I said a lot…like 98% of them are not to bright. Some are good.
That’s why I’m thinking about getting my license.
I actallly found a good deal in a subdivision one of my buyers wants to live.
This lady owns her daughters house that recently got divorced. It’s been vacant for about a year. The house is on it’s 3rd Realtor…
I contacted the owner to let her know I was going to make a creative offer.
I want to L/O her home. I told her I do not want to go around her Realtor. So, I call the Realtor and she starts playing this (I’m smarter than you) game with me as soon as I start explaining what I want to do. Don’t ask me why…ego?
Look, I know in the back of her mind all the Realtor is thinking is how she is going to get paid.
Basicly, I told her I can come in and take over her payments and cash her out in a year or two. She couldn’t get that, I would be getting the down payment from my buyer, I would be getting the monthly spread, and I would be doing the owner a favor by giving her debt relief. I even told the Realtor she would get paid in the back end or I could pay her a flat fee.
Nooooo…she had to give a snotty comment…“Sir, we don’t give houses away for zero down…” I felt like reaching through the phone and smacking her upside the head.
This is after I talked with the owner and told her I would be willing to take over her payments until her house sells! The home owner wanted to know more, but for legal reasons I told her I would make a proper offer through her Realtor.
So, after all this I sent the home owner an email explaining to them that their realtor did not want to cooperate and to give me a call when her listing expires.
And that is my example of a Realtor standing right in the way of a deal that would make me $20,000. A buyer that was ready to deal…and a realtor that did not want to. If I were the home owner, I would FIRE the realtor in a heartbeat.
Now I know what Wendy Patton means when she says…“Realtors control the market”