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Updated about 10 years ago on . Most recent reply

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36
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Brad Boone
  • Real Estate Agent
  • Otsego, MI
10
Votes |
36
Posts

Best advice ever if your buying in a hot market!!

Brad Boone
  • Real Estate Agent
  • Otsego, MI
Posted

I'm a realtor but I will have one of my partners call the listing agent and get the offer in thru the listing agent. You will be amazed how many time you get the deal. I'm glad to give up a 1k for 10k.

Most Popular Reply

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Will Barnard
  • Developer
  • Santa Clarita, CA
10,945
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15,747
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Allowing a listing agent to double dip the commissions is an old, but very viable strategy. One that I used many times on REO deals a few years back. Nowadays, it is common on certain listings like short sales, where the list agent will not or can not dual represent so in those cases, the tactic can not be used.

I created another strategy to avoid the potential conflict of interest which allows me to gain a better chance of getting my offers accepted from list agents where they make more money without having to dual represent. I have used it many times and it is quite effective and helps build relationships, the #1 game in this business.

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