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Updated over 11 years ago on . Most recent reply

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5
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Keith Wiggins
  • Contractor
  • Cedar Rapids, IA
0
Votes |
5
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What to do with off market properties?

Keith Wiggins
  • Contractor
  • Cedar Rapids, IA
Posted

This question is geared towards other brokers/agents:

I find a lot of sellers that only want their properties sold off-market and they do not want to sign any listing agreement.... This can be frustrating because the risk of not getting compensated for your hard work and protecting yourself and your clients play a big role! What is some advice from others when dealing with these kinds of deals? take them or not? should I pursue buyers for these sellers or move on to another deal?

I don't mind taking these off market properties and not listing them publicly but I want to protect myself and my buyer/seller clients also....

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29
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12
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Eric K.
  • New Orleans, LA
12
Votes |
29
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Eric K.
  • New Orleans, LA
Replied

Off market properties are something you keep in your back pocket. You don't market them but if you come across a buyer who wants that kind of property then you present it to them with the others.

When an offer or contract is written you include your commission in the document. Put it in the LOI. If has the same effect as a listing agreement.

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