Monday, March 4, 2013

Tips for Real Estate Agents Working with Investors

Every good agent will have a list of investors, real buyers, rehab flippers, landlords and ethical seller/finance wrap installment types.

The Realtor needs them as buyers and sellers. Not all properties are suitable for retail to the average family.

The same things that a "wholesale" type need to do is what Realtors should be able to do, identify deals that don't fit the standard listing, understand rehab and get estimates, provide comps and rent rates.

A Realtor needs to understand the valuation process based on good data. Share the details.

Know what your investors are interested in and keep an eye out for those, pretty simple, investors are easy sales, much easier than the average buyer or seller.

Keep in touch as you would in any relationship, let them know you're there.

Don't be critical off the bat with new investors, they don't know what they are doing is illegal or unethical (do as I suggest, not as I do, LOL) if they actually have the ability to do deals then teach them, they will return loyalty and appreciate you keeping them out of trouble.

I'd suggest that Realtors should be more receptive concerning lease-options and installment deals, if all they do is work with qualified buyers today, they aren't building future sales as they could be. Understand that you can earn a fee as well as a commission on a sale.

Good luck...

Source: http://www.biggerpockets.com/forums/48/topics/84379-tips-for-real-estate-agents-working-with-investors

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