Do I use a Realtor for Real Estate Investing?
Real estate investors are usually the best solution for a home for sale by owner. Sadly Realtors and their organizations have done their best with a national campaign to mislead buyers and sellers that a Realtor is needed to buy or sell a house for sale by owner. If your property is for sale by owner you must know the pitfalls before even considering a Realtor.
Let me start with a story: A Realtor is the only person I know where you can walk in with a $100 bill, tell them you’ll pay them a 6% commission if they sell it for $200 and the Realtor will say “OK, I’ll do it…. We just need you to sign this 6 month listing contract!”
Realtors are a hazard for FSBO’s because they want to lock you in to a 6 month or 12 month contract that forces you to pay a commission. You risk everything and the Realtor risks not a thing but wants to get paid 6% or more for doing little more than listing a home in MLS.
If A Realtor Is Bad What Should A Home For Sale By Owner Do?
Contact real estate investors and explore your options. Not all real estate investors are the same and it is important for a home for sale by owner to understand they are looking for the investor that looks for a solution to their situation. While it is true investor must find a way to make a profit on a FSBO or there is no reason to be involved there are many ways this can be accomplished that may realize more profit for when selling a house for sale by owner.
Why A For Sale By Owner Would Sell To An Investor Directly Rather Than Listing With A Realtor?
Reason #1: Investors can close fast – if need be, within 24 hours or on a timeline to fit the for sale by owner’s wants.
Reason #2: As-Is – Whatever the condition of the property an investor can deal with it.
Reason #3: Real Estate Investors are creative solution providers and offer For Sale By Owners a variety of options to get the house sold quickly with no hassles.
Reason # 4: You get a fair price. There are no fees, commissions or contracts that hold you up long term. If you are not completely satisfied with the terms the accord offered by the investor the FSBO chooses not do business together and everybody can part as friends.
Reason # 5: You deal directly with the investor. It is easier to present the right offer when the wants for the FSBO and investor are on the same page. If the owner needs 25K cash for their son’s colleg and $2,000 per month to support tuition this may be much easier to accomplish than either an all cash sale or the having a Realtor that doesn’t understand the objective or offer but wants to get paid a commission irregardless.
A must read book on real estate investing for homeowners, real estate investors, and anybody dealing with real estate is Real Estate Magic 101 – How To Get Rich In Real Estate Even If You Are Dead Broke!
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