The Power of the MLS!!!

By
Real Estate Broker/Owner with 1st Prime Realty CA BRE LIC 01456248

The Power of the MLS!!!

The  Large Font of this Blog, is for those who are seeing impaired.  I was scrolling through my Facebook Page, and came to a Video of a Wholesaler.  The subject matter was the MLS is dead, and Social Media is the Best Source for Real Estate Deals.

Unfortunately to the Mis-Informed Wholesaler

The MLS(Multiple Listing Service) is one Tool, Real Estate Agents, and or REALTOR(R)'s use to Market a Property(ies) Worldwide.  Selling a Home or assisting someone to Buy a Home is more than, "Please Sign Here".

 

Here is a Wholesale Scenario:  Property Owner responds to a Bandit Sign or an Ad on Social Media saying "We Buy Homes, Fast, No Repairs, All Cash, As-Is".  They call the number and ask, what's the process?  Wholesaler meet and greets Property Owner, and find out the Bottom Line.

Mr, Ms. Seller for an As-Is Property the Value of your Home After Repair Value is $500,000.  We are going to get this Property Market Ready at our Expense. No need to Hire a Real Estate Agent.  We can Close in 15 Days for $350,000.  Seller says where do I Sign?  Wholesaler then has the Seller to Sign a Contract giving the Wholesaler Equitable Interest.

 

The Wholesaler Markets the Property via Social Media as an Off Market Property deeply Discounted at $400,000.  A Cash Investor see's the Value of the Property and writes an Offer to the wholesaler for $400,000.  The Deal Closes Escrow.

Property Owner receives: $350,000

Wholesaler Receives: $50,000

Investors Flips Property at a Profit of $75k - $110k

 

Hire a Real Estate Agent, Receive Comps of your Property. Get Educated on the Selling Process from your Licensed Real Estate Agent or REALTOR(R).  Property Sold with a REALTOR(R) at between 4% - 6% at $400,000

REALTOR(R) Receives: $16K - $24K

Property Owner Receives: $380,000+ or -

Investor Flips Property at a Profit of $75K - $110K

 

There are more details of Selling your Home for the Highest and Best Price.  Always HIRE a Licensed Real Estate Professional.

 

Call Today!

 

Don Alexander REALTOR(R)

1st Prime Realty

619-581-4255

CA. DRE LIC 01456248

www.1stPrimeRealty.com

Posted by

Don Alexander REALTOR/Broker

1st Prime Realty

619-581-4255

D.R.E Lic.#01456248

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Topic:
Home Selling
Location:
California
Tags:
off market properties

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Rainmaker
2,903,210
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You are right and it is sad that so many people out there are trying to scam others and it is even sadder that so many people are falling for these scams, losing out on profits they should be realizing and yet still pleased because they don't even know they got scammed, haha.

Mar 15, 2020 07:47 AM #1
Rainmaker
3,418,781
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Mar 16, 2020 03:56 AM #2
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Rainmaker
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Don Alexander

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