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Updated almost 9 years ago on . Most recent reply

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Michael Martin
  • Los Angeles, CA
6
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19
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Million dollar homes

Michael Martin
  • Los Angeles, CA
Posted

I have been putting out bandit signs and my phone has been ringing but the thing is I had a few calls about million dollar and up homes, where the sellers don't want anything to do with agents. So my question is can i help these sellers in anyway or just let them go?

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Will Barnard
  • Developer
  • Santa Clarita, CA
10,946
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Now you are talking my language! This is my space and I operate almost exclusively now in the luxury market in So Cal. Do not toss those leads out! They may not be any good in which case they would get tossed, but you must ascertain that before you do so. If you do not understand the luxury market or the required spreads to make a real deal, then I suggest you either learn or get some assistance from someone who can. While it is not rocket science, it is much more difficult to calculate an accurate ARV and rehab number compared to a $300k home.

Motivation is key for a good spread, so the leads must come with motivated sellers.

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