All Forum Posts by: Scott Schnabel

Find an investor friendly buyer's agent. One who knows how to analyze a deal. Boots on the ground type. Doesn't try to talk you into everything you're considering.

1 Vote

Denver, Colorado

Quote from @Account Closed:

Some reasons to have a coach

1. You are new and you want to skip a year or 2 of frustration and mistakes in your investing learning

2. You can afford the personalized training AND still have money to buy a property with

3. You've hit a mental or other "road block" and need help to get to the next level.

4. You want to learn new techniques.

5. You want to meet the coach's contacts to further your investment career. A coach has methods, systems, procedures AND contacts.

A good buyer's agent can do all of that and more.

1 Vote

In my area the lenders look at highest and best use. That would be commercial use.

0 Votes

Columbia, South Carolina

www.daisylanepropertymanagement.com

0 Votes

Akron, Ohio

Fine example of a buyer’s agent looking out for them. Well done.

1 Vote

Minneapolis, Minnesota

Quote from @Trevor Richardson:

Quote from @Scott Schnabel:

Quote from @Calvin Thomas:

Quote from @Scott Schnabel:

Quote from @Calvin Thomas:

I am curious though. What's going to happen to the tire kickers? Buyer agents prob. won't entertain them for more than two or three showings.

You’ll have to get a buyer’s agency agreement now. That will weed out the tire kickers a bit

Good luck enforcing it if they use a different agent and you find out later.

Something I’ve been thinking about since I learned of the ruling. How will it be enforced?

It’s easy you can sue the buyer if you are the brokerage. If a buyer signs the buyer/broker agreement that’s a binding and enforceable contract. It’s going to take a year at least for the real estate industry to figure out exactly how to write it.

The language will be similar to listing agreements. I plan on making ours where the buyer has the ability to terminate it (no worries with me) but any properties they purchase that were shown by us will be enforceable for like 30 days. These are the details that will have to be ironed out.

Buyers got a lot of no cost service with nothing attached. I don’t know to what extent but that’s going to change.

I was thinking more in the terms of buying agents not getting an agreement in advance v this who are doing it correctly. There is a large percentage of buyers who balk at signing one. They’ll gravitate to the agent that doesn’t make them sign.

2 Votes

Quote from @Calvin Thomas:

Quote from @Scott Schnabel:

Quote from @Calvin Thomas:

I am curious though. What's going to happen to the tire kickers? Buyer agents prob. won't entertain them for more than two or three showings.

You’ll have to get a buyer’s agency agreement now. That will weed out the tire kickers a bit

Good luck enforcing it if they use a different agent and you find out later.

Something I’ve been thinking about since I learned of the ruling. How will it be enforced?

0 Votes

Quote from @Calvin Thomas:

I am curious though. What's going to happen to the tire kickers? Buyer agents prob. won't entertain them for more than two or three showings.

You’ll have to get a buyer’s agency agreement now. That will weed out the tire kickers a bit

0 Votes

Sellers wil still be able to offer a split commission. You just can't advertise it in the MLS.

1 Vote

Many questions. Is the builder buying the land first or asking you to wait until they have a buyer? What is the zoning? Who pays for the survey work to split the properties? What utilities are available? Are there existing homes on the land? Will they be torn down? Who pays for that?

You could split the properties yourself and offer them for sale. Most surveyors will do the necessary paperwork. Zoning will dictate the size of the parcels.

0 Votes

Saint Paul, Minnesota

All Forum Posts by: Scott Schnabel

Scott Schnabel has started 1 posts and replied 37 times.

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Post: POLL: Pick 1 ---> Pay your Buyer's Agent or Go Directly to the Listing Agent.

Post: POLL: Pick 1 ---> Pay your Buyer's Agent or Go Directly to the Listing Agent.

Post: POLL: Pick 1 ---> Pay your Buyer's Agent or Go Directly to the Listing Agent.

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