Working with Realtors
Purchasing and/or Sales
An Energy Wise Realtor, or one willing to learn, can be your best friend when it comes to acquiring the perfect foreclosed home for your remodel. Even those Renovators, Investors and Buyers who choose to shop by Ads and the MLS, CraigsList or Auctions, may find a good real estate agent can be a tremendous asset when it comes to saving time and money.
GreenEarthEquities finds nearly all our great deals through partnerships with realtors. We daily scan a real estate portal set up to display valuable information and photos on properties meeting the criteria we’ve specified. Once we’ve found an interesting MLS listing, our agents sends us current comps along with the benefit of their experience in estimating the after repair value (ARV) of the home. If the property seems to meet the spread we need for our Energy, WOW and Done packages they place our offer, review our paper work and assist in the close.
Knowing our passion for producing a beautiful, energy efficient home they go the extra mile in our inspection process, apprising us how best to ask for a price reduction ensuring the lowest acquisition cost possible. Sharing our care for their customers and ours, they understand that it may take many offers and counter offers to complete the right purchase, and that we’ve chosen to market our renovated homes ourselves so as to save a sales commission. While we are willing to pay a reasonable sales commissions to any agent bringing a full price offer, we make sure they are the first in line.
Over the years we’ve all profited by our friendship and business relationship, assisting each other in various ways. Our Realtors have and continue to be valuable members of GEE’s team.
Partnering with a Great Realtor
Finding a good real estate agent may take some effort but in the end it will be time well spent. Plan on interviewing several. Keep in mind that serving you is different than serving the general population. Few Realtors are ready for the work you will bring them. Check out REALTORS: How Would You Like A Client Like Me? (or several) for some ideas.
Request that your Realtor provide you with Comparative Market Analysis (CMA) on each neighborhood under consideration. They may have additional favorite tools. Use these to grow your knowledge of your neighborhoods. See Property Evaluation with the CMAandEvaluating A Property With A Comparative Market Analysis (CMA)
Use your agent to help keep track of buying and selling prices and calculate the “spread.” Choose several properties and make some offers through your Realtor. I know, we haven’t talked about where the money is coming from, see Where Do I Find The Money? & Basic Negotiations. For now we are just limbering up, calisthenics, or it’s like at the high school dance and no one’s on the dance floor. It’s breaking the ice. Of course you’ll want to be set up to digitally sign the offers. Your Realtor can help you with that or email me for my favorite.
Keep track of the offers you make and even ones that you didn’t even make but thought were a good deal. After they sell and close, the price will be public so your Realtor can get that information for you.
Visit Houses that are in your buying range. Also visit houses at the top of the market in your neighborhoods. This will give you an idea of what your finished product will sell for. Keep track of all your guesses and keep checking back. You’ll be getting smarter and smarter about real estate in your chosen neighborhoods.
Green Home Reference Guide
by Debra Little and Steve Easley
Debra is a Real Estate agent and a Certified Appraiser and Steve is a Building Science Forensic Expert who collaborated on this Green Home Reference Guide for use in the the PG&E training for Realtors and Appraisers.
Click here to download a PDF or click here to simply view content below.
Additional Working with Realtors Information
Click link below to view posts
Get in the Game: Wholesaler Interview on Buy and Hold
Get in the Real Estate Game Wholesaler Interview on Buy and Hold Greetings PlanetSavers, Last week Ron Roberts shared his testimony about putting together enough passive income to enjoy his retirement and doing it all with foreclosure renovation in the last 3 years. If you missed it, check it out in the archives. Several people commented that they were inspired to get out there and get going! Tonight we will follow up with more motivation to "Get in the Game" as I interview Sam Okenyi. Sam is the wholesaler that we purchased our Norris avenue property through. He has some clear observations about the...Continue Reading!
120417 Foreclosure Investing Planning & Preparation
Foreclosure Investing Planning and Preparation Greetings PlanetSavers, Tonight we have a Foreclosure Renovating Expert who has "Been There & Done That." Ron Roberts and I have worked together for many years in various capacities and then 3 years ago I got inspired about the opportunity presented by the Foreclosure Mess. Ron was one of the first people I shared my excitement with and he took off running full speed with the goal of building a retirement income from his foreclosure renovation investments. In three short years, he's met his objectives. He's completed about the same number of projects that I have (15) and has...Continue Reading!
