All Topics / Help Needed! / Spotters?

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of waydo77waydo77
    Participant
    @waydo77
    Join Date: 2011
    Post Count: 155

    Hi every1!

    Just wondering if anyone can give any insight into the world of deal spotters?

    Once they find a deal how do they secure it and onsell it so to speak?

    How do they calculate how much they sell the deal for (their fee)?

    Is anyone out there making money from selling deals? e.g deals with development potential or high yield etc?

    thanks

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Development wise I know a few guys who place development sites under option, get DA approval and then onsell the site for a profit.

    Financed a deal recently for a client who purchased off a party who onsold a contract from a company who puts contracts on properties about to be repossessed.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of KellieKellie
    Participant
    @kellieajay
    Join Date: 2014
    Post Count: 6

    I am also confused as to how the spotting process works (as a potential buyer)!

    Profile photo of BuyersAgentBuyersAgent
    Participant
    @knightm
    Join Date: 2005
    Post Count: 338

    Finding any real estate – placing it under option and on selling is a viable strategy. The problem is that it only seems to work in practice with larger blocks or dev sites. Mums and dads who are ready to sell their homes now are suspicious of options. Options fees and terms are highly variable. It all depends on the deal.

    Just trying to charge “spotters” fees is illegal unless you are a buyers agent as far as I am aware.
    .

    • This reply was modified 6 years, 9 months ago by Profile photo of BuyersAgent BuyersAgent.

    BuyersAgent | Precium
    http://www.precium.com.au
    Email Me | Phone Me

    South Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.