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Updated over 15 years ago on . Most recent reply

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37
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6
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Dan Favor
  • Real Estate Investor
  • Howell, MI
6
Votes |
37
Posts

Looking for contract negotiator for my short sales

Dan Favor
  • Real Estate Investor
  • Howell, MI
Posted

Looking for contract negotiator for my short sales. I am trying to see if it would make good business sense to farm out the negotiation segment of my business and consentrate mainly on marketing and aquisition.

Most Popular Reply

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1,018
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802
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Scott Hubbard
  • Rehabber
  • Tucson, AZ
802
Votes |
1,018
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Scott Hubbard
  • Rehabber
  • Tucson, AZ
Replied

The real questions is, how much are you losing by using a negotiator?

When I work directly with RE agents where there is a retail buyer, I have yet to NOT get an approval. It is like shooting fish in a barrel.

I do not know anything about Short Sales for America, but they do not publish their investor program on their website. Seems to me the $250 cashback is a gimmick based on my own track record.

I want to know, if they are "free" for investors, what kind of spreads can they get? Perhaps Brad can give us some examples of deals closed where their "free" can actually be quantified. Or, at least share with us some of his successes.

Let's face it! To actually close one where an investor is profiting that is the challenge.

When hiring a negotiation service, check to see if they have success with short sales in an investor scenario. Because, if your service is doing mainly retail scenario's, they are really a mediation service or processor not a negotiation service.

Are they countering two or three times per deal?

Are they utilizing third parties to offer support for your offer?

Are they familiar with auction sales as a percentage to traditional sales?

If they cannot answer those questions chances are they are not a true investor service.

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