Best Real Estate Advice to Buyers & Sellers
Episode Stats
Words per minute
227.67389
Harmful content
Misogyny
1
sentences flagged
Hate speech
1
sentences flagged
Summary
In this episode, I give you a perspective of your relationship with your realtor that maybe no one has explained to you before. In the last 20 years, I have dealt with many realtors both on a residential and commercial realtor side of the business, and I ve experienced working with great ones, good ones, and some bad ones. In this episode I m going to give you some insight into the relationship between you and your Realtor that no one else has ever explained before.
Transcript
00:00:00.120
In the last 20 years I've dealt with many realtors both on a residential and the commercial side
00:00:03.900
whether it's buying buildings, leasing office space or whether it's buying homes or renting vacation properties
00:00:08.220
and I've experienced working with great ones, good ones and some bad ones
00:00:12.660
and today I'm going to give you a perspective of your relationship with your realtor
00:00:16.780
that maybe no one's explained to you before and if it makes any sense you get value from it
00:00:21.740
I want you to give you a thumbs up, subscribe to the channel and share it with others as well
00:00:25.740
so look when it comes down to buying or selling a house there's four parties involved
00:00:28.580
typically there's four parties involved, there's you, there's your realtor, there is them, there is their realtor, right?
00:00:34.600
and you could be the buyer, they're the seller, you could be the seller, they're the buyer
00:00:37.600
but regardless there's typically four parties involved, right?
00:00:40.140
Now the question you have to ask yourself is how many different teams are there?
00:00:46.740
What do you mean by that Pat? Here's what I mean by it
00:00:48.820
I mean you and your realtor, you are one team, right?
00:00:56.820
but there's one other team that no one thinks about
00:00:59.640
that 90% of the time have a longer relationship together than the rest of them do
00:01:04.920
and here's who it is, it's your realtor and their realtor
00:01:09.260
how many times are you going to do business with your realtor?
00:01:14.780
How many times is the seller going to do business with their realtor?
00:01:18.680
Versus how many times are your realtor and their realtor going to do business together?
00:01:22.820
Let's just say you do business together with them once, maybe twice, maybe three times
00:01:26.920
maybe they do twice, three times, maybe four times
00:01:29.360
how often do you think they're going to do business together?
00:01:34.980
What if they're the main guys in the city that you're buying a house
00:01:37.900
or buying a building or selling a property? Think about it
00:01:40.420
and they've both been around for 20 years, you don't think they know of each other?
00:01:43.660
You don't think they've done business together?
00:01:45.100
You don't think they know that on the next deal coming up
00:01:48.020
they're going to have to, so if they push too hard on the next one
00:01:53.140
you go to your realtor and you say, oh my gosh, I love this building
00:02:16.220
even though it's on the market for $8.5 million
00:02:24.380
let me see what I, I'm going to go get the best deal for you
00:02:40.800
I think it's going to be stretched at $7 million
00:02:42.840
I think, I think your buyers got to go with $7.7
00:02:50.020
look, see if you can get him at this number here
00:02:54.620
they both want to sell it at the highest possible value
00:02:59.960
they make more money if you sell it for $7 million
00:03:05.360
you think it's fully them wanting to get it for you?
00:03:30.720
this is the part where buyers and sellers forget
00:03:34.380
that no matter how much you do business with your realtor
00:03:37.140
the two realtors are a bigger team than you know