In this video I will answer the following questions; What is an iBuyer? Why are they suddenly so popular? Why is there a market for iBuyers? What are the negatives of using an iBuyer? What are the fees? How do they work? Who are the local players? How do we combat iBuyers in our market? Then I'm going to show you mhow top give our clients the best of both worlds! So here's the plan....GIVE YOUR CLIENTS THE BEST OF BOTH WORLDS
1. If you have a client that is considering an iBuyer here are steps to help:
Prior to listing have the seller get the home inspected and get bids for ALL repairs, whether they want to make them or not.
Remember iBuyers use their own inspectors and most use their own contractors for repairs.
The seller will not know if the bids they are given are inflated without getting their OWN bids.
2. Seller needs to get the property ready to list or not if they really don’t want to do anything
3. Then...List the home in MLS
4. Once the home is listed, if it sells right away winner winner chicken dinner, if the home does'nt sell fast enough for the seller and he wants out, you as the Listing Agent, can request iBuyer offers on behalf of your seller, and be paid 1% if the seller chooses to sell to the iBuyer.
5. The iBuyers will make a written offers to the seller.
Seller chooses the best offer and proceeds to the inspection process so that they can get an accurate final number for their home.
6. You then help the seller compare our retail numbers with the iBuyer numbers, creating a contingency plan for the seller while pursuing a higher offer through a traditional (retail) MLS listing.
Make sense?
I hope you found this information valuable...
stay tuned for our next business building tip and if you have not joined our business building page, head over to Master The Real Estate Hustle on Facebook and like our page. and Remember you're great where you are...You're just too good to stay there!
0 Comments