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Updated about 3 years ago on . Most recent reply

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Emmett TerBeek
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Wholesale Missed Opportunity?

Emmett TerBeek
Posted

So I received a call last night from Wyoming - I was confused and followed up with them today.  They inquired about selling their house.  Being a real estate agent, I wasn't sure how they received my number since I'm in Michigan.  After a few text exchanges I pulled a quick and dirty property report for his home estimating the value around $150k.  Turns out he just wanted a cash offer on the home and would take $50k.  I have absolutely no current resources to evaluate the property so I passed it along to another agent I connected with.  In retrospect I probably could've put it under contract and wholesaled the property myself even at a distance.  Is that a regular practice for anyone?

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied
Looks like you missed out on at least a referral fee, the contract for such is easily put together in a few minutes for most agents. Chalk up to a learning lesson. Find out how this person obtained your contact info and then step up the marketing in that regard for new leads.

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