What kind of agent do you need to be working with? Someone who's not afraid to go to a questionable property or neighborhood, who knows how to scan the area for trouble - I've had one investor car-jacked while at a property we were about to close on. Needless to say we killed the deal because we knew he'd be a target every time he was there. Your agent should be familiar with REO and HUD properties and the drill for closing them. They should know how different REO brokers do things (they're not all the same) and how to work them to make the deal most advantageous to you.
What's in it for the agent? Multiple sales that come from working with investors looks good in their stats for marketing purposes. Many investors are networked with other investors which can provide referrals. I market my investors properties for rent, so I make that commission also, plus you get to list the rentals again when the tenant leaves. Renters are a prime source of leads for 1st time buyers, who are about the only people buying right now, other than investors. The sign calls off of the rental listings are a source of prospects for both rentals and sales.
Our recommendation is if your fee for professional services is a fair one, consider using any additional adjustments to decrease the price of the home or present some type of incentive to the buyer.
Focus on attracting buyers.
What a refreshing question, obviously from a seasoned investor. I will answer that question with a question!
How many propertiies are you going to purchase. I work with many invertors, but they are buying more than a few properties at a time. I have many lenders lists of REO properties, and also FDIC lists. Many of my investors buy 10-20 at a time. Because of the volume, I do NOT expect anything more, and I give them the best service I can. But, if they want to compensate me with a little extra then I would not turn it down!!! :-)
If you need any help fron an OLD PRO, call me at 678-878-9599 or email at email@example.com.
Dave Caplin, MBA, CCIM
Keller Williams Realty Atlanta Partners
Your MONOPOLY Coach
Price it aggressively, ensure it's posted all over the place and understand that about half of the properties selling are coming from direct consumer marketing - not just the MLS. Price it right, expose it properly and it'll seel.
I think adding to the commission is a good way to get a good agent to work with you, considering the price point of the properties you are interested in.
If, by the way, 30319 is your preferred zip code, that's where my team is based.
If you drive around Brookhaven, you'll see our signs saturate the area.
If you need assistance in Brookhaven or elsewhwere, don't hesitate to call or e-mail.
I've been doing a lot of searching in Buckhead and vicinity lately with clients, there are a couple of steals right now!
Muffley & Associates
#1 Selling Keller Williams group in Atlanta 2007/2008/2009
#2 Selling KW group in South East Region 2008/2009
TOP 20 Selling KW group in the Country 2008
I think your point of view is " Marketing Motivated " and has potential to motivate agents. However, as a Buyer's Agent I welcome the opportunity to do aggressive business with a motivated Investor and that investor adds to my commission based upon the success of our partnership. To learn more about me as a Realtor please visit my website at http://www.rickpaynesold.com. Especially, preview my cover page " About me" and the other added value information I have on my website. Hopefully, this will give you a better understanding why I believe we could mutually do a lot of business together. My contact information is 678-427-5512 (cell) or email me at firstname.lastname@example.org.
I look forward to hearing back for you in the near future.
Keller Williams Realty