPOSES ONLYSEEK PROFESSIONAL ADVICE BEFORE UNDERTAKING ANY STRATEGIES REFERRED HEREIN.

Page 2: Building Your Team - Working with Real Estate Professional

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

Page 3: Building Your Team - Working with Real Estate Professional

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

Page 4: Building Your Team - Working with Real Estate Professional

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?”

Page 5: Building Your Team - Working with Real Estate Professional

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

Page 6: Building Your Team - Working with Real Estate Professional

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

Page 7: Building Your Team - Working with Real Estate Professional

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