Re: WANT TO SELL 2,3,AND 4 UNIT BUILDINGS? - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on January 25, 2002 at 01:13:21:
I mostly buy direct from sellers or at auctions, rarely through real estate brokers and agents.
However, this may be a situation where the expertise of the real estate agents could prove valuable to you. Suppose the agents could get you cash-out offers? Would that be valuable to you? What about their market knowledge so prices can be set to sell fairly soon and to get the highest reasonable prices?
I would recommend that you talk to 3-5 agents about each property and get them to tell you what they would do and what to expect in terms of prices.
Now, most of what the agents do to “sell” your properties is not really fantastic. They put them into the multiple listing service so that agents who have potential buyers in tow can see them and expose them to the potential buyers.
Some agents will promise higher prices than are realistic. You will probably know them if you talk to several different agents on each property. I remember that happening some years ago when a partner and I were preparing to sell a property. The price that one agent said she could get us was well over the figure that other people were quoting. I thought “Gee, what if she really can get that for us?” Then I faced reality, she was lying. We did sell for more than most of the agents indicated, but not what she said.
If you don’t want to list after talking with them, you don’t have to do so.
Good InvestingRon Starr