Oct 10, 2017
Today, we are talking about offers and how to get your offer accepted by a broker. I would like to think I understand brokers, but I don’t always. I do know what gets them excited, and it is money and commissions. What they are concerned with is if you have the ability to close and how much money they are going to make. If you want to have a deal that the broker will recommend to the seller, give the broker both sides of the commission. That means not using your realtor or your real estate license for half of the commission.
I also talk about finding commonality and making relationships. You want to be friends with your broker by talking about something interesting other than real estate. Once you find that commonality take notes and keep in touch. I also talk about sending an LOI or letter of intent and what is included in it. Along with a sample LOI that I use. You want your LOI to be precise. I also talk about the importance of having a good management team in place with a solid credibility kit. I also talk about having your own credibility kit and having a proof of funds. After this episode, you should have a good understanding of how to get your offer accepted by a broker.
Topics on Today’s Episode:
Links and Resources Mentioned:
“Give your broker some love. Give him all of the commission and don’t hold it back.” Corey Peterson
“Make friends with your broker by talking about something other than real estate.” Corey Peterson
“Keeping track of all of the wonderful people you meet and how well you know them is one of the most important things in life.” Corey Peterson
Don’t forget to download my Free Workshop Quickstart Video Series, and if you like what you have heard please leave a review on iTunes. On the next episode, I am going to give a quick shout out to some of my reviewers.