All Forum Posts by: Sean Brooks

@Bobby Narinov 

If an agent refuses to submit an offer you can contact the agents broker. This will resolve an issue of your offer being submitted. All offers are to be submitted even if it's ridiculous.

@Lance Stull 

Everyone indicated the correct answer regarding these signs. As Andy indicated these are for distressed sellers. In general they will not offer you what the market price may be in your area for your property. Some sticking to offering 70% of the value of the property. Since their purchasing for cash they have to make a profit verses when a home owner is purchasing a home, they general either pay listing price or less but not 70%. Of course what a property sells for depends on several factors like if the property is priced correctly.

If you're in a rush or not in a rush contact a Realtor. Depending on your market if the inventory of homes available for sale, it may receive multiple offers.

@Damon Marshall 

Welcome to the group there are a lot of all different types here which makes it a beautiful site to network.

@Nalo Coban 

That's a nice name first of all. Everyone has shared some good solid advice. You could also look into wholesaling as another means of generating an additional income. All the information on the subject is here.

Then take the proceeds and payoff the debt sooner. This way you could make small profits over a time frame, then transition into an investment property to generate cash flow.

Just an idea

@Roy N.

I learned a long time ago that it's no true right answer in any situation. It's on the person perspective that causes an answer to be right. I don't get offended over a person disagreeing with me. I would say anything can be learned so if you find a good agent that's whiling to learn more about these deals - they would take the time out to learn.

I also know the reason why a person (not an investor) hires an agent to handle their real estate affairs and that is they do not want to be confronted or offend anyone regarding price. So the agent rejects, counter, accepts, negotiates various issues, etc. People don't want to argue over selling a property and it can happen.

I'm not going to bring an investor in the room with my client (s) unless I know how an investor negotiates. I'm not in the business of having anyone being insulted directly. If it's going to happen, it's going to happen without my client hearing face to face. This is my professional standard that I give my clients.

I even heard of some people that say they do not want to sell to an investor. That could have been because of a past experience.

Also a residential agent can learn about these deals and become great in both areas.

At one time, you did not know but you learned.

Now situations for investor to investor I say if you guys want to sit face to face and potentially get into an argument and your comfortable then by all means sit down. But I know when this happens you could be dealing with two people with possible huge ego's.  You have one person trying to get the property for cheap and the other is trying to get the max amount of money.

@Kenneth Knight 

Are you familiar with all the condo laws in Delaware?

You want to get to know them.

Welcome to BP James

You'll learn a lot from the group

@Roy N. 

I listed the duties not all agents do all.

I understand your point. But in that case, the homeowner would then be a FSBO because a Real Estate Agent is hired to handle the process for the homeowner. I don't think it's loosing control it's more of doing the job they were hired to do.

Here are a few reason why agents don't bring the two together.

I've had a person walk into a home, love the home and then turn and ask.

Do an Asian own this home? I can't answer that question.

You avoid a lot of situations by separating the two parties.

You avoid an argument breaking out at the table.

You can avoid an owner from discriminating towards a potential buyer.

Real Estate Agents go back and forth - ----or in your case Real Estate Agent to investor.

As an investor you can hire an agent to present offers, negotiate for you. It doesn't cost you money.

@David Hunter 

That's some good information to know about Ohio. Not all agents are created equal. I have a few agents that won't call me back and I do not understand. I normally call first to indicate that the offer is coming over and to review it. I've return calls that was made to me at 9:00pm.

Get to know the fair housing act to make sure your following the law.

http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/FHLaws/yourrights