WLCCI

Buying Through Real Estate Brokers

When a property you’re interested in is listed with a real estate broker, you are forced to make an offer through them. This presents some challenges that take a little finessing when offering no money down deals.

A real estate broker’s first allegiance is to the seller but their primary concern is their commission. This is not bad but it must be factored in by your offer. There are several ways to do this with out actually having to put money down. However many brokers don’t hear much of what you’re saying when they perceive that you’re trying to make a no down payment offer.

It’s important to remember that real estate brokers are required by law to present any offers made to the sellers and you have a right to be there at the time the offer is presented if you choose. If necessary, this should be stated to the broker in a non-offensive manner.

Once the broker understands how he or she can profit from your offer, the resistance will usually subside.

Buying From A Real Estate Broker

There are more and more brokers not only selling properties for other people but also buying them themselves. Why? To make a profit. If you structure a deal from which they can profit, they are more likely to go with it.

I bought a home from a real estate broker and it went as smooth as silk. I was dealing with a professional whose main objective was making a profit. He didn’t get everything he wanted but it was enough to satisfy him. Today, three years after the deal, he still is offering me property that he thinks I might be interested in. That’s because our previous transaction was a win-win deal for both of us.