In an industry that for the most part has remained unchanged for decades, we understand why For Sale by Owners and real estate investors want to sell without using or paying for a Realtor. We speak to hundreds of sellers every month that want to go forgo using a Realtor, and we want to address some of the most common misconceptions about selling on your own.
“I don’t need to be on the MLS to sell my house.”
Until recently, the only way a seller could get MLS exposure was by hiring a realtor to represent the property. This meant signing a contract to agree to pay out a hefty commission upon a successful close. This is one reason why some sellers are hesitant to get on the MLS. Fortunately there are solutions like ListingSpark to get on the MLS without shelling out 6% of the property value. Not being in the MLS a barrier to selling a home and here’s why: It doesn’t cost a buyer anything to use a realtor to purchase a home, so there is really no reason that a buyer wouldn’t use one to assist with showings, write contracts and oversee negotiations. The bottom line is that agents don’t look for For Sale By Owner or off-market homes, they look on the MLS for homes to sell their buyers.
Home inspections are a critical part of real estate. They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes.
Even if you’re buying new construction, you should be using a home inspector.
Building a real estate investor business is tough. You need to have the right people, the right processes, and the right tech to scale.
Even if you build everything right, things will still go wrong. The market isn’t always constant and you need to be prepared for shifts.
What should you do if the market goes down? How can you stay ahead as a real estate investor?
Real Estate Real Fast EP1 (with Romney Navarro, hard money lender expert and CEO of Streamline Funding)
If you’re looking to do some serious real estate investing, you might be interested in using a hard money lender. While most homeowners go with conventional financing, a hard money lender can be more useful for buying and selling properties.