3 Important Ways Realtors Earn Their Keep - and Why You Should Use Them
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3 Important Ways Realtors Earn Their Keep - and Why You Should Use Them
3 Important Ways Realtors Earn Their Keep - and Why You Should Use Them
Honestly, I could not have done a good portion of my business without the assistance of Realtors.
However, Realtors don't work for free, and it's sometimes difficult to get them working on your behalf….because the majority of them don't understand investors, and mostly don't care about you.
Sad, eh?
Today, we'll take you through the 3 Ways to get Realtors to work FOR you, and not against you. Now let's get to it! We know that Realtors get a lot of jokes lobbed their way – but we want you to consider something, they're people too. On top of that, they're crucial for helping you find deals. Here, you're leveraging OPT and OPK.
Here are the 3 Ways you get them to Earn Their Keep:
1) Realtors can represent you by Selling a property on your behalf. They deal with marketing to find a buyer, schedule and then show your property, and if they're sales savvy, handle all aspects of closing the property for you while dealing with the Buyer, or the Buyer's Realtor. Be sure to clearly define up front your objectives with the resale of your property. Further, as always, only use a proven Realtor that has an excellent track record for sales.
2) Realtors can represent you for Buying a property on your behalf. You could sign an agreement with a Realtor having them act as a Buyer's Agent to find properties which fall under certain guidelines that you've deemed fit. This saves you time looking for deals and focusing on growing your business…or just head out and play and wait for one of ‘em to call your BlackBerry on a ski lift in Vail to tell you they've got a property that has $90K profit in it for you!:-)
3) Realtors can provide you with in-pocket deals. That is, they can source deals for you BEFORE they hit the MLS (Multiple Listing Service) so you can get the first jump on a deal before other investors find out. Both us and our students are constantly coming across these deals because the relationships we build with our Realtors is first rate. You beat other investors to the punch, which ensures the price doesn't get bid up…which eats into your profit!
And, of course, a good Realtor has their own solid power team that you can Leverage. The key is to finding a good realtor to work with. When you find them, treat them right and hang onto them.
Cheers,
Brad Wozny
Originally Posted: Apr 20, 2007 at 8:52 PM Last Updated: Apr 20, 2007 at 3:52 PM
-- Current Rating: 4 of 5 Click here for a printable version.
» [- May 18, 2008 at 8:13 AM -] Val Cameronsays: This article was useful to me as I become more familiar with realtors and what their responsibilites are and how they can be helpful to me in my business. I realize that I do not need to pursue my real estate license but I can utilize their skills to help both of us earn profits.
