Re flipping properties – are there people out there offering selling agents the opportunity to onsell the property once a renovation is complete in return for getting the property over the line for the price they want? (agent is almost guaranteed double commission) and is there any thing out there to stop this behaviour?
It’s business!!
Why can’t an agent make money?
Sorry to be direct but it’s not dogy agentsJpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
No I agree JP but alot would think this is a dodgey tactic and I also believe it is as the agent probably doesn't have the sellers best interests in mind. I think it comes back to your own DD when selling though and finding the right agent for you
The reason Flippers do this is there is a large element of risk in flipping, time is literally money and you need to find a buyer quickly.
If you can get an almost guarenteed buyer before trying to flip a place why wouldnt you ?you know what a guy who sells to the realestate agents on a large scale is called… a wholesaler.
If the agent can then sell it for profit then good luck to him, it is after all his profession. (the business process here is called a supply chain and is no different to someone importing goods and then selling them to a store who, then gets to sell them again)
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