Finding the best real estate deals is never the easiest thing to accomplish. Sometimes you’ll exhaust all of your resources and come up empty-handed. In situations like this, you may want to contact real estate agents to see if they have any deals that they can throw your way.
Believe it or not, many real estate investors tend to shy away from realtors because they prefer to find deals their own way. But if you find an agent or two that focuses on helping investors such as yourself, they’ll have plenty of deals that they can send your way when the timing is right.
Please use these tips to learn how to work with realtors to find excellent deals for your real estate investing business.
Tip #1: Develop Relationships with Trusted Real Estate Agents in Your Community
First and foremost, the easiest way to get realtors to tell you about deals is to befriend them on a personal and professional level. Go to community real estate related events and schmooze with the realtors. Believe it or not, this actually works and it works very well.
So make an effort to get to know local real estate agents in your community or the area where you intend to invest. Attend events, go to open houses, and find other reasons to talk to these agents. Let them know what you do and let them know about your real estate investing business.
Realtors are always looking for people to sell homes to. If that happens to be you – and it is since you buy property all the time – they’ll love to get to know you. They’ll have no problem sharing any deals with you that happen to come their way.
Tip #2: Offer to Pay an Additional Commission
You’ve undoubtedly heard the phrase, “Money talks.” Well, if you’re willing to give a realtor a higher commission for finding you deals they’ll absolutely have no trouble working with you. They’ll be glad to send you each and every deal that comes their way first before any of their other customers or clients.
Or if paying an additional commission is too much, think of something else that you can do for these realtors as an incentive to send you the best deals. Maybe you can promote their service to people in the community looking to buy homes. Or you can recommend them on your website. Or share a testimonial about how great they are at their job.
Tip #3: Recommend Realtors to Hungry Buyers and Investors
Last but not least, in an effort to keep the realtors happy, you can always send them business whenever possible. If you know investors looking for more properties send them to the realtors that you trust and like. Or if you know hungry buyers in the market for a new place to live, remember to recommend them to the realtor that sends you great deals.
By using these tips, you’ll have no trouble getting realtors to send you amazing deals whenever they come their way. Remember, if you scratch their back they’ll definitely be willing to scratch your back in return. And this could lead to exciting business opportunities and cheap properties that turn a healthy profit, so begin using these tips right away.