Greetings investors.
One thing that's been on my mind lately in relation to a project I'm involved in pertains to marketing. Are agents in the business of marketing options on sales or should I get on gumtree like quite a few others? Any ideas?
Cheers,
A
Hi A
We use Gumtree to advertise the properties we have for sale with vendor finance (VF), i.e. Lease/Options and Instalment Contracts. We also know vendor financiers that use Agents to sell their VF properties.
Could you give us a bit more information about the project and your marketing thoughts?
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
what are the odds if you took both?
Agents don't generally get involved in marketing options over a private treaty because they sell property where they get their commission in 42 days (not on the never never plan where the option is subject to a lot more than achieving an approval on a development site).
As Scott mentions, the idea of getting your commission when an Option is exercised and the transfer takes place, is not very appealing to an Agent.
However, like most things in real estate
when an Agent gets paid their commission can be negotiated. We know quite a few Rent To Own (Lease/Option) sellers that pay the Agent 50% of the commission when the Lease/Option is established and pay the other 50% when the Option is exercised and transfer takes place. And, of course, these percentages are negotiable Sure the second 50% is a bit on the never never plan so I guess the Agents just look at it as '50% of something'.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
It just depends upon how quiet they are at the time.
Also the state of the general market.
When they are twiddling their thumbs they are probably quite happy to talk about anything to a vendor.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Qlds007 wrote:Also the state of the general market.When they are twiddling their thumbs they are probably quite happy to talk about anything to a vendor.
Cheers
Yours in Finance
So very true, have you tried getting an agent return your call when things are booming?
There are real estate agents that will sell your lease options or instalment sales for you… in fact any agent will sell anything as long as they get a commission if you explain it to them simply what they need to sell for you.
Cheers
Sheree
Yes we have 6 appointed introducers here in Qld who we take business from and pay them all the same commission rate.
Be surprised how many agents want to get on board when times are quiet or they have the buyer but we wont take the deal from them.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
when an Agent gets paid their commission can be negotiated. We know quite a few Rent To Own (Lease/Option) sellers that pay the Agent 50% of the commission when the Lease/Option is established and pay the other 50% when the Option is exercised and transfer takes place. And, of course, these percentages are negotiable 
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