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Updated over 6 years ago on . Most recent reply
Finding a realtor willing to make multiple offers
I often hear BP discussions around having a funnel and putting out lots of offers in order to get good deals. However, I haven't found many realtors out there willing to make 10+ aggressive offers for the possibility of one deal. In particular, realtors in more active areas don't even want to consider wasting their time making what they feel are "low-ball" offers. Is this just a matter that I haven't found the right realtor yet? Or should I look for more ways to make offers on my own? Would appreciate any advice. Thank you.
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As a realtor and investor, I see both sides of this.
Many investors ask us to write up offers that are crazy low, without offering anything to show it will close - For example- are you all cash? as you asking for all contingencies? Are you doing a bunch of leg work without your agent? (drivingby properties, assessing rental market, etc) or are you asking your agent to do this?
Have you shown the agent that you have closed deals before? So many people see how hard it is to find great deals, only after using the agent for hours and weeks. Remember, agents only get paid when they close a deal, so if they think that you wont close, they are better using their time elsewhere.
If the offer is accepted, are you certain you wont back out for small things like a stain in the garage, a broken window, a $75 repair, etc.
Show the agent how strong a buyer you are- cash, prequal with large down and excellent credit, easy negotiating on the small stufff, etc.
I hope this helps- It's all in how you portray yourself to the agent to get the deal done.