seller financing & the realtor dynamic

[Kyle Mack]

There's a duplex that I'm interested that looks like a candidate for seller financing. My realtor showed me the house. I stuck around and started talking to the tenants: They spoke of a older guy possibly looking to retire and thus, begin to unload his portfolio, and the tenants gave me the owner's contact info. 

I would like to negotiate with the seller directly, possibly for seller financing, but my realtor told me not to negotiate with the seller outside of the offer. 

Does it sound like the realtor is telling me not to negotiate outside the offer because he doesn't want to get cut out of the commission for the work of showing me the duplex? Has anyone else been in a similar situation with a realtor?

I guess sometimes it seems that agents just want a contract signed (and thus get paid) when I want to work in my best interest :) and get creative...

[Brian Gibbons]

@Steve Vaughan And @Guy Gimenez

I like your answer is the most common when I do the list of properties I told them they have a legal contract with the realtor, period.

Bill Gulley says all the right things about a listing contract. If the Asian failed to perform regarding marketing to bring buyers that are qualified for cash offers through the property, well that's a grievance between the seller and the owner. There are terrible poorly trained agents out there, and the best way to get working with an agent that performs well is to look at the agent that is listing most of the houses.

I like to talk to agents that are killing their local market, and I asked them to send me pretty houses that have very little equity, and I tell them exactly what I'm doing, subject to, wraparound mortgage, or a lease with option.

I asked them if their seller does not like listing their house above market price with the low equity to bring me in as a seller financing expert. I'll make sure they get their commission.

Ignore all the other agents, I think I read somewhere that the top 5% agents so 90% of the property.

When I was selling health insurance for small businesses, Blue Cross Blue Shield was increasing prices 2 to 3 times over 12 months. I just knocked on hundreds of doors and asked them do you want to save money on your health insurance. I was Number one in the office because I got the numbers and prospecting really high.

I am saying this because most real estate investors are lazy and they don't want to talk to people, including buyers sellers renters realtors and mortgage brokers, Real estate attorneys, and title company managers

Here's an idea, if you want make a Tonna money, get a list of all expired listings that are pretty and it expired at the end of November, give them a letter that tells them they have other options besides listing it with an agent, and you can get their solution within 30 to 60 days, it is going to entail sitting down at the kitchen table and talking about the numbers and going over several different solutions, if you are an agent and I hope you are if you're doing seller financing, tell them that you can help them sell without a commission and you'll get your fee from the buyer, and if you're not licensed trading I'll see you and have a license leasing agent in that LLC so at least you have somebody that's got a license and your company.

I will train you for free if it's a win-win, and other words if we both can make some money