120403 Greater ROI with HomePath Financing
Greater ROI HomePath Financing Tonight we'll have two guests sharing about one of the most exciting financing & investment combinations on the market today. Jennifer Martin, our Real Estate Broker and Gene O'Brien, our Loan Broker will be talking about Leveraged Investment in Foreclosures using the Fannie Mae program called HomePath. Check it out at HomePath.com to get a head start on the Webinar. Requiring only 10% down, The HomePath mortgage allows investors to get in the game with less capital than with conventional financing. Tune in to hear why investors are flocking to this program. What are its limitations and where does it shine? And...Continue Reading!
120327 Investment Property Alerts
Investment Property Alerts 5008 E Home Ave. Fresno, CA As many of you know Dave's attending the 2012 Balitimore National Affordable Comfort Institute Convention. Because of the time difference he'll be unable to do his usual on location interviews with attendees. Tonight, Dave and I will be review our new "Investment Property Alert" package. We'll sample a collection of information on a property we recently visited compiled in such a way as to make it simple for Energy Wise investors to take quick advantage of good deals in the Fresno area. The 7 Page Email Alert features: Cover Sheet: Pictures and Overview Price & Sales Comparables:...Continue Reading!
Fresno Field Trip January 2011 Part 1
Fresno Field Trip January 2011 Part 1 Join Dave Robinson and several energy wise house flipper enthusiasts on a Fresno Field Trip that includes 503 Scott Ave Clovis CA in the early stages of remodel. Bryan Martin, one half of GEE's favorite real estate agent team, shows the group a new property were Dave discusses the do's and don't of making an offer for a potential house flip. [vimeo width="650" height="425"]http://vimeo.com/32462198[/vimeo]Continue Reading!
110920 Getting Top Dollar On Renovations
Getting Top Dollar Profitable Renovating Ideas You may have seen his presentations at ACI or the 3 part documentary on his own home in Home Energy Magazine. Larry is one who has really lived Building Science, and has since before it became popular. Like me, Larry did real estate and landlording several decades ago and got out of it... until recently when the "Perfect Storm" of opportunity that we have today with foreclosures, lower prices and low interest got both of us to jump back into the game. Larry brings a unique blend of Home Performance to his projects. He knows he can't do everything...Continue Reading!
Wholesale Marking Interview Part 3
Part 3 of 3: Join Dave as he interviews Sam Okenyi Jr. and Chris Williams from Triforce Real Estate, Wholesale residential real estate marketers from Fresno CA. . Part 2 is also available to G.E.A.R. members. For more information click here. [youtube]http://www.youtube.com/watch?v=WPTjYxpTj0Y[/youtube]Continue Reading!
Wholesale Marking Interview Part 2
Part 2 of 3: Join Dave as he interviews Sam Okenyi Jr. and Chris Williams from Triforce Real Estate, Wholesale residential real estate marketers from Fresno CA. . Part 3 is also available to G.E.A.R. members. For more information click here. [youtube]http://www.youtube.com/watch?v=bo3LTRxpp-4[/youtube]Continue Reading!
Wholesale Marking Interview Part 1
Part 1 of 3: Join Dave as he interviews Sam Okenyi Jr. and Chris Williams from Triforce Real Estate, Wholesale residential real estate marketers from Fresno CA. Parts 2 and 3 are available to G.E.A.R. members. For more information click here. [youtube]http://www.youtube.com/watch?v=gNhu6aqrEG4[/youtube] Continue Reading!
Financing The Green Dream: Creativity Required.
Let's say, for example, that you are concerned about Climate Change, Peak Oil, Resource Conservation, and buying less from people who are convinced that America is The Great Satan ... All of that. And with the arrival of your second child, the apartment just isn't working anymore ... It's time to buy your first home. Here's how that might sound You: I'm pre qualified, I found a Realtor & it's time to go shopping. I'm hoping to find it all, More space for the kids, A modern kitchen, and Energy Efficiency to help the planet - and my Utility...Continue Reading!
By Dave Robinson
By Jack Frost
By Andrew Martinez