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Updated over 2 years ago on . Most recent reply

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John L Daly
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looking for a real estate agent

John L Daly
Posted

Im looking for a real estate agent that has connections with investors and that has off market deals ??

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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

@John L Daly While there may be a few exceptions here and there, off market deals tend to be the ones you source, not your Realtor. Realtors specialize in ON-market deals for the most part. So the way you source off market deals is to call, mail, call again, mail again and repeat this about 10x. Don't expect someone else to do this for you. Sure a wholesaler can do this for you and then charge you much larger fees to flip the house to you for their profit and squeezing you. I kind of laugh in my area about "off-Market" deals pitched by wholesalers. It's really just a marketing term, not what most people think. I mean when an email gets blasted to 4000 people and 40 of those show up for the viewing and bidding at 2pm on a Friday afternoon, then is it really an "off-market" deal. To me that is very much an On-Market situation, and just a different way to market vs MLS. We often see MLS deals also remarketed this way. Too often I'll send those out to my clients, only for them to get ignored and 2 weeks later they're calling me saying they found this off-market deal....only for me to have to tell them, I sent it to them 2 weeks ago and they could have purchased cheaper from me, but now they're going to pay the "wholesaler" an extra $5000-$50,000 and pay all the closing costs twice.....hey, but it's a wholesale deal.

Use your realtor to find you the on-market deals.  Less risk, often better than off market price, and probably will save you a lot of time and money.

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