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Updated almost 10 years ago,
Wait a minute, I thought you said no agent commissions?
Good morning everyone! I have been meeting with sellers and making offers but haven't gotten one accepted yet. I got lucky on my first deal of this year. I called a FSBO, got it under contract, and assigned it to make $8k. That skewed my expectations a bit since it was rather easy! No marketing at all.
Anyway, now I've been making offers and haven't gotten one accepted. I know every wholesaler advertises "No Agent Commissions" or "Why pay those expensive agent commissions", but I can't wrap my brain about how to explain that to the seller because, as a buyer, you DO have to deduct the agent commissions since that is a fixed cost.
In my efforts to be fully transparent with the sellers, I give them a breakdown of my renovation costs, holding costs, and selling costs. This is where they say, "Wait, so I am actually paying for the agent commissions?" I reply by saying that I have to take that into consideration because when I try to sell it, putting it on the MLS is the fastes and best way to sell a house.
Should I disclose that part or what would you advise?