How to Deal with a Realtor on a NON-REO Deal???

[Edward Beard]

I recently sent out about 90 Yellow Letters to absentee owners in my area. I have received 6 callbacks so far. Most of the calls are from owners that are not that motivated, stating they are interested in selling "if the price was right". Which leads to my first question: How do you handle that caller? A.) Just throw out the MAO ti see if they bite? B.) Continue to send them postcards or any other direct mail every 60-90 days? C.) Other

I did receive one call that was pretty interesting. It was actually a Realtor representing the seller. He stated that the owner has several properties in the area and is casually selling the properties to raise funds for his new Car Lot. He did have one property in particular that was distressed and had a renter that was on a month to month lease (keep in mind the property is NOT listed). For this one my question is, should I deal with the Realtor? Should I send the offer to the Realtor? He already stated that he would probably get 2% from the deal. That 2% could be subtracted from the price if I could go around the Realtor.

Thanks in advance for your responses.

[Michael Lerch]

Edward Beard I had a similar experience. I leveled with the realtor and we made it work.

I would work with him because you never know... he might come back to you with pocket deals just for you because he/she knows you'll work with them. My advice is don't go around a realtor... EVER. It's just not worth the 2%. Besides like Ned Carey said it's the seller that pays it.