BiggerPockets

Hi to everyone,
Can anyone guide me that how to find a real estate agent in our area to sell the property. Anyone provide me useful tips to find a real estate agent.

With Regards,

The best way to find a agent you will be comfortable with and like is to just meet with some. You can get their names through referrals of friends or even ratings of local agents. Also it always helps if you go in to the meeting with your own ideas in mind and don't let them just control it. Good luck and I hope you find a Realtor that suits your needs.

Another thought is to seek out a discount broker to list your house for cheap ... this assumes you're comfortable dealing with many of the details in the sale of your home. If you go this route, I'd make sure you offer a competitive BAC (buyer's agent commission) ensuring selling agents will show your place. If you discount the BAC, you risk selling agents bypassing your home in lieu of other listings where they earn a higher commission. May not be the same in your area but where I live, 95% of homes are sold via the MLS so doesn't really matter who lists your home just as long as you cater to the buyer's agent (i.e. nice commission).

Find one that also invests in real estate, they will understand your point of view.

Good to meet you...

Dont you know that's why Realtors put their picture in the newspaper? Thats how you find one... Pick the best looking agent...

j/k but so many investors pick them that way...

To find the "right" real estate agent to help you, contact your Title Rep; he or she will probably know who would like to help you. It may cost you lunch or more, but it's worth every cent.

One of my Mentoring students created the following which helped him find the right agent to work with... Hope it helps..

Venture Proposal

Traditionally, Realtors and Real Estate Investors haven't been involved together in real estate transactions. Real Estate Agents often see Investors as a group of strange people doing strange things with property. Investors have often seen Agents as competition. However, times have changed. Today's real estate market presents a great opportunity for Realtors and Real Estate Investors to work together.

What's going on in the market? We all know that the number of foreclosures continues to rise across the nation. And it's getting worse. Over one in ten borrowers with a prime loan is now delinquent or in foreclosure. In most areas property values are substantially below what is owed. This results in thousands of properties in need of a short sale.

What is the impact for Realtors? Many Agents walk away from short sale deals because:
 Homeowners owe too much.
 Their expectations of the price is too high.
 Market times are too long.
 Little room for commissions.
 Just don't do short sales.
 Don't know how to do short sales.
 Can't submit a short sale without an offer.
 Illegal for an Agent to represent a seller on a short sale in some states.
 Often lose out because a prospective buyer won't wait for the short sale transaction.
 Banks want Agents to cut their commission rate.
 In some states a Realtor runs the risk of being accused of acting as an attorney without a license when they represent a seller on a short sale.

Although a small number of Realtors actually do short sales, I've heard they'd rather have a root canal!

Working with me can overcome many of the challenges Realtors face on these short sale properties.
 I understand the short sale process.
 I have a background in negotiations.
 I don't mind doing the paperwork!
 When you meet a homeowner who is in pre-foreclosure and needs to sell, you have someone you can refer them to.
 You take the listing.
 I contact the homeowner and collect the necessary documents.
 I submit the short sale package to the lender.
 An all-important Purchase Agreement accompanies the short sale package. This is the best way to get a Loss Mitigator's attention!
 While I'm negotiating with the lender, you do what you do best: market the property and find me a buyer.
 The short sale gets approved by the lender.
 We sell the property either by way of simultaneous close or double escrow to your buyer.
 You collect your commission!

In today's market we need to get creative. Working together as I've laid it out above can be a win-win situation. We help the homeowner out of a difficult situation. You can accept a listing you may have otherwise turned away. (In fact, you may even want to market especially for homeowners in pre-foreclosure!) You end up making a sale and earning a commission you may have otherwise lost. Hopefully, if the numbers work out I earn a modest profit in the end. With the opportunity that's out there, we can do this over and over again!

If you want to add this strategy to what you're already doing let's get in touch. Contact me with your deal, and let's get started!

I look forward to working with you.

Happy house hunting

Michael

It wasn't that long of a commercial.. lol

And as far as using a Big Realtor... If youre a new investor having an agent who can afford you is paramount... Besides they know how to close deals and other agents know it... Live off their reputation.

As a Broker as well I hate dealing with slug agents and love dealing with the pros...

And for Discount agents. In a Buyers market they dont work... They do work great in a sellers market...

Just be cautious if you decide to use one..

Michael