FL MORTGAGE BROKER: LIST property to sell fast and save too

[Account Closed]

As a Florida Mortgage Broker for a long time now and like other Mortgage Brokers who've been in the business since the 90s, I've been involved directly or indirectly, on many thousands of purchases deals.

In this seller's market, if you can't or don't want to do a FSBO, here is what you do.

Instead of listing a bunch of steps in this initial post, I'll number them as we go.

STEP 1  

Contact a Buyer's Agent who does not have to split the 3% listing or 3% buyer agent sides of transaction with their Brokerage.  

So called "Experienced" agents that are still surrendering 25%, 30%, 40% , 50% to their Real Estate Brokerage are generally either new, part-time or don't have the mindset for this way to help investors sell property quickly and save too.  I ain't seen too many Employee millionaires and a 25%, 30%, 40% or 50% commission split with their Real Estate Brokerage will have an Employee Mindset as well.

Furthermore, serious investors should not be penalized & limited by a realtor's choice to work where they have to give up so much of the 6% Realtor Points to their Brokerage.

Contact a successful agent who doesn't have to split the Realtor Points with their Brokerage.  All they have to pay is a $300 to $500 per deal Transaction Fee or a $500 mo. fee to hang their Lic. and they keep 100% of the 6% Realtor Points Pie!

[Mike Cumbie]

@Account Closed,

It's pretty easy to get your license. I think Florida is pretty much the same as us. Like 75 Hours (Can do on-line while watching TV) a set of fingerprints and a test. If you can do it so much cheaper there is absolutely no reason for you not to rush out there and do it. If you can set it up to be 75% cheaper than everyone else then you will OWN that market. 

You have reinvented the wheel but instead of capitalizing on it, you are telling all of us currently doing it that we are wrong. Get your license and show us. Stop telling us how you can do it better in theory. Show us. 

To go back to your question, None. You can use your powers of negotiation on me in regards to your hypothetical buyer all you want. It's not going to change the fact that I am not giving your imaginary friend a steep discount off my services. 

REALTOR Rebates are really an attempt to take the latest failed "ala cart" real estate services and switch payment to the end of the deal. Those services failed because buyers didn't like the fact they had to prepay for services and then even if they couldn't get the deal (Because they were competing with people who buy and sell all day) they had a cost. When "write an offer" is a chargeable item in a sellers market it gets costly. Especially when they realize they are unprepared to compete and have to sign with an agent anyway. Also when they have a question they are routed to an off shore "help desk" who has no idea how it works in their market. Then have to cough up $50 for a 15 minute phone conversation with a local agent........ who next time they get someone else with different advice. 

This new theory is to do the same thing, except pay at the end (with no idea how much it's costing). Instead of them paying in advance, you want me as an agent to "guess" how much this client is going to take and give you a price up front. If it goes over or they never buy, well sucks to be me. You may find agents and hey great if you do.