My friend and I have the opportunity to sell 5 x fully developed blocks that his dad owns. I’d like to hear what ideas people have for approaching this situation. Do I try and get a real estate agent onboard and entice with a bigger piece of the pie if he can sell them for us? Or undertake it ourselves? How would we market the properties? I haven’t really done anything like this before so feel like a fish out of water and would greatly appreciate any information you can provide. Thank you!
I'm still confused about how you get to sell properties your mates dad owns, your obviously not an agent.
Well, we’re hoping to enter into a call option agreement with him to act as the middle man and find buyers. Am I way off track with this thought?
as a non-agent you can’t sell or self-manage the sales of 5 properties on behalf of the owner.
You would be best serviced by getting a few ie 3 or 4 agents in for a presentation giving them a proper brief beforehand. They can then present their offer & abilities, how they would market, comparable sales, expertise, selling costs etc
Thank you. Very helpful!
If you have call options on the blocks, you then have a financial interest in the properties so I believe you can onsell the options either yourself or via agents. I would be checking with some local builders to see if they are interested in the blocks on builders terms (also a type of option). You can negotiate for them to pay you a commission when they build the houses and you get two payments from eack of the properties that way. If in doubt, check with your solicitor.
Thanks for helpful info!!!!
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