Shopping for Wholesale Properties and Beating Realtors At It

As a real estate investor, how can you beat realtors and letting agents at their game when shopping for wholesale properties?

With an assortment of tools including websites and glossy folders full of marketing documents, realtors and letting agents are a serious threat to people wholesaling properties. How would you beat them (the realtors) at their games to win over more wholesale properties for a better inventory?

Since the realtors want to have and eat their cake, what would be your defense or offense?

How does one get property owners to sell to him or her as opposed to listing their properties with realtors?

If you are shopping for wholesale properties, the first step would be explaining the big disparity in listing the property and selling it right now. Nevertheless, all that homeowners want is to sell their properties, so if you are ready to buy, why would they desire to include an extra step?

You can also mention how the net proceeds from the house will decrease in six months if the homeowner decides to list the property with a realtor instead of selling right now.

Thanks to commission and holding costs that increase on a daily basis from the moment you list a property, the property owner will end up with little earnings to show for it.

You can argue that there is no way, whatsoever, of knowing whether or not a buyer will come or how long it will last before closing a deal. When asked ingeniously , you will find out many sellers offering wholesale properties do not have the time to wait - they want the sale now.

A cohort of realtors are infamous for pulling fast ones on unsuspecting property owners; they lie that there are suitable buyers ready to buy or that they have a (growing) database of buyers.

Yet, if there was even a grain of truth in such claims, these realtors could just present a ready offer and their commission agreement instead of listing the property. That is not the end of it, listing a property means that the property owner must start planning for impromptu showings, vetting future buyers and hoping their loans pull through.

If a homeowner is stoked about selling, then they should consider selling now and fast, and pocket the proceeds of now instead of waiting for what could be. Look at Hamptons lettings here.

To deal your last Ace card, you must make sure you mention all things that could go wrong in the future affecting not only your ability to nuy but also the ability of others to buy including end of tax breaks, code violations, devalued community thanks to neighbors using wild colors, rushed foreclosures, broke homeowners associations as well as human-made and natural disasters. Find a letting agent here.

If you present your case in an amicable manner, any property owner looking to sell their property will pick you over any realtor - and you might even get a huge discount too!