So we do a handful of loans every year that are FSBO (for sale by owner). I always help the buyers and sellers out with the paperwork & thru the whole process. I always shake my head and wonder why don’t these people just hire a Realtor. They think they are saving a buck or two in commission that’s why. The agents out there will tell you and I’ve heard it for the last 14 years I’ve been in business, statistically you sell your house for more if you hire a Real Estate Agent.
Case & Point: On a recent transaction I was involved with the house appraised 45k higher. If that seller would have used a agent to help price, market, & sell the home they would have sold it for a whole lot more. Now granted they save them selves from paying a commission, but at what price?
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Working with home buyers searching for a new primary residence is a totally different game compared to working with investors and rental property. Sure, there are similarities, but what want-to-be home owners care about is different than what an investor cares about. Frankly, for an investor, it’s all about the money and it should be. When someone purchases a rental property they are essentially running a business. If we can help them run a successful business and turn a profit they will likely come back and buy more properties.
There are lots of want-to-be investors out there and the hardest part is getting started. We are going to help unravel the maze. We will also look at long term planning. Often just knowing what needs to happen to acquire the next property and the next one after that is one of the keys to success. Owning rental property can be a great way to build wealth and we are here to help.Visit Jeremy's Blog