I am giving away a Mercedes Benz SL with a MILLION DOLLAR HOME...

[Wendell De Guzman]

How's this for Innovative Strategy?

I am giving away a Mercedes Benz SL with a MILLION DOLLAR HOME that I have listed on the MLS for $499,900...

Background/Story:

A motivated seller about to lose his million dollar home to foreclosure approached me about helping him stop his foreclosure. He really can't afford the house (even the real estate taxes) that he decided to walk away from his property. He just wants a graceful exit - i.e., avoid the deficiency judgment or the bank going after him.

SO I propose to him this "Highest and Best Offer" event where I will have a real estate agent list the house at a low enough price to attract MULTIPLE OFFERS and hopefully, we can get the price bid up high enough to pay his mortgage.

Innovative Strategies

Innovative Strategy #1: The seller has a Mercedes Benz SL that he is ready to get rid of. He is trying to sell it for below market value. I proposed to him that we sell the house and give away his Mercedes Benz SL as a BONUS for the highest and best offer that we receive on or before March 17 (this coming Monday).

Innovative Strategy #2: which I learned from someone from Biggerpockets is the power behind the Option to Purchase document. That BP'er (unfortunately, I forgot his name) was able to list a house on the MLS by using the Option to purchase. The MLS is crucial in attracting a ton of buyers (specially end buyers).

Innovative Strategy #3: I learned this from a business partner of a member of BP - @Sean Jones . Here's the strategy: we are offering 4% commission to the buyers' agents. By having the buyers' agents motivated and eager to push this to their buyers, we should get a ton of buyers at the house.

The Open House on this Million Dollar Home is this Saturday, March 15, from 2-5 PM and Sunday March 16 (also from 2-5 PM). Hopefully, we'll get this property sold.

Are there other ways I can get this house sold? If you have other ideas (that actually worked), let me know by replying to this posting. Thanks in advance BP Nation!