You’ve got me excited about Wholesaling and Bird-dogging. Do you have to find a seller willing to invest before trying to get a Property under contract? Wholesaling is selling in bulk to resellers. A professional wholesaler knows what a motivated seller looks and smells like, so get good at spotting them!! The low barrier to entry to the open market makes for a great place for you to test the effectiveness of this market. Legally, there’s really not much of a question as long as you let the seller know that you are an investor who buys properties and sells them for a profit. And stop complicating it beyond solving problems for distresses owners.. You will want to make an interview sheet with a check list and space for the answers. Still, it is only smart to create a plan and learn as much as you can about how it works before getting started. My point is once you find the magic bullet don’t be afraid to go all in. Lastly, it's tough to write or type or fill in a worksheet while you're trying to ask questions. And I want to help you get free too, that's why I created this course. Seller FAQ—Frequently Asked Questions from Home Sellers Do you know the questions you should be asking a real estate agent? Finding Sellers For Wholesaling. Having said that, here are 45 important questions to ask and get answered before rushing ahead with wholesaling real estate: In order for a wholesaling contract to be valid, your agreement with the seller … This can be frustrating at times. The earliest sign of a bad wholesale deal is a distinct lack of motivation on behalf of the seller. There are tons out there, some that work, some that don’t. So it comes down to the motivation level. In my bird-dogging, I’ve created a list of addresses of vacant homes/homes I think are vacant and I would like to reach them on the phone. First off, I would just like to say that there are many different marketing strategies for wholesaling real estate. Wholesaling Questions on Finding Motivated Sellers? Wholesaling is essentially a job as a real estate salesperson. #3 Ask them why their selling. 1 Topic . Wholesaling lease options has become a very popular trend over the last few years, yet often results in some very difficult questions for real estate investors to answer. The purpose of asking these questions allows you the opportunity to pre-screen and quickly identify not only a motivated seller, but your ability to make a marginal deal into a very good deal. But many a would-be wholesale investor gets stuck on the prospect of talking to home sellers one-on-one. If you follow those methods and any other proven ways of driving in real estate seller leads, your phone will start ringing frequently with potential sellers. By the way he is not wholesaling. Remember: a big part of wholesaling is about riding the coattails of successful brands. REMOTE SELLERS FREQUENTLY ASKED QUESTIONS . I was contacted by an investor wanting to purchase a small retail plaza. Wholesaling Introduction. You should practice taking in leads at least 2-3 times a day until this becomes natural for you. Wholesaling real estate is, no doubt, a great option for buying and selling investment properties in the real estate market. For a long time, my real estate investing business followed a pretty simple model that worked extremely well about 80% of the time.. Since people on the other end of this deal have a lot on their minds, too, today we'll tackle the most common questions that real estate agents hear from sellers—along with some answers, of course. I hope that it helps you reach levels of success you only once dreamed of being possible. What They Don't Tell You About Wholesaling Houses from Motivated Sellers Here's where things can go terribly wrong in a wholesale deal that is rarely mentioned or talked about. With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. For you as a wholesaling professional, you need your seller to be motivated by time; time is not on their side. Put out a “For Sale by Owner” advertisements. Wholesaling is a great way to jump-start your career as a real estate agent. Therefore I get the lowest price and first call from my manufacturer as a result I can sell at the lowest price or any platform and still make a profit. You won’t find them if you are being passive, merely looking at what others have done and hoping for scraps. Wholesaling is the sale and distribution of goods to specific customer types such as those most commonly referred to as resellers. Yes, you can both sell on one account. I buy my inventory at 16,000 items at a time–cash. The fact is selling a home often is the most significant financial transaction any of us has ever made. The best answer to this question is to be proactive. Wholesaling can be a perfect, and often profitable, entry into the field of real estate investing. So to make sure you listen and engage in a good conversation with the seller, I highly recommend downloading a call recorder on your phone. If you are selling your home, chances are you have some questions. Once you have put up your advertising and marketing to attract motivated sellers for your wholesale business, you must know how to take a call and screen potential sellers. This guide is meant to help you get started with your first easy, low-risk ad, with a … Course Table of Contents. Remember, some sellers consider refinancing a 1st mortgage results in their 2nd mortgage. Using Facebook to advertise for distressed or motivated sellers doesn’t have to be scary, expensive, or risky. How to Make a Great First Impression with Real Estate Seller Leads In the previous section (Article 3) we discussed 3 ways to find Motivated Seller Leads. The wholesaler doesn’t plan on fixing up or selling the property. Thanks for the post. 1 Topic . Wholesaling houses for beginners is even simpler than the overly advanced stuff if you follow a few simple steps. In essence, money is the motivation. Wholesaling Lease Options: Dealing With Difficult Seller Questions Wholesaling lease options has become a very popular trend over the last few years, yet often results in some very difficult questions for real estate investors to answer. What You’ll Learn From This Course. Usually the seller will pay for any staging services, but sometimes an agent will offer in order to get the listing. You are only allowed one seller account per household without permission from seller-performance. ... By now, you probably have the answer to this question. This […] If the motivated seller, who is usually at a financial collapse in their life, sees that you are about to … Make sure the contract explains the basics, but don't overcomplicate it and scare the seller away. Some sellers just want to sell because they want to sell. 0/41 Steps . Wholesaling Investment Properties – Step by Step Many wholesalers focus their efforts in their local market – keeping their deal finding and buyer network close to home. I contacted an owner I knew that is … To me, wholesaling represents freedom. Further, private label sellers often block other sellers from placing offers on their respective listings with similar products. With both sellers and buyers, you need to follow up, ... and other questions. About the authors: The above article “Top Frequently Asked Questions From Home Sellers” was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock). It is intended for general information only. An average seller is not going to be your motivated seller. I would add, don’t be afraid to reinvent inventory with bundles. In this course you'll discover: How to create a presence online and offline to attract motivated sellers … Posted on June 23, 2020 June 23, 2020 by joshua@webuybayareahouses.com. If no suitable buyer is found, the contract will expire. Because what happens if you get a place under contract and you can’t find someone to buy it?Do you get some kind of penalty / how long do you have to find a buyer once you find a seller under contract? For an investor I know to a off market seller question remember, some that,... Scary, expensive, or risky willing to let go of a wholesale... 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