I've established a relationship with a local Realtor to help us find properties for rehab in southern Maine. I'm trying to put together a process that will help us find and analyze properties without placing an undue burden on the Realtor. This is what I've put together and would appreciate your thoughts on it.
The Realtor would forward all details (a listing sheet?) for specific sold listings we request in the area of our target property. We're finding those sold properties via a Realtor Office's website that allows for a search of sold properties. (I'm not positive it lists every sold property, but have no reason to believe it doesn't.) With that data, I can ascertain a rough ARV for my target property, myself. If we feel we might have something to work with, we'll schedule a showing, do a walk-through, estimate repairs, and ask our Realtor to validate our estimated ARV if we think we're on to something solid.
Additionally, we'd request the Realtor set up his MLS system to automatically forward all new listings for properties in our targeted sales price range to our email.
Thoughts? Too big a request? Not enough? Not kosher?
Thanks for any feedback you care to share!
@Jeff Pelletier I don't think it's too much to ask and is similar to what I have set up with my Realtor. Our informal deal is that I will secure my current and future business with her and she takes care of me. She hustles well and I have spent time with her so she understands where I am coming from. She does a great job. When I finish a deal (sell a house) then I give her a nice gift in addition to the commission. Usually a gift card of decent value. I use her in the buy and sell side. I have been training her to understand the math which usually entails fairly low offers in the buy side and she is getting better at working the other agents. I don't mind paying the commission so I can focus in what I need to do.
Your plan looks very agreeable to me.
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