BiggerPockets

I just finished watching good video on using the MLS to sell properties under contract much faster to buyers. Is there anybody out there that is doing that now ? I just wanted your input on this. Sure you have to pay the agent 3% or 6% for listing it and marketing, but it does it ALL of it for you, and you can sell to retail or, investors. Anybody have a clue what I am talking about? Share your thoughts, and if you agree/disagree with it whatever, just share your input on this. Thanks

Thanks on your quick response J. I have been reading a lot about Flat Fee MLS postings, and from the video I watched, this is the best way to get property sold quick.

However my question to you is, when posting wholesale deals on MLS through flat fee method, you attract both 1,) Retail buyers, and 2,) investors, my question to you is, if the wholesale deal being sold on the MLS is to a retail person, and they want to buy the property, is there a method you can only use to have them pay cash only? Because most retail buyers, unlike investors, don't have hard cash right away, so more than likely they would have to obtain financing, how do you go about that? Would I just contact a mortgage broker that is able to get the deal paid off?

And lastly, if a retailer buys your property off of the MLS, you basically do the same thing with the deal as you would with a investor right, which is basically assign them the contract ( and your fee) and the buyers contract right?

Thanks

Thanks on the info. This is the video I watched, watch this guy , he says you can sell to retail and investors: http://youtu.be/e-Xcs_3wcuo

Your thoughts?

The reason you aren't getting a response is you are asking most of us if the sun will rise tomorrow.

Check with your local MLS on rules about posting something you don't own, odds are you can list it, but you can't list the property if it is currently listed as either an active or pending transaction. So if you are buying an REO, odds are its already listed either active or pending so you can't relist. If we could..thats all i'd do.

I flipped over 30 properties last year, all were sold on the MLS. Many I've put on craigslist or whatever, but a complete waste of time. Either the sign in the yard or some realtor found my buyer.

Interesting video...thanks.

As for the question, point 1 in the video is "Do not over complicate it".

When you put your properties in the MLS take Aaron's advise and either market it to investors or retail buyers. That's who you're going to attract. Let the Buyer's Agent worry about financing, how to get their client into the property, and everything else that agents do.

If you focus on finding them mortgage brokers, helping with loan options etc. it moves you into a grey area that may constitute practicing real estate without a license depending on your state. This is the reason he glossed over it in the video.

The long and the short of it is pay the 3% and let the agent representing the buyer worry about the buyer. You don't want those problems.

The MLS is just a marketing tool. You will probably get both cash and financed offers; you are perfectly within your rights to only accept the cash offers if you wish.