While Flipping houses the first and biggest wrong move you can make is NOT working with a Realtor. Realtors can make your job easier and eds up making you more money in the long run! Here are 14 Ways Realtors Can Help you make MORE money when flipping homes.
1. We know about great Distress and Fixer-uppers before anyone else!
Through computer systems as well as word of mouth, we know about great discount homes before they hit the market.
2. We immediately know when something is over priced
Many years experience means that we know when something is over priced and how to deal with those situations, discussing with the other realtor will give us an idea of how to go about purchasing the home with out hassle
It may not seem like a big deal, but not understanding contracts can be a big problem when purchasing a house that needs a reno. We will make sure that you aren't left in the dark about important matters that a buyer agent would skim through.
4.We know if it's a Worthwhile Investment
Some homes just aren’t worth the hassle. You may look in the home and think well, yeah this would be great. But a realtor will see, well this year of home came with structural issues that are expensive to fix, we've had a home inspection from other houses in this build that haven't passed. It would cost more to fix a major problem than it would be worth to a quick flipper in time and money
5. We know the best neighbourhoods for flip homes
You may be listening to the grape vine of people saying that this or that neighbourhood is up and coming, or this is a great neighbourhood but the houses need work. To you that might sound like a great investment opportunity. But We see it as no one is going to pay $500K for a home in this neighbourhood. Other homes in the neighbourhood can bring down the price of a home. If all the homes are around $350k and you want to renovate a $600K, then this neighbourhood is not for you.
6. We can tell you what renos are worth it and which no one is interested in seeing
Sometimes a full sized game room with super awesome space for surround sound speakers sounds like a great idea, but the return on investment might not be worth the cost you put in. Realtors know what features are a must have right now, (like a kitchen Island) and which are not worth it (a hot tub bath in the main bathroom).
7. We can give you advice on pricing the home, and help you with figuring out what it will be worth when completed
A few hours of online research may not give you a great idea of what you should list your flip at. You'll see all sorts of properties that look very much like yours for varying prices. With our Expertise we will help you find the perfect comparable to your home that can help you decide on the perfect selling price, whether you're looking for a quick sale, the right buyers or competing offers.
8. We will sell it for you. No more For Sale By Owner where you get the short end of the stick.
There is always a chance that another realtor will swoop in and try to get a deal for their clients by assuming that your inexperience will lose to their experience. They might try to guilt you, make you feel like your home isn't as good as you think or even make you feel bad for his clients who "love this home, but the price is too much for them". These are all tactics some realtors will use to cheat you out of what you've earned. We won't fall for things like that. This is your business and we're here to make sure you get what you want.
9. Things will run more smoothly for you not having to deal with open houses
Open houses can really drive a person crazy! So many snoopy neighbours asking questions and taking up your time when they really aren't interested in purchasing. They just end up taking up your time when you'd rather be relaxing after renovating a whole house for months! We'll run your open houses
10. We can help with Staging your home
Almost every expert out there says: Don't show any empty house. And we agree! How are potential buyer supposed to see how perfect a queen sized bed fits in this space, or the great use of dining room space with the place is empty? We can set you up with Designers and home stagers who will perfectly stage your home to show it's best assets.
Perfect Buyers have a quick closing date, pay what you want for the home as well as appreciate all the hard work you've done. Just Placing a for sale by owner sign and a Kijiji ad won't get you the qualified buyers we can through our well thought out marketing and our SOI.
12. Other Realtors will pressure you into buying a Home - Just to double their commission.
If you ask to see a home and don't have a realtor, the realtor of the home might pressure you into signing a contract with them or pull you into an unfair deal. Even if you know what the home is worth or
13. We Can Give You Business!
We are always looking for renovators for homes we are listing that need a little work. We also have many leads of distress homes and bank sales that we can offer to you before anyone else even knows about them and we are happy to pass then on to our long term clients like you!
We get just as much from you as you get from us. You help us learn more about flipping homes so we can better serve our other Home Renovating clients. You may let us know about things we don’t know.
Looking for a great Flip Home? CLICK HERE FOR YOUR OWN FIXER-UPPER HOTLIST