Me, Pay for Repair$? No Way!!!

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Real Estate Broker/Owner with Buyers' Choice Realty

At the start of my Real Estate Career in 1988, I decided on two paradigms for my practice:

1.  I would never go show a property.  Instead, I would get the prospect to come to my office, have an in depth consultation, obtain pre-approval from one of my lenders, then schedule a showing.

2.  I would not pay a penny for any issues in order to close.  If $ 1,000 could break the deal, then you don't have a deal in the first place. 

Twenty years later, I'm in the top 1% of Realtors in my market, and I am still adhering to those same two rules.  Interestingly enough I have lost NO deals because of my Rules.  My clients understand my position, and they feel fortunate that I am representing them.  Most likely I will have already made them money at that point, so they don't mind spending a bit more in order to close.  The other side usually concedes, or the two parties split the cost.  Period! 

 

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Rainer
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Sean Allen
International Financing Solutions - Fort Myers, FL
International Financing Solutions

Hey Mirela,

Thats an interesting set of rules because I've seen numerous realtors agree to pay for something (some form of a repair, etc) to get a deal closed.

Sean Allen

Oct 04, 2007 12:06 PM #1
Rainer
118,799
» Bill Burress Nationwide Mortgage Originator
» Bill Burress Nationwide Mortgage Originator - Fort Myers, FL

Mirela:

Way to stick to your guns.

Oct 04, 2007 12:13 PM #2
Rainmaker
348,896
Keisha Hosea- KASIHomes.com
KASI Homes - Chino Hills, CA
Real Estate Solutions For Real People

Mirela,

We all have to decide what our business models will be and how we plan to operate. If it works then keep doing it!

Oct 04, 2007 12:41 PM #3
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Mirela Monte

Myrtle Beach Real Estate
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