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Are you ready to dive into the thrilling world of real estate, where challenges and big bucks await? Vendors are the MVPs of estate agency businesses - without them, it's like a real estate agent without a phone (yikes!). So, in this cutthroat property market, sharpen those modern marketing skills to reel in those vendors and keep your business's heartbeat strong. Let's turn your real estate game from "meh" to "heck yeah!
The best real estate deals aren’t found in the obvious places.They’re found off market, directly with sellers.Here are examples of sellers who want to avoid realtors & sell directly with you.
Utilizing Your Existing Customers
83% of people trust recommendations from their friends and family over any other form of marketing or advertising. For this reason, the best possible way for you to attract new vendors is to exceed their expectations and do an amazing job for them.
Pre-foreclosures
Pre-foreclosure properties are homes on the brink of lender repossession. These homeowners are motivated to sell quickly & avoid consequences for their credit. They get a fast transaction that saves their credit, and you get an excellent deal.
Absentee Owners
Absentee owners have vacant properties, with expenses piling up.Empty homes require vacancy insurance, which is incredibly expensive. Several absentee owners are happy to sell with you & avoid realtor fees.
Inherited Homes
People constantly inherit homes in poor condition. The new owners don’t want to renovate, & banks won’t lend money on the property. This is where you come to the rescue, buy their home, & take the burden off their shoulders.
Hoarders
Hoarders with newspapers stacked to the ceiling typically avoid realtors. They're embarrassed by the state of their home & usually prefer private sales.They avoid embarrassment, and you get a great deal.
Real estate is a field that's equal parts challenging and potentially lucrative. Vendors are the lifeline of an estate agency business. It’s no wonder then that so many estate agents cite their biggest challenge as securing more vendors. In this increasingly competitive property market, it is more vital than ever to up-skill on modern marketing techniques that enable you to attract more vendors so you can keep your lifeline flowing.
