Jonathan RexfordFL 8 Report post Posted May 11, 2011 I am creating a side by side comparison: Looking to compare selling a house as a real estate agent vs selling as an investor Here is what I have come up with so far. Of course the list can change and be modified. We are averaging in my market place 5 months on market and final list/sold is about 91.65% on average...then loading up another 3% closing and commission and then you are down to 82%. So why not we use this as investors to our advantage in some marketing. Give me some ideas and let's get a list going. Conventional: •List for 180 days•Lose equity each month•Reduce price•Wait for picky buyer•Do repairs CREATIVE: •List for 4 weeks•Get a higher price•Don’t have to reduce price•More buyers•Do not need repairs Share this post Link to post Share on other sites
lhenley 8 Report post Posted May 11, 2011 Very good. Thanks Jonathan. Lynn (FL) Share this post Link to post Share on other sites
MichaelC 160 Report post Posted May 11, 2011 More aggressive and diversified marketing. No one has more of an interest in selling my property than I do. When listed with an Agent the house gets dumped on MLS and the waiting game begins. If I'm selling it myself I can ramp up the marketing and try different ways to get attention. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted May 11, 2011 I'll stand on my head til my ears turn red to beat anyone's deal. . . . Creative:-No commissions or fees-No closing costWe work together with you! Share this post Link to post Share on other sites
lhenley 8 Report post Posted May 11, 2011 Michael Q, Is this your ad? Lynn (FL) Share this post Link to post Share on other sites
Michael Quarles 1 Report post Posted May 11, 2011 Yep Share this post Link to post Share on other sites
BTI 7 Report post Posted May 17, 2011 Jonathan 91.65% of what? Original list price on MLS? So 91.65% of wishful thinking. Micheal Nice ad, I used something very similar and got a good response for my investor side, the bonus is my Broker side got several nice listings from sellers that preferred that avenue which made placing the ad worth while just on that basis. How did it work out for you? BTI Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted May 17, 2011 bti, This data is just general data from Final list price as stated. I am sure that numbers are a little different if. Data went back to newly listed/sold prices. Share this post Link to post Share on other sites
lhenley 8 Report post Posted May 17, 2011 Jon, Since you're also an agent, do you show sellers the side-by-side figures, and let them decide which way to go? Lynn (FL) Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted May 17, 2011 Lynn, I don't. This is a presentation that I am working on. When I approach a seller I am always working as an investor unless it is a property, I don't want to buy. But I will always show them the cost of sale. It really doesn't matter if it is an investor or real estate agent. The costs are about the same. Sure investors say we can save 6% but in all reality, we cannot as we need to get a discount to be involved. There are some inherient costs when working with the deals. Lease Options are just some of them. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted May 18, 2011 Mr. Seller 91.65% of the time I will get you the price you "need" I negotiate terms not your price with a t/b. Share this post Link to post Share on other sites
Michael Quarles 1 Report post Posted May 18, 2011 The ad worked great and with exception of my 30 minute infomercial it pulled the best response. The shotgun ads are really great for high audiences. In todays market I like yellow letters better since not everyone is a selling canidate.. Share this post Link to post Share on other sites