Yeti cooler for realtor incentive?

Yeti cooler for realtor incentive?

Pat JacksonPro Member
Rental Property Investor · Reno, NV · Member since 2017 · 284 posts · 137 votes

OK bear with me!  

When I was an undergrad at MIZZOU there was a wonderful college pizza joint.  Look up college pizza joint in the dictionary and this place would be the example.  Anyway, they had an advertisement describing the following situation

A psychology graduate student needed 50 students to come in for 1 hour, do a simple test, and they'd receive $15 for their time.  The graduate student couldn't get their sample size, for weeks!  No one would come in.  So the graduate student went to the pizza joint, got 50 vouchers for 2 slices and a soda (worth $8), and in less than a day had all the participants they needed.

Humans don't always equate the actual dollar amount to what they're getting.  Think about the last time you got 10 minutes free on a parking meter?  It was great!  Think about the last time you found a quarter.  Meh.

I'm flipping houses in the 85-100k range.  I don't have room to offer a huge bonus to any agent that brings in a buyer.  I can offer a ~$200 cooler.  My question is, does anyone think this would be an appealing/attractive offer to agents to bring buyers by?  Easy enough to have my agent list this offer in the agent only comments.

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Member since 2018 · 83 posts · 51 votes
7y

I think 200.00 would be cooler!

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  • Member since 2018 · 83 posts · 51 votes
    7y

    I think 200.00 would be cooler!

  • Matt CrawfordPro Member
    Rental Property Investor · Maryville, MO · Member since 2017 · 77 posts · 38 votes
    7y

    Do it

  • Real Estate Agent · Grand Junction, CO · Member since 2015 · 1k+ posts · 736 votes
    7y

    @Pat Jackson so you are offering the standard commission plus a cooler? Why do agents even need an additional incentive to show your property? Is that customary where you are? (not here). I would think a well rehabbed property that is properly priced would be incentive enough... That said, I would be more tempted to host some sort of open house that includes a $10 gift certificate (pizza?) for every buyer that visits WITH their Realtor - you can set a limit of "first X through the door". 

  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    7y

    If you Action from buyer agents....give them an extra 1%.....it works the opposite than when they are offered 1% less by an owner/agent who thinks they are “saving money”.

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