Investor · Acworth, GA · Member since 2015 · 95 posts · 23 votes
What is the easiest way to make multiple offers to multiple MLS properties? It is hard to find a realtor that wants to write 100 low ball offers so what do you do to get this process accomplished?
1. Call the listing agent?
2. Send the listing agent your purchase contract with an offer price?
-if so, do you think this ever makes it way to the sellers?
Real Estate Agent · Bronx, NY · Member since 2015 · 211 posts · 88 votes
11y
If you're just looking for an agent to submit your paperwork in large volume, look for a new agent who is looking for any way to make a commission. Experienced agents who know the market and the business are very unlikely to want to work with you. There are way more inexperienced agents than there are seasoned experienced agents, so it should be pretty easy to find one to work with.
Landlord and Real Estate Agent · West Orange, NJ · Member since 2011 · 67 posts · 38 votes
11y
Mark,
As an agent and investor, I would never want to write that many offers for one of my clients. However, in NJ as a listing agent, they are supposed to submit all offers as long as the property is in an active status on the MLS. So, with that said, get a copy of your state contract and submit your offers to the listing agent/broker, and submit a form that makes them acknowledge that they submitted the offer to their seller.
Another thing you can do, and I have done this for an investor before, is have all your contracts pre-filled, and signed, so all you need to do is add any necessary information, and date them. You may be able to find an agent to submit them for you if you have that system in place. Otherwise, it's a pain in butt to write up all those offers.
Lastly, now a days, forms are done electronically, so if the template works for you and you can do it online, the agent can just click a few buttons and you're on your way. Still time consuming for the agent, so you have to find a way to make it a win win.
If your rehabbing, then prove to them that you're serious and have the funds to buy, and promise them the sale on the back end. If you're buying to rent, then again prove you can buy and have them find the tenants, or even manage the property for you.
Investor, Realtor · Decatur, GA · Member since 2015 · 89 posts · 45 votes
11y
Mark, you are right. writing 100 offers to get 1% acceptance on a low-priced house is not the best use of a realtors time. A better way is to Partner with an agent to discuss a way for you to do the work and agent provides the documentation and support. I have done this and it works as long as it is a win-win.
1) you can call the selling agent directly but they will almost always try to get you under contract for dual agency. That way they get to keep the entire 6%. That's no real advantage to you.
2) this is the best way as long as your contract is complete. The agent is legally obligated to present all contracts to seller.
3) license will help you but in my opinion it's better to add one to your team instead of trying to do it all
4) it's always good to have a realtor as an advisor.
Real Estate Agent · Bronx, NY · Member since 2015 · 211 posts · 88 votes
11y
If you're just looking for an agent to submit your paperwork in large volume, look for a new agent who is looking for any way to make a commission. Experienced agents who know the market and the business are very unlikely to want to work with you. There are way more inexperienced agents than there are seasoned experienced agents, so it should be pretty easy to find one to work with.