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Wholesale Hotline | Brent Daniels

Top 5 Questions to ask in Real Estate! | Subto Breakout

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Investing, Business

4.9 β€’ 586 Ratings

πŸ—“οΈ 1 May 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

These are the 5 questions you MUST ask in Real Estate! When people ask me questions about their creative finance deals the number one problem that I see is that they haven't asked enough questions to the seller.

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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎

Transcript

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0:00.0

The first question I would ask, besides, hey, how are you doing?

0:03.3

Thanks for having me come over.

0:04.6

All of those types of things.

0:06.0

I would just say, are you currently working with an agent?

0:09.2

Or I would say, what did your agent say your house is worth?

0:13.1

And the main reason for this is I call this the Black Swan question.

0:17.6

I'm trying to pull out anything that I might not be aware of, right?

0:21.7

Relationships that are going to come and haunt me later down the road. Maybe there's a relationship with a realtor

0:26.7

that I really should collaborate on rather than compete with the realtor. And I'll give you a really

0:31.3

good example. This is something that happens all the time. We actually have a deal in Payson,

0:35.3

Arizona right now. Our cold callers called the seller.

0:38.9

The seller says, yeah, I am interested in selling my house. And my sales guy, my acquisition guy,

0:45.3

says, okay, well, what did your realtor say about what your house was worth? And the seller says,

0:50.6

oh, I'm glad you asked. My realtor says we should sell the house for 205 and that he wants

0:55.0

to list the property next week. If we didn't ask that question, we would have been going into

1:00.7

negotiations and doing all sorts of things just to find out the seller wasn't going to sell to us

1:06.1

anyway. He was always going to sell with his realtor because they're friends, right? A lot of people's

1:10.9

realtors are their lifelong friends and realtor, really good realtors are all about relationships.

1:16.2

And so that would be basically an impossible seller to ever get into a contract.

1:20.9

So what we did instead and what we always do is we find out what the realtor thinks the house is

1:26.3

worth. And we just say just say well why doesn't

1:28.1

you why don't you have your real to represent you we'll make sure they get paid their commissions

...

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