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Updated almost 2 years ago, 02/27/2023
Incentivizing Realtors to Bring Deals
Hey Everyone. So I recently moved to the Seattle area (actually Bainbridge Island on the Kitsap Peninsula) and I'm looking for deals. There isn't much on the market currently and everything that is active either goes quickly over ask, or is overpriced and stale and sits for months on end. Very few properties are priced correctly in my opinion. However, the place I'm living is essentially a retirement community and I feel there is a large number of unkempt properties ripe for flipping coming down the pipeline.
Anyways, since I'm new to the area and haven't connected with my go to agent yet, I'm brainstorming ideas of how to incentivize real estate agents to bring me off market deals (there aren't many wholesalers here). One way, of course, would be to offer commissions on both sides of the deal. Standard seller paid commission when you bring me the deal (maybe I can offer an extra %), and standard or elevated commission when you sell the property. If the numbers work out and I start landing deals, I don't mind paying more to lock it down. Thoughts on this strategy?
Any other ideas on how to incentivize multiple agents to bring you deals?