Viewing entries tagged real estate agents Subscribe to feed

Is Your Real Estate Agent Helping Or Hurting Your Sale?

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Thursday, 09 February 2017
BestTransactionFunding

Are real estate agents really helping or hurting investors’ efforts to sell homes?

Many property investors and regular homeowners simply aren’t aware of how beneficial or harmful Realtors can be in the mission to sell their properties. How do you know if yours is doing their job? How do you spot the good among the terrible?

The Issues

Just as with investors, not all Realtors are perfect. But, there are great ones out there. They can offer a lot of value to those flipping houses, restructuring rental property portfolios, and searching more homes to buy and wholesale. Those that fail to operate ethically, don’t have the hustle, or simply are not tuned into current trends can really hurt the sellers they represent, and be a major roadblock for buyers.

Unfortunately, some agents still hold out on presenting offers; either to wait for the one which offers them double commission, or because they don’t understand them. Some are just slack at returning inquiries and following up. Others don’t have the motivation and hustle to try and make deals work and make the most out of every lead.

This doesn’t serve anyone well. It can result in properties rotting on the market, owners losing homes or failing to get the most money in a timely manner, and it can choke the pace of the market too.

What to Look for in an Agent

To beat the above issues real estate investors need to select the agents they work with carefully. Don’t just hit Google or go based on who has a lot of yard signs out. Don’t base the choice on years in business either.

Instead, look those you can build a relationship with. Those that put values and service first, those that are hungry and active, and those that can answer questions about quirks in the market or can find out fast.

Test them. Do they answer calls on their properties fast? Do they take offers and try to make them work? Do they know the requirements of local associations, building codes, and mortgage lenders?

Always do a little mystery shopping before selecting an agent to help you. Then if you list with them, do it again. See how well they are serving potential buyers for your property. If they aren’t presenting you offers, responding, or being courteous, you may have a case to fire them and find someone better.

What have you found is most and least important in choosing an agent? Let us know your favorite investor friendly agents around the country on our Facebook page

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estatewholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

Rate this blog entry
0 votes

4 Places To Find More Wholesale House Deals Now

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Friday, 16 September 2016
BestTransactionFunding

The latest data shows house flipping activity hitting a new high. But with all the extra competition where can real estate wholesalers get the edge and find the deals?

Mix Your Cardio & Scouting Properties

There are thousands of investors out there hunting for deals. Many are getting better and better at using technology to scout potential deals, and to be alerted to new listings. They are marketing more broadly and are sending a lot of blanket mail. Yet, many of the best deals can be hiding in neighborhoods right around you. Most are not listed on the MLS. Often the owners are not proactively looking for buyers. But they can be great deals. Get out there and find them. You can drive. Or you can go deeper by getting on your bike, walking, or running. You’ll get some extra cardio in, and may even get the chance to build more personal connections and relationships.

Note Investors

New data from DistressedPro shows that while foreclosure activity may be declining in most states, bank repossessions and mortgage defaults are still around twice as high as before 2008. Yet, not all are speedily making it to auction or are being remarketed publicly. Billions in non-performing mortgage loans are being sold through back channels, and to note investors. Find these players and offer your help when borrowers just aren’t going to be able to stay on track.

New Real Estate Agents

Thousands of new real estate agents are getting into the game. Very, very few get started with any idea of what they are doing. Training, education, and support is minimal. Most often they face intense competition from their coworkers in their own offices. That leaves them few places to find help when they get stumped or are trying to figure out what to do with leads. Help them out. Make sure they know you are there to buy their good deals, and set them on the right track to find what you are looking for.

New House Flippers

House flipping has become a new craze spurred by endless ‘reality’ TV shows. Everyone wants to do it. Some are making incredible spreads by fixing up and flipping homes. Yet, data from RealtyTrac shows that turn times are reaching new highs at an average of over 180 days. That suggests many are getting stuck. They are having a hard time turning around properties, and many are running out of funds in the process. Be there to take those deals off their hands, and bail them out when the numbers make sense.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

Rate this blog entry
1 vote

Why Realtors Should Be Giving Thanks For Wholesalers This Week

by blogger1
blogger1
Guest has not set their biography yet
User is currently offline
on Wednesday, 18 November 2015
BestTransactionFunding

Despite many preconceived misconceptions real estate wholesalers and agents can greatly complement each other. Here are four reasons Realtors shouldn’t miss the opportunity to thank a wholesaler this week…

There is a lot to give thanks for in the weeks ahead. Holiday sales, some extra time off, the freedom to get into the real estate business and change your own future, and your family’s future. It’s also the perfect time to experience some gratitude for all those out there that are striving to do good real estate business, in spite of all the temptations and pressures to take short cuts.

Realtors and wholesalers often (incorrectly) view each other as the arch-enemy. It may sometimes seem that you are competing with each other. But in reality you can help each other, a lot. If you learn to work together. This is true, even when you are marketing to the same people.

Wholesalers are Great Clients

Real estate wholesalers can be far better clients than the average home buyer. Providing you can serve up good deals; wholesalers are no nonsense buyers that act with lightning speed. You aren’t going to have to drive them around for six months while they constantly turn down properties because of the carpet color in the third bedroom. That makes them far higher ROI clients too.

The Dig Up the Hard Deals for You

Property wholesalers are experts at digging up those really hard to land deals. They know how to reach out of area owners, get complicated deals structured, and they know how to negotiate. Even if a wholesaler buys one of these properties the odds are that it will ultimately end up as a Realtor listing. This may be immediately, or after it is rehabbed. That’s more deal flow.

Make Properties Easier to Sell

When a property goes from wholesaler to rehabber, or title and lien quirks are worked out by wholesalers; that creates a better looking, easier to sell listing for real estate agents. Again; more ROI on your time. This also improves neighborhoods and means you can sell more other properties for more money, and more commission!

Great Referral Sources

Real estate wholesalers are great sources of referrals. The bottom line is that not everyone is a candidate for selling their property to a wholesaler. Sometimes the numbers just won’t work, or the owner is fine waiting in out on the MLS for a few months. Wholesalers that have already spent money and time on generating these leads can certainly be great sources for these deals. If you are working together and not against each other.

Summary

So give a wholesaler a hug this week. Thank them for their service to the local community. Reach out and surprise them with a “thanks” and lunch to see how you can work together for your mutual benefit.

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

 

Rate this blog entry
0 votes