Expired Listings

Thanks

Hi

Does anyone know how to find cash buyers for lots?

Thanks

Sending you a list of expired listings takes very little effort for your real estate agent. If you decied to make an offer it may require your agent to make one or two calls. The first call is to the last agent who had the listing. Your agent simply has to ask if the old agent would like to present the offer to the seller. Or your agent can call the seller directly and see if they will consider an new offer.

Explain to your agent that these expired listings are important to you. they will help your agent make money.

Good luck.

The problem here is that if you get a list of expired listings, your agent may be afraid that you will simply go directly to the owner and bypass his or her commission.

Even if you decided to put an offer through your agent, the expired listing agent would have to contact a dissatisfied buyer, renegotiate some sort of listing agreement before an offer can be placed on the property. Most agents don't want to kick a dead horse - even if you think there is still life in the old mule.

My recommendation, call the listing agent on Trulia and Zillow listings. They are horribly out of date, the ones that haven't sold are probably expired. LOL

All of the postings here are really valuable, I'm simply going to present an idea that I know has worked with some expired listings.
As mentioned above, when a listing on a property reaches its conclusion, if the property has not sold, the seller has four options:
1) Re-list the property with the same agent;
2) Find another agent to list with;
3) Allow the listing to expire, and attempt to sell the property themselves;
4) Take the property off the market, rent it, continue to live in it, let it rot, whatever.
If the property is no longer listed on the MLS, it means they have opted for either #3 or #4. Real estate agents are no longer entitled to receive a commission on the property. We can safely assume that the seller is frustrated, and the original listing agent was also frustrated at not being able to sell the property.
If you go to your buyer's agent, they are NOT frustrated about this property, they have no real connection to it unless they originally listed it.
Propose the following to them:
1) Supply me with a list of expired listings;
2) We will work out an arrangement that allows for compensation for you and your brokerage for any property where we are able to make a deal;
3) We will go together to your broker, and if necessary, to the Board of Realtors to make sure that our arrangement does not violate any specific rules;
4) I will be providing this compensation out of my own pocket, not the seller.
If we work to create a win/win situation with the agent who supplies the information that could increase their income for this year dramatically, doesn't it seem likely that they will be happy to work with you? In most cases, if the agreement provided them with 3% on any deal you can cull from the expired listings, it will be equal to the commission split that they would have received in a standard transaction. Just some food for thought.