Originally posted by @Hattie Dizmond:
Originally posted by @Brandon Sturgill:
@Account Closed Agreed. However, I do take issue with brokering deals in an industry that relies on licensing standards and regulation...That said, I think that wholesalers are real scrappers that are only permitted to exist because there are too many dipshit agents that can't meet the needs of investors...
I can't believe I'm actually devoting additional words to this inane thread, but weak, illogical arguments just beg for me to chime in!
Dude...you continually refer to the saintly "agents" and how they should be able to fulfill every need of the investor. I'm not a wholesaler, but I will wholesale deals. However, NO deal I get, regardless of my exit strategy, is available to an agent, unless they are doing the marketing I am. And, further, why would they do that type or level of marketing? If these sellers thought they could list their properties with an agent and take care of their problems, they likely would have already done it. There are reasons these people aren't listing with an agent. There are reasons they aren't trying to sell on the retail market. You are familiar with the term/description "motivated seller", right? For that matter, so of these people have listed their properties on the MLS, through an agent, and they DIDN'T sell.
Your argument holds about as much water as saying, "We have WalMart. Therefore, we don't need Sam's Club." Sam's Club fulfills a different niche than WalMart. Most of the new developments of Super WalMart include a Sam's Club in the same footprint. There they are, basically in the same parking lot. Clearly the king of retail doesn't believe they compete with each other. It's no different than Wholesalers and agents. They both fill a niche. Neither of them is fully equipped to fill the niche of the other, so they coexist.
Get over it.
So are you saying as an investor, Realtors can't do your job. Thats stretching it a little. Hypothetically speaking if a client had a house listed for $108,000 are you willing to purchase it for $101,000 if it had issues because that would be what Realtors fees are a but less between 5%-6%. Sellers don't check market value all the time and are conned into selling their house for scraps when its not needed. And Realtors and Brokers normally have 100s and 1000s of connections with buyers on different levels and price points which make an okay Realtor Great. The trouble is just like may occupations there are many people who want yo become a Realtor because they watch HGTV and look at pretty houses and dont understand what all goes into doing this job. There are a lot of legalities and leagal documents that needs to be read, understood and retained. There are is an understanding of market areas and priceing correctly understanding each client individually and knowing your numbers. I know investors want to eliminate the need for a Realtor but there is a certain leavel of care and respect that many of us have for the business of Real Estate that can not be replaced.
