homes for sale that are not on mls

Call now: 877-525-9513

So your trying to get a deal on Real Estate?

Finding a deal on Real Estate was the most difficult task I have ever under taken. Primarly because once a property hits the MLS it is a Frenzie. Getting that deal requires access to the properties before sellers have committed to paying a commission to Real Estate Agents.

Why doesn't my Real Estate Agent find me the deal I am looking for?

The reality is Realtors are paid on a commission bases. The more they can get you to buy the house for the more money they make in commission. Remember in most cases your transaction with the realtor is a one time deal. So most Realtors will try to get you to spend as much as possible. It doesn't sound good, but it is a realiity.

Here is an example. I was looking at buying a home, the asking price was $69,000. Not a big home a good rental property. But the home needed about $20,000 of repairs. The owner was willing to make the repairs for the sale which means the seller would have netted $49,000 and had the headaches of dealing with the contractors to make the repairs. I asked the Realtor to present an offer for $55,000 and I would make the repairs myself. Why is this a good deal for the seller:

  • 1. The net sales price was less which means the seller would pay less capital gains taxes.
  • 2. The property would have been sold as is and eliminated the owner from any repairs.
  • 3. The lower price would have allowed me to pay cash, so the closing would have been quicker.

Within an hour the Realtor came back to me and said the Owner would not accept my offer. Obviously, if the owner has any business savy at all turning down my deal was not a good decision. Here is what I believe happened. The Owner never saw my offer because it would have lowered the Realtor's commission. Is there a way for me to prove that, No. But you don't have to be a brain surgeon.

